ADVFN US – Market Content Editor
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Broadcom tops expectations, forecasts $10.7 bln in AI chip revenue; shares climb
Broadcom (NASDAQ:AVGO) shares surged more than 6% in U.S. premarket trading on Thursday after the artificial intelligence chipmaker reported quarterly results that beat expectations on both revenue and profit, while issuing stronger-than-anticipated guidance for the current quarter. The company also unveiled a new share repurchase authorization of up to $10 billion. For its fiscal first…
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Ferrari Group posts 3% revenue growth to €359.4m in FY25
Ferrari Group Plc (NYSE:RACE) reported preliminary full-year 2025 revenue of €359.4 million on Thursday, representing a 3.0% increase compared with the previous year, though the figure came in slightly below analyst forecasts of €360.6 million. On a constant currency basis, revenue grew 4.8%, falling short of the company’s medium-term growth target of 6% to 8%.…
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Robinhood unveils platinum credit card targeting affluent customers
Robinhood Markets Inc (NASDAQ:HOOD) on Wednesday introduced a new credit card designed for higher-income clients, marking another step in the company’s push to expand beyond its core trading platform and broaden its financial services offering. The company said the new Platinum card will carry an annual fee of $695 and will be issued through Visa…
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Tesla UK registrations slump in February while BYD records strong growth
Tesla Inc. (NASDAQ:TSLA) experienced a sharp decline in UK vehicle registrations in February, with sales falling 45.2% year over year to 2,208 units, according to figures released Wednesday by New Automotive. In contrast, Chinese electric vehicle manufacturer BYD Company Limited (USOTC:BYDDY) expanded its presence in the UK market, posting a 40.9% rise in sales to…
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JD.com Q4 earnings miss forecasts as revenue broadly meets expectations
JD.com (NASDAQ:JD) reported fourth-quarter earnings that fell short of analyst forecasts, while revenue was largely in line with market expectations. The company’s shares slipped slightly in U.S. premarket trading following the announcement. The Chinese online retail group reported earnings per share (EPS) of RMB0.57 for the quarter, below the consensus estimate of RMB0.67. Revenue increased…
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Tuniu shares rise more than 4% after return to profitability
Tuniu Corporation (NASDAQ:TOUR) reported fourth-quarter results on Thursday showing a return to profitability, with net revenues reaching RMB123.5 million ($17.7 million), up 20.3% year over year from RMB102.7 million in the same period last year. Shares of the company climbed 4.6% in pre-market trading following the announcement. The online leisure travel platform posted adjusted net…
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Autohome shares gain 2% despite fourth-quarter earnings shortfall
Autohome Inc. (NYSE:ATHM) released fourth-quarter results on Thursday that came in below analyst forecasts. Despite the earnings miss, the company’s shares rose 2.00% in after-hours trading as investors reacted positively to a newly announced $200 million share buyback plan and ongoing strategic transformation efforts. The Chinese automotive platform reported adjusted earnings of RMB2.59 ($0.37) per…
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Bilibili shares climb more than 4% after turning profitable on strong advertising growth
Bilibili Inc. (NASDAQ:BILI) reported its first full year of profitability for fiscal 2025, with total net revenue reaching RMB30.35 billion ($4.34 billion), a 13% increase year over year, driven largely by a 23% jump in advertising revenue to RMB10.06 billion ($1.44 billion). The company recorded an adjusted net profit of RMB2.59 billion ($370.0 million), compared…
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Oil prices extend rally as Middle East war intensifies; supply risks rise
Oil prices jumped again on Thursday, building on recent gains as the conflict in the Middle East entered its sixth day without signs of easing, increasing concerns about potential supply disruptions from one of the world’s most important oil-producing regions. At 03:35 ET (08:35 GMT), Brent crude futures for May delivery rose 2.6% to $83.54…
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Gold climbs again; stronger U.S. dollar caps the upside
Gold prices moved higher on Thursday as intensifying conflict in the Middle East reinforced demand for safe-haven assets. At 06:05 ET (11:05 GMT), spot gold was up 0.5% at $5,167.00 per ounce after earlier climbing above $5,200/oz during the session. U.S. gold futures rose 0.8% to $5,176.35/oz. The precious metal had already gained about 1%…