Tag Archives: technology
Teradyne beats results estimates as AI boom supports chip demand
(Reuters) - Chip-testing machines maker Teradyne on Wednesday surpassed estimates for sales and profit in the second quarter, helped by growing demand for semiconductors that power artificial intellig...
Jul 26, 2023
ServiceNow beats quarterly revenue estimates on AI-fueled growth
(Reuters) - ServiceNow reported quarterly revenue above Wall Street estimates on Wednesday, boosted by a growing demand for its artificial intelligence solutions. The rising demand for workflow automa...
Jul 26, 2023
O’Reilly Automotive names insider CEO, lifts profit view on strong parts demand
(Reuters) - Auto parts distributor O'Reilly Automotive on Wednesday named Brad Beckham as its top boss and raised its annual profit and sales outlook on strong demand for aftermarket products. Beckham...
Jul 26, 2023
Waymo to focus on ride-hailing services, pushes back autonomous trucking efforts
(Reuters) - Alphabet Inc's Waymo is focusing on its ride-hailing service, Waymo One, while pushing back its efforts to develop commercial autonomous trucking technology, the self-driving unit said on ...
Jul 26, 2023
PTC forecasts quarterly revenue below estimates as economic uncertainty bites
Industrial software maker PTC forecast fourth-quarter revenue below estimates on Wednesday, as economic uncertainty forces companies to cut back on spending to bolster their bottom lines. Companies in...
Jul 26, 2023
Seagate forecast disappoints on China weakness, weak enterprise spending
(Reuters) - Seagate Technology forecast first-quarter revenue below market estimates on Wednesday on weakness in major market China and lower tech spending by businesses worried about an uncertain eco...
Jul 26, 2023
Lam Research forecasts strong quarterly revenue on AI boom
(Reuters) - Chip-making tools supplier Lam Research forecast quarterly revenue above Wall Street estimates, as semiconductor makers scramble to meet a surge in demand fueled by rising adoption of arti...
Jul 26, 2023
Ebay forecasts third-quarter revenue above estimates
(Reuters) -E-commerce platform eBay forecast third-quarter revenue slightly above market expectations on Wednesday, banking on its focus categories such as refurbished goods and auto parts to draw in ...
Jul 26, 2023
Maxlinear scraps nearly $4 billion deal for Taiwan’s Silicon Motion
(Reuters) - U.S. chipmaker Maxlinear said on Wednesday it has scrapped a near $4 billion deal to acquire Taiwan-based Silicon Motion. Its shares fell about 12% in late afternoon trading, while the U.S...
Jul 26, 2023
Facebook parent Meta forecasts quarterly revenue above estimates
By Katie Paul and Yuvraj Malik (Reuters) -Meta Platforms forecast third-quarter revenue above market expectations on Wednesday, sending shares up on the suggestion that it anticipated higher ad spendi...
Jul 26, 2023
