Advanced Micro Devices Inc. expects strong data-center and gaming sales to keep sales strong into 2021 after the chip maker topped $ 3 billion in quarterly revenue for the first time late Tuesday and its results and outlook both topped Wall Street estimates. AMD AMD, +0.62% reported fourth-quarter net income of …
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Abercrombie & Fitch says the stores that are closing don’t accurately represent the brand. Abercrombie & Fitch Abercrombie & Fitch Inc. ANF, +1.49% will have seven fewer flagship stores by the end of January 2021, but the benefits to the business will far outweigh the loss. One store in Dusseldorf, …
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Hewlett Packard Enterprise Co. shares fell more than 6% in after-hours trading Tuesday after the technology giant reported first-quarter revenue that did not meet Wall Street estimates and warned it no longer expects revenue to grow in fiscal 2020. In a phone interview shortly after the results were released, HPE …
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Akzo Nobel NV said Wednesday that fourth-quarter earnings fell compared with the same time in the prior year, but expects raw-material costs in the first half of 2020 to have a positive effect. Net income for the Dutch paints company AKZA, -0.61% in the quarter ended Dec. 31 was 81 …
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Ams AG said Tuesday that its revenue and adjusted profit rose year-on-year amid strong growth in its business for 3D sensing and advanced light sensing. The Swiss technology company AMS, +4.00% reported adjusted profit of $ 158.9 million in the fourth quarter compared with $ 1.6 million year-on-year, with …
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Snap Inc. shares plunged 14% after the company’s fourth-quarter earnings fell short of Wall Street estimates on Tuesday, momentarily blunting a year-long financial bounce-back. Advertising led the way for Snap SNAP, -11.93% to record revenue of $ 561 million, vs. expectations of $ 563 million from analysts polled by FactSet. …
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After years of providing as little insight into the performance of its different businesses as it could, Alphabet Inc. executives finally divulged financial results from two of its most prominent segments Monday. The reason? They had to. Revenue-recognition rules that were approved in 2014 and went into effect at the …
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