United States

Sayanti Chakraborty

Qualcomm wins a pause in enforcement of FTC ruling

Aug 23 2019

Qualcomm Inc won a partial stay against the enforcement of a sweeping antitrust ruling in a lawsuit brought by the U.S. Federal Trade Commission (FTC), according to a court filing on Friday.

Applied Materials does not expect memory chip recovery before 2020

Aug 15 2019

Applied Materials Inc beat Wall Street estimates for quarterly revenue on Thursday but the chip gear maker cautioned that recovery in the memory chip market is unlikely before 2020.

Tariffs, China sales weigh on Cisco outlook, shares slide

Aug 14 2019

Cisco Systems Inc said on Wednesday that impending U.S. tariffs and Chinese customers shunning the networking company's gear were weighing on its business, and it forecast sales and profit below Wall Street targets.

'NBA 2K', 'Grand Theft Auto V' help Take-Two surge past estimates

Aug 05 2019

Videogame publisher Take-Two Interactive Software Inc raised its full-year revenue forecast on Monday, boosted by the success of its games "NBA 2K", "Grand Theft Auto V" and "Red Dead Redemption 2", sending its shares up 7% in extended trading.

Spotify revenue beats but adds fewer-than-expected paid subscribers

Jul 31 2019

Spotify Technology SA's lighter-than-expected number of new paid subscribers drove shares as much as 5% lower in trading before the bell, overshadowing revenue, gross margins and user engagement successes in the second quarter.

Core game franchises propel Electronic Arts revenue beat

Jul 30 2019

Video game publisher Electronic Arts Inc reported better-than-expected quarterly revenue on Tuesday, riding on the continued success of its battle royale game "Apex Legends", sending its shares up as much as 5% in extended trading.

Interpublic raises concerns of a rough 2019; shares slip

Jul 23 2019

U.S. ad firm Interpublic Group of Cos Inc raised concerns of a challenging second half on Tuesday, as it followed bigger rival Omnicom Group Inc in keeping full-year outlook unchanged despite reporting an upbeat quarter.

Cloud growth fuels IBM profit beat

Jul 17 2019

International Business Machines Corp beat analysts' estimates for second-quarter profit on Wednesday, propped up by recurring growth in its high-margin cloud business.

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