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AMD forecasts second-quarter revenue below expectations
(Reuters) - Advanced Micro Devices forecast second-quarter revenue below estimates on Tuesday, as weakness in demand for chips used in data centers and networking equipment weighs. Enterprise, cloud, ...
Syndicated Content May 02, 2023
Livent quarterly profit jumps on rising lithium prices
(Reuters) - Lithium producer Livent Corp reported a jump in second-quarter profit and raised its annual forecast on Tuesday, citing rising prices and sales of the metal used to make electric vehicle b...
Syndicated Content May 02, 2023
Chesapeake Energy profit beats on higher natural gas output
(Reuters) - U.S. oil and gas company Chesapeake Energy Corp on Tuesday beat first-quarter profit expectations on higher production of natural gas. The United States has emerged as the world's largest ...
Syndicated Content May 02, 2023
Bleach maker Clorox raises annual forecasts on higher prices
By Granth Vanaik and Jessica DiNapoli (Reuters) - Clorox Co raised its annual sales and profit forecasts on Tuesday, banking on higher product prices that helped the household staples maker overcome a...
Syndicated Content May 02, 2023
Exclusive: White House’s Boushey – Fed interest rates having negative effect on banking sector
By Andrea Shalal WASHINGTON (Reuters) - A top White House economist on Tuesday said Federal Reserve interest rate hikes aimed at curbing inflation were having a negative impact on the banking sector, ...
Syndicated Content May 02, 2023
Tinder-parent Match sees weak second-quarter revenue
(Reuters) -Match Group on Tuesday forecast second-quarter revenue below analysts' expectations, as consumers cut spending on dating apps as high inflation and rising interest rates cloud economic outl...
Syndicated Content May 02, 2023
Ford revenue rises 20% on demand for SUVs, pickup trucks
(Reuters) - Ford Motor Co on Tuesday posted a 20% jump in first-quarter revenue, as easing supply-chain disruptions allowed it to better meet strong demand for its pickup trucks and SUVs. The Dearborn...
Syndicated Content May 02, 2023
Freshworks tops revenue estimates as lower-priced offerings boost demand
(Reuters) - Freshworks Inc beat quarterly revenue estimates on Tuesday and posted its first adjusted operating profit as more businesses sought its lower-priced customer engagement software in a tough...
Syndicated Content May 02, 2023
Starbucks sales top estimates on demand recovery in China
(Reuters) - Starbucks Corp beat Wall Street estimates for quarterly comparable sales on Tuesday, powered by a sharp recovery in business in China and steady demand for its coffees and cold drinks in N...
Syndicated Content May 02, 2023
PNC says it can offer up to $15 billion in short-term debt to ease liquidity worries
(Reuters) - PNC Financial Services Group Inc said on Tuesday the parent company and its banking unit can offer up to $15 billion of its commercial paper to calm investor worries as liquidity in balanc...
Syndicated Content May 02, 2023
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