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IBM REVENUE MISS FACTSET ESTIMATES
IBM's stock tumbles 23% as preliminary quarterly results fall below expectationsIBM shares tumbled sharply in premarket trade after the company flagged weaker-than-expected second-quarter results, missing both profit an...- IBM forecasts preliminary Q2 revenue below estimates as spending shifts to AIAccording to the preliminary results, the company expects revenue of $17.2 billion during the quarter, compared with analysts' estimate of...
- PepsiCo's turnaround stutters as Americans rethink snackingPepsiCo's North American food business sees sales slip as consumers shift eating habits. GLP-1 drug use and rising costs influence purchasi...
- Buy, Sell or Hold: Nuvama maintains hold on HCL Technologies; Motilal Oswal recommends buy on ICICI Prudential AMCNuvama maintains a hold rating on HCL Technologies, citing a guarded outlook. Motilal Oswal recommends buying ICICI Prudential AMC, expecti...
- HCL Tech shares fall 3% after Q1 results. What Nomura, Motilal Oswal & other brokerages suggest nowHCL Tech shares fell over 3% despite reporting a 20% YoY rise in Q1FY27 consolidated net profit to Rs 4,624 crore and a 13% increase in rev...
- He learned one lesson at his family's Michigan business. Now it's a $1 billion AI startupApurva Shrivastava, an Indian-origin entrepreneur who studied in MIT, founded Avoca after observing missed customer calls. This AI startup ...
- LTM shares jump 3% as Q1 results meet Street estimates. Here's what Nomura, Nuvama, and other brokerages sayLTM reported a 17% year-on-year net profit increase for the April-June quarter. Revenue from operations also saw an 18% year-on-year rise d...
- UBS initiates coverage on CarTrade Tech with Buy rating, sees 42% upside. 4 reasons whyUBS has initiated coverage on CarTrade Tech with a Buy rating and a target price of Rs 4,000, implying a 42% upside from current levels. Th...
- AI, Iran war risks weigh on Indian IT firms’ earnings outlookIndian IT companies like HCL Technologies and Wipro are reporting earnings amid AI concerns. Macroeconomic uncertainty and Middle East conf...
- TSMC posts record revenue in second quarter on AI demandRevenue in the second quarter rose 36% from a year earlier to a record high on surging interest in artificial intelligence applications. On...
- Dmart recasts strategy as rapid delivery competition intensifiesDMart has scaled back its e-commerce footprint, exiting underperforming cities to focus on metros as competition intensifies in India’s rap...
- US stocks today: S&P 500, Nasdaq rises as chip stocks' gains offset Middle East jittersWall Street rose as chip stocks rallied, offsetting concerns over escalating US-Iran tensions. Gains in semiconductor firms, led by Micron ...
- Auto sector to grow at 22-24% in Q1 FY27, among top drivers of corporate growth: CrisilIndia's automobile sector is expected to report robust revenue growth of 22-24 per cent year-on-year in the first quarter of FY27, emerging...
- PepsiCo bets on healthier products as inflation squeezes consumers; Q2 revenue tops estimatesPepsiCo reported strong second-quarter revenue, exceeding analyst expectations. Healthier product demand helped offset softer North America...
- India Inc's revenue growth to hit 2-year high of 11-11.5% in Q1 despite Iran war: CrisilIndia Inc's revenue is estimated to have grown 11-11.5% year-on-year in Q1FY27, marking the fastest pace in eight quarters, according to Cr...
- Trent slides 12% as Q1 growth fails to impressTrent shares experienced a significant single-day decline on Tuesday. This drop followed first-quarter financial results that did not meet ...
- U. S Stock Market today: Why are Nvidia, Micron Technology, Sandisk, Intel shares down on Tuesday?U. S Stock Market on Tuesday: Chip stocks have been some of the biggest winners of the AI trade so far this year amid hopes of insatiable A...
- Rs 18,000 crore crash in Trent shares explained, and should you buy the dipTrent shares fell sharply on Tuesday, erasing nearly Rs 18,000 crore in market value, after its Q1 revenue growth of 19% missed Street esti...
- Trent shares crash 10% after Q1 update comes below estimates; revenue rises 19%Trent share price plunged 10% after reporting a 19% revenue increase for the June quarter. The company's fashion retail business and store ...
- Global Market: Foxconn Q2 revenue jumps nearly 40% on AI demand, beats estimatesFoxconn reported a better-than-expected 39.8% year-on-year jump in second-quarter revenue, driven by strong demand for AI servers and cloud...
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