Tag: consumer electronics
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Samsung manages to beat on earnings despite 84% drop in Q2 net profit
[ad_1] Samsung Electronics 005930, +1.29% posted above-consensus quarterly earnings despite an 84% drop in net profit for the second quarter, as the South Korean tech giant sees the memory-chip industry passing through a trough. The world’s largest manufacturer of memory chips, smartphones and televisions said Thursday that it expects global demand for technology products and…
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ServiceNow’s stock gains on doubling of earnings, strong subscription sales forecast
[ad_1] ServiceNow Inc.’s stock was gaining 2% in extended trading Wednesday after the software company reported quarterly earnings more than doubled on strong subscription sales. “That’s the economics of the cloud,” ServiceNow Chief Executive Bill McDermott said in an interview Wednesday. “What’s incredible is we have a 99% renewal rate.” The software company NOW, -0.88%…
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Nvidia estimates ‘may prove conservative’ as Microsoft, Google mentions of AI more than double
[ad_1] Microsoft Corp. and Alphabet Inc. mentioned “AI” so many times on their earnings conference calls that one bullish Nvidia Corp. analyst is beginning to think his above-consensus estimates may be too conservative. Jefferies analyst Mark Lipacis, who has a buy rating on Nvidia NVDA, -0.79%, noted that mentions of artificial intelligence on both Microsoft’s…
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Microsoft and Google can’t stop talking about AI, and this chart proves it
[ad_1] As Microsoft Corp. and Alphabet Inc. get more serious about artificial intelligence, they’re spending a lot more time discussing it with the investment community. That was clear Tuesday when the technology giants reported June-quarter results and offered Wall Street ever more of a glimpse into how AI could reshape their businesses and the services…
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Nonprofit wireless provider warns the most vulnerable to extreme heat, bad air
[ad_1] There’s been a major tool in recent decades in limiting fatalities and greater property damage when it comes to natural disasters and extreme weather, including the soaring temperatures that have cooked the U.S. and parts of the world this summer. That tool? Much better and timely communication. And that means reliable mobile devices and…