Tag: Financial Performance
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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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Visa earnings benefit from ‘resilient’ spending, though stock dips as growth slows
[ad_1] Visa Inc. called out robust spending trends as the payment-technology giant topped earnings and revenue expectations for its latest quarter, though its shares ticked lower after Tuesday’s report. The company logged a 9% increase in payments volume during the June quarter, along with a 10% increase in processed transactions. “The consumer is resilient and…