By Zaheer Kachwala (Reuters) -Roblox on Thursday raised its annual bookings forecast for the third time on the back of strong in-game spending on viral titles but flagged a margin decline next year due to higher investments, sending its shares down over 10%. The gaming platform has spent heavily on infrastructure in recent years to …
Roblox lifts bookings forecast, margin pressure weighs on shares Read More »
By Daniel Wiessner (Reuters) -Palantir Technologies on Thursday sued two of its former senior engineers, accusing them of using the software company’s secret information to launch a “copycat” firm, Percepta AI. The lawsuit in Manhattan federal court claims that Radha Jain and Joanna Cohen were “entrusted with Palantir’s crown jewels,” including its source code and …
Palantir sues engineers who left to form ‘copycat’ Percepta AI Read More »
By Prakhar Srivastava (Reuters) -Intercontinental Exchange beat Wall Street estimates for third-quarter profit on Thursday, lifted by robust trading activity and steady growth in its fixed income and data services unit. Market volatility typically boosts exchange activity, as investors increase trades to adjust portfolios and hedge risks. During the reported quarter, traders actively reshuffled portfolios …
NYSE-parent ICE tops profit estimate on strong trading, data unit growth Read More »
By Michael Erman and Christy Santhosh (Reuters) -Merck & Co posted higher third-quarter revenue on Thursday, as growth from its blockbuster cancer drug Keytruda offset falling sales from human papillomavirus vaccine Gardasil in China. However, shares fell nearly 2% after Merck lowered the high end of its revenue forecast for the full year. It now …
Merck posts higher third-quarter sales as Keytruda offsets drop in HPV vaccine Read More »
(Reuters) -Shares of C.H. Robinson surged more than 20% to a record high on Thursday as investors cheered the global freight forwarder’s quarterly profit beat due to AI-driven efficiencies at a time when the rest of the logistics sector has struggled. The U.S.’s largest freight broker has been using artificial intelligence to automate tasks such …
C.H. Robinson’s shares hit record high, defying freight slump with AI-driven gains Read More »
By Michael Erman and Puyaan Singh (Reuters) -Bristol Myers Squibb beat Wall Street estimates for third-quarter revenue on Thursday, as strong growth of its cancer immunotherapy and blood thinner Eliquis helped the drugmaker overcome a hit from generic competition for several older drugs. Shares of the company were up 3.5% at $44.08. Bristol Myers also …
Bristol Myers beats quarterly revenue estimates on strong Opdivo sales Read More »
By Neil J Kanatt (Reuters) -Restaurant Brands beats quarterly sales and profit estimates on Thursday, helped by resilient traffic at its Burger King and Tim Hortons chains. Menu updates and a focus on value pricing helped the Toronto-based restaurant chain operator offset broader macro pressures that have rattled consumer confidence recently in the U.S. Tim …
Burger King parent beats quarterly estimates on resilient restaurant traffic Read More »
MILAN (Reuters) -ContourGlobal has secured a funding package worth more than $350 million to support its solar installations in Colorado, the group owned by U.S. investment fund KKR said on Thursday. The deal includes a tax equity investment from Tyr Energy, part of Japan’s ITOCHU Corporation, and a debt deal arranged with a group of …
KKR-backed ContourGlobal seals $350 million funding package for US solar project Read More »
BEIJING (Reuters) -China’s three biggest airlines posted their first collective quarterly profit in a year in the third quarter on the back of the peak summer season, but the recovery could be fleeting as oversupply continues to drag down the domestic aviation market. Flag carrier Air China reported on Thursday a third-quarter net profit of …
Chinese airlines return to profit on summer surge, but challenges persist Read More »
(Reuters) -Huggies diaper maker Kimberly-Clark topped analysts’ estimates for third-quarter sales on Thursday, as inflation-weary consumers gravitated toward its affordable staples. The company’s shares, which have lost nearly 11% of their value this year, were up about 4% in early trading. With inflation still running high, shoppers have switched to cheaper private-label goods for everyday …
Kimberly-Clark beats quarterly sales estimates as demand holds for household staples Read More »
