Reuters US Business

By Juby Babu (Reuters) -Super Micro missed Wall Street estimates for fourth-quarter revenue and profit on Tuesday, as the company battles larger server makers for high-performance computers used to train artificial-intelligence models. Shares of the San Jose, California-based company slumped nearly 15.5% in extended trading, as the results followed multiple cuts to its full-year guidance. …

Super Micro’s quarterly results underwhelm, shares tumble Read More »

By Arsheeya Bajwa and Max A. Cherney (Reuters) -Advanced Micro Devices on Tuesday reported disappointing data center revenue, a segment which includes lucrative artificial intelligence chips that investors are betting on for rapid growth. Shares of the Santa Clara, California-based company slumped roughly 4% in extended trading. AMD’s shares have climbed more than 40% this …

AMD data center results disappoint, shares slump Read More »

By Harshita Mary Varghese (Reuters) -Media conglomerate News Corp beat expectations for fourth-quarter revenue on Tuesday, driven by a rise in digital subscriptions and strong performance at its Dow Jones unit. The company benefited from strong circulation and subscription revenues at its Dow Jones division, which includes brands such as The Wall Street Journal, Barron’s, …

News Corp beats quarterly revenue estimates on digital subscription growth Read More »

(Reuters) -Canadian oil producer Suncor Energy exceeded analysts’ second-quarter profit expectations on Tuesday, as higher output helped offset the impact of weak commodity prices. Even as volatility in oil prices drives the broader energy industry into a downturn, Canada’s oil sands sector remains resilient. Canadian producers are benefiting from the expansion of the Trans Mountain …

Suncor Energy tops quarterly profit estimates on higher production Read More »

(Refiled to spell out quarter in headline with no changes to text) By Deena Beasley (Reuters) -Amgen on Tuesday posted quarterly financial results that beat Wall Street expectations as a 9% increase in product sales offset higher operating expenses due in part to development of experimental weight-loss drug MariTide. The California-based biotech company’s second-quarter revenue …

Amgen profit rises, weight-loss data expected in 4th quarter Read More »

(Corrects to clarify that this is the first flight for a new 777-9 in five years) (Reuters) -Boeing is expected to conduct the first flight of a new 777-9 jet in about five years as early as August 5, Air Current editor Jon Ostrower said on Monday in a post on X, citing two people …

Boeing expected to fly 777-9 for first time in nearly five years, Air Current editor says Read More »

SAO PAULO (Reuters) -Shareholders in Marfrig and BRF approved on Tuesday the proposed merger between the two Brazilian food processors, the firms said in a joint securities filing. The approval placed the deal one step closer to completion, although it still lacks necessary regulatory approvals. The firms announced in May a plan for Marfrig – …

Marfrig, BRF shareholders approve merger deal Read More »

By Kritika Lamba (Reuters) -Tinder-parent Match Group’s second-quarter revenue surpassed Wall Street expectations on Tuesday, buoyed by strong performance at Hinge and a renewed strategic focus under new CEO Spencer Rascoff. Shares of the company rose about 10% in extended trading. The company credited its revenue beat to the ongoing overhaul, which places greater emphasis …

Match Group posts revenue above estimates as it looks to lure Gen Z with AI push Read More »