Qualcomm CEO Cristiano Amon delivers a keynote speech at Computex in Taipei, Taiwan May 19, 2025. Ann Wang | ReutersQualcomm reported fiscal fourth-quarter results on Wednesday that beat analyst estimates on the top and bottom lines.Here’s how the company did, compared with estimates from analysts polled by LSEG:Earnings per share: $3.00 adjusted vs. $2.88 expectedRevenue: $11.27 billion vs. $10.79 billion expectedRevenue rose 10% from $10.24 billion a year earlier, Qualcomm said in a statement. Due to an income tax expense, the company recorded a net loss of $3.12 billion, or $2.89 a share, after reporting net income a year earlier…
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Hong Kong SkylineNikada | E+ | Getty ImagesAsia-Pacific markets were set to open higher Thursday, tracking Wall Street gains after AMD’s third-quarter earnings beat lifted artificial intelligence stocks.Investors in the region are looking to Chinese autonomous vehicle firms WeRide and Pony.ai’s market debut in Hong Kong later in the day. Both companies are already listed in the United States.Pony.ai set the final IPO offer price at 139 Hong Kong dollars a share, according to a filing, raising gross proceeds of HK$6.7 billion (about $860 million). WeRide raised HK$2.4 billion. Japan’s benchmark Nikkei 225 index was set for a higher open,…
Robinhood beat Wall Street expectations for the third quarter on Wednesday, extending a hot streak that has made it one of the biggest large-cap U.S. tech stocks this year.Here is how Robinhood’s results compared to Wall Street estimates, according to analysts surveyed by LSEG:Earnings per share: 61cents vs. 53 cents expectedRevenue: $1.27 billion vs. $1.19 billion expectedRevenue doubled year-over-year, while net income climbed to $556 million, or 61 cents per share, up significantly from the same quarter last year, when the company posted net income of $150 million, or 17 cents per share.Transaction-based revenue, which is a proxy for trading…
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Billionaire real estate investor Barry Sternlicht had some harsh words for the newly elected mayor of New York City, Zohran Mamdani. Sternlicht is Chairman and CEO of Starwood Capital Group, which has both commercial and residential holdings and joint ventures in the city, as well as its own offices in Midtown Manhattan.Sternlicht blamed overly expensive development and management costs on unions and said he only expected it to get worse in the Mamdani administration.”Over $100 million, every project in New York has to go union, and it’s super expensive. It leads to extremely expensive housing. And other developers have tried…
Dylan Field, co-founder and CEO of Figma, center, appears on the floor of the New York Stock Exchange in New York on July 31, 2025. Figma Inc. shares surged as much as 229% after the design software maker and some of its shareholders raised $1.2 billion in an IPO, with the trading valuing the company far above the $20 billion mark it would have reached in a now-scrapped merger with Adobe Inc.Michael Nagle | Bloomberg | Getty ImagesDesign software maker Figma on Wednesday reported stronger-than-expected third-quarter revenue and quarterly revenue guidance. The stock moved as much as 6% higher in…
The Amazon Prime logo on a package in Manhattan, New York City, on Sept. 16, 2023.Michael Kappeler | Picture Alliance | Getty ImagesTariffs imposed by the Trump administration have given the country’s retailers another cost to manage during a period of persistent inflation.While many are navigating the change with limited price increases, marketplace giant Amazon is hiking more than others.Price increases are common for retailers trying to blunt higher costs from tariffs. Companies including Walmart and Target have said they are employing a portfolio approach to pricing following the tariff hikes, meaning they have raised prices on some items but…
Check out the companies making headlines in after-hours trading. Snap — The social media company surged 26% after it unveiled a $500 million buyback program and issued strong fourth-quarter revenue guidance. On top of that, Snap said Perplexity AI will pay it $400 million to integrate the AI startup’s search capabilities into Snapchat. Arm Holdings — Chip designer Arm Holdings’ stock rose nearly 3% after beating expectations on the top and bottom lines. Arm earned 39 cents per share, excluding items, on revenue of $1.14 billion. Analysts surveyed by LSEG had expected Arm to earn 33 cents per share on…
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024.Justin Sullivan | Getty ImagesDETROIT – Lucid Group missed Wall Street’s expectations for a second consecutive quarter as the all-electric vehicle maker continues to address problems with the launch of its new flagship Gravity SUV.The company, for a second consecutive quarter, also cut the high end of its annual production guidance to around 18,000 vehicles from a previous forecast of between 18,000 and 20,000 units. Its original target for this year was 20,000 units. It also reduced the low end…
Sean Duffy, US secretary of transportation, during a news conference at Philadelphia International Airport (PHL) in Philadelphia, Pennsylvania, US, on Friday, Oct. 24, 2025. Ryan Collerd | Bloomberg | Getty ImagesTransportation Secretary Sean Duffy announced Wednesday afternoon that he will be reducing flight capacity by 10% at 40 major airports starting on Friday morning, affecting roughly 3,500 to 4,000 flights daily.It was not immediately clear which airports would be affected.”This is proactive,” Duffy said in a news conference.Federal Aviation Administration Administrator Bryan Bedford said additional measures could be taken after the initial reduction.”As we slice the data more granularly, we…
