Category: BetterthanExpected
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Adidas raises full-year guidance after better-than-expected Q2 results By Investing.com
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Adidas (OTC:) raised its full-year guidance on Tuesday after a strong performance in the second quarter of 2024. The sportswear giant reported currency-neutral revenues increased 11% year-over-year, with euro-denominated revenues up 9% to €5.822 billion, up from €5.343 billion in 2023. Excluding Yeezy sales, currency-neutral revenues saw an impressive 16%…
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Samsung flags better-than-expected profit rise as AI boom lifts chip prices By Reuters
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By Joyce Lee and Heekyung Yang SEOUL (Reuters) – Samsung Electronics Co Ltd on Friday forecast a more than 15-fold jump in second-quarter operating profit, as a rebound in semiconductor prices driven by the artificial intelligence boom lifted earnings from a low a year ago. The world’s largest maker of…
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Nvidia shares jump 4% as the AI boom fuels another blockbuster quarter and better-than-expected forecast
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Nvidia Corp, the chipmaker at the center of the AI boom, gave another upbeat sales forecast, showing that spending on AI computing remains strong. The company said on Wednesday that second-quarter revenues will reach about $28 billion. Analysts on average expected $26.8 billion, according to data compiled by Bloomberg. Results…