Category: thirdquarter
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GameStop reports third-quarter profit on spending cuts
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Written by Zaheer Kachwala (Reuters) – GameStop reported third-quarter earnings on Tuesday as the video game retailer ramped up cost-saving efforts, including closing stores and selling higher-margin merchandise. CEO Ryan Cohen told investors in June that the company would operate with a “smaller network and greater value-added elements” as part…
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Dell’s third-quarter revenue misses on PC weakness
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(Reuters) – Dell Technologies Inc (DELL) missed Wall Street expectations for third-quarter revenue on Tuesday, hurt by weak demand for traditional personal computers and intense competition from rival server makers. The company’s shares fell more than 5% to $134 in extended trading. Dell reported revenue of $24.37 billion in the…
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TSMC’s third-quarter revenue easily beats market forecast By Reuters
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TAIPEI (Reuters) – TSMC, the world’s largest contract chip maker, on Wednesday reported third-quarter revenue that easily beat market and the company’s own expectations as it reaped the benefit of demand for artificial intelligence. The Taiwan Semiconductor Manufacturing Company, whose clients include Apple (NASDAQ:) and Nvidia (NASDAQ:), has been at…