Cisco reports better-than-expected results even as revenue suffers steepest drop in 15 years
Cisco reported a 13% drop in revenue for the fiscal third quarter, the steepest decline since 2009. But results still topped estimates.
Cisco reported a 13% drop in revenue for the fiscal third quarter, the steepest decline since 2009. But results still topped estimates.
In separate research notes, Barclays and Morgan Stanley shared three reasons that a rebound is underway for Palo Alto.
Alibaba posted a beat on revenue in its fiscal fourth quater ended March, but the Chinese e-commerce giant's net profit plunged.
Tencent saw slightly better performance in its core gaming business as well as improved profitability in its advertising and business services division.
Sony on Tuesday reported a 7% drop in annual profits in the fiscal year 2023, logging its first drop in annual profits since 2020.
The airline's best-ever financial performance figures were "driven by the voracious appetite for travel across customer segments," the Emirates Group said.
SoftBank posted a 7.24 billion Japanese yen ($4.6 billion) gain on its Vision Fund in the fiscal year ended March.
Consumers are acting vastly different depending on income level.
Net income in the first quarter plunged 68.9% from a year ago to $71.79 million.