For the quarter, Baidu (ticker: BIDU) reported revenue of $ 3.69 billion, down about 1% from a year ago, and in line with the consensus of Wall Street analysts at $ 3.7 billion. Non-GAAP earnings were $ 2.08 per share, good for the Street Consensus at $ 1.38. Baidu said …
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Text size David Becker / Getty Images Intel fights back against growing consensus picture that delays in manufacturing caused the 52-year-old chipmaker behind rivals such as Advanced Micro Devices. Over the course of nearly three hours, Intel (ticker: INTC) engineers from various business departments talked in depth about various lines …
Read More »News updates: Joe Biden Presses for National Mask Mandate
Workers wearing personal protective equipment perform Covid-19 tests in Drive in Winnetka, California (Photo by Kevin Winter / Getty Images) Getty Images Text size Here’s what you need to know about the impact of Covid-19 to navigate the markets today. • Joe Biden kicks in for a national mask mandate, …
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Text size Pau Barrena / AFP via Getty Images Shares of Cisco Systems fell Wednesday after hourly trading after the company posted a weaker-than-expected outlook for the company’s current quarter ending in October. For the fiscal fourth quarter ended July 25, the network giant posted revenue of $ 12.2 billion, …
Read More »Qualcomm stock jumps to court over antitrust reference. here is Why.
Text size Pau Barrena / AFP via Getty Images Shares of mobile device maker Qualcomm jumped into trading on Tuesday after the U.S. Court of Appeals for the Ninth Circuit ruled against the Federal Trade Commission in a major anti-trust case. Qualcomm (ticker: QCOM) stock gained 3.6% to $ 110.24 …
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