TSMC beats forecasts with 54% surge in profits on soaring AI demand
Shares in TSMC (TSM) (TW:2330) jumped 6% in early premarket trade. The stock has surged 80% this year. "Our business in the third quarter was supported by strong smartphone and AI-related demand for ...
Absolut Vodka Maker Pernod Ricard Posts Lower Sales on China, U.S. Weakness — Update
Absolut vodka maker Pernod Ricard experienced a slow start to its fiscal year, posting sharp sales declines in China and the U.S. as the spirits industry faces a downturn in consumption.
'I'm convinced the U.S. will be drawn into World War III': How do I prepare my finances?
'I believe this to be a legitimate concern. I would prefer a politically neutral answer' ...
TSMC Posts Record Profit as AI Boom Continues — Update
TSMC could continue to post a revenue compound annual growth rate of 15%-20% over the next five years, driven by both AI chip demand from Nvidia and the outsourcing by integrated device manufacturers, ...
Sweden's Investor AB Registers Total Shareholder Return of 8%
STOCKHOLM--Investor AB recorded a total shareholder return of 8% for the third quarter, turning positive after a negative return of 3% in the prior-year period.
Nokia Tempers Earnings Expectations After Sales Fail to Recover — Update
Nokia tempered earnings expectations for the year amid a delayed recovery in sales, but said an improving gross margin and quick action on costs was helping offset some of the weakness.
Merck KGaA Cuts Medium-Term Healthcare, Life-Science Outlook but Lifts Electronics Guidance
Merck KGaA lowered its medium-term outlook for its healthcare and life-science segment due to China challenges and recent pipeline setbacks but raised its electronics forecast, citing strong ...
ABB Posts Higher Profit, Lifts Full-Year Margin Guidance — Update
The Swiss industrial-technology company's operational earnings before interest, taxes, and amortization margin at its electrification division for the first time reached 24%, with revenue reaching a ...
Nestle Trims Outlook Again as It Bets on Promotions to Win Back Shoppers — 2nd Update
Investor attention will now turn to Nestle's capital-markets event next month, analysts at Jefferies said in a note to clients. The company will come under pressure to offer midterm guidance, and a ...
EQT Posts Rise in Investments, Exits and Client Assets
EQT said its funds' investments increased over the third quarter of 2024, along with its exits and assets under management. The Swedish private-equity company said Thursday that its fee-generating ...
Schneider Electric Acquires Buffalo-based Motivair for $850 Million
Schneider Electric said it agreed to acquire a controlling interest in Buffalo-based Motivair for $850 million. The French group on Thursday said it plans to buy a 75% interest in the company, which ...
TSMC Posts Record Quarterly Profit Amid AI Boom
Taiwan Semiconductor Manufacturing Co. maintained its growth momentum in the third quarter, with net profit jumping 54% to a record despite concerns about the sustainability of the ...