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Spotify Technology SA on Tuesday reported second-quarter results that comfortably beat expectations for both monthly active users and subscribers, and forecast the number of listeners each month would reach 572 million next quarter.The…

Streaming video pioneer Netflix disappointed Wall Street on Wednesday with second-quarter revenue that fell short of analyst estimates, sending shares tumbling nearly 9% in after-hours trading.The revenue figure, along with a…

MUMBAI: HDFC Bank, India's largest private lender, on Monday reported a bigger-than-expected 30% jump in first-quarter profit, helped by higher net interest income (NII) and strong loan growth.The lender's standalone net profit was at…

Electric-vehicle startups from Nikola to Lordstown Motors were set on Friday to extend a blistering rally in their shares that has put the cash-strapped companies on track for hefty weekly gains.The winning streak has come without any…

Even after Nvidia Corp's blistering rally in recent days, the chip developer's valuation has actually fallen, at least by one measure widely used by analysts and investors. The chip developer has risen more than 31% in the last three…

Japan's Rakuten Group Inc is finalising plans to raise about $2.2 billion by issuing new shares, according to two people, in the e-commerce company's latest move to shore up its finances after years of losses from its mobile…

Mike Lynch, co-founder of UK software firm Autonomy, has been extradited to the United States to face criminal charges in a near decade-long legal battle and fall from grace for a man once hailed as Britain's answer to Bill Gates. Lynch…

Tokyo Electron Ltd, Japan's leading maker of semiconductor manufacturing tools, on Thursday forecast its profit to dip by more than a third from a record high as its customers slowed investment in new plant.The company expects operating…

EBay Inc on Wednesday forecast current-quarter revenue above Wall Street projections after beating March-quarter earnings estimates, as it benefits from its strategy of focusing on product categories including sneakers and watches.A…

Last Updated: April 20, 2023, 03:12 ISTProfits came in at $2.5 billion, down 24 percent from the year-ago period on revenues of $23.3 billion, which were up 24 percent. (Photo: IANS)Elon Musk-led Tesla reported total gross margin of 19.3…