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Month: May 2019

iQiyi beats on bottom-line in Q1, keeps adding users

iQiyi Inc (NASDAQ: IQ), the video streaming arm of Chinese major Baidu (NASDAQ: BIDU), on Thursday reported a 43% increase…

NVIDIA stock surges on Q1 earnings beat aided by a rebound in the gaming market

NVIDIA Corporation (NVDA) surprised investors with an earnings beat in the first quarter resulting in the stock surging above 5%…

Applied Materials posts Q2 results above street estimates

Applied Materials (NASDAQ: AMAT) on Thursday reported a 23% decline in second-quarter revenue to $3.54 billion. Meanwhile, non-GAAP net income…

Pinterest’s stock tumbles after Q1 earnings miss

Pinterest (NYSE: PINS) reported better-than-expected revenue for the first quarter of 2019 but earnings missed estimates, sending shares tumbling over…

Huya Q1 profit soars 102%, meets estimates

Huya Inc. (HUYA) reported a 102% jump in earnings for the first quarter of 2019 helped by higher interest and…

Earnings: Baidu stock tanks after Q1 profit misses estimates; revenue beats

Revenues of China-based search service provider Baidu (Nasdaq: BIDU) rose sharply in the first quarter of 2019. Earnings, meanwhile, dropped…

Fred’s stock crashes on news of additional store closures

Fred’s Inc.’s (NASDAQ: FRED) shares plummeted over 20% in afternoon trade on Thursday as the company announced that it is…

Microsoft teams up with Sony for cloud gaming, artificial intelligence

Tech majors Microsoft (Nasdaq: MSFT) and Sony (NYSE: SNE) put aside their differences this week and joined hands to explore…

Global semiconductor revenues to fall this year on supply glut, China weakness

The envious run witnessed by the global semiconductor market over the past three years is coming to an end, International…

Lyft stock gains for third day after favorable labor board decision

After the disappointing Wall Street debut last month, shares of Lyft (Nasdaq: LYFT) have continuously struggled to find a footing.…