Nvidia forecast tops expectations on cloud sales despite coronavirus hit

Nvidia forecast tops expectations on cloud sales despite coronavirus hit
(Reuters) – Nvidia Corp (NVDA.O) on Thursday forecast first-quarter revenue that topped Wall Street expectations, powered by sales of its chips to cloud computing vendors, even as it projected a $100 million hit from the coronavirus outbreak. FILE PHOTO – The nVIDIA booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017.... Read More

Nvidia forecasts revenue above estimates despite $100 million coronavirus hit

Nvidia forecasts revenue above estimates despite $100 million coronavirus hit
FILE PHOTO – The nVIDIA booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake (Reuters) – Nvidia Corp (NVDA.O) on Thursday forecast first-quarter revenue above Wall Street expectations despite a hit of $100 million from the coronavirus outbreak, sending its shares up nearly 7% in extended trading. The... Read More

Samsung unveils foldable Galaxy Z phone, Galaxy S with 5G

Samsung unveils foldable Galaxy Z phone, Galaxy S with 5G
SEOUL/SAN FRANCISCO (Reuters) – Samsung Electronics (005930.KS) on Tuesday unveiled a foldable smartphone shaped like a large makeup compact, its second try at a novel technology that the South Korean cell phone maker hopes will set it apart from rivals Apple Inc (AAPL.O) and Huawei. Rebecca Hirst, head of UK product marketing of Samsung Electronics, unveils the Z Flip foldable... Read More

U.S. trade panel opens patent probe into Google speakers after Sonos complaint

U.S. trade panel opens patent probe into Google speakers after Sonos complaint
FILE PHOTO – A Google booth is seen during the China Digital Entertainment Expo and Conference (ChinaJoy) in Shanghai, China August 2, 2019. Picture taken August 2, 2019. REUTERS/Stringer WASHINGTON (Reuters) – The U.S. International Trade Commission said on Thursday it was launching a patent investigation into certain audio players and controllers sold by Alphabet Inc’s (GOOGL.O) Google LLC based... Read More

Ferrari tempers 2020 expectations with cautious upgrade

Ferrari tempers 2020 expectations with cautious upgrade
MILAN (Reuters) – Demand for Ferrari’s (RACE.MI) Portofino and 812 Superfast models helped the Italian supercar maker hit profit targets for last year though it only a provided cautious upgrade to its outlook for 2020. FILE PHOTO: Ferrari Roma is unveiled during its first world presentation in Rome, Italy, November 14, 2019. REUTERS/Guglielmo Mangiapane/File Photo Ferrari said it planned to... Read More

Futures surge as China liquidity measures calm investor fears

Futures surge as China liquidity measures calm investor fears
(Reuters) – U.S. stock index futures jumped 1% on Tuesday, signaling a recovery for Wall Street from a sharp coronavirus-led pullback last week, with fresh intervention by China’s central bank calming investor nerves. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., February 3, 2020. REUTERS/Lucas Jackson In a... Read More

Sony raises outlook on strong sensor demand, warns of virus risks on supply chain

Sony raises outlook on strong sensor demand, warns of virus risks on supply chain
TOKYO (Reuters) – Sony Corp raised its annual profit outlook on strong sales of smartphone image sensors after reporting a smaller-than-expected decline in quarterly profit, but it warned of an impact from the Wuhan coronavirus on its global supply chain. FILE PHOTO: A view of the Sony booth during the 2020 CES in Las Vegas, Nevada, U.S. January 8, 2020.... Read More

Sony raises annual outlook after third-quarter profit beats estimates

Sony raises annual outlook after third-quarter profit beats estimates
TOKYO (Reuters) – Sony Corp on Tuesday raised its annual profit outlook on the back of strong sales of image sensors for smartphones, after the company reported a smaller-than-expected decline in third-quarter profit. FILE PHOTO: A view of the Sony booth during the 2020 CES in Las Vegas, Nevada, U.S. January 8, 2020. REUTERS/Steve Marcus/File Photo Operating profit came in... Read More