Samsung Q1 2024 earnings guidance: Memory chip prices rebound

SHANGHAI, CHINA – MARCH 14, 2024 – Visitors visit the Galaxy S24 phones at SAMSUNG booth at AWE2024 in Shanghai, China, March 14, 2024. CFOTO | Future Publishing | Getty Images Samsung Electronics on Friday said it expects to post a 931% increase in first quarter operating profit, as chip prices rebound. Operating profit in … Read more

Rice is not included in Apple’s official guidance for a wet phone

Getting water on phones happens to the best of us. Lucky for us, there’s one household staple the internet consistently suggests will draw that liquid out and save phones: uncooked rice. But contrary to popular advice, Apple, like most people in tech support, explicitly advises against putting your wet phone in a bag of rice.  … Read more

Watches of Switzerland shares plunge 30% after guidance cut

An employee arranges a display of Omega SA watches in the window of a Watches of Switzerland Group Plc store on Regent Street in London, UK, on Wednesday, Aug. 30, 2023. One of Watches of Switzerland Group Plc’s biggest investors cut its stake in the UK-listed timepiece retailer less than 24 hours after Rolex SA decided to buy a … Read more

Samsung issues guidance for Q4 2023, expects 35% profit drop

Samsung is the world’s biggest maker of memory chips. Jakub Porzycki | Nurphoto | Getty Images Samsung Electronics on Tuesday said it expects to post a 35% drop in operating profit in the fourth quarter of 2023, missing expectations by a wide margin as a rebound in semiconductor prices likely narrowed losses in the South … Read more

Trade Desk shares plunge 30% on weak guidance tied to auto strikes

Jeff Green, CEO, The Trade Desk Scott Mlyn | CNBC The Trade Desk shares plunged about 30% in after-hours trading on Thursday after the ad-tech company issued fourth-quarter revenue guidance that fell well short of analysts’ estimates. Third-quarter results topped estimates. Here’s how the company did: Earnings per share: 33 cents, adjusted vs. 29 cents expected … Read more

UK’s online safety regulator puts out draft guidance on illegal content, saying child safety is priority 

The U.K.’s newly empowered Internet content regulator has published the first set of draft Codes of Practice under the Online Safety Act (OSA) which became law late last month. More codes will follow but this first set — which is focused on how user-to-user (U2U) services will be expected to respond to different types of illegal … Read more

Datadog earnings boost stock, company gives strong guidance

Olivier Pomel, co-founder and CEO of Datadog, speaks at the company’s Dash conference in San Francisco on Aug. 3, 2023. Datadog Shares of cloud monitoring software firm Datadog surged as much as 30% in Tuesday trading after the company reported stronger-than-expected third-quarter earnings and full-year guidance. The company reported quarterly revenue of $547.5 million, up … Read more

Hasbro and Mattel stocks drop on poor holiday sales guidance

Game maker Hasbro Justin Sullivan | Getty Images Shares of Hasbro and Mattel sank on Thursday, as both toymakers suggested sales will slow in the fourth quarter. Hasbro’s stock dropped more than 10% on Thursday, and Mattel slid more than 7%. The companies face challenges entering the critical fourth quarter, they said as they separately … Read more

Chinese language EV manufacturers Nio, Xpeng, Li Auto preserve tempo with Q3 steering

Pictured here’s a Nio pop-up retailer in Shanghai, China, on Aug. 4, 2023. Nurphoto | Nurphoto | Getty Photographs BEIJING — Chinese language electrical automobile firms Nio, Xpeng and Li Auto delivered sufficient automobiles in August to maintain tempo with their third quarter steering. That is in line with bulletins from the three firms, that … Read more

Ask Sophie: Any steering for altering jobs whereas on an H-1B?

Sophie Alcorn Contributor Sophie Alcorn is the founding father of Alcorn Immigration Regulation in Silicon Valley and 2019 International Regulation Specialists Awards’ “Regulation Agency of the 12 months in California for Entrepreneur Immigration Companies.” She connects folks with the companies and alternatives that increase their lives. Extra posts by this contributor Ask Sophie: What do … Read more