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Versant beats revenue estimates on licensing deals, digital platform growth
Reuters135d agobullish
Versant beats revenue estimates on licensing deals, digital platform growth

Versant Media topped Wall Street estimates for first-quarter revenue on Thursday, as content licensing ‌deals and strong sales at businesses like Fandango ‌helped cushion the impact of pay-TV cord cutting. The Comcast spinoff, whose portfolio ​is centered on cable networks, has been expanding the reach of major brands including CNBC and MS NOW to stay competitive as viewers increasingly move to streaming. For the January-March ‌period, total revenue came ⁠in at $1.69 billion compared with estimates of $1.62 billion, according to data compiled by LSEG.

Qnity Electronics (Q) Valuation Check After Earnings Beat Guidance Hike And AI Demand Momentum
Simply Wall St.135d agobullish
Qnity Electronics (Q) Valuation Check After Earnings Beat Guidance Hike And AI Demand Momentum

Qnity Electronics (Q) is back in focus after first quarter results topped expectations and the company raised its full year 2026 earnings guidance, tightening projected net sales to US$5.225b to US$5.375b. See our latest analysis for Qnity Electronics. After an early pop on the earnings beat and guidance hike, Qnity’s share price has cooled slightly, with a 1 day share price return showing a 3.77% decline, but the 90 day share price return of 49.27% and year to date share price return of...

Cisco Stock Soars on Plan to Cut Staff in Favor of AI Spending
The Wall Street Journal135d agobullish
Cisco Stock Soars on Plan to Cut Staff in Favor of AI Spending

Shares in Cisco Systems (CSCO) surged premarket after the company laid out plans to cut thousands of jobs to free up cash for artificial intelligence. In announcing it plans to shed about 5% of its workforce just this quarter, Cisco joins a number of companies making drastic cuts to adapt to the AI era—most recently GitLab (GTLB), which made headlines earlier this week when it outlined plans to shrink its footprint and headcount, scrap layers of management and use AI to automate certain functions. Cisco shares are up about 18% ahead of the opening bell.

Taiwan's Foxconn reports forecast-beating 19% jump in Q1 profit on AI demand
Reuters135d agobullish
Taiwan's Foxconn reports forecast-beating 19% jump in Q1 profit on AI demand

Net profit for January-March for Nvidia's ​biggest server maker and Apple's top iPhone assembler was T$49.92 billion ($1.58 billion), versus a LSEG consensus estimate of T$48.88 billion. In an earnings release, it stuck to its previous forecast of "strong" growth for revenue this year ‌and said it also ⁠saw strong demand for AI servers. Foxconn, formally called Hon Hai Precision ⁠Industry, in April reported a 30% on-year jump in first-quarter revenue.

Cisco Soars on Sales Forecast, AI-Focused Restructuring Plan
Bloomberg135d agobullish
Cisco Soars on Sales Forecast, AI-Focused Restructuring Plan

(Bloomberg) -- Cisco Systems Inc. gained as much as 19% in late trading after the company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs, an attempt to focus on the fast-growing AI market.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightMamdani Scraps Property Tax Hike, Counts Second-Home RevenueTrump Lands in China for Xi Trade Summit With Iran War in

Michael Burry buys beaten-down fintech stock after earnings
TheStreet135d agobullish
Michael Burry buys beaten-down fintech stock after earnings

A stock fell nearly 13% after earnings on May 8. By the next morning, Michael Burry had already bought a full position. He posted about it on Substack before the market opened. The speed of that move tells you almost everything about how Burry thinks. The details of why he moved tell you the rest. ...

Netflix price surge signals end of passive subscriber era
TheStreet136d agobullish
Netflix price surge signals end of passive subscriber era

For years, Netflix operated on a simple premise: charge people a monthly fee, create engaging content, and grow. That model worked brilliantly. But something has quietly shifted. Netflix (NFLX) just raised prices again. And while the sticker shock is real, the more important story is what's ...

Nvidia Rally Propels Stocks to New Records
The Wall Street Journal136d agobullish
Nvidia Rally Propels Stocks to New Records

The latest leg of a blistering Nvidia stock rally fueled fresh records for the S&P 500 and Nasdaq Wednesday, after Chief Executive Jensen Huang joined a high-stakes China summit that could determine the next phase of the global AI arms race. Shares of Nvidia rose 2.3%, their sixth consecutive day of gains. In a sign of the chip maker’s dominance over the market, Nvidia in intraday trading became the first company to reach a market capitalization of $5.5 trillion.