FourthQuarter

Enterprise Spending Boosts Cisco’s Fourth-Quarter Revenue Beyond Analysts’ Expectations

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Mexico City, Mexico – Cisco Systems, a leading network equipment maker, has projected fourth-quarter revenue that surpasses analysts’ conservative estimates, riding on an uptick in enterprise spending and improved supply chain conditions. The company’s shift away from its traditional networking equipment business has proven fruitful, as it navigates through past challenges like supply chain disruptions and decreased post-pandemic demands. As the global business landscape evolves, Cisco has witnessed a surge in spending, particularly in areas …

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Block’s Fourth-Quarter Earnings Report: $207 Million Gain on Bitcoin Holdings

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San Francisco, CA – Fintech company Block has reported significant gains in its bitcoin holdings in its latest earnings report. The report, released Thursday, revealed a remeasurement gain of $207 million on the company’s bitcoin holdings as of December 31, 2023. Block currently holds approximately 8,038 BTC for investment purposes with a fair value of $340 million. Owned by Jack Dorsey, the company made $66 million in gross profit on bitcoin sales through its Cash …

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NVIDIA’s Fourth-Quarter Earnings Report: Can the Tech Giant Sustain Its Phenomenal Stock Surge Amid AI Gold Rush?

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SANTA CLARA, Calif. – Nvidia, the AI industry’s shining star, is set to release its fourth-quarter earnings, marking what could be a crucial moment in the season’s financial reports. As a major player in the AI gold rush, the chipmaker’s GPUs are instrumental in powering large-language AI models like ChatGPT. Amid an elite group of Big Tech stocks known as the “Magnificent 7”, Nvidia has set itself apart, with its shares skyrocketing 230% over the …

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Thailand’s Fourth-Quarter GDP Unexpectedly Contracts: Will Interest Rates Drop?

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Bangkok, Thailand – The unexpected contraction of Thailand’s economy in the fourth quarter of last year is leading to speculation about potential interest rate cuts in the near future. According to data, the country’s GDP shrank by 0.6% quarter over quarter, a significant difference from the 0.1% expansion that was expected. Additionally, the year-on-year growth of 1.7% fell short of initial estimates of 2.5%. These numbers have raised concerns about the need for a rate …

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Snap Stock Sinks 29.8% Following 2023 Fourth-Quarter Revenue Miss Despite Profit Beat

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LOS ANGELES, CA – Shares of Snap, the social media platform known for its Snapchat app, took a dive after reporting its fourth-quarter financial results. Despite exceeding adjusted profit estimates, the company fell short of revenue targets, prompting a 29.8% drop in its stock price. Snap faces tough competition from Meta Platforms, TikTok, and Alphabet’s YouTube short-form video services. The company’s daily active user growth slowed in the December quarter, adding 8 million users, below …

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Chevron’s Fourth-Quarter Profits Plummet 40% to $21.3B – Despite Record Cash Return to Shareholders in 2023!

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A Chevron gas station sign is shown in Austin, Texas, on October 23, 2023. Despite a significant drop in profits, Chevron managed to return a record amount of cash to its shareholders in 2023. The oil major returned $23.6 billion to investors by paying out $11.3 billion in dividends and buying back $14.9 billion in shares last year. This was achieved as the company’s profit fell about 40% to $21.3 billion from $35.5 billion in …

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