Latest Corporate News News
TSMC Reports Strong Q1 Results Driven by AI Demand
TSMC posted a 58% profit surge and raised its 2026 revenue outlook, highlighting resilient AI chip demand despite global tensions. Analysts note strong quarterly performance with upward guidance revision.
[14] Japanese chip suppliers slipped post-earnings.
Netflix Earnings Miss Expectations, Hastings Steps Down
Netflix shares fell nearly 10% premarket after Q2 guidance disappointed investors and co-founder Reed Hastings announced departure. The streaming giant's results triggered a negative reaction in after-hours trading.
Morningstar maintains fair value estimate for the stock.
Zip Co Shares Surge on Record Quarterly Earnings
Zip shares rocketed 11.7% to $2.29 after Q3 FY2026 results showed 22.4% TTV growth to $4B and 41.5% EBITDA rise to $65.1M. Management upgraded full-year cash EBITDA guidance to at least $260M.
The BNPL firm reported record quarterly earnings amid ASX gains.
Paladin Energy Ups Uranium Production Guidance
Paladin Energy shares rose after increasing FY2026 uranium output guidance to 4.5-4.8M pounds from 4.0-4.4M, with 3.6M pounds produced so far. The company also cut full-year capex and exploration spend.
Efficient ramp-up at LHM mine drove the positive update.
Alcoa Reports Mixed Q1 with Lower Alumina Production
Alcoa adjusted EBITDA rose 13% to $595M, but revenue fell 7% to $3.2B due to 5% alumina production drop from Cyclone Narelle. Shares made headlines amid ASX movements.
The update reflects operational challenges in commodities.
Manycore Tech Debuts Strongly in Hong Kong
Manycore Tech priced at top of range and surged on HK debut, with co-founder highlighting robotics rise in China. The debut drew attention amid positive market sentiment.
Interview emphasized company's growth potential.
Kweichow Moutai Posts First Revenue Drop
Kweichow Moutai reported its first annual sales decline since listing, hit by weak U.S. consumer and corporate demand. The baijiu giant faced challenges in a normalizing market post-Iran shock.
Results underscore broader China consumer trends.
Stock Markets Steady Amid Iran Ceasefire Optimism
Global markets traded flat to slightly higher as investors awaited Iran truce details; S&P 500 futures up 0.1%, Europe mixed. Indian Nifty50 opened above 24,200 on positive cues.
U.S. indexes hit records prior, with caution prevailing.
Oil Prices Ease as Trump Signals Iran Deal Progress
Brent crude dropped 1.4% to near $98/bbl after Trump said Iran deal 'looking very good,' easing geopolitical fears. Markets reacted to ceasefire hopes between U.S.-Iran and Israel-Lebanon.
IEA chief noted oil & gas sector recovery outlook.
European Software Stocks Rally, Utilities Slip
Software stocks extended gains in Europe while utilities fell; Stoxx 600 flat, DAX unchanged. FTSE 100 edged lower on energy slips, CAC 40 up 0.2%.
Semiconductors weighed on Dutch AEX.