Mike Wheatley
Latest from Mike Wheatley
Strong iPhone sales help Apple return to growth, but its stock falls on cautious guidance
Apple Inc. delivered strong results for its fiscal first quarter today, notably cutting a streak of four successive quarters of revenue declines. However, with sales falling more than 13% in the all-important Chinese market, and a warning of weakness in iPhone sales over the current quarter, the company’s stock dipped in extended trading. The iPhone ...
Amazon’s stock rises after it trounces analysts’ earnings expectations
Shares of Amazon.com Inc. trended higher in the after-hours session today after the company delivered fourth-quarter financial results that sailed past analysts’ expectations. The company followed its results with strong guidance for the current quarter, further boosting investors’ optimism. Amazon easily topped the Street’s expectations on earnings, delivering a profit before certain costs such as stock ...
Allen Institute for AI launches open and transparent OLMo large language model
The Allen Institute for AI, a nonprofit organization created by the late Microsoft Corp. co-founder Paul Allen, said today it’s bringing more transparency into the generative artificial intelligence industry with what it says is the world’s most open large language model. By open-sourcing the OLMo framework, AI2 says, it’s giving AI researchers and developers the ...
Neurelo launches with $5M in funding to simplify database connectivity headaches
Neurelo Inc., a startup that has created a cloud-based data application programming interface platform for PostgreSQL, MongoDB and MySQL databases, launched today armed with $5 million in seed funding. The round was led by Foundation Capital and saw participation from Cortical Ventures, Secure Octane Investments and Aviso Ventures. The startup has created what it says is ...
Qualcomm beats the Street’s estimates but warns of slow smartphone recovery
Qualcomm Inc. blew past Wall Street’s quarterly earnings and revenue forecasts as it delivered its fiscal first-quarter 2024 results, but its stock traded lower after the smartphone chipmaker issued cautious guidance. The company reported earnings before certain costs such as stock compensation of $2.75 per share on revenue of $9.94 billion, up 5% from a year ...
Samsung records lowest annual profit in more than 15 years
Shares of Samsung Electronics Co. Ltd. were trading lower late today after the company delivered its weakest annual earnings in more than a decade, with its operating profit falling by 3% from a year earlier. The company reported fourth-quarter revenue of 67.8 trillion won (about $51 billion), down 4% from a year earlier and just ...
Light guidance weighs heavily on AMD, sending its stock lower
Shares of the chipmaker Advanced Micro Devices Inc. traded lower in late trading today after the company slightly disappointing fourth-quarter earnings results and offered a forecast that came up light. The company’s stock fell more than 6% in the extended trading session, as investors ignored a positive update regarding the early adoption of its newest ...
Alphabet’s stock falls as advertising revenue falls short of Wall Street’s targets
Shares of Alphabet Inc. fell more than 5% in after-hours trading today after it reported a solid fourth-quarter earnings beat but missed expectations on advertising revenue. The company reported its fastest quarter in terms of revenue growth since early 2022, with sales rising by 13% from a year earlier, to $86.31 billion. Earnings before certain ...
SAP announces new migration program to help ERP customers embrace the cloud
Information technology software giant SAP SE said today it’s launching a new RISE with SAP Migration and Modernization program to help companies move their enterprise resource planning environments to the cloud, where they can benefit from an increased pace and level of innovation. The new program is aimed at addressing two of the key issues companies ...
Super Micro’s stock pops on monster earnings and revenue outlook
Shares of the computer server maker Super Micro Computer Inc. rallied in late trading today after the company beat Wall Street’s targets with its second-quarter financial results and followed up with a stunning forecast that blew analysts’ targets out of the water. The company reported net income for the quarter of $296 million, up from a ...