Tag: science

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NetScout Posts Q3 Profit

NetScout Systems (NTCT) reported Q3 earnings of $0.94 per share, exceeding the estimate of $0.83. Revenue came in at $252 million, in line with expectations. The company expects full-year earnings in the range of $2.15 to $2.25 per share, with revenue in the range of $810 million to $820 million.

ManpowerGroup beats earnings expectations

ManpowerGroup Inc. (MAN) reported fourth-quarter earnings of $22.5 million, exceeding Wall Street expectations. Earnings per share were $1.02, above the estimate of 99 cents. Revenue was $4.4 billion, below the forecast of $4.42 billion. For the year, the company reported profit of $145.1 million, or $3.01 per share, on revenue of $17.85 billion.

Metaverse Investment: Loss or Profit?

Meta's metaverse division known as Reality Labs continues to lose billions, with losses exceeding $60 billion since 2020. Despite CEO Mark Zuckerberg's optimism about the metaverse's future, analysts question its profitability, with some suggesting that Meta's investment in AI may be a wiser choice.

Tesla Expects Capital Expenditure to Exceed $11 Billion for Three Years

Tesla projects capital expenditures to surpass $11 billion in 2023 and beyond. In 2022, the automaker spent between $6 billion and $8 billion.

Northrop Grumman Posts Quarterly Profit as Demand for Military Equipment Rises

Northrop Grumman posted a quarterly profit, as headwinds from its B-21 Raider stealth bomber program eased and rising geopolitical tensions stoked demand for its military equipment.

Economic Stagnation in Europe: Eurozone Growth Grinds to Halt

Europe's economy stagnated in Q4 2024, with zero growth due to Germany's struggles.

Deutsche Bank Plans Management, Staff Cuts to Boost Returns

Deutsche Bank to Reduce Management Roles and Cut Headcount After Higher Costs Impact Q4 Results

India's IT Minister Praises Chinese AI Startup DeepSeek for Frugal Approach

India's IT minister praises Chinese startup DeepSeek's low-cost AI model, contrasting it with India's $1.25 billion AI investment. The minister's statement targets comments by OpenAI's Sam Altman, who questioned India's ability to build a substantial AI model with a $10 million budget.

The Big Short Traders Aren't Chasing AI — They're Finding Value in Undervalued Foreign Stocks

Investors from The "Big Short" Skip AI for Emerging Market Stocks

SoftBank in Talks to Invest $15 Billion-$25 Billion in OpenAI

SoftBank in Talks to Invest Up to $25 Billion in OpenAI, Potentially Becoming Its Largest Backer