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  • Cloudera's adjusted profit, revenue beats expectations as merger deal remains on track

    Cloudera Inc. , which remains on track to be acquired by Clayton, Dubilier & Rice LLC and KKR & Co. this year, reported a fiscal second-quarter adjusted profit and revenue that beat expectations, citing "strong" annualized recurring revenue (ARR) growth. The enterprise data cloud company's stock was little changed in premarket trading. The net loss for the quarter to July 31 narrowed to $33.2 million, or 11 cents a share, from $36.0 million, or 12 cents a share, in the year-ago period....
  • Ciena's stock jumps after profit beats expectations amid surprise revenue growth

    Shares of Ciena Corp. charged up 5.8% in premarket trading Thursday, after the optical networking company reported fiscal third-quarter profit that beat expectations and a surprise growth in revenue, and provided an upbeat outlook citing a robust demand environment. Net income for the quarter to July 31 rose to $238.2 million, or $1.52 a share, from $142.3 million, or 91 cents a share, in the year-ago period. Excluding non-recurring items, such as a $124.2 million tax benefit related to a...
  • Hibbett's stock shoots up into record territory after profit doubled what was expected and outlook was raised

    Shares of Hibbett Inc. shot up 5.1% into record territory in premarket trading Friday, after the athletic apparel retailer reported fiscal second-quarter profit that was double what was expected has sales rose well above forecast, and raised its full-year outlook. Net income for the quarter to July 31 rose to $46.7 million, or $2.86 a share, from $40.4 million, or $2.38 a share, in the year-ago period. The FactSet consensus for earnings per share was $1.43. Net sales fell 5.3% to $419.3...
  • ZTE profit more than doubles in H1

    China-based equipment vendor ZTE recorded robust profit growth in the first half of 2021, with

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  • Academy Sports earnings beat expectations, guidance raised

    Academy Sports & Outdoors Inc. stock rose 1.4% after the retailer reported second-quarter earnings that Chief Executive Ken Hicks called the "best" in the company's history and raised its full-year guidance. Net income totaled $190.5 million, or $1.99, compared with $167.7 million, or $2.25 per share, last year. Adjusted EPS of $2.34 beat the FactSet consensus for $1.42. Sales totaled $1.792 billion, up from $1.606 billion last year and also ahead of the FactSet consensus for $1.658...
  • Asana beats expectations for Q2, reports record revenue

    Asana brought in a revenue of $89.5 million in Q2, an increase of 72% year over year.

  • Amid Sanctions, Taliban Expected To Double Down On Drug Trafficking

    Amid Sanctions, Taliban Expected To Double Down On Drug Trafficking By Emel Akan of The Epoch Times As the world watches events in Afghanistan unfold, many have started to wonder what the Taliban rule means for the future of the country’s opium production. Afghanistan is the world’s largest producer of the opium poppy, which is the raw material for heroin, one of the world’s deadliest drugs. The country accounted for nearly 83 percent of global opium production between 2015 and...