Feb 17 (Reuters) – Defense contractor Leidos Holdings reported fourth-quarter revenue below Wall Street estimates as the six-week U.S. government shutdown last year hit the company’s orders. The shutdown, the longest in the country’s history, ended in November after severely disrupting government operations and affecting contractors like Leidos, which provides IT, weapons and other services…
With a market capitalization of $14.1 billion, Avery Dennison Corporation (AVY) is a global materials science and digital identification solutions company that provides pressure-sensitive label materials, high-performance tapes, graphic and reflective products, and information and branding solutions across multiple industries. The company serves markets around the world, including retail, apparel, logistics, food, pharmaceuticals and automotive….
By Juby Babu (Reuters) -Super Micro Computer missed Wall Street estimates for quarterly earnings and revenue on Tuesday, hurt by a change in delivery schedules for big artificial intelligence deals, sending shares of the server maker down more than 8% in extended trading. The company had warned that “design improvements” had pushed some of the…
In its latest quarterly report, Nike (NKE) delivered better-than-expected sales numbers but missed Wall Street’s earnings estimates, causing Nike’s stock value to drop. The company faced challenges that included lower gross margins due to rising costs, high freight expenses, increased markdowns and exchange rate fluctuations. However, Nike’s revenue of $12.83 billion exceeded expectations. While concerns…
By Shashwat Chauhan (Reuters) – Shares of data storage companies such as Seagate and Western Digital have far outperformed the broader market this year, driven by staggering demand for hard drives in the global race to expand AI-related infrastructure. Both Seagate and Western Digital shares were trading at record levels, having risen more than 200%…
(Reuters) – Cybersecurity firm F5 on Monday forecast full-year revenue below Wall Street estimates, warning that a recent systems breach that raised alarm about potential risks to U.S. and U.K. government systems would hurt demand for its services. Shares of the company, which services most Fortune 500 companies in some capacity, fell 5.8% in after-hours…
