The company will announce its second fiscal quarter earnings after the market closes on Thursday.
On Friday, Snap stock surged by almost 30% in trading following the Snapchat parent company's report of first-quarter earnings that exceeded expectations by a significant margin. With revenue growth of 21%, one analyst described it as a notable resurgence for the social media enterprise.
On Wednesday, Samsung reported its fourth consecutive quarter of declining profits, marking the end of a challenging year that also saw it relinquish its title as the world's leading smartphone manufacturer.
UK vinyl LP sales reached their highest level since 1990, with 5.9 million units sold in 2023, marking a 16th consecutive year of growth.
Mattel is reaffirming its commitment to expanding beyond the traditional toy market following the huge success of the Barbie movie. The California-based company reported a 12% decline in sales for the three months ending in June. However, despite the drop in sales, Mattel remains optimistic about its future prospects.
The US has banned the sale and import of new telecom equipment from five Chinese companies, including Huawei and ZTE, over national security concerns. #huawei #Ban #US #Tech