#earnngreport

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    BROADCOM BEATS EARNINGS EXPECTATIONS, MISSES SALES OUTLOOK; AI REVENUE TARGET RAISED

    Broadcom (AVGO), a major player in the semiconductor and infrastructure software industry, reported fiscal third-quarter results that narrowly surpassed Wall Street's expectations but issued a weaker-than-anticipated sales forecast for the upcoming quarter. The company reported adjusted earnings...
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    Snowflake Reports Widening Losses, Sending Stock Downward

    Snowflake's Performance Overview: Revenue Growth Surpasses Expectations: In the second quarter, Snowflake's revenue surged 30% year-over-year, reaching $868.82 million. This impressive growth exceeded analysts' projections, highlighting strong demand for the company's data cloud services...
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    Snowflake Reports Widening Losses, Sending Stock Downward

    Snowflake's Performance Overview: Revenue Growth Surpasses Expectations: In the second quarter, Snowflake's revenue surged 30% year-over-year, reaching $868.82 million. This impressive growth exceeded analysts' projections, highlighting strong demand for the company's data cloud services...
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    PAYPAL LIFTS 2024 PROFIT FORECAST FOR SECOND TIME AS SPENDING HOLDS UP, MARGINS IMPROVE

    Overview: PayPal (PYPL) raised its forecast for full-year adjusted profit for the second time in 2024, betting on resilient consumer spending during the back-to-school and upcoming holiday shopping seasons. The company also improved margins through significant cost-cutting measures. Stock...
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