TomTom Swings to Q2 Profit on Deep Cost Cuts as Revenue Dips
Dutch location technology firm TomTom NV reported a second-quarter net profit, as a 24% reduction in operating expenses more than compensated for a 5% decline in revenue.
Latest by Marcus Chen
Solstad Maritime Lifts 2026 EBITDA Guidance on Strong Fleet Activity
The Norwegian offshore vessel operator raised its full-year earnings forecast and declared a dividend after reporting strong second-quarter results driven by high vessel utilization.
Oracle, Micron, Airbnb Among Mizuho's Top Tech Stock Selections
Mizuho has identified seven U.S. technology stocks with "Outperform" ratings, highlighting companies poised to benefit from key trends in artificial intelligence, cloud migration, and consumer travel.
ASX 200 Gains on Resources Strength Despite Weaker Gold Prices
Australia's benchmark S&P/ASX 200 index rose 0.37% on Wednesday, with gains in the materials and mining sectors offsetting losses among gold producers as bullion prices fell.
Taiwan Weighted Index Closes Down 1.42% Led by Tech and Machinery Declines
Taiwan's benchmark stock index fell 1.42% at the close of trading on Wednesday, with significant losses in the optoelectronic and machinery sectors weighing on the market.
Barratt Redrow Shifts to Share Buybacks, Citing 36% Valuation Discount
The UK housebuilder is scrapping its ordinary dividend in favor of share repurchases as its primary capital return method, pointing to a significant widening in its share price discount to tangible net asset value.
Handelsbanken Q2 Profit Slips 5% on Squeezed Interest Income
The Swedish lender reported a 5% drop in second-quarter net profit to 5.23 billion crowns, as a significant decline in net interest income overshadowed growth in fees and commissions.
Japanese IT Stocks Tumble After IBM Warns AI Spending Is Squeezing Software Budgets
Shares of Japanese technology services firms like NEC and Fujitsu dropped after IBM's weak revenue forecast suggested that corporate spending on AI infrastructure is coming at the expense of software.
Seco Projects 25% Q3 Revenue Growth to €60 Million on Margin Strength
Italian edge AI firm Seco forecasts third-quarter revenue of approximately €60 million, a 25% year-over-year increase. The guidance follows a first-half report showing improved gross margins and growth in its recurring revenue business.