Shares of streaming giant Netflix Inc. fell 9% in extended trading on Wall Street on Thursday, July 17, after it warned of revenue growth slowing for the second quarter in a row and with its second quarter results also ending in disappointment for Wall Street. Netflix reported revenue of $12.56 billion for the second quarter,…
US markets ended lower on Thursday, July 17, as the sell-off in chips stocks extended for the second day running and a steep bout of selling in Google-parent Alphabet, dragged the Dow Jones down as well. The Dow Jones fell 400 points from the highs of the day to end with losses of 100 points…
Bengaluru-based IT services provider Wipro Ltd. expects constant currency growth for the September quarter to be between -1.5% to 0.5% on a sequential basis. A CNBC-TV18 poll had projected this guidance to be between a negative 2% to positive 2%. For the June quarter, Wipro reported Constant Currency revenue growth of -1.2% during the quarter,…
GNA Axles Ltd reported a 66.5% year-on-year increase in consolidated profit after tax (PAT) to ₹38.27 crore for the quarter ended June 30, 2026, driven by higher revenue even as total expenses rose during the period. Revenue from operations increased 36.7% to ₹470.44 crore from ₹344.21 crore in the corresponding quarter last year. Total income…
Solar glass manufacturer Borosil Renewables reported a strong turnaround in its June quarter earnings, posting a net profit of ₹86.8 crore compared with a net loss of ₹166.5 crore in the corresponding quarter last year. Revenue from operations increased 17.1% year-on-year to ₹405.7 crore from ₹346.6 crore. Operating performance also strengthened during the quarter, with…
Corporate India’s June quarter earnings season gathered momentum with a packed slate of results. While BHEL returned to profit, Polycab beat estimates…Read More 1/13 BHEL | The PSU returned to profit in Q1 FY27, reporting a net profit of ₹382 crore against a ₹454 crore loss a year ago, aided by a 40% YoY increase…
Asset and wealth management firm 360 One WAM Ltd on Thursday (July 16) reported a 14.8% year-on-year rise in net profit for the first quarter, with earnings increasing to ₹330 crore from ₹287 crore in the corresponding period last year. The company’s revenue for the quarter grew 24.2% year-on-year to ₹822 crore, compared with ₹662…
Investors chasing stocks purely on the back of green hydrogen may want to reconsider, according to Sumit Kishore, Managing Director of Power & Infrastructure at Axis Capital. Speaking on a CNBC-TV18 Energy Forum panel, Kishore said the segment is too small a part of listed companies’ overall businesses to justify such a bet, and instead…
Filings for unemployment benefits fell last week to the lowest level in 10 weeks as US layoffs remain historically low. The number of Americans applying for jobless aid in the week ending July 11 dropped by 8,000 to 208,000, the Labor Department reported Thursday. That’s well below the 219,000 new applications forecast by analysts surveyed…
JPMorgan’s call falls in line with consensus on the Street. Of the 19 analysts covering BlackRock, 16 have a buy or strong buy rating on the stock, LSEG data shows. BlackRock stock performance should catch up to its strong fundamentals, making it an attractive play for investors, according to JPMorgan. Continue Reading with CNBC-TV18 Access…
