European chipmaker STMicroelectronics on Thursday lowered its full-year sales guidance, the latest semiconductor company to struggle with weakening demand from carmakers and a further decline in orders from laptop and phone companies.The warning came after the company posted lower-than-expected first-quarter results.
Open FlipMatt McClain/The Washington Post/GettyMeta reported first-quarter earnings on Wednesday. Mark Zuckerberg talked about Meta's plans to invest more in AI.Shares tumbled 17% in after-hours trading.Meta reported first-quarter earnings on Wednesday after the closing bell.The company reported revenue and earnings-per-share that beat consensus analyst estimates.
Open FlipMaggi-maker Nestle India on Thursday announced a dividend of Rs 8.50 per share while releasing its March quarter financial numbers. The MNC FMCG firm has fixed July 15 as the record date for determining shareholder eligibility while the payment would be done on August 2.“The Board of Directors have recommended a final dividend for the fifteen months financial year ended 31 March 2024.
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