In 2024, DBS Bank, Singapore’s largest financial institution by assets, reported record-breaking net profits, signaling a strong financial performance. The figures for the fiscal year ending December 31 showed an impressive 11% growth in net profit, totaling SG$11.4 billion (approximately $8.4 billion), alongside a 10% increase in revenue, which reached SG$22.3 billion. Such achievements often
Earnings
In the realm of digital health, Doximity has emerged as a noteworthy contender, showcasing its strength with a remarkable surge in stock prices following the announcement of its third-quarter fiscal 2025 results. The company reported earnings per share of 45 cents, significantly outpacing the anticipated 34 cents, while its revenue totaled $168.6 million—also exceeding the
Affirm Holdings Inc.’s recent financial results have taken the markets by surprise, exhibiting a robust 22% surge in share prices on Friday. This remarkable increase followed the company’s impressive fiscal second-quarter outcomes, which exceeded Wall Street expectations. Affirm reported earnings of 23 cents per share, shattering the consensus estimate of a 15-cent loss as projected
As we progress into 2025, the competitive landscape of artificial intelligence (AI) is witnessing unprecedented investment from some of the largest technology companies in the world. The demand for AI technologies continues to surge, compelling industry leaders like Meta, Amazon, Alphabet, and Microsoft to allocate a staggering amount of resources—estimates suggest a combined spending of
Affirm, a prominent player in the buy now, pay later (BNPL) sector, recently showcased impressive financial results for its fiscal second quarter, leading to a notable upward shift of more than 15% in its share value during after-hours trading on Thursday. This leap can be attributed to figures that not only outpaced analyst expectations but
In recent developments, Strategy, formerly known as MicroStrategy, has made significant strides in its ambitious bitcoin investment strategy. Recently, the company announced that it has reached nearly halfway to its capital raising goal, buoyed by a buying frenzy following the election rally. Since the close of the third quarter, Strategy has acquired an impressive 218,887
TotalEnergies, one of France’s leading oil and gas companies, confronted a significant downturn in earnings for the full year of 2024, reflecting a complex and evolving energy market. The latest financial report indicated that the company recorded an adjusted net income of $18.3 billion—down 21% from the previous year’s figure of $23.2 billion, according to
Nintendo’s financial performance for the fiscal third quarter, ending December 31, showcased a notable decline that raises questions about the company’s trajectory as it prepares to unveil its much-anticipated successor to the Switch console. Reporting revenue of 432.92 billion Japanese yen (approximately $2.8 billion), Nintendo fell considerably short of analyst expectations, which had forecasted revenue
The financial technology landscape is constantly evolving, with numerous players vying for dominance. Among them, GoCardless has recently demonstrated remarkable resilience and strategic maneuvering. The London-based startup, which specializes in simplifying recurring payment collections for businesses, reported a significant reduction in its financial losses during the fiscal year ending June 30, 2024. This article delves
Atlassian, the well-known software powerhouse recognized for tools like Trello, has recently reported impressive fiscal second-quarter results that far surpass Wall Street predictions. Following the announcement, shares surged 18%, reflected in the stock’s movement towards a new 52-week peak, categorizing this day as one of its best performances since November. The company’s adjusted earnings reached