Yango Group, a UAE-based technology company, has entered the Pakistani startup ecosystem with its first investment in the country, acquiring a stake in Trukkr, a fintech platform focused on digitizing financial services for the logistics sector. The investment, made through Yango Ventures, will enable Trukkr to expand its operations, enhance its credit-scoring capabilities, and improve…
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International Bancshares Corporation posts higher Q2 earnings on strong loan growth, interest income
For the six months, net income rose to $197.0 million compared to $194.3 million last year LAREDO: International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, reported second-quarter net income of $100.1 million, or $1.61 per diluted share, up 3.2% from $97.0 million, or $1.56 per diluted share, in the…
Honda’s Q1 operating profit plunges 50% amid U.S. tariffs, strong yen
TOKYO: Honda Motor Co. reported a 50% drop in first-quarter operating profit on Wednesday, missing analyst expectations as U.S. auto tariffs and a stronger yen weighed on earnings. The Japanese automaker posted operating profit of 244.17 billion yen ($1.65 billion) for the quarter ended June 30, falling short of the 323.48 billion yen average estimate…
Douglas Emmett swings to Q2 loss, announces plan for major office-to-residential conversion
REIT reports higher revenue but lower funds from operations, narrows 2025 guidance Douglas Emmett Inc. (DEI.N) on Wednesday reported a net loss of $6 million for the second quarter of 2025, a shift from the $11 million net income in the same period last year. Revenues for the quarter were $252 million, an increase from…
Nine Energy Service reports Q2 revenue at upper end of guidance despite market headwinds
The company posted a net loss of $10.4 million HOUSTON: Nine Energy Service, Inc. (NYSE: NINE) reported second-quarter 2025 revenue of $147.3 million, landing at the upper end of its original guidance range of $138.0 to $148.0 million, despite significant rig declines and commodity price pressures in the U.S. land market. The company posted a…
AMD Misses Earnings Estimates Despite Strong AI and Gaming Growth
SAN FRANCISCO: Advanced Micro Devices Inc. reported second-quarter earnings Tuesday that narrowly missed Wall Street expectations, sending shares down about 4% in after-hours trading. The chipmaker posted adjusted earnings per share of 48 cents, just below the 49 cents forecast by LSEG. Revenue came in at $7.69 billion, beating the $7.42 billion estimate. For the…
Snap shares drop after missing revenue, advertising targets
Snap’s revenue for the quarter was $1.34 billion, just below the $1.35 billion anticipated by analysts polled by LSEG SAN FRANCISCO: Snap Inc. shares dropped 15% Tuesday after the company reported second-quarter earnings that fell short of revenue and key advertising targets, even as it added more daily users than expected. The company’s global average…
Super Micro shares slide on weak Q4 results and guidance
Super Micro shares tumble 15% after missing Q4 estimates, issuing soft outlook NEW YORK: Shares of Super Micro Computer (SMCI.O) fell 15% in after-hours trading on Tuesday after the server manufacturer posted weaker-than-expected fiscal fourth-quarter results and issued tepid guidance for the current quarter. The company reported adjusted earnings of 41 cents per share, missing…
Axon shares surge 14% as strong demand drives earnings beat and upgraded outlook
Axon posted adjusted earnings of $2.12 per share for the quarter, beating Wall Street’s estimate of $1.46 per share NEW YORK: Axon Enterprise Inc. saw its stock jump 14% Tuesday after the TASER and security technology maker reported stronger-than-expected earnings and raised its full-year revenue guidance, citing surging demand for its advanced security solutions. The…
Bank of the James reports Q2 earnings surge; Retires $10 million in debt
Lynchburg-based financial services firm posted net income of $2.70 million, or $0.60 per share, for the three months ended June 30 LYNCHBURG: Bank of the James Financial Group Inc. (NASDAQ: BOTJ), the parent company of Bank of the James and investment advisory firm Pettyjohn, Wood & White Inc., reported a sharp rise in second-quarter earnings,…
Berkshire Hathaway posts dip in Q2 earnings, warns of tariff fallout
OMAHA: Berkshire Hathaway reported a slight decline in second-quarter operating earnings Saturday, as Warren Buffett’s conglomerate flagged growing risks from escalating U.S. tariffs. Operating profit from the company’s core businesses — including insurance, railroads, energy and retail — fell 4% year-over-year to $11.16 billion. The dip was largely driven by weaker insurance underwriting, though other…
Amazon’s AWS margins slide to lowest level since 2023
Amazon’s online store sales rose 11% to $61.5 billion, while advertising revenue jumped 23% to $15.7 billion SEATTLE: Amazon Web Services (AWS) reported its lowest profit margins since late 2023, raising concerns among investors about the tech giant’s ability to maintain growth in its cloud computing division. Amazon said AWS operating margins fell to 32.9%…