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AMD Q4 Results Top Expectations as Strong Chip Demand Bolsters Growth By Investing.com

By Yasin Ebrahim Advanced Micro Devices jumped in after-hours trade on Tuesday after reporting better-than-expected fourth-quarter results on strong demand for its chips amid ongoing supply shortages. Advanced Micro Devices Inc (NASDAQ:AMD) shares gained 2.21% in after-hours trade following the report. AMD announced earnings per share of $0.52 on revenue of $3.24 billion. Analysts polled by Investing.com anticipated EPS of $0.4704 on revenue...

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AMD Earnings, Revenue beat in Q4 By Investing.com

AMD reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. AMD announced earnings per share of $0.52 on revenue of $3.24B. Analysts polled by Investing.com anticipated EPS of $0.4704 on revenue of $3.02B. AMD shares are up 3% from the beginning of the year and are trading at $96.47 , down-from-52-week-high.They are under-performing...

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Microsoft’s strength in cloud computing boosts earnings, shares rise By Reuters

(Reuters) - Microsoft Corp (NASDAQ:MSFT) on Tuesday reported its Azure cloud computing services grew 50%, as the global pandemic benefited the software maker's investment on working and learning from home. The company's shares rose 6% in extended trading after gaining about 41% in 2020 as COVID-19 shifted computing to areas where the software maker has bet big. The shift to...

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Report finds unwed mothers mistreated at homes in British-ruled Northern Ireland By Reuters

DUBLIN (Reuters) - Unmarried mothers in British-ruled Northern Ireland suffered cruel treatment in homes run by the Protestant and Catholic Churches, a report found on Tuesday, confirming that abuse for which Ireland apologized earlier this month was rife on both sides of the border. Arlene Foster, first minister in the Northern Ireland government, said the accounts of cold and uncaring treatment were...

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UK airline bosses criticise hotel quarantine plan, seek support By Reuters

LONDON (Reuters) - The bosses of airlines including British Airways, Virgin Atlantic and easyJet (LON:EZJ) criticised on Tuesday a possible plan for mandatory quarantine in hotels for some or all arrivals to Britain and called for a support package. The government is due to announce soon whether it will bring in such measures, the country's coronavirus vaccination minister Nadhim Zahawi said on...

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Tesla’s report could trigger $7 billion payout to Musk By Reuters

By Noel Randewich (Reuters) - Tesla's quarterly report on Wednesday could trigger a $7 billion options payout to Chief Executive Elon Musk, while owners of the electric car maker's soaring stock are keen to hear the company's target for 2021 deliveries. Tesla posts its December quarter results following a nearly 700% surge in its stock over the past 12 months that...

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Canada shares lower at close of trade; S&P/TSX Composite down 0.59% By Investing.com

Investing.com – Canada equities were lower at the close on Tuesday, as losses in the Energy, IT and Consumer Discretionary sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite fell 0.59%. The biggest gainers of the session on the S&P/TSX Composite were Aphria Inc (TSX:APHA), which rose 8.23% or 1.260 points to trade at 16.570 at...

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IMF Boosts World Growth Outlook as Vaccines Outweigh Uncertainty By Bloomberg

(Bloomberg) -- The International Monetary Fund raised its forecast for global growth this year, betting the rollout of coronavirus vaccines and more fiscal stimulus will offset the immediate challenge posed by the resurgent pandemic. Global gross domestic product will soar 5.5% this year, faster than the 5.2% projected in October, the fund said Tuesday. It credited improvement in the U.S. for much of...

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