Morgan Stanley analysts said channel checks showed the first-quarter performance was largely in line with expectations but a pushout of deals will likely impact second-quarter performance.
Ahead of the markets opening on Wednesday, Nokia also announced it struck a deal with India’s second largest telecom company, Bharti Airtel, to expand core network collaboration to speed up the launch of new 5G services.
Adjusted earnings came in at $0.04 per share against the expectation of a $0.06 per share loss. The company had an adjusted loss of $0.20 per share in the year-ago quarter.
The sector's recent slide follows Peter Marks' resignation last week as the Food and Drug Administration's top vaccine regulator following a clash with Kennedy.
The brokerage said that Cameco, an integrated nuclear company, has several near-term and long-term catalysts that would enable a re-rating of the stock.
Roblox said the partnership with Google is a foundational element in its advertising vision, enabling it to quickly scale its Rewarded Video ads and other immersive ads offerings.
Cosmetics giant faces accusations of defrauding shareholders by concealing its overdependence on improper gray-market sales in China, leading to financial damages.
The company also acquired SAIC’s 24.8% stake in Super Photonics Xiamen for $6.8 million in this period.
Augmex, a Netherlands-based company, will integrate its software solutions with Vuzix’s smart glasses for its supply chain customers in the UK and Europe.
Meta is set to ramp up capital spending by 50% to $60 billion to $65 billion in 2025, with the bulk of the expenditure growth going into increased generative AI efforts and the core business.
