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Huawei Technologies Co. and Xiaomi Corp. continue to drive China’s smartphone market with Huawei reporting a 90% sales growth and Xiaomi a 33% sales jump in October. Xiaomi also posted its first revenue gain in almost two years, with a 0.6% YoY increase in Q3 revenue. Zoom's Q3 revenue was up 3.2% YoY to $1.14B, with enterprise revenue up 7.5% to $661M, and an EPS of $1.29. The company also saw its customer count increase by 5% and improved its revenue forecast for the rest of 2023. Baidu reported Q3 revenue up 6% YoY to ~$4.8B, beating estimates, and a ~$940M net income, and reiterated its commitment to invest in AI to power future growth.
Zoom lifts revenue forecasts as paying customers take advantage of AI tools. @Derek_duPreez looks at its Q3 results and the impact AI is having: https://t.co/YscFxhf8xU https://t.co/x4KNm21BNP
Chinese tech giant Baidu beat third-quarter revenue estimates and reaffirmed its commitment to invest in artificial intelligence to power future growth https://t.co/68n9JWQMKk https://t.co/Njl0FFcH0o
Chinese tech giant #Baidu reported better-than-expected Q3 earnings, reaffirmed investment in AI https://t.co/t1ISK9deAO
WATCH: Chinese tech giant Baidu beat third-quarter revenue estimates and reaffirmed its commitment to invest in artificial intelligence to power future growth https://t.co/vWE989y4kQ https://t.co/kxOxwLVOtK
Chinese tech giant Baidu beat third-quarter revenue estimates and reaffirmed its commitment to invest in artificial intelligence to power future growth https://t.co/68n9JWQeUM https://t.co/uVACNxQSTs
Baidu beats Q3 revenue estimates, reiterates AI investment plans to spur growth https://t.co/DWTVvj0Zun
Zoom has improved its outlook for the rest of 2023, thanks to a steady quarter that saw the company’s revenue and profits rise. https://t.co/2Fnq5j8Uzz
Baidu beats Q3 revenue estimates, reiterates AI investment plans to spur growth https://t.co/5CTylv47JY https://t.co/4KeT11zjuR
Baidu reports Q3 revenue up 6% YoY to ~$4.8B and a ~$940M net income, both above est., as its new AI tools shield the company from China's economic downturn (@pingroma / Bloomberg) https://t.co/jlAk2K6oMc 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/Ep0lMyk2Xi
Zoom profits rise as it focuses on AI https://t.co/2Fnq5j9sp7
"with Huawei back in the game and Xiaomi eyeing pricier phones, the battle for customers could unfold differently this cycle…Particularly in China, Apple should be looking over its shoulder." @jackycwong https://t.co/lBjxpZ5JcJ https://t.co/lBjxpZ5JcJ
Customer growth helps Zoom surpass revenue expectations https://t.co/ulhGdL4SvS
Zoom reports Q3 revenue up 3.2% YoY to $1.14B, vs. $1.12B est., enterprise revenue up 7.5% to $661M, above estimates, and enterprise customers up 5% to 219,700 (@brodyford_ / Bloomberg) https://t.co/KK6ltXSKz6 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/pfC0iiJS0p
$ZM | Zoom Video Q3 Earnings: EPS And Revenue Beat, Customers Count Up 5%, Upbeat Outlook And More Zoom beat earnings estimates on both the top and bottom line. "Our strong performance across a number of metrics has enabled us to increase our full year outlook," founder and CEO… https://t.co/ZXjfrrkEb0 https://t.co/zzDghamuHi
$ZM Zoom Q3 FY24 (ending Oct. 2023). • Enterprise DBNE 105% TTM (-4pp Q/Q). • Enterprise customers +5% Y/Y to 220K. • Customers > $100K TTM +14% Y/Y to 3.7K. • Revenue +3% Y/Y to $1,137M ($20M beat). • Non-GAAP EPS $1.29 ($0.21 beat). • FY24 Guidance ~$4,510M ($10M beat). https://t.co/z9q3MANMgn
Zoom beats earnings expectations $ZM -Sees 4Q EPS 1.13-1.15 bs est 1.09 -Sees FY EPS 4.93-4.95 vs est 4.65 -Sees 4Q revenue meeting expectations at 1.13bn -Sees FY rev at 4.51bn vs est 4.495bn -Enter customers stable at 219.7k vs est 220.9k -Shares up 7%
Zoom, $ZM, earnings: - 3Q revenue: $1.14B, est: $1.12B - 3Q Adj EPS: $1.29, est: $1.10
$ZM | Zoom Video Q3 Earnings: - EPS $1.29 (Est. $1.08) - Sales $1.14B (Est. $1.12B) https://t.co/db56ZBgLGr
ZOOM $ZM JUST REPORTED EARNINGS EPS of $1.29 beating expectations of $1.09 Revenue of $1.14B beating expectations of $1.12B
Xiaomi reports Q3 revenue up 0.6% YoY to ~$9.9B, its first gain in almost two years, and a ~$684M net income, both above est., buoyed by rising smartphone sales (Bloomberg) https://t.co/bzMT2IFdvb 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/PO7mMW2Qib
China's Xiaomi posts its first revenue gain in almost two years, a welcome boost for a smartphone maker that’s begun aggressively attacking its rivals with higher-end models https://t.co/exmwJ1O6Sl
China's Xiaomi posts its first revenue gain in almost two years, a welcome boost for a smartphone maker that’s begun aggressively attacking its rivals with higher-end models https://t.co/DmFe0BWH3U
Zoom’s Earnings Day Is Here. The Growth Rate Is the Issue. https://t.co/Yml9yWKFFN
Huawei is giving Apple stiff competition in China. Suppliers to watch https://t.co/K4GAVXQLQS
Zoom Stock Scores an Upgrade Ahead of Earnings. Analyst Cites More Stable Usage. https://t.co/ZYLBVdg1wT
SCMP headline: "Apple cedes territory to Huawei, Xiaomi, as China smartphone sales approach recovery in October:" "Huawei’s smartphone sales in China rose 90 per cent year-on-year in the first four weeks of October, while Xiaomi’s jumped 33 per cent" https://t.co/pO2bchMvkt
https://t.co/yYbBHSkIK6 reports Q3 revenue up 1.7% YoY to ~$33.98B, beating ~$33.81B est., and net profit up 33% YoY to ~$1.09B, beating ~$952M est., aided by cost controls (@benottowsj / Wall Street Journal) https://t.co/MkYXnOTKi1 https://t.co/e9ZiavDMab
WATCH: In a welcome news for Huawei, which has spent years struggling with US sanctions, the tech giant reported strong sales growth of 83%, boosting China's October smartphone sales https://t.co/FBeUww9wSW https://t.co/nwg4Qrk6qN
In a welcome news for Huawei, which has spent years struggling with US sanctions, the tech giant reported strong sales growth of 83%, boosting China's October smartphone sales https://t.co/RhcDR2yEyw https://t.co/2ROfJrO8ML
Huawei Technologies Co. and Xiaomi Corp. led a resurgence in China’s smartphone market, which shook off oversupply issues and an ailing economy to register double-digit growth in October. https://t.co/1M5G7VQkJI