Tag: offsets

Asian chipmakers fall, TSMC down 6% as demand warning offsets strong earnings

 stock analyst  04/19/2024  0 Comments on Asian chipmakers fall, TSMC down 6% as demand warning offsets strong earnings

Investing.com– Asian chipmaking stocks fell sharply on Friday after sector major TSMC flagged a weak outlook for the semiconductor industry, even as demand from artificial intelligence helped the firm clock stronger first-quarter earnings.

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ABB shares jump as 2024 profitability outlook hike offsets Q1 revenue miss

 stock analyst  04/18/2024  0 Comments on ABB shares jump as 2024 profitability outlook hike offsets Q1 revenue miss

ABB Ltd (SIX:ABBN). (ABBNY) shares jumped more than 5% in European trading Thursday after the company hiked its profitability outlook for 2024.

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