Discover Financial Services Shares Drop 3% on Q3 EPS Miss, While Revenues Beat Estimates By Investing.com

© Reuters. By Davit Kirakosyan Discover Financial Services (NYSE:) shares fell more than 3% after-hours following the company’s reported , with EPS of $3.54 coming in worse than the consensus estimate of $3.73. Revenue net of interest expense grew 25% year-over-year to $3.48 billion, beating the consensus estimate of $3.37 billion. Digital Banking segment pretax … Read more

Global IT, business revenues to weather looming recession: IDC

New Delhi, Oct 22 (IANS) Despite a looming recession, the global IT and business services revenue is expected to grow 5.7 per cent this year and 5.2 per cent in 2023, according to an IDC report. The growth outlook for Asia/Pacific was adjusted downward by roughly 10 basis points each year for the next four … Read more

Susquehanna Expects a Decline in NetApp Hybrid Cloud Revenues By Investing.com

© Reuters. By Sam Boughedda Shares of NetApp (NASDAQ:) were downgraded to Neutral from Positive at Susquehanna by an analyst on Monday. In a wide-ranging note on technology hardware stocks, the analyst said their newly introduced FY24 estimates for NetApp reflect a mid-single-digit year-over-year decline in hybrid cloud revenues, mainly driven by a decrease in product … Read more

Oracle Reports Q1 EPS Miss, While Revenues Beat Estimates By Investing.com

By Davit Kirakosyan Oracle (NYSE:) reported its , with EPS of $1.03 missing the consensus estimate of $1.08, while revenue of $11.4 billion (up 18% year-over-year) coming in better than the consensus estimate of $11.33 billion. Cloud services and license support revenues grew 14% year-over-year (up 20% in constant currency) to $8.4 billion. Cloud license … Read more