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Trimble forecasts upbeat annual profit, revenue on strong software demand
Reuters· 2026-02-10 13:44
Core Insights - Trimble forecasts annual revenue and earnings above Wall Street estimates, driven by increased demand from its strategy of bundling navigation products with software solutions for various industries [1] Group 1: Financial Performance - The company anticipates higher annual revenue and earnings, indicating strong market performance and effective strategic initiatives [1] Group 2: Strategic Initiatives - Trimble's strategy involves bundling navigation products with software solutions, which is expected to enhance demand across different sectors [1]
US retail sales unexpectedly flat in December
Reuters· 2026-02-10 13:43
U.S. retail sales were unexpectedly unchanged in December, putting consumer spending and the overall economy on a slower growth path heading into the new year. ...
VW's Seat says Cupra Tavascan model spared from EU duties on Chinese EV
Reuters· 2026-02-10 13:33
The European Commission has approved a request by Volkswagen's CUPRA brand to free its Tavascan SUV coupe, which is made in China and shipped to Europe, from import tariffs in exchange for a minimum price model, a company spokesperson said on Tuesday. ...
Datadog beats quarterly results estimates on AI-driven demand for cloud security
Reuters· 2026-02-10 13:28
Core Insights - Datadog exceeded Wall Street expectations for its fourth-quarter results, driven by increased adoption of artificial intelligence which boosted demand for its cloud security products [1] Group 1 - The company's shares rose by 10% following the announcement of its strong quarterly performance [1]
European Publishers Council files EU antitrust complaint about Google's AI Overviews
Reuters· 2026-02-10 13:23
The European Publishers Council has complained to EU antitrust regulators about Alphabet unit Google's AI-generated summaries known as AI Overviews, the lobbying group said on Tuesday. ...
Zimmer Biomet beats quarterly estimates on strong hips, knees device demand
Reuters· 2026-02-10 13:18
Core Insights - Zimmer Biomet exceeded Wall Street expectations for fourth-quarter profit and revenue, driven by consistent demand for its orthopedic devices [1] Company Performance - The company reported a strong performance in the fourth quarter, indicating robust market conditions for its products [1] Industry Demand - There is steady demand for orthopedic devices, which has positively impacted Zimmer Biomet's financial results [1]
Incyte weak 2026 revenue forecast heightens Jakafi patent concerns
Reuters· 2026-02-10 13:13
Incyte forecast annual sales below Wall Street estimates on Tuesday with its key growth driver Opzelura expected to underperform, raising concerns about the drugmaker's ability to offset looming patent losses on top-seller Jakafi. ...
Meta subsidiary loses appeal against Deutsche Telekom over network services
Reuters· 2026-02-10 13:04
A German court has ruled that Meta subsidiary Edge Network Services must pay Deutsche Telekom about 30 million euros ($35.71 million) that the German telecoms firm claims it is owed for providing netw... ...
Quest Diagnostics forecasts 2026 profit, revenue above estimates on lab test demand
Reuters· 2026-02-10 13:03
Core Viewpoint - Quest Diagnostics has forecasted 2026 profit and revenue to exceed Wall Street estimates following a strong performance in the fourth quarter driven by high demand for its diagnostic tests [1] Financial Performance - The company reported fourth-quarter results that surpassed expectations, indicating robust demand for its diagnostic services [1] Future Outlook - The forecast for 2026 includes profit and revenue projections that are above current Wall Street estimates, suggesting confidence in continued growth [1]
Hasbro signs deal with Warner Bros Discovery for 'Harry Potter' toys, games
Reuters· 2026-02-10 12:37
Hasbro and Warner Bros Discovery's global consumer products division on Tuesday announced a multi-year partnership to create toy and games based on the "Harry Potter" universe. ...