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Shares of the video-conferencing platform rose nearly 4% in trading after the bell.
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The company generated $55 million in profit on $1.5 billion in revenue during the January-to-March period, according to the report.
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Revenue in the April-June quarter fell to $12.9 billion in the quarter, below a $13.84 billion average of seven analyst estimates compiled by Refinitiv.
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The Taiwanese company, the world's largest contract electronics maker, said net profit for the April-June quarter slipped to T$33 billion from a revised T$33.29 billion in the same period the previous year.
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Profit for the April-June quarter was 253 billion yen ($1.77 billion). That compared with an average estimate of 256 billion yen from 11 analysts polled by Refinitiv.
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The 38 percent year-on-year decline "mainly reflected the impact of lower crude oil prices and weakening refining and chemicals margins," the largely state-owned company said in a statement published on the Saudi stock exchange.
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People booked 115.1 million nights and experiences on the home-rental platform in the second quarter, up 11% from a year earlier but the slowest pace of growth since the pandemic shutdowns.
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The online travel company said revenue increased 27% to $5.46 billion, surpassing analysts’ average prediction of $5.17 billion.
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"Inside Amazon, every one of our teams is working on building generative AI applications that reinvent and enhance their customers' experience," chief executive Andy Jassy said during an earnings call.
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More broadly in China, a slower-than-expected economic recovery weighed on orders to Qualcomm. Smartphone shipments in the world's second largest economy were down 5% in the June quarter, Canalys data showed.
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Underwhelming margins at PayPal have been worrying analysts in recent quarters. The company's low-margin business products have grown strongly, while growth in its branded products has slowed due to increased pressure from competitors like Apple.
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The company also said CFO Jan Siegmund would retire in early 2024.
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The world's largest coffeehouse chain has targeted its younger, wealthier U.S. customer base by launching new drinks and promoting food options that have helped drive up average customer sales.
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The massive jump from $8.8 billion in the same period a year ago came as central banks around the world have ramped up borrowing costs to fight inflation, helping inflation lenders' income.
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Operating profit for the three months to end-June compared with an average estimate of 91.18 billion yen in a poll of 11 analysts by Refinitiv and a 63.7 billion yen operating profit in the same period a year earlier.
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The company had posted a net income of USD 3,923 million in the corresponding period of last year.
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First-half revenue gained more than analysts expected as Nestle pushed prices of Purina pet food and KitKat chocolate bars higher.
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The company, which supplies General Motors Co, Tesla Inc, and others, reported an operating profit of 461 billion won ($362.68 million) for the April-June period, versus 196 billion won a year earlier.
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"Looking to the second half of the year, the (memory chip) market is expected to gradually move toward stability considering increasing production cuts in the industry," the world's biggest memory chip and smartphone maker said in a statement.
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The news came as the Japanese giant said it had agreed to invest hundreds of millions of euros in the new electric vehicle venture of France's Renault as part of a reboot of their long-running alliance.
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The world's No.3 automaker by sales together with affiliate Kia Corp (000270.KS) forecast 2023 revenue would grow 14-15%, up from its January guidance of 10.5-11.5%, while its operating profit margin was upwardly revised to a range of 8-9% from 6.5-7.5%.
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The Apple Inc supplier posted an 881 billion won ($689 million) operating loss for the April-June quarter versus a 488 billion won loss in the year-ago quarter.
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Santa Monica, California-based Snap said it estimates third quarter revenue will be between $1.07 billion to $1.13 billion. Analysts were expecting revenue of $1.13 billion, at the top end of the guidance range.
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Alphabet's results were helped by steady demand for its cloud services and a rebound in advertising. The shares jumped 8% in after-hours trading.
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Costs rose sharply as Microsoft built new data centers to support AI, and Chief Financial Officer Amy Hood said on a conference call with analysts the company's capital expenditures would continue rising each quarter throughout fiscal 2024.
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The software giant said its fiscal fourth-quarter profit was $20.1 billion, or $2.69 per share, beating analyst expectations for $2.55 per share.
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The British company reported a 7.9% rise in underlying second-quarter sales, beating analysts' average forecast of 6.4%, a company-provided consensus showed.
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The European and African telecoms group also said it had appointed former SAP chief financial officer Luka Mucic to the same role at Vodafone, beginning on September 1.
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The results contrasted rivals HP Inc and Lenovo Group, but a full recovery remains some ways off as Dell forecast current-quarter revenue below Wall Street targets and warned that IT spending would stay cautious.
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Zoom has raised its full-year revenue and profit forecasts, defying a slowdown in growth following the pandemic boom and facing tough economic conditions, according to Reuters. Despite an initial rally, the company's shares pared gains to a 0.7 percent increase after-market hours.
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The company said its annual net loss came to 970 billion yen ($7.2 billion) on sales of 6.57 trillion yen.
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The PC and data center chipmaker estimated second-quarter earnings below Wall Street forecasts despite its greater sales optimism, a sign that the company is still struggling to make money despite early signs of a recovery in global chip demand.
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The Santa Monica, California-based company, which owns photo messaging app Snapchat, has long been known to jumpstart new trends in social media that have been copied by larger rivals, but has faced investor questions about whether it can turn its investments in new technology like augmented reality (AR) into revenue growth.
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A global downturn in semiconductor demand amid an economic slowdown and weak customer spending sent chip prices plummeting in the first quarter.
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Refinitiv analysts' average estimates for revenue and earnings for the first quarter were roughly in line. Revenue of $8.162 billion resulted in earnings per share of $2.88
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Tata Motors, which acquired the British car maker in 2008, had set a target of 1 billion pounds of free cash flow for the fiscal year.
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Shares in the world's largest memory chip and TV maker rose 3% in early trading, while rival SK Hynix Inc's shares surged 5% as investors welcomed plans to cut production to help preserve pricing power.
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The fund advanced 5.2% in March for its third straight positive month this year, according to a person familiar with the matter.
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Revenue last month reached the third highest on record for March at T$400.3 billion ($13.14 billion), though that represented a 21.1% year-on-year fall, the company said in a statement.
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Tesla delivered 422,875 vehicles for the first three months of this year, up 4% from the previous quarter.
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Net profit for October-December came in at 7.3 billion yuan ($1.06 billion) versus 602 million yuan a year earlier.
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The world's largest video game company and the operator of the WeChat messaging platform turned in a revenue of 554.55 billion yuan for 2022, down 1% from a year earlier.
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The steel-to-submarines group, which runs its business year from October to September, booked a net profit of 75 million euros ($80 million), compared with 106 million euros a year earlier.
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Executives of the search and advertising giant adopted a subdued tone on a call with investors, promising an extended period of belt-tightening, particularly on hiring, real estate costs and experimental projects that can take years to reach fruition.
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While striking an optimistic tone on sales of services and iPhones, CEO Tim Cook said an uncertain economy is expected to hurt categories like gaming and digital advertising.
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Shares of Snap fell 13% to $10.30 in trading after the bell. Meta shares fell 2% and Alphabet dropped 1%. Pinterest dropped 5%.
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Operating profit fell to 4.3 trillion won ($3.4 billion) for the three months ended December, according to a company statement, missing the average estimate of 6.7 trillion won by analysts.
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The three major U.S. stock indexes wavered between red and green out of the starting gate, while the benchmark Treasury yield shot up to touch a new 14-year high.
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Union power minister RK Singh, who got re-elected as the president of the ISA, announced that France will soon sign an agreement with India in furthering the latter’s green hydrogen mission. The ISA also approved the SolarX Grand Challenge to promote innovation and start-ups in decentralised solar energy applications.
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Chief executive Noel Quinn said "it reflected a more normalised level of expected credit losses compared with the Covid-19 releases made last year, as well as the macroeconomic impact of the Russia-Ukraine war".
