financetom
Business
financetom
/
Business
/
Intchains Group Swings to Profit in Q2, Revenue Rises -- Shares Gain
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Intchains Group Swings to Profit in Q2, Revenue Rises -- Shares Gain
Aug 16, 2024 10:26 AM

01:13 PM EDT, 08/16/2024 (MT Newswires) -- Intchains Group ( ICG ) shares were up more than 9% in recent trading Friday, a day after reporting Q2 net earnings of 0.42 renminbi ($0.06) per diluted share, swinging from a loss of 0.17 renminbi a year earlier.

Revenue for the quarter ended June 30 was 123 million renminbi, compared with 13.9 million renminbi a year earlier.

No comparable estimates were available on Capital IQ.

Price: 6.02, Change: +0.52, Percent Change: +9.44

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Palo Alto Reports Q3 Earnings, Raises FY25 Guidance, Shares Slide
Palo Alto Reports Q3 Earnings, Raises FY25 Guidance, Shares Slide
May 26, 2025
Palo Alto Networks Inc ( PANW ) reported third-quarter financial results for fiscal 2025 after the market close on Tuesday. Here’s a rundown of the cybersecurity company’s report. Q3 Earnings: Palo Alto reported third-quarter revenue of $2.29 billion, beating the consensus estimate of $2.28 billion. The company reported third-quarter adjusted earnings of 80 cents per share, beating analyst estimates of 77 cents...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
ViaSat Fiscal Q4 Non-GAAP Loss Narrows, Revenue Drops
ViaSat Fiscal Q4 Non-GAAP Loss Narrows, Revenue Drops
May 26, 2025
04:34 PM EDT, 05/20/2025 (MT Newswires) -- ViaSat ( VSAT ) reported a fiscal Q4 non-GAAP loss of $0.02 per diluted share late Tuesday, narrowing from the loss of $0.24 loss a year earlier. Analysts polled by FactSet expected earnings of $0.09. Revenue in the three months ended March 31 fell to $1.147 billion, down from $1.150 billion a year...
Principal Financial Names Joel Pitz CFO
Principal Financial Names Joel Pitz CFO
May 26, 2025
04:35 PM EDT, 05/20/2025 (MT Newswires) -- Principal Financial Group ( PFG ) said late Tuesday it appointed Joel Pitz as executive vice president and chief financial officer, effective immediately. Pitz previously served as senior vice president and controller before becoming interim CFO in August 2024. He succeeds Deanna Strable, who was named president and chief executive officer in January,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved