(Reuters) - Chip designer Qualcomm ( QCOM ) on Wednesday forecast sales and profit in the current quarter would exceed Wall Street estimates as the company benefits from a recovering smartphone market, and its shares rose 11% in extended trading. Qualcomm ( QCOM ) said it expects sales and adjusted profits for its fiscal first quarter, which will cover the...

11:13 AM EST, 11/06/2024 (MT Newswires) -- RBC has raised its target on Thomson Reuters ( TRI ) by US$2, to US$173, and maintained its Sector Perform rating, after its third quarter results. Q3/24 results were slightly ahead of our forecast while 2024 revenue growth guidance was modestly raised, as anticipated, RBC said. Price: 230.53, Change: -6.34, Percent Change: -2.68...

Honda Motor Company, Ltd. ( HMC ) shares are trading lower on Wednesday following a decline in the first-half profit and reduced annual profit forecast. The company reported the first half of FY24 revenue growth of 12.4% year over year 10.798 trillion yen ($69.9 billion), while profits declined 19.7% to 494.6 billion Yen ($3.20 billion). Automobile consolidated unit sales rose...

01:18 PM EST, 11/06/2024 (MT Newswires) -- OceanFirst Financial ( OCFC ) said Wednesday that Moody's issued its first time ratings on the company and its subsidiary OceanFirst Bank. The credit rating firm placed OceanFirst Bank's deposit ratings at A3/Prime-2 and gave OceanFirst Financial ( OCFC ) an issuer rating of Baa3. Price: 21.07, Change: +3.16, Percent Change: +17.64 ...