Earnings Movers | Texas Instruments Surges 11%, Nokia Jumps over 9% on Earnings Beat; IBM Drops 7%; ServiceNow Tumbles over 12% as It Flags Middle East Deal Delays-To The Moon - Tiger Brokers Online Investing Community

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Earnings Movers | Texas Instruments Surges 11%, Nokia Jumps over 9% on Earnings Beat; IBM Drops 7%; ServiceNow Tumbles over 12% as It Flags Middle East Deal Delays

Tiger Newspress04-23 16:16

Texas Instruments forecast second-quarter revenue and profit above Wall Street expectations on Wednesday, anticipating a boost in demand for its analog chips amid the data center boom, sending its shares up over 11% in premarket trading.

Nokia’s U.S.-listed shares rose over 9% in premarket trading. Nokia posted a bigger than expected rise in its quarterly comparable operating profit on Thursday, as the Finnish telecom gear maker continued to see high demand from artificial intelligence and cloud customers, booking orders worth 1 billion euros ($1.2 billion).

IBM's revenue growth slowed in the first quarter on sluggishness in its software business, fanning fears of disruption from artificial intelligence tools and sending its shares down 7% in premarket trading.

ServiceNow reported on Wednesday that delays in closing several large government deals in the Middle East hurt first-quarter subscription revenue growth, sending its shares down over 12% in premarket trading.

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