NexOptic Technology Corp (TSXV: NXO)
You’ll Never See The World The Same Way Again
JD.com (NASDAQ:JD) has risen 11.7% and hit two-year highs after posting a healthy revenue beat alongside guidance for double-digit gains in the current quarter.
Revenues topped high-end estimates by hitting 170.7B yuan (about $24.43B).
Earnings per ADR also topped estimates at 54 RMB cents.
EBITDA came in at 1.97B yuan (about $282M).
And annual active customer accounts rose by nearly 19%, to 362M.
But it also sees first-quarter revenues rising by “at least” 10%, it says, though it qualifies that anything can change alongside COVID-19 uncertainties.
The company also announced its chief financial officer, Sidney Huang, is retiring in September. Sandy Xu will take over the role, and Huang will begin to hand over in June to allow an easy transition.
Xerox (NYSE:XRX) launches the offer for all outstanding shares of HP (NYSE:HPQ) for $24/cash, including $18.40 in cash and 0.149 Xerox shares for each HP share.
The figures match Xerox’s raised offer last month.
Xerox adds MUFG, PNC, Credit Agricole, Truist, and Sun Trust Robinson Humphrey to its financing parties. Citi, Mizuho, and BofA previously committed $24B in binding financial commitments.
The offer will expire at 5 PM on April 21.
NXP Semiconductors N.V. (NASDAQ:NXPI) expects Coronavirus to shed ~$50M-$150M from its 1Q20 revenue.
The weakness after Lunar New Year holiday has already impacted revenue by $50M, while a total of $150M impact can be due to the return of weakness in the coming weeks, as seen during the time of Lunar New Year.
NXPI +2.3% premarket to $116.3
With the coronavirus outbreak sidelining the plans of numerous technology companies, Intel’s (INTC +2.8%) chief financial officer says the company has “the ability to operate on a relatively normal basis.”
Speaking at a Morgan Stanley conference, George Davis qualified that by noting the company was “coming into this environment from a shortage perspective” since it wasn’t able to meet all demand toward the end of last year.
The company has NAND plants in Dalian, China, along with a test/packaging facility in Chengdu and design centers in Shanghai and Beijing.
Facebook (NASDAQ:FB) has withdrawn from the South by Southwest festival this year, the latest big-event business casualty to concerns over the spreading coronavirus.
It joins Twitter (NYSE:TWTR) as the second major tech company to skip the festival for that reason, as Twitter has canceled nonessential travel and said CEO Jack Dorsey wouldn’t attend..
Facebook had a number of speakers set for panels, and was to host a Facebook house and an activation for its artists-in-residence program.
Despite a petition calling for the cancellation of SXSW – a music and media event that draws tens of thousands of international visitors to Austin – SXSW officials say the show will go on.
