Gen Digital lifts fiscal 2027 sales outlook as quarterly results beat estimates
Shares rose about 7% in extended trading after the cybersecurity company reported $1.37 billion in quarterly revenue.
Samsung reports record quarterly profit as AI chip demand grows
Third-quarter operating profit reached 107.4 trillion won ($80.04 billion), matching the company's estimate.
Samsung Electronics said October 29 that strong demand for AI chips helped lift its third-quarter operating profit nearly ninefold from a year earlier, setting a record.
The world's largest memory chipmaker earned 107.4 trillion won ($80.04 billion) in operating profit during July to September, compared with 12.2 trillion won a year earlier. The result matched Samsung's estimate.
Investors remained cautious about whether AI spending would last. Rival SK Hynix reported strong earnings and an optimistic outlook a day before Samsung's results, easing concerns about the staying power of AI-related chip profits. Shares of both companies rose following SK Hynix's report.