Alibaba missed expectations for both earnings and revenue in its fiscal fourth quarter. The trade tensions and economic turbulence are worth watching going forward. Alibaba's free cash flow dropped sharply due to higher AI investment.
TOKYO (AP) — Mitsubishi UFJ Financial Group Inc. MUFG) on Thursday reported net income of $747.8 million in its fiscal fourth quarter. The Tokyo-based bank said it had earnings of 7 cents per share.
CoreWeave issued its first earnings report since its March IPO. Revenue grew by 420% year over year, handily surpassing expectations. AI cloud software company CoreWeave (NASDAQ: CRWV) went public in late March, so this was its first earnings report as a publicly traded company.
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