GigaMedia Q2 Net Loss Sharply Narrows

RTTNews | 808天前
GigaMedia Q2 Net Loss Sharply Narrows

(RTTNews) - GigaMedia Ltd. (GIGM), a digital entertainment services provider, reported Monday that net loss attributable to GigaMedia for the second quarter halved to $562 million or $0.05 per share from $1.13 billion or $0.10 per share in the prior-year quarter.

Revenues for the quarter declined 24.8 percent to $1.03 billion from $1.36 billion in the same quarter last year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Asian Shares Retreat On US Bank Concerns

Asian Shares Retreat On US Bank Concerns

Asian stocks declined on Friday as heightened concerns over U.S. banks' loan portfolios added to worries about the ongoing U.S. government shutdown and escalating Sino-U.S. trade tensions.
RTTNews | 4分钟前
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the European session on Friday.
RTTNews | 28分钟前
Commodity Currency's Slide Amid Escalating US-China Trade Tensions

Commodity Currency's Slide Amid Escalating US-China Trade Tensions

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Friday, amid the escalating trade tensions between the U.S. and China and renewed concerns about the U.S. banking sector after bad loans recently led to the bankruptcies of two auto industry-related companies, First Brands and Tricolor Holdings. Traders also resorted to profit taking after the recent gains in the markets.
RTTNews | 1小时20分钟前