) was down as workers at more than 100 U.S. stores began a strike Thursday in what would be the largest labour action since a campaign to unionize the company’s stores began late last year.
At least 257 Starbucks stores have voted to unionize since late last year, according to the National Labor Relations Board. Fifty-seven stores have held votes where workers opted not to unionize. Data centre revenue in the third quarter rose 31 per cent from a year ago, while gaming revenue was down 51 per cent from a year ago. Nvidia shares fell in Thursday trading after premarket gains.
And Nvidia Chief Financial Officer Colette Kress said while the export restrictions impacted third-quarter revenue, the decline was “largely offset by sales of alternative products into China.” Nvidia’s gaming business, a segment that once drove its revenue, was hit by weak consumer demand, but also a change in the way Ethereum crypto currency is created.
Nvidia forecast current-quarter revenue at US$6-billion, plus or minus 2 per cent, versus expectation of US$6.09-billion.) were down after it posted a smaller-than-expected rise in quarterly revenue on Thursday as COVID-19 curbs and a worsening economic outlook stifled consumer spending.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »