To The Moon

Earnings Flash (BABA) Alibaba Posts Fiscal Q2 Adjusted EPS 4.36 Renminbi per ADS, vs. FactSet Est of 6.03 Renminbi

SAP posted higher revenue and profit in the third quarter boosted by artificial-intelligence demand, and raised its full-year outlook.Reporting on a non-IFRS basis, the German business-software company said total revenue rose 9% to 8.47 billion euros . Revenue from cloud and software climbed to EUR7.43 billion from EUR6.68 billion a year earlier.Chief Executive Christian Klein said a significant number of the company's cloud deals in the quarter included AI-use cases.Profit after tax increased to EUR1.44 billion from EUR1.35 billion. Operating profit, which is more closely watched for software companies, jumped 27% to EUR2.24 billion.SAP, like other European software companies, presents its figures as two sets of numbers. One set is based on the International Financial Reporting Standards, an international accounting method that seeks to provide a global reporting standard, though analysts and investors tend to follow SAP's non-IFRS numbers, which exclude restructuring expenses and acq

US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader economy.The Conference Board’s gauge of sentiment de