Shares in Malaysian oil and gas service provider Serba Dinamik slumped for a second straight day on Tuesday after its auditor questioned more than 3.5 billion ringgit ($850 million)in contracts and transactions .
By Reuters Staff
(Adds details from HP Inc results, details from conference call)
May 27 (Reuters) - Dell Technologies Inc and HP Inc reported quarterly revenue that beat Wall Street estimates on Thursday, as customers continued to shop for personal computers, even as pandemic-led restrictions eased in many parts of the world.
However, shares of Dell fell 1%, while those of HP dropped as much as 6%, after both companies warned the ongoing computer chip shortage could impact their ability to meet demand for laptops this year.
“The component supply situation remains constrained,” Dell Chief Financial Officer Thomas Sweet said in post earnings call, adding that rising costs to procure these chips would hit its operating income in the current quarter by the low to mid-single digits and lead to slightly lower revenue on a sequential basis.
India's blue-chip Nifty 50 index closed at a record high on Friday, helped by gains in energy and financials stocks, as falling COVID-19 infection rates bolstered risk appetite.
India's blue-chip Nifty 50 index hit a record high on Friday as falling COVID-19 infection rates boosted sentiment, while investors awaited a key indirect tax-related meeting by the country's finance minister later in the day.
Shares in billionaire Jimmy Lai's Next Digital Ltd will resume trading on Thursday, and the company said it had enough working capital for at least 18 months from April 1 without additional funding from its controlling shareholder tycoon.