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The company posted revenue above analyst expectations for the 15th consecutive quarter. The result continues a streak that began in late 2022.
The company reported revenue that exceeded Wall Street estimates for the 15th consecutive quarter. The streak began in the fourth quarter of 2022 and has continued through the first quarter of 2026.
The latest results showed revenue growth that outpaced the consensus forecast compiled by analysts. Company officials said the outcome reflected continued demand across its product lines.
Analyst estimates had projected a lower revenue figure for the quarter. The company has now surpassed those estimates in every quarter since the streak started.
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Iran directed Yemen's Houthi movement to stand ready to close the Bab el-Mandeb strait if the United States attacks its power network. The order follows recent U.S. strikes and Iran's closure of the Strait of Hormuz. Shipping routes face added risk.
forbes.comThe average 30-year fixed mortgage rate increased to 6.55 percent this week from 6.49 percent last week, Freddie Mac reported Thursday. The 15-year rate also rose, while the 10-year Treasury yield reached 4.57 percent.
news.sky.comBritain's visible trade balance recorded a deficit of 18.66 billion pounds in May. The overall trade balance deficit also narrowed from the prior month.