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AP National Business

Carvana: Q1 Earnings Snapshot

TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — Carvana Co. (CVNA) on Thursday reported a loss of $160 million in its first quarter. On a per-share basis, the Tempe, Arizona-based company said it had a loss of $1.51. The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research

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Microchip Tech: Fiscal Q4 Earnings Snapshot

CHANDLER, Ariz. (AP) — CHANDLER, Ariz. (AP) — Microchip Technology Inc. (MCHP) on Thursday reported fiscal fourth-quarter profit of $604 million. On a per-share basis, the Chandler, Arizona-based company said it had net income of $1.09. Earnings, adjusted for amortization costs and pretax expenses, came to $1.64 per share. The results topped Wall Street expectations.

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Biden, Harris meet with CEOs about AI risks

By MATT O’BRIEN and JOSH BOAK Associated Press WASHINGTON (AP) — Vice President Kamala Harris met on Thursday with the heads of Google, Microsoft and two other companies developing artificial intelligence as the Biden administration rolls out initiatives meant to ensure the rapidly evolving technology improves lives without putting people’s rights and safety at risk.

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Grid Dynamics: Q1 Earnings Snapshot

SAN RAMON, Calif. (AP) — SAN RAMON, Calif. (AP) — Grid Dynamics Holdings, Inc. (GDYN) on Thursday reported a loss of $8 million in its first quarter. The San Ramon, California-based company said it had a loss of 11 cents per share. Earnings, adjusted for non-recurring costs, were 8 cents per share. The results matched

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