Yahoo says revenue down in second quarter, will sell fewer Alibaba shares
Yahoo’s second-quarter results show the fourth drop in revenue in the past five quarters, but the company’s shares briefly spiked in after-hours trading on the news that Yahoo will hold onto a larger...
View ArticleIBM tops analysts’ predictions with second quarter numbers
IBM’s second quarter results beat analyst expectations as the company continues to refocus on higher-margin areas like cloud computing and big data. For the quarter ending June 30, IBM reported revenue...
View ArticleNetflix profits soar as service tops 50 million subscribers
Netfli’s earnings soared in the second quarter as the online streaming service reached an important milestone by topping 50 million subscribers. On Monday, Netflix said profits more than doubled in the...
View ArticleFacebook’s mobile ads fuel big profits
Facebook more than doubled its profits in the second quarter as the social media giant continued to reap the rewards of a fast growing mobile ad business. In an earnings release Wednesday, Facebook FB...
View ArticleAmazon’s losses mount and its shares tank
Amazon’s AMZN second-quarter sales jumped 23% year-over-year, the company said Thursday, but growing losses have spooked investors, who are pushing the e-retailer’s share price down over 11% in morning...
View ArticleTwitter’s sales growth sends shares soaring
The numbers: Twitter reported stronger than expected second-quarter earnings on Tuesday with sales of $312 million, more than double from the same period in 2013. Wall Street had predicted revenue of...
View ArticleJob listings help LinkedIn post big sales gain, shares rise
The numbers: LinkedIn posted a $1 million loss in the second quarter, down from the $3.7 million profit the career networking website recorded during the same period last year. The website lost 1 cent...
View ArticleTesla plans to boost car production, picks Reno for possible Gigafactory
What’s interesting: Well, for starters, Tesla Motors’ second quarter shareholder letter included news that the company has already broken ground in Reno, Nev. for what could be the site of a planned $5...
View ArticleAIG profits rise on strong insurance sales, sale of aircraft leasing business
The numbers: American International Group said second-quarter profits rose 13% year-over-year to $3.1 billion, or $2.10 per share. AIG also reported after-tax profits of $1.25 per share for the most...
View ArticleZynga’s shares tumble on poor earnings, lower outlook
The takeaway: Zynga’s shares plunged as much as 10% in after-hours trading Thursday after the gaming company reported that sales fell almost 34% in the second quarter while also lowering its full-year...
View ArticleKing Digital report confirms it’s still a one-hit wonder
The takeaway: Shares of King Digital Entertainment plummeted more than 20% in after-hours trading on Tuesday after the online gaming company released disappointing sales numbers for the second quarter...
View ArticleGap announces India expansion and higher quarterly profits
Gap plans to open its first stores in India in its latest international expansion. The San Francisco-based retailer, which also owns the Old Navy and Banana Republic chains, said Thursday it will...
View ArticleSmith & Wesson misfire: Rifle sales drop 50%
People just aren’t stocking up on firearms the way they used to. Gun maker Smith & Wesson said on Thursday that rifle sales dropped by more than half in the Springfield, Mass. company’s latest...
View ArticleMicrosoft’s profits dip despite strong cloud, phone sales
Microsoft said Monday its profits fell more than 10% during its latest quarter despite an uptick in sales. Here are the key points from the tech giant’s latest earnings report. What you need to know:...
View ArticleMicrosoft beats expectations but stock still slides
Updated Tuesday, July 21 Microsoft’s expectations-beating $22.2 billion in fourth quarter revenue wasn’t enough to keep the stock from falling 3.5% in after-hours trading Tuesday, as the company’s $7.5...
View ArticleThese Two New Areas Were Behind Pfizer’s Impressive Second Quarter Profits
Pfizer pfe reported better-than-expected quarterly revenue and profit, driven by sales of newer drugs and the acquisition of hospital products company Hospira. The largest U.S. drugmaker’s revenue rose...
View ArticleShopify’s Second Quarter Earnings Were Better Than Expected
Canadian e-commerce software maker Shopify shop reported a smaller-than-expected quarterly loss as more small and medium-sized merchants used its platform, and the company said it now expected a...
View ArticleCereal Sales at Kellogg Continue to Slide
Kellogg’s quarterly sales dropped 6.6 percent, missing analysts’ estimates, as demand slid further for its breakfast foods and snacks, which include Corn Flakes and Froot Loops. Kellogg k also said a...
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