Earnings
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Adobe had a record quarter, but still has substantial untapped potential
Adobe announced a record quarter yesterday with $2.01 billion in revenue for Q42017. That represents a healthy 25 percent year over year increase for the company, but about half of that continues to come from Creative Cloud. Experience Cloud, which includes Adobe Marketing Cloud, Adobe Analytics Cloud and Adobe Advertising Cloud in many ways represents promise for even greater revenue in… Read More
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Salesforce keeps rolling with another monster quarter, as it sets $20 billion revenue goal
Ho hum, Salesforce announced its quarterly earnings yesterday and the news was all good once again with revenue up 25 percent to $2.68 billion. The company has blown through its $10 billion yearly revenue goal and has boldly set one for $20 billion by FY2022. I wouldn’t put it passed them.
The company also announced some big executive moves. More on that later
Salesforce is the anti-IBM. Read More
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Square’s dominant year hits a snag
Square is continuing to make its bid to capture the payments of small businesses around the world, as well as tap into the momentum of peer-to-peer payments products with Square Cash, as its payments volume continues a steady and methodical rise — though, Wall Street still seems a little skeptical today as the stock is down slightly. Read More
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Snap is having a bad day
Ho boy — there are bad days and there are bad days in an earnings season, and this is definitely the latter for Snap. The company released its quarterly report for its financial performance in the third quarter this year, and as a result, the company’s stock is absolutely cratering. Read More
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Snapchat share price craters on weak revenue and user growth in Q3 2017
Snap’s losing streak continued with today’s Q3 2017 earnings report that saw it miss financial expectations and add just 4.5 million users. Snap earned $207.9 million in revenue with a loss of $0.14 per share, compared to expectations of a $237 million in revenue and a loss of $0.15 EPS. Read More
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Apple taps $900B after a blowout fourth quarter
Apple is continuing its run toward $1 trillion today, as a huge fiscal fourth quarter sent the stock to new highs and helped its market cap briefly hit $900 billion — though it’s since leveled off just a bit and is now resting just a hair below that. Facebook beats in Q3 with $4.7B profit, record share price despite Russia
Facebook is still in the middle of its House Intelligence Committee hearing about Russian election interference, but the looming concerns over misuse haven’t dampened its business as profits continue to soar and its share price hits an all-time high. Still, CEO Mark Zuckerberg saw it fit to break from his traditional “Our business is doing well” script to add “But none… Read More
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Samsung posts another record profit thanks to its chips business
Samsung posted another record quarter, and it again has its components business to thank for more stellar results. The Korea tech giant shrugged off scandals, which include a jail sentence for its de facto leader and last year’s Note 7 saga, to record a 14.53 trillion won ($12.92 billion) profit for the recent Q3 2017 period. Revenue came in at 62.05 trillion won ($55.18 billion), up… Read More
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Here’s a chart that shows why financial earnings are a big deal
So, we’re midway through earnings season, and as you’ve probably seen, we’ve covered a majority of the big companies that have reported thus far. There are plenty more that have reported, and there are still more to come, but these are the periods that generally have the most impact on the best public barometer of a company’s success: its stock price. Read More
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A critical metric for Alphabet’s success is suddenly showing signs of life
Alphabet delivered a knockout quarter today, handily beating the estimates from Wall Street — but, perhaps more importantly, showing actual growth in a critical metric that has seen a consistent decline for quite some time.
Google’s cost-per-click — a metric that helps define how valuable its ads are — grew 1% quarter-over-quarter this year. While still down 18%… Read More
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