Earnings
Auto Added by WPeMatico
Apple hits an all-time high and is seemingly in striking distance of being a $1 trillion company
Apple had a semi-blowout quarter, sending the stock to an all-time high. The big jump means Apple is now a company worth more than $800 billion. It seemed not too long ago that Google might have a fair shot at being a bigger company than Apple when it comes to its market cap, but now Apple is on a steady march upwards. Which means the company may be a $1 trillion company before too long. Read More
Powered by WPeMatico
Apple is signaling a huge fourth quarter and Wall Street is loving it
Apple set its expectations for the fourth quarter above what Wall Street was looking for today in its earnings report — just in time for a huge iPhone launch coming up soon. Apple said it expected to generate between $49-52 billion in Q4. The midpoint of that falls above what Wall Street expected, and it alludes to a big quarter where Apple has traditionally unveiled a new iPhone. Read More
Powered by WPeMatico
It looks like Amazon would be losing a lot of money if not for AWS
Amazon reported its second-quarter earnings today, and it was a bit of a whiff — and a bummer for Jeff Bezos, who is now no longer the solar system’s richest human and has been relegated to the unfortunate position of second-richest human. Intel beats earnings expectations as it manages to maintain growth in its Data Center Group
Intel declared $14.8 billion in revenue this afternoon and earnings per share of 72 cents. This represents a solid beat as analysts had expected revenues of $14.41 billion and EPS of 68 cents. The company’s stock finished up 22 cents and 0.63 percent to $34.97 per share in regular trading. In the moments after the company released its earnings, Intel’s stock shot up 3.43 percent. Read More
Powered by WPeMatico
Twitter is having a very bad day
Twitter reported its second-quarter earnings today, and it did not go over well. As a result, the stock is down more than 12% in trading today — which is a very Twitter thing to happen, so to speak. Here’s the chart, which could pretty much be summed up with a : Today also wiped out most of the gains that it accrued year to date. Twitter’s last report was a rare positive… Read More
Powered by WPeMatico
We probably still need some more numbers for this Very Important Twitter Chart
I’m reviewing the transcript in my notes of Twitter’s second-quarter earnings call — which definitely did not go well, with the stock crashing more than 10% — and it seems like Twitter is beating the drum very hard on its daily active user growth. The company is regularly referring to double-digit growth in its DAU count year-over-year and that it is stressing DAUs as… Read More
Powered by WPeMatico
Twitter’s user growth goes nowhere and the stock is collapsing
The small nice-ish story Twitter had going for itself for the past few quarters was that, at the very least, its monthly active users were growing quarter-over-quarter. While MAUs might not be the right number to look at these days, for better or worse it’s one of the core metrics that Twitter is judged on for now — and that didn’t pan out when it reported its earnings today… Read More
Powered by WPeMatico
Facebook beats in Q2 with $9.32B revenue despite slower user growth
Facebook’s hot streak continued with a strong Q2 2017 earnings report. It earned $9.32 billion and $1.32 in GAAP actual EPS, compared to estimates of $9.2 billion revenue and $1.13 EPS. Revenue growth was 44.7% year-over-year, compared to 59% in Q2 2016, indicating that revenue growth is slowing, in line with Facebook’s warning to investors that it was running out of space to show… Read More
Powered by WPeMatico
Nintendo’s earnings buoyed by strong Switch console and game sales
Nintendo is selling its new Switch console as fast as it can make them, with 1.97 million sold during the quarter ended in June, which the company just reported. The total Switch sales to date now stand at 4.7 million, which is very strong for under two quarters of market availability, and on track to eclipse total lifetime Wii U sales in perhaps under a year, especially if Nintendo has a… Read More
Powered by WPeMatico
Microsoft earnings beat expectations thanks to strong cloud performance
Following its longstanding tradition of reporting quarterly earnings for its fourth financial quarter of the year in July, Microsoft today announced non-GAAP revenue of $24.7 billion and GAAP earnings per share of $0.83 (and non-GAAP earnings per share of $0.98) for the last three months. Operating income was $7.0 billion non-GAAP. Read More
Powered by WPeMatico