Earnings
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Apple hits a speed bump in Q2 after its stock soared in the past year
Apple hit a little snag in the second quarter, falling slightly under what Wall Street expected in its earnings report — causing a slight drop after its stock has jumped massively in the past year. Microsoft meets expectations with $23.6B in revenue, Azure revenue up 93%
Microsoft just reported earnings for the last quarter. The company reported non-GAAP revenue of $23.6 billion and non-GAAP earnings per share of $0.73. Wall Street’s cadre of crack analysts expected the company’s earnings per share to come in at around $0.70, with revenue hitting about $23.6 billion. In the year-ago quarter, Microsoft reported earnings per share of $0.62. Wall… Read More
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Alphabet’s efforts beyond search are ballooning into their own huge businesses
Alphabet’s advertising business seems to be following the same pattern these days — but its operations beyond that look like they are beginning to grow into strong businesses in their own right. The company reported its first-quarter earnings today that outperformed what Wall Street expected, with its advertising business once again continuing to generate an enormous amount of money. Read More
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Twitter shares spike 10% after it delivers a much-needed earnings beat
Twitter delivered a surprising and much-needed positive quarterly earnings report this morning — and it’s finally seeing some positive moves in its stock price.
That’s going to be important going forward, as the company needs to convince Wall Street it can stay independent and also attract talent. Twitter, as we’ve seen time and again, reports a huge stock-based… Read More
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Twitter desperately needed a hit first-quarter and somehow managed to deliver
In an very un-Twitter move, the company completely beat out the increasing decline of its business that tech observers were expecting.
This is a hugely positive sign for the company, which has seen continued bad news on the whole company operating front. Not only was it able to generate more money than expected, its user numbers also made a surprising spike. Twitter’s faced a ton of… Read More
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With revenue of $29.8 billion, Verizon’s first quarter earnings fall short of analyst expectations
Verizon just released its first quarter earnings results, with adjusted earnings per share of 95 cents on revenue of $29.8 billion.
Revenue (minus divestitures and acquisitions) is down 4.5 percent from the first quarter of 2016. The numbers also fall short of what analysts had been predicting: EPS of 96 cents per share on revenue of $30.5 billion.
Verizon says there was a net decline… Read More
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Box’s Levie touts positive cash flow
Cloud content management company Box posted fourth quarter earnings after the bell on Wednesday with shares quickly plummeting in initial after-hours trading. They mostly recovered, trading down just 1% by late afternoon. Box beat investor expectations with an adjusted loss of 10 cents per share versus the negative 14 cents forecast. Revenue for the quarter was also a beat at $109.9… Read More
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Twitter says product changes are main growth driver, not just the President’s usage
Twitter’s advertising business is stalling, but the company is trying to focus on some flashes of improvement among the service — which it’s attributing to product changes, and not just to major events like presidential debates or the President’s usage of Twitter. There were some questions as to whether President Donald Trump’s usage of Twitter would be something… Read More
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Jack Dorsey says he’ll continue running both Square and Twitter
As Twitter’s growth continues to stall and increasingly becomes an issue, Twitter CEO Jack Dorsey’s double-time running both Twitter and Square has become a big question mark — and Dorsey says he’s staying the course. “This focus, and this team, allows me and gives me a lot of confidence I can continue to focus on the meaningful things at both companies and we… Read More
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Twitter’s advertising business is stalling
Twitter may have re-oriented itself and laid off part of its workforce to streamline its business, but it still doesn’t look like it is bringing in enough money to keep Wall Street happy.
Here is the biggest data point from the company’s fourth-quarter earnings report: according to the company, advertising revenue totaled $638 million, which was down slightly year-over-year. A… Read More
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