Earnings
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AWS still owns the cloud
When Amazon announced its earnings for its Amazon Web Services cloud division on Thursday, the results were hardly surprising. While AWS might not have the eye-popping growth percentages of its rivals, it still grew at a decent 47 percent, with earnings of $3.53 billion on an astonishing $14.2 billion run rate. You may point to the rivals and say, well, they had better quarters from a… Read More
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Amazon fumbles earnings amidst high expectations
Mixed faces in Seattle today as Amazon delivered its Q4 2016 earnings. The e-commerce company reported lower than expected revenue of $43.74 with better than expected earnings per share of $1.54. Expectations had been high in the run up to the release. Wall Street consensus was that Amazon would deliver revenue of $44.68 billion with $1.35 earnings per share. In the immediate moments… Read More
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10 big earnings questions Facebook probably won’t answer
Teens and Snapchat? Instagram earning money finally? The impact of the fake news scandal? These are what we wish Facebook would talk about on today’s Q4 earnings call. Facebook’s business is expanding in every direction, but it breaks out very little of that, keeping investors and the public in the dark about its newer revenue streams. Meanwhile, controversies and competition can… Read More
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Apple shares up 3% after company beats earnings expectations
Apple’s latest quarter surpassed earnings expectations, sending the stock up about 3% in initial after-hours trading.
Its fiscal first quarter of 2017 saw record earnings of $3.36 per share, well above the $3.21 forecast by Wall Street. Revenue also beat, coming in at $78.4 billion, versus the $77.3 analysts were predicting.
Investors were pleased that the company sold 78.3 million… Read More
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Apple’s services are buoying its return to growth as its iPhone engine stalls
It looks like Apple’s big bet on building an array of services like iCloud, Apple Music and the App Store is starting to be the big business the company hoped it would be. Wall Street and Apple had expected to return to growth this quarter following the holiday season, though it was supposed to be largely incremental. And while it wasn’t exactly a blowout, Apple still… Read More
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Alphabet’s bets beyond search are starting to pay off
Google reported mixed earnings for its fourth quarter today — but we’re starting to see some flashes of improvement in its “other bets” category, which is where it stuffs pretty much everything that lives outside of Google proper. In the fourth quarter, Alphabet’s other bets recorded $262 million in revenue, a healthy jump from $150 million in the fourth quarter… Read More
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Qualcomm reaffirms it will continue to supply Apple during its legal dispute
Qualcomm CEO Steve Mollenkopf said today on the company’s call accompanying its first-quarter earnings report that Qualcomm would continue to work with Apple as a supplier despite a major legal battle between the two companies.
“We intend to remain a good supplier to Apple even while this dispute continues,” Mollenkopf said on the call. “Our preference is to resolve… Read More
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Verizon fourth quarter earnings fall short of analyst expectations
Verizon this morning reported adjusted fourth quarter earnings of 86 cents per share, on revenue of $32.3 billion. On the earnings side, that falls short of what Wall Street analysts had expected — EPS of 89 cents per share and $32.1 billion in revenue. That also marks a 5.6 percent revenue decline from the fourth quarter of 2015. Verizon said it added 591,000 postpaid wireless… Read More
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Yahoo surprises no one by pushing back its Verizon acquisition close date
Yahoo reported its fourth quarter earnings to date, where as usual the financial metrics don’t really matter because the company is in the process of getting acquired by Verizon. There is, however, a very interesting footnote: the acquisition, expected to close in the first quarter, is getting pushed back to the second quarter this year. The company offered basically no explanation for… Read More
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Netflix’s international growth is exploding as its looks beyond the U.S.
Holy cow, we have quite the beat for Netflix.
Netflix added nearly 2 million new subscribers domestically and around 5 million subscribers internationally in the fourth quarter this year, the company said today. Wall Streets expectations for the fourth quarter fell far below that, coming in at 1.38 million and 3.78 million respectively. We’ll address the financial parts of the company… Read More
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