Earnings
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Alphabet tried to convince Wall Street it’s not just a search engine this year
Google (or Alphabet, if you prefer) has long been plagued with a problem with its advertising business: while the number of ads people are clicking on has been growing, the value of those ads has been constantly dropping. Google has always excelled at showing the best ads against a search result, but that business may not last forever as the way people interact with technology starts to… Read More
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Apple’s bulletproof Wall Street growth story came to a halt this year
This year was an interesting one for Apple — but not necessarily in a good way. iPhones aren’t selling the way they used to, the Apple Watch isn’t a big hit and Alphabet is emerging as a bigger and formidable competitor. And that has Wall Street asking some serious questions about Apple’s future. Read More
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Salesforce looks surprisingly good headed into the end of the year with a strong Q3
Despite a weak second quarter and a lot of eyes on the end of the year, Salesforce is already starting to look pretty good again to Wall Street. The company beat analyst expectations today in its third-quarter earnings report across the board. Salesforce reported earnings of 24 cents per share on revenue of $2.14 billion. Wall Street was looking for earnings of 21 cents per share on revenue… Read More
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Alphabet reports a strong third quarter despite free-falling advertising values
Alphabet’s strategy of trying to stuff the difference between declining mobile advertising value with additional clicks appears to still be paying off as the company once again showed Wall Street that it can make a ton of money and continue to grow. Alphabet (we’re just gonna call it what it is because we’re talking about the core business: Google) reported earnings of $9.06… Read More
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Tim Cook ‘not sure’ Apple will meet iPhone 7 Plus demand by the end of the year
Apple is working to match the demand for the iPhone 7 Plus as best as it can, but it might not meet all the demand by the end of the year, CEO Tim Cook said on the investor call discussing its fourth-quarter earnings.
“It’s hard to say,” Cook said in response to an investor question about whether the iPhone would hit supply/demand equilibrium by the end of the next quarter. Read More
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Twitter’s sales team may take a hit in big upcoming layoffs
Well, now we know why Twitter decided to move its earnings report to before the market opens (when the West Coast will conveniently, largely be asleep).
Bloomberg is reporting that the company may cut up to 8% of its staff, or around 300 people, and that the cuts could be announced as soon as this week. As usual these situations are very dynamic, so all of the above could shake out to be… Read More
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Yahoo’s business tale comes to a totally anticlimactic end
Yahoo made slightly more money than Wall Street expected — and no one cares at this point. The company reported its third-quarter earnings, basically falling a hair above what everyone was looking for on its earnings and in line with revenue. But at this point the company is in the process of getting acquired by Verizon. As such, stock prices and whatnot like that don’t… Read More
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Netflix shakes off weak subscriber growth and its stock is skyrocketing
Netflix is finally breaking off from its slowing subscriber growth trend as it posted a huge quarter that beat both its own, and Wall Street’s, expectations. Here’s the money chart: Shares of Netflix are absolutely blowing up, now up more than 20% in extended trading after the earnings report came out. With today’s crazy jump in its stock, the company added nearly $10 billion… Read More
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Salesforce shares face plant despite beating analyst expectations
Salesforce earnings came out today! They’re not great, either, and it looks like a weak outlook for the company’s third quarter is doing some damage to its shares, which were down as much as 8 percent. For a company that literally defined the phrase “software as a service” — basically, running your business online — and one that’s had a decent year… Read More
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Cisco confirms it will cut up to 5,500 jobs, or 7% of its global workforce
We caught wind earlier this week that Cisco was planning a major cost-cutting operation to reduce its costs by around 15% throughout the month. It looks like the first stage of that is a round of cut jobs, with Cisco announcing as part of its earnings report that it will cut up to 5,500 jobs, or 7% of its workforce. The move isn’t unexpected as Cisco works to transition to a new era where… Read More
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