Earnings
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SAP beats analysts’ expectations, reports “record-setting” revenue and profit
German IT services and enterprise giant SAP reported encouraging numbers for Q2 2016, beating analysts’ expectations and spiking its share price by nearly five percent in pre-market trading Wednesday as its non-IFRS EPS increased 2 percent to €0.82 ($0.90). Analysts had predicted a quarterly EPS of $0.78. The leap is owed in part to the strength of the company’s… Read More
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Everything Yahoo has going for it right now
Its core assets are worth $5 billion (we think?)IBM beats the street in Q2 with sales of $20.24B, EPS of $2.95, cloud revenues up 30%
IT giant IBM has just posted its second quarter earnings, with revenues coming in at $20.24 billion and non-GAAP earnings per share at $2.95. The figures beat analysts’ estimates of $20.03 billion in revenue and non-GAAP EPS of $2.89 per share. However, non-GAAP net income is $2.8 billion, down 25% from a year ago (GAAP net income was $2.5 billion, now 29%). And… Read More
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Box down 7% despite “strong quarter”
Enterprise cloud storage company Box posted its first-quarter earnings after the bell on Wednesday. Despite beating analyst expectations on revenue and earnings per share, the stock dropped 12.89 percent then recovered to an 8 percent loss in after-hours trading after investors were disappointed with the billings numbers. Read More
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The Europas — It’s time for a different type of tech conference
Let’s face it. Some tech conferences have lost their way. While TechCrunch Disrupt remains a firmly curated, media-driven, event, with hundreds of journalists attending, a couple of other conferences have really gone for scale. A minimum of 15,000 people, thousands of companies, echoing halls — and a lot of investors (and journalists) turning their badges around so they don’t… Read More
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Another big investor bought up about $1 billion in Apple shares
Warren Buffett’s Berkshire Hathaway holding company today disclosed in a regulatory filing that it owns around 9.81 million shares of Apple — worth around $1.07 billion at the end of the quarter — as Apple shares have taken a huge dive in the past year. Apple shares have slid to 52-week lows in recent weeks, especially following a huge second-quarter miss that shaved… Read More
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Fitbit shares tank after reporting a weak outlook amid rising competition
Fitbit is not having a good day, with the stock crashing more than 11 percent after reporting its first-quarter results.
Here’s the rub: its guidance for the second quarter came in light. Very light. Industry watchers were expecting the company to report earnings around 26 cents per share, while the company put its outlook at earnings between 8 cents per share and 11 cents per share. Read More
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Twitter’s dysfunctional Wall Street relationship
Twitter’s stock is cratering this week following its earnings report on Tuesday, down around 15% and shaving more than a billion dollars off its market cap — again. This isn’t even an all-time low for Twitter. But the company is a long, long ways from its successful run after its initial public offering. At the time, Twitter was showing — while slow — user growth… Read More
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Amazon’s Web Services are shining in its latest earnings beat
Amazon posted its first-quarter earnings today, and boy did they not disappoint: it beat what analysts were expecting on nearly all fronts, and the stock is up more than 12% after its huge beat. The big one here, in particular, is Amazon Web Services. AWS has become a go-to for most businesses, so it’s not surprising that it’s seeing that segment continue to grow steadily. The… Read More
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Facebook swells to 1.65B users and beats Q1 estimates with $5.38B revenue
Facebook continued its winning streak as other tech companies floundered, reaching 1.65 billion monthly users and surpassing estimates in its Q1 2016 earnings report with $5.38 billion in revenue and $0.77 earnings per share. Facebook’s share price climbed more than 8 percent in the moments after earnings were announced, reaching more than $117 in after-hours trading. Revenue was up… Read More
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