Earnings
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Why Apple’s stock fell off a cliff today
Apple took a more than $40 billion hit today after reporting its second-quarter earnings — and it was bleak. Shares of Apple were down more than 8 percent in extended trading at one point today. Things went about as poorly as you could expect: the company couldn’t hit revenue or earnings targets, iPhone sales fell off a cliff from the year-ago quarter and its third-quarter guidance… Read More
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Everything you need to know about Apple’s huge second-quarter miss
Okay folks, this is the big one. Last year the company brought in revenue of $58 billion — and it showed its first decline in 13 years by posting revenue of $50.6 billion for the second quarter this year, missing analyst expectations on its revenue and guidance by quite a bit. We’re parsing through all the details right now — here’s everything you need to know… Read More
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Square beats its fourth-quarter revenue expectations
Square, which has been on a bit of a run lately, posted a quarter where it beat revenue estimates and saw its shares pop slightly after it reported its fourth-quarter earnings. This was Square’s first time reporting quarterly earnings as a public company, and it looks like the results weren’t that bad, aside from a miss on earnings expectations. Square reported an adjusted loss of… Read More
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Samsung Continues Its Financial Recovery Despite Missing Analyst Expections
Samsung’s slow recovery appears to be continuing after the South Korean tech company release its financial projections for the final quarter of 2015, although its figures are below industry analyst expectations. Twitter’s Fiscal 2015: Up, Flat, And Down
Twitter did not have a lovely 2015. The world-famous social company saw its revenue rise, its usage flatten, and its share price fall. The company failed to change the arc of its own narrative during the year: Strong financial performance, but continued failure to grow its user base, the latter of which the market appears to weight more strongly. It brought in a new CEO to turn things… Read More
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Adobe’s Record Revenue Proves Successful Business Transformation Is Possible
As we watch organizations like IBM, HP and EMC struggle to transform, Adobe is an interesting contrasting case. It went from selling boxed software to a cloud subscription model in shorter order, and judging from its financial report that came out last week, it’s done quite well making that leap. First, let’s have a look at the numbers. Adobe reported a record $1.31 billion… Read More
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Etsy Meets Expectations In Q3, Stock Drops 8% After Hours
Following trading today, Etsy reported its Q3 financial performance, including revenue of $66 million, and earnings loss per share of $0.06. The Street expected Etsy to lose $0.06 per share, off revenue of around $66.17 million. So that’s a “met expectations.” The company reported 1.5 million active sellers and 22.6 million active buyers. The company was up 3.18 percent… Read More
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Fitbit Crushes Expectations In Q3, But A Follow-On Equity Offering Drags Its Shares Down
Following the bell, Fitbit announced its third-quarter financial performance, including revenue of $409.3 million, and earnings per share using normal accounting methods of $0.19. The company’s adjusted profit totaled $0.24 per share.
The results are notably strong. Investors had expected the company to report a far-slimmer $0.10 adjusted per-share profit off of revenue of just $350.97. Read More
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SolarCity Beat Revenue Expectations With $114 Million In Q3 2015 Earnings
Analysts expected SolarCity’s revenue to hit $111 million in third quarter 2015. But the solar energy company beat expectations with a near $114 million bump in revenue announced in earnings today. That’s a 95.2 percent year-over-year increase, beating estimates by $2.43 million. This was “driven by increased installations and high system performance in our seasonally… Read More
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MobileIron Posts Lower-Than-Expected FQ3 Loss Of $0.20 Per Share Off Revenue Of $38M
Following the bell, device management shop MobileIron announced its fiscal third quarter financial performance, including revenue of $38 million, and adjusted profit of negative $0.20. Using normal accounting techniques, the company lost a stiffer $0.30 per share.
Investors had expected MobileIron to lose an adjusted $0.20 per share, off of $37.61 million in revenue. The company’s… Read More
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