Snap’s losing streak continued with today’s Q3 2017 earnings report that saw it miss financial expectations and add just 4.5 million users. Snap earned $207.9 million in revenue with a loss of $0.14 per share, compared to expectations of a $237 million in revenue and a loss of $0.15 EPS. The 178 million total daily users equates to a 2.9% quarter-over-quarter user growth rate… Read More
Category: Earnings
Big tech goes five for five
As October came to a close, three of the five largest American tech companies beat earnings expectations.
The quarterly results of Amazon, Microsoft, and Alphabet were impressive, with each firm bringing in both more revenue and profit than analysts had expected. And, as we explored at the time, the companies managed to come up with their wins in unique fashion. And so it goes this time… Read More
Apple’s record services revenue suggests growth in Apple Pay, Apple Music
Everyone’s favorite almost-trillion-dollar company reported fourth quarter earnings after the bell on Thursday. And while much of the attention was on stellar iPhone sales, Apple wants to make sure that people know its services business is doing great, too.
“Service revenues reaches all-time high,” was the headline of the press release. But what is services revenue… Read More
Apple taps $900B after a blowout fourth quarter
Apple is continuing its run toward $1 trillion today, as a huge fiscal fourth quarter sent the stock to new highs and helped its market cap briefly hit $900 billion — though it’s since leveled off just a bit and is now resting just a hair below that. Read More
Apple is just $100 billion away from being a trillion-dollar company
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Tomorrow, we’ll see how much the world loves the latest iPhone. Today, we’ll have to settle for another spectacular report on Apple’s revenue.
Apple brought in $52.6 billion last quarter, a 12 percent increase from the year prior. The device manufacturer blew past analysts expectations of just over $50 billion. Its guidance for 2018 revenue also beats previous estimates.
The company’s happy news sent its stock up by more than 3 percent in after-hours trading and bumped its valuation to more than $900 billion — only $100 billion short of being the first $1 trillion company. Read more…
More about Apple, Iphone, Tim Cook, Earnings, and Apple Watch
View More Apple is just $100 billion away from being a trillion-dollar companyApple delivers on its much-hyped promise to Wall Street in spades
As Apple looks to set itself up to Wall Street as the de-facto standard of what a smartphone can — and should — look like as consumer demand evolves over time, it was able for the large part to deliver on that claim as it showed up with a big beat in the fourth quarter.
Apple had already set the tone going into this quarter that things were going to be better than what industry… Read More
Pandora misses a beat, shares down 6% after posting earnings
Music streaming business Pandora reported earnings after the bell on Thursday. Adjusted earnings per share were negative six cents, better than the negative eight cents that Yahoo Finance analysts were predicting. Revenue was $378.6 million, an 8% year-over-year increase from last year. Yet it’s beneath the $380.57 million that analysts were expecting. Shares quickly dipped nearly 6%… Read More
Blue Apron shares trade down 9% after disappointing earnings
Blue Apron just can’t catch a break. The New York-based cooking kit business released its third-quarter earnings before the bell on Thursday. The results were mixed. The company handily beat revenue expectations, but its losses were also worse than expected. Revenue was $210.6 million, a 3% increase from the same period last year. Analysts surveyed by Yahoo Finance had been… Read More
Another blockbuster quarter for Alibaba as revenue surges 61%
Alibaba’s stellar financial performance continues unabated after the Chinese e-commerce giant again beat analyst expectations thanks to impressive growth in its core business at home. The firm reported total revenue of RMB 55.1 billion ($8.3 billion), beating expectations of RMB 52.2 billion according to a Reuters poll with 61 percent growth. Net profit for the period increased by… Read More
Elon Musk rips the press for ‘ridiculous’ coverage of Tesla firings
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With Apple lawsuits still looming, Qualcomm beats revenue expectations
Against a backdrop of a year-long legal battle with Apple, Qualcomm has beat analysts’ revenue and earnings estimates in its fourth fiscal quarter. Qualcomm booked $5.96 billion in sales, or 92 cents per share, versus expectations of $5.8 billion and 81 cents per-share as the overall economics of the chip business continue to improve. The numbers were good enough to bump shares of the… Read More
Tesla’s Wall Street hype train hits a speed bump
Tesla’s march toward its goal of being able to produce 5,000 Model 3 vehicles per week is a very expensive prospect — but the company, which says it will have $1 billion in capital expenditures for the fourth quarter this year, says it basically has enough money to hit that target.
Despite that, Tesla wasn’t able to completely sate Wall Street’s concerns about the… Read More