Despite increasing competition from traditional retailers like Walmart and Target, which have invested heavily in e-commerce, and the whupping it’s routinely taking from Amazon among pure e-commerce companies, eBay the 20-year-old lumbering Pez dispenser of an e-tailer, keeps plugging along. Now, as it manages to eke out another earnings win by matching analysts’ expectations, the […]
View More As stock rises on a slim earnings beat, eBay tells analysts to focus on payments and adsCategory: Earnings
Facebook shares climb despite Q3 user growth and revenue
After last quarter’s bloodbath earnings report that cut 20 percent from Facebook’s share price, the social network stumbled in Q3 2018, reaching 2.27 billion monthly users, up 37 million users or 1.79 percent — only slightly better than Q1’s slowest-ever growth rate of just 1.54 percent, and compared to an 2.29 billion Wall Street estimate. […]
View More Facebook shares climb despite Q3 user growth and revenueCan Apple finish 2018 on a high note? We’ll find out Thursday
Will the company satisfy Wall Street with its latest earnings report Thursday?
View More Can Apple finish 2018 on a high note? We’ll find out ThursdayAmazon shares fall as record profits are offset by conservative holiday forecasts
Amazon is still raking in the cash, but its slower than expected customer growth in its web services offerings and a weaker than expected sales outlook for the holiday season shook investor confidence and caused the stock to slide around 5 percent in after-hours trading. Profits for the company continued to soar, reaching $2.9 billion, […]
View More Amazon shares fall as record profits are offset by conservative holiday forecastsSnapchat loses 2M more users in Q3 as shares sink to new low
Snapchat continued to shrink in Q3 2018 but its business is steadily improving. Snapchat’s daily active user count dropped again, this time by 1 percent to 186 million, down from 188M and a negative 1.5 percent growth rate in Q2. User count is still up 5 percent year-over-year, though. Snapchat earned $298 million in revenue with […]
View More Snapchat loses 2M more users in Q3 as shares sink to new lowDaily Crunch: Tesla is profitable again
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here: 1. Tesla earns its first profit in two years Tesla reported a profit in the third quarter, reversing seven consecutive quarters of […]
View More Daily Crunch: Tesla is profitable againTwitter beats Wall St Q3 estimates with $758M in revenue
Twitter came in ahead of analysts’ financial estimates in its third quarter, reporting $758 million in revenue (a 29 percent year-over-year increase) and earnings per share of 21 cents. Analysts had predicted revenue of $703 million and EPS of 14 cents per share. Ad revenue was also up 29 percent, to $650 million, and Twitter […]
View More Twitter beats Wall St Q3 estimates with $758M in revenueTesla earns its first profit in two years
Tesla reported a profit in the third quarter, reversing seven consecutive quarters of losses. It is only the third time in its history that it has achieved this milestone. The third quarter earnings, which were reported after the market closed Wednesday, rocketed shares up nearly 12 percent to above $320. Tesla reported a profit of […]
View More Tesla earns its first profit in two yearsNetflix shares are up after the streaming service adds nearly 7M new subscribers in Q3
After a disappointing second quarter, Netflix is back in Wall Street’s good graces. The company just released its third-quarter earnings report, and as of 5:30pm East Coast time, the stock is up 12 percent in after-hours trading. The most important number here is subscriber growth, and that’s where Netflix came in way ahead of expectations, […]
View More Netflix shares are up after the streaming service adds nearly 7M new subscribers in Q3Samsung forecasts record $15.5B profit thanks to chips not smartphones
Samsung’s last quarter of business saw its slowest growth of profits in a year thanks to weak sales of its flagship Galaxy S9 smartphone. But the company is about much more than just phones, and that’s why it is forecasting a record operating profit of nearly $15.5 billion for its upcoming Q3 results. The Korean […]
View More Samsung forecasts record $15.5B profit thanks to chips not smartphonesStitch Fix tumbles 20% in after-hours trading following lukewarm earnings report
The company, which today announced its first international expansion, disappointed analysts with its latest earnings report.
View More Stitch Fix tumbles 20% in after-hours trading following lukewarm earnings reportThis is how much VCs are paid
Venture capital is known for being an opaque industry, so it’s no surprise most of us have no idea what the average VC earns in a year.
View More This is how much VCs are paid