Earnings

  • The Europas — It’s time for a different kind of tech conference

    The Europas — It’s time for a different kind 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

  • Facebook swells to 1.65B users and beats Q1 estimates with $5.38B revenue

    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

  • Why Apple’s stock fell off a cliff today

    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

  • Spiralling losses show Lazada desperately needed Alibaba investment

    Spiralling losses show Lazada desperately needed Alibaba investment

    We already know that Alibaba’s decision to invest $1 billion to buy a controlling stake in Lazada, the Southeast Asia-based e-commerce firm started by Rocket Internet, was down to money since Lazada nearly ran out of cash. But now the situation has become all the more clear after Rocket Internet released its latest financial results. Read More

  • Fitbit Plummets 16% In After-Hours Trading

    Fitbit Plummets 16% In After-Hours Trading

    Fitness gadget-maker Fitbit tumbled 16% in after-hours trading, with investors disappointed by the company’s guidance for the current quarter. Fitbit is forecasting $420 million to $440 million in revenue for the current quarter and adjusted earnings per share is expected to be between zero and two cents. Yet San Francisco-based Fitbit announced significantly better-than-expected… Read More

  • Groupon Soars 23% On Favorable Earnings

    Groupon Soars 23% On Favorable Earnings

    Not dead yet, deal site Groupon soared 23% in initial after-hours trading, following a better-than-expected fourth quarter earnings release. The company beat revenue forecasts, bringing in $917 million, instead of the anticipated $846 million, and a 9% year-over-year increase.  Adjusted earnings per share was at four cents, whereas Wall Street was expecting zero. This is quite the bright… Read More

  • Pandora Has Mixed Q4 Earnings With $336M Revenue And 3.8% Growth To 81.1M Listeners

    Pandora Has Mixed Q4 Earnings With $336M Revenue And 3.8% Growth To 81.1M Listeners

    Amid rumors that it’s trying to sell itself, Pandora missed on its Q4 2015 earnings report where it said it had 81.1 million listeners, up from 78.1 million in Q3 but down from 81.5 million a year ago. Pandora saw $336 million revenue and $0.04 earnings per share, compared to expectations of $332 million and $0.07 EPS. Q4 total listening hours hit 5.37 billion, up 4.5%… Read More

  • LinkedIn Tumbles 30% On Earnings Guidance

    LinkedIn Tumbles 30% On Earnings Guidance

    LinkedIn reported fourth quarter earnings after the bell Thursday. While the company beat analyst estimates on both income and revenue, the stock quickly tumbled 27 percent in after-hours trading, due to a disappointing outlook and earnings guidance. The job networking site said that revenue for first quarter of 2016 is expected to be $820 million and adjusted earnings per share will be 55 cents. Read More

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