earnings

  • Sony says annual earnings will be hurt by last month’s Kumamoto earthquake

    Sony says annual earnings will be hurt by last month’s Kumamoto earthquake

    Sony warned that its annual earnings will be lower than expected as it recovers from an earthquake that struck the south of Japan last month. The company had previously delayed its forecast for fiscal year 2017 as it assessed the impact of damages. Read More

  • Tesla is selling $2 billion in stock to fuel Model 3 production

    Tesla is selling $2 billion in stock to fuel Model 3 production

    Tesla — with a significant chunk contributed by Elon Musk — is selling around $2 billion worth of stock in an equity offering in order to accelerate production of the Model 3, according to a regulatory filing filed today. The company is selling 6.8 million shares in the stock offering, which at its current price of around $205 amounts to roughly $1.4 billion. Musk is selling… Read More

  • Another big investor bought up about $1 billion in Apple shares

    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

  • Acacia soars 35% in second tech IPO of the year

    Acacia soars 35% in second tech IPO of the year

    It has been a terrible year for tech IPOs. Until now, only SecureWorks braved the market and it didn’t go well. But Acacia Communications braved the public markets today and outperformed expectations. After pricing its offering at the top of the range at $23 per share, the company soared to above $30 in its first day of trading, yielding a market cap of above $1 billion. Read More

  • Fitbit shares tank after reporting a weak outlook amid rising competition

    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

  • Twitter’s dysfunctional Wall Street relationship

    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

  • Apple, Alphabet, Amazon and every other letter had a wild week on Wall Street

    Apple, Alphabet, Amazon and every other letter had a wild week on Wall Street

    This week was completely loaded with earnings reports from some of the biggest tech companies in the world — and it was a crazy week of swings for most of the companies that reported. There’s a running theme here: growth is being heavily rewarded — and lack of growth, punished — by Wall Street. And that’s especially true when it comes to more mature companies. Read More

  • LinkedIn up 5% after beating earnings expectations

    LinkedIn up 5% after beating earnings expectations

    LinkedIn surprised Wall Street on Thursday, with better-than-expected first quarter results. Shares jumped about 5 percent in after-hours trading. The company reported adjusted earnings per share of 74 cents, significantly higher than the expected 60 cents. Revenue for the quarter was $861 million, above the anticipated $828 million and a 35 percent year-over-year increase. This was a… Read More

  • Pandora up 6% on strong earnings but Rdio and Ticketfly buys don’t pay much yet

    Pandora up 6% on strong earnings but Rdio and Ticketfly buys don’t pay much yet

    Pandora continues to flail as Internet radio becomes just a feature baked into competitors like Spotify and Apple Music, but at least it had strong Q1 2016 earnings today. Pandora pulled in $297.3 million revenue and had $-0.20 Non-GAAP EPS, compared to estimates of $-0.32 Non-GAAP EPS. [Correction: $-0.51 EPS is GAAP, meaning results were a beat, not mixed.] That revenue came from ads… Read More

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