Earnings

  • Tencent’s profit surges 69% thanks to its thriving games business

    Tencent’s profit surges 69% thanks to its thriving games business

    Tencent, Asia’s highest-valued technology company, has smashed analyst forecasts for its Q3 2017 after it posted a profit of 18 billion RMB ($2.7 billion) on revenue of 65.2 billion RMB ($9.8 billion). That blew past expectations of 15.7 billion yuan and 61 billion yuan, according to analysts polled by S&P Global Market Intelligence, thanks to its high-performing mobile and PC… Read More

  • Redfin shares fall 7% after real estate earnings disappoint

    Redfin shares fall 7% after real estate earnings disappoint

    Redfin, the real estate brokerage site, saw its shares tumble about 7 percent in after-hours trading, shortly after sharing its earnings. The newly public business may have disappointed Wall Street, but it’s still growing. Revenue was up 35 percent from last year and net income nearly doubled, from $5.7 million to $10.6 million. Read More

  • Snap is having a bad day

    Snap is having a bad day

    Ho boy — there are bad days and there are bad days in an earnings season, and this is definitely the latter for Snap. The company released its quarterly report for its financial performance in the third quarter this year, and as a result, the company’s stock is absolutely cratering. Read More

  • Snapchat share price craters on weak revenue and user growth in Q3 2017

    Snapchat share price craters on weak revenue and user growth in Q3 2017

    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. Read More

  • Big tech goes five for five Crunch Network

    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

    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 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 delivers on its much-hyped promise to Wall Street in spades

    Apple 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. Read More

  • Pandora misses a beat, shares down 6% after posting earnings

    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 percent year-over-year increase from last year. Yet it’s beneath the $380.57 million that analysts were expecting. Read More

  • Blue Apron shares trade down 9% after disappointing earnings

    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. Read More

  • Another blockbuster quarter for Alibaba as revenue surges 61%

    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

  • With Apple lawsuits still looming, Qualcomm beats revenue expectations

    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 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 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 company’s ability to hit those production targets. Read More

  • Yelp beats earnings, revises outlook after Eat24 sale

    Yelp beats earnings, revises outlook after Eat24 sale

    Yelp, the platform which connects consumers and local businesses, posted third-quarter earnings after the bell on Wednesday. Yelp’s net revenue for the third quarter was $222.4 million, 19 percent growth for the same period last year. This compares to analyst estimates of $220.8 million, according to Yahoo Finance. Adjusted net income was $25.4 million, compared to $18.4 million… Read More

  • GoPro stock dives 11% after-hours on poor guidance for holiday season

    GoPro stock dives 11% after-hours on poor guidance for holiday season

    While many were hoping that GoPro’s efforts to turn the company around would continue with its Q3 earnings release today, Wall Street did not like what they saw, sending GoPro’s stock diving 11 percent after-hours. GoPro beat expectations handily on both revenue and earnings per share, but it was the company’s poor forward-looking guidance that led investors to dump the stock… Read More

  • Fitbit beats analyst estimates but takes a net loss of $113 million in Q3

    Fitbit beats analyst estimates but takes a net loss of $113 million in Q3

    It seems Fitbit is only slightly benefitting from the news of its new products — particularly the Fitbit Ionic device. The company just reported it beat analyst estimates with a non-GAAP net loss per share of $0.01, with $393 million in revenue; though that’s down from the $504 million in revenue last October, leading to a net loss of $113 million, or 48 cents per share. Read More

  • Facebook beats in Q3 with $4.7B profit, record share price despite Russia

    Facebook beats in Q3 with $4.7B profit, record share price despite Russia

    Facebook is still in the middle of its House Intelligence Committee hearing about Russian election interference, but the looming concerns over misuse haven’t dampened its business as profits continue to soar and its share price hits an all-time high. Still, CEO Mark Zuckerberg saw it fit to break from his traditional “Our business is doing well” script to add “But none… Read More

  • Samsung posts another record profit thanks to its chips business

    Samsung posts another record profit thanks to its chips business

    Samsung posted another record quarter, and it again has its components business to thank for more stellar results. The Korea tech giant shrugged off scandals, which include a jail sentence for its de facto leader and last year’s Note 7 saga, to record a 14.53 trillion won ($12.92 billion) profit for the recent Q3 2017 period. Revenue came in at 62.05 trillion won ($55.18 billion), up… Read More

  • Sprint shares fall 9% on reports of failed T-Mobile merger

    Sprint shares fall 9% on reports of failed T-Mobile merger

    Sprint-owner SoftBank Group may be getting cold feet when it comes to the proposed T-Mobile U.S. merger. Sprint shares fell 9 percent following a report from the Nikkei that Softbank might be backing off from a potential agreement; T-Mobile shares fell 5 percent. According to the report, SoftBank is expected to approach Deutsche Telekom, the owner of T-Mobile as soon as Tuesday… Read More

  • AWS continues to rule the cloud infrastructure market

    AWS continues to rule the cloud infrastructure market

    AWS’s domination of the Infrastructure as a Service market continues unabated this quarter. Yes, Microsoft, Google, Alibaba and others continue to grow much faster than AWS, but that has not had a significant impact on AWS’s command over the IaaS market. For starters, AWS had a monster quarter posting $4.57 billion in revenue. That was higher than the $4.51 billion that was expected… Read More

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