Earnings

  • Tencent posts $21.9 billion in annual revenue, its highest growth since 2012

    Tencent posts $21.9 billion in annual revenue, its highest growth since 2012

    Tencent may be more than a decade old but the Chinese internet giant continues to grow at pace after it posted its most significant jump in annual revenue for four years. The firm, best known for China’s dominant messaging app WeChat, announced total revenue of RMB 151.9 billion ($21.9 billion) for its fiscal 2016. That’s up 48 percent year, its biggest leap since 2012, when… Read More

  • Chinese dating app Momo sees record revenue growth thanks to live streaming

    Chinese dating app Momo sees record revenue growth thanks to live streaming

    Momo, China’s top location-based social networking app, has continued its impressive user growth from last year and added solid financial figures to back it up, according to its most recent earnings report. The company, which was previously backed by Alibaba, went public when it listed on Nasdaq in December 2014. Read More

  • Box’s Levie touts positive cash flow

    Box’s Levie touts positive cash flow

    Cloud content management company Box posted fourth-quarter earnings after the bell on Wednesday with shares quickly plummeting in initial after-hours trading. They mostly recovered, trading down just 1 percent by late afternoon. Box beat investor expectations with an adjusted loss of 10 cents per share versus the negative 14 cents forecast. Revenue for the quarter was also a beat at… Read More

  • Tesla CFO Jason Wheeler is leaving, former CFO Deepak Ahuja returns

    Tesla CFO Jason Wheeler is leaving, former CFO Deepak Ahuja returns

    Tesla announced on its earnings call that CFO Jason Wheeler has decided to leave the company in April to pursue opportunities in public policy. He’ll be replaced by Deepak Ahuja, who was Tesla’s first CFO when he joined the company in 2010 after 15 years of experience at Ford Motor Company. Elon Musk sounded upbeat and jocular about the news on the call, and he also noted, as… Read More

  • Fitbit reveals it paid $23 million to acquire Pebble’s assets

    Fitbit reveals it paid $23 million to acquire Pebble’s assets

    Among the tidbits found in Fitbit’s disappointing new financial filing is the fact that it apparently picked up Pebble’s assets for a relative song. Although the company didn’t reveal the actual numbers when the acquisition was announced, reports pegged it at upwards of $40 million. According to today’s filing, the amount Fitbit paid is actually $23 million. Read More

  • Square beats the street thanks to growth of new products

    Square beats the street thanks to growth of new products

    While Twitter continues to struggle as a public company, Jack Dorsey’s other business seems to be doing pretty well. Today payments company Square announced earnings, beating the street with a narrower loss than expected — $0.04 per share — on revenues of $452 million for the fourth quarter 2016. Read More

  • Pandora falls 4% on earnings news

    Pandora falls 4% on earnings news

    Internet music giant Pandora fell 4 percent in initial after-hours trading after the company released its fourth-quarter 2016 earnings results. Pandora actually beat expectations, but this was already worked into the stock because the company announced last month that they would beat guidance. Investors were apparently looking for something better. The earnings per share loss came in at 13… Read More

  • AWS still owns the cloud

    AWS still owns the cloud

    When Amazon announced its earnings for its Amazon Web Services cloud division on Thursday, the results were hardly surprising. While AWS might not have the eye-popping growth percentages of its rivals, it still grew at a decent 47 percent, with earnings of $3.53 billion on an astonishing $14.2 billion run rate. You may point to the rivals and say, well, they had better quarters from a… Read More

  • GoPro stock crashes more than 10% after failing to meet Wall Street’s expectations

    GoPro stock crashes more than 10% after failing to meet Wall Street’s expectations

    GoPro today reported its fourth-quarter and year-end earning results. And they weren’t good. The stock is currently falling like a recalled GoPro Karma drone. It’s down 10 percent in after-hours trading. The company reported $540 million in fourth-quarter revenue, with a net income loss of $.082 a share. That’s under what analysts expected. And the company didn’t fare… Read More

  • Amazon fumbles earnings amidst high expectations

    Amazon fumbles earnings amidst high expectations

    Mixed faces in Seattle today as Amazon delivered its Q4 2016 earnings. The e-commerce company reported lower than expected revenue of $43.74 with better than expected earnings per share of $1.54. Expectations had been high in the run up to the release. Wall Street consensus was that Amazon would deliver revenue of $44.68 billion with $1.35 earnings per share. In the immediate moments… Read More

  • Sony’s profit drops 84% to $169M as film business takes $920M write-down

    Sony’s profit drops 84% to $169M as film business takes $920M write-down

    Sony’s PlayStation business was one of a few bright spots from its latest financial report, which was overshadowed by a near billion-dollar write-down for its film business. The Japanese tech giant posted a 19.6 billion JPY ($169 million) profit on revenue of 2,397.5 billion JPY ($20.7 billion) for Q3. Revenue was down seven percent year-on-year, but net profit sunk by 84 percent… Read More

  • Facebook beats in Q4 with $8.81B revenue, slower growth to 1.86B users

    Facebook beats in Q4 with $8.81B revenue, slower growth to 1.86B users

    Facebook had another strong quarter in Q4 2016, earning $8.81 billion in revenue and $1.41 EPS. It pulled that from 1.86 billion monthly users, up 3.91 percent this quarter, or 70 million users, from 1.79 billion, but at a slower pace than its 4.67 percent growth last quarter. Mobile now makes up 84 percent of its ad revenue, the same as last quarter, accounting for $7.248 billion… Read More

  • 10 big earnings questions Facebook probably won’t answer

    10 big earnings questions Facebook probably won’t answer

    Teens and Snapchat? Instagram earning money finally? The impact of the fake news scandal? These are what we wish Facebook would talk about on today’s Q4 earnings call. Facebook’s business is expanding in every direction, but it breaks out very little of that, keeping investors and the public in the dark about its newer revenue streams. Meanwhile, controversies and competition can… Read More

  • Apple breaks iPhone sales record with 78.3 million units sold in the holiday quarter

    Apple breaks iPhone sales record with 78.3 million units sold in the holiday quarter

    With another big holiday quarter behind it, Apple saw revenues from its flagship iPhone product rise to $54.4 billion, up from $51.6 billion a year earlier. That revenue growth came as Apple reported units sold rose 5 percent to 78.3 million in its fiscal first quarter of 2017. That was a record for sales, and also beat analysts expectations by a couple of million. Wall Street forecast… Read More

  • Apple shares up 3% after company beats earnings expectations

    Apple shares up 3% after company beats earnings expectations

    Apple’s latest quarter surpassed earnings expectations, sending the stock up about 3% in initial after-hours trading. Its fiscal first quarter of 2017 saw record earnings of $3.36 per share, well above the $3.21 forecast by Wall Street. Revenue also beat, coming in at $78.4 billion, versus the $77.3 analysts were predicting. Investors were pleased that the company sold 78.3 million… Read More

  • Nintendo reports $569M profit as Pokémon game sales get off to good start

    Nintendo reports $569M profit as Pokémon game sales get off to good start

    Nintendo only takes a fraction of the revenue from Pokémon Go, the smash hit game of 2016, but its popularity has certainly boosted its own Pokémon games as evidenced by the company’s latest financial report. Nintendo reported a 64.7 billion JPY ($569 million) profit on revenue of 174.3 billion JPY ($1.5 billion). That’s a return to the black following a $57.1 million loss… Read More

  • Microsoft Q2 earnings edge higher on Office and cloud services growth

    Microsoft Q2 earnings edge higher on Office and cloud services growth

    Microsoft reported financials for its fiscal second quarter today, posting earnings of $0.83 per share on $26.1 billion in revenue. That compares with Wall Street’s forecast of $0.79 per share on revenue of $25.3 billion for the quarter, and earnings of $0.78 per share on revenue of $25.7 billion a year ago. Read More

  • PayPal continues to see strong revenue growth

    PayPal continues to see strong revenue growth

    PayPal reported fourth quarter earnings after the bell on Thursday, and they were just what investors were expecting. The stock was flat in initial after-hours trading. Revenue came in at $2.98 billion, which is on par with analyst estimates and a 17% increase from last year. Adjusted earnings per share was 42 cents, which is also what Wall Street was forecasting. Total payment volume was… Read More

  • EBay meets investor expectations for holiday quarter

    EBay meets investor expectations for holiday quarter

    EBay reported its fourth quarter earnings for the bell. Investors were closely watching the holiday quarter to see if it met expectations, which it did. The stock rose 7% in initial after hours trading. Gross merchandise volume, a metric of that shows the total dollar value of all purchases on eBay’s platforms, came in at $22.3 billion, when analysts were expecting $22.4 billion. Read More

  • LG posts $224 million loss as ‘weak’ selling G5 smartphone drags it down once again

    LG posts $224 million loss as ‘weak’ selling G5 smartphone drags it down once again

    Samsung just recorded its best quarter of business for three years, but the same can’t be said of fellow Korean electronics firm LG. LG just carded a KRW 258.80 billion ($223.98 million) net loss for Q4 2016 — its first company-wide loss for six years — on account of another poor performance from its mobile division, as revenue fell by nearly one-quarter over the… Read More

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