Earnings

  • 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

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