Tag "earnings"

Twitter reports first-ever net profit

By : CIOL Writers

After a wait of 12 long years, Twitter reported a net profit for the first time pulling in $91 million on $732 million in revenue, a 2 percent rise year-over-year. Though the overall user numbers were flat, but the company was still

Snap posts first ever better than expected earnings

By : CIOL Writers

After waiting for it forever, Snapchat parent company, Snap finally posted its first ever better than expected earnings for Q4 2017. Snap’s fourth quarter earnings were significantly higher than Wall Street expectations, with sales of $285.7 million, or a 72 percent

Alphabet reports $3B in losses in Q4; names Eric Schmidt’s replacement

By : CIOL Writers

Alphabet, the parent company of Google, has announced the fourth quarter results for the fiscal year ended December 31, 2017. The California-based company reported a loss of $3 billion for the fourth quarter as it set aside $ 11 billion

Apple posts a record $88.3B in Q1

By : CIOL Writers

Apple posted its earnings for the first quarter of the fiscal year 2018 (a period from October to December 2017). The company posted a record revenue of $88.3 billion, which was nearly $10 billion or 13 percent up over revenue from

Facebook beats expectations but witnesses slow user growth for Q4

By : CIOL Writers

Facebook reported strong fourth-quarter earnings and revenue on Wednesday despite the fact that users spent tens of millions of hours less with the social network each day. Facebook reached $12.97 billion in revenue with $2.21 adjusted GAAP earnings per share if you don’t

Amazon posts record profits for the holiday quarter

By : CIOL Writers

Amazon reported strong fourth-quarter earnings reflecting strong holiday sales and growth in its cloud business. The e-commerce giant posted revenue of $60.45 billion that marks a 38.2 percent jump from the previous quarter’s reported revenue of $43.7 billion. Net income was $1.9 billion

Microsoft’s Azure witnesses 98pc growth in Q2

By : CIOL Writers

Microsoft posted better-than-expected earnings for the second quarter of its 2018 fiscal year, which ended on December 31. The company reported a revenue of $28.9 billion, up 12 percent year over year and net income of $7.5 billion. As usual, Cloud was

Salesforce delivers another strong quarter with revenue growth of 25pc

By : CIOL Writers

Salesforce posted strong third-quarter earnings, with revenue up by 25 percent to $2.68 billion. The company also raised its full-year fiscal 2018 revenue guidance to range between $10.43 billion and $10.44 billion. “In fact as the fastest growing enterprise software company ever to

Nvidia posts better-than-expected Q3 financial results

By : CIOL Writers

Nvidia reported stronger-than-expected third-quarter financial results posting adjusted earnings of $1.33 per share on revenue of $2.64 billion. Nvidia’s gaming revenue grew 25 percent year-over-year to $1.56 billion, making up the biggest portion of the company’s top line. Data center chips were the biggest

Facebook stock soars; unaffected by the Russian ad issue

By : CIOL Writers

It seems that Facebook is unaffected by the Russian ads issue. The company’s third quarter has soared dramatically 79 percent and revenues were up nearly 50 percent in the third quarter as marketers poured money into Facebook’s advertising offerings, as reported

Tesla posts record quarterly loss with sluggish Model 3 production

By : CIOL Writers

When Tesla reported its third-quarter financial results on Wednesday, it missed earnings forecasts by quite a bit. The company posted wider-than-expected loss at $619 million as it spent heavily to ramp up production of its Model 3, its first mass market electric

Qualcomm beats estimates for Q4 amid legal battle with Apple

By : CIOL Writers

Qualcomm may be facing a string of lawsuits from Apple but that did not seem to have affected Qualcomm’s fourth quarter financial results. While the Wall Street was expecting $5.8 billion and 81 cents per-share, the semiconductor giant reported $5.96 billion in

Jeff Bezos overtakes Bill Gates to become the world’s richest man

By : CIOL Writers

Jeff Bezos became the richest man in the world after Amazon’s shares surged which increased his wealth to more than $90 billion, according to the calculations by CNBC. This puts him ahead of Bill Gates to become the richest man

Alphabet beats estimates yet again, thanks to booming advertising business

By : CIOL Writers

Alphabet reported strong third-quarter sales and earnings that topped analysts’ expectations courtesy strong growth in mobile search, programmatic advertising and smartphone use. Alphabet‘s shares were up nearly 3 percent at $1,020 in after-hours trading. Third-quarter revenue for Alphabet, the parent company of

Amazon’s shares soar as it posts strong third-quarter earnings

By : CIOL Writers

Amazon has announced its third-quarter earnings which surpassed the Wall Street expectations yet again. The e-commerce giant announced that its sales have increased by 34 percent during the third quarter to $43.7 billion. Shares also increased by more than 7

Microsoft beats Wall Street expectations on strong cloud performance

By : CIOL Writers

Microsoft posted better than expected quarterly profit on Thursday on the back of strong cloud performance. While the Wall Street was expecting the company to report revenue of $23.56 billion and earnings per share of $0.72, the actual reported figures stood at $24.5

Netflix beats expectations yet again outstripping its own growth estimates for Q3

By : CIOL Writers

Despite a recent price hike in subscription rates, Netflix is steadily growing both in terms of revenues and subscribers. Beating Wall Street’s expectations, Netflix added 5.3 million new subscribers this quarter, with 850,000 coming in the US and 4.45 million coming

Apple’s shares are soaring high after a record Q3 earnings

By : CIOL Writers

When Apple reported fiscal third-quarter earnings on Tuesday, it not only beat analysts’ expectations but also posted its best growth in seven quarters as shipments of Apple iPhones rose 1.6 percent to 41.03 million. The company posted quarterly revenue of $45.4 billion and

Amazon beats revenue estimates but misses on profit in Q2

By : CIOL Writers

Amazon’s earnings plunged 77 percent in the second quarter of 2017 as the company continues to invest in new areas of growth, leading to its lowest quarterly net income since the third quarter of 2015. The company posted a revenue

Twitter’s stock tanks as it reports flat user growth in Q2

By : CIOL Writers

Though 2017 started on a promising note for Jack Dorsey, Twitter’s Q2 earnings reveal that Dorsey’s company isn’t in a good shape. The micro-blogging site posted a lower than expected number of monthly active users which stood at 328 million, unchanged