Tag "earnings"

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

Samsung posts record profit in Q2 courtesy booming chip business

By : CIOL Writers

Leaving behind all the scandals and fiascos of 2016, Samsung reported a record operating profit of 14.07 trillion won ($12.6 billion US) in Q2 2017. The Korean electronics giant pulled in a revenue of 61 trillion won ($54.8 billion) during the three-month period,

Facebook beats expectations yet again with $9.3B revenue in Q2

By : CIOL Writers

Facebook is upbeat with a strong Q2 2017 earnings report despite slower user growth. The social networking giant generated close to $9.32 billion in revenue during its second quarter, compared to $6.4 billion during the same quarter last year. The company’s net

Microsoft beats expectations yet again on the back of booming cloud business

By : CIOL Writers

Microsoft beat expectations yet again posting much better profits in its fiscal fourth quarter than expected, thanks to strong Cloud performance. The Redmond-based company reported non-GAAP revenue of $24.7 billion and GAAP earnings per share of $0.83 (and non-GAAP earnings per