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Earnings (50)

ExxonMobil Posts $680 Million Q3 Loss, Tops Revenue Forecast - TheStreet
Submitted 123 day(s) ago by system

ExxonMobil posted a narrower-than-expected third quarter loss Friday, following a similar report from rival Chevron as the biggest U.S. oil companies continue to focus on cost cuts amid a plunge in global oil prices.

Apple Earnings This Week: What Wall Street Is Saying - TheStreet
Submitted 127 day(s) ago by system

Apple on Thursday is expected to report earnings of 71 cents a share on revenue of $64.16 billion. Here's a sample of Wall Street's commentary.

Apple Event: New Watch, iPad Expected as iPhone Seen Coming Later - WSJ
Submitted 168 day(s) ago by system

Apple will hold its first virtual-only product reveal at 1 p.m. New York time from its headquarters. The company is expected to focus on the new Watch Series 6 and iPad Air while the newest iPhone is expected to be revealed next month.

Dell's Quarterly Results Beat Estimates on Remote Work Boost | Technology News
Submitted 180 day(s) ago by system

Dell on Thursday posted a smaller-than-expected drop in quarterly revenue and beat profit estimates on robust demand for its notebooks and software products for remote work and online learning.

Nvidia Beats Estimates but Disappoints on Data Centre Performance | Technology News
Submitted 188 day(s) ago by system

Nvidia forecast third-quarter sales above expectations on Wednesday, but results from the data center business of the rising semiconductor industry star disappointed some investors, pressuring shares.

Lenovo Posts Jump in PC Sales on Remote Working Trend | Technology News
Submitted 200 day(s) ago by system

Lenovo Group, the world's biggest PC maker, smashed expectations with a 31 percent leap in first-quarter net profit, as the coronavirus pandemic spurs businesses to shift to remote work and schools to switch to online learning.

Angry Birds Maker Rovio Happy as Stay-at-Home Gaming Boosts Profit | Technology News
Submitted 200 day(s) ago by system

Rovio Entertainment, maker of the 10-year-old Angry Birds mobile game series, on Friday reported a 160 percent jump in second-quarter adjusted operating profit, helped by increased player engagement amid COVID-19 lockdowns.

Uber Rides Take COVID-19 Hit but Food-Delivery Business Doubles | Technology News
Submitted 207 day(s) ago by system

Homebound customers of Uber Technologies more than doubled their orders from the company's food-delivery service in the second quarter but demand for ride-hailing trips only marginally recovered from pandemic rock-bottom.

Sony Beats Estimates on Gaming, Entertainment Amid Lockdown | Technology News
Submitted 207 day(s) ago by system

Sony on Tuesday reported a 1.1 percent decline in first-quarter operating profit, much milder than market estimates as its gaming business thrived while consumers locked down at home looked for entertainment and downloaded more games. The electronics and entertainment firm posted April-June profit of JPY 228.4 billion ($2.15 billion), versus JPY 230.9 billion a year prior.

PS4 Digital Sales Grew 83 Percent in Lockdown-Hit Quarter | Technology News
Submitted 207 day(s) ago by system

PlayStation digital sales grew nearly 83 percent year-on-year in this past lockdown-hit quarter, bringing in over JPY 394 billion. More than 112 million PS4 consoles have been sold worldwide and PlayStation Plus is now up to nearly 45 million members.

Nintendo Profit Jumps 428 Percent Thanks to Animal Crossing: New Horizons | Technology News
Submitted 207 day(s) ago by system

Nintendo had a terrific lockdown-hit quarter thanks to Animal Crossing: New Horizons, with operating profit jumping 428 percent year-on-year to nearly JPY 145 billion. The new Animal Crossing title is now up to 22.4 million units, second only to Mario Kart 8 Deluxe (26.74 million).

Siemens Healthineers to acquire Varian for $16.4 billion - Reuters
Submitted 212 day(s) ago by system

German health group Siemens Healthineers said on Sunday it would acquire Varian Medical Systems Inc in a deal that values the U.S. maker of devices and software for cancer treatments at $16.4 billion.

Spotify Hits 138 Million Paid Subscribers as Music Streaming Demand Rebounds | Technology News
Submitted 213 day(s) ago by system

Spotify has reached 138 million paid subscribers, saying that demand for music streaming has rebounded from its coronavirus-related weakness at the beginning of this quarter.

Samsung Says Strong Demand for Memory Chips Overcame Impact of Pandemic on Smartphone Sales | Technology News
Submitted 213 day(s) ago by system

Samsung Electronics reported Thursday its net profit grew 7.3 percent year-on-year in the second quarter, with strong demand for memory chips overcoming the impact of the coronavirus pandemic on smartphone sales.

PayPal Says Profit Jump Flags Shift From Cash Payments in Stores | Technology News
Submitted 213 day(s) ago by system

PayPal said that a surge in e-commerce transactions and new accounts that drove quarterly profits 86 percent higher is continuing and it would support additional investments in mobile-payment tools.

Amazon Posts Biggest Profit Ever at Height of Pandemic | Technology News
Submitted 213 day(s) ago by system

Amazon posted the biggest profit in its 26-year history as online sales and its lucrative business supporting third-party merchants surged during the coronavirus pandemic.

Google Parent Alphabet Sees Ad Rebound Offset Its First-Ever Sales Drop | Technology News
Submitted 213 day(s) ago by system

Google's ad sales have recovered since plummeting in March during the coronavirus pandemic, parent Alphabet said on Thursday, easing concerns about its first quarterly sales slide in its 16 years as a public company.

Facebook Q2 Profit Nearly Doubles as Monthly Active Users Top 3 Billion | Technology News
Submitted 213 day(s) ago by system

Facebook reported that its quarterly profit had nearly doubled, and users grew despite a boycott by advertisers and the pandemic-induced economic turmoil. He said that the number of people using Facebook’s overall family of apps each month topped three billion.

Apple Delivers Blowout Q2 Results, Market Shrugs Off iPhone Delays | Technology News
Submitted 213 day(s) ago by system

Apple delivered blowout quarterly results, reporting revenue gains across every category and in every geography. Apple CFO Luca Maestri confirmed a delay in this year’s iPhone launch. However, executives predicted continued strong performance from the company's products.

Nokia Posts Surprise Second-Quarter Profit Jump as Pekka Lundmark Is Poised to Take Over as CEO | Technology News
Submitted 213 day(s) ago by system

Nokia reported an unexpected rise in its Q2 underlying profit despite the COVID-19 crisis, while its new CEO Pekka Lundmark takes over this weekend.

EA Posts Strong Results on Increased Player Engagement, Video Game Sales During Pandemic | Technology News
Submitted 213 day(s) ago by system

Electronic Arts on Thursday raised its full-year forecast for adjusted revenue after beating quarterly estimates, encouraged by strong player engagement and increased videogame sales to stuck-at-home gamers.

Tagrisso, other cancer drugs hand AstraZeneca one of pharma's rare pandemic sales gains | FiercePharma
Submitted 214 day(s) ago by system

Against the backdrop of several pharma companies reporting second-quarter sales declines thanks to COVID-19, AstraZeneca represents a rare exception, thanks to a strong performance by its oncology medicines. But China growth, normally strong, slowed down as Pulmicort tumbled.

U.S. stock futures rise after impressive earnings from tech giants - MarketWatch
Submitted 214 day(s) ago by system

U.S. stock index futures gained late Thursday, after blowout earnings by some of tech's biggest companies. As of midnight Eastern, Dow Jones Industrial...

U.S. stock futures rise ahead of big earnings week - MarketWatch
Submitted 218 day(s) ago by system

U.S. stock index futures rose late Sunday, ahead of a busy earnings week. As of midnight Eastern, Dow Jones Industrial Average futures undefined were up...

IBM Posts Gains as Customers Accelerate Shift to Cloud | Technology News
Submitted 220 day(s) ago by system

IBM beat estimates for second-quarter profit on Monday and signalled that demand in its cloud computing business would get a boost as large corporations accelerate their digital shift due to the coronavirus crisis.

Snapchat's Coronavirus-Led User Growth Slowed Down Sooner Than Expected | Technology News
Submitted 220 day(s) ago by system

Snap said on Tuesday a bump in user growth at the start of coronavirus-led lockdowns petered out sooner than expected, and it forecast fewer current-quarter users than the Wall Street consensus.

Tesla Reports Surprise Profit Despite COVID-19 Upheaval | Technology News
Submitted 220 day(s) ago by system

Tesla reported a surprise second-quarter profit Wednesday as it confirmed ambitious targets for 2020 car deliveries despite the coronavirus pandemic and announced plans for a new auto factory in Texas.

Ubisoft Vows Action on Allegations as It Posts Bookings Beat | Technology News
Submitted 220 day(s) ago by system

Ubisoft said it was bringing in "profound changes" following allegations of inappropriate behaviour at the group, as it reported higher-than-forecast net bookings for its fiscal first quarter.

Twitter Reports Highest Ever Growth in Monetisable Daily Active Users, Reaches 186 Million | Technology News
Submitted 220 day(s) ago by system

Twitter reported its highest-ever yearly growth of daily users who can view ads, beating analysts' estimates on usage.

LG Display Posts Widened Loss Amid Weak TV Demand | Technology News
Submitted 220 day(s) ago by system

LG Display said on Thursday it expects profitability to improve in the second half of this year, despite a larger operating loss as people shied away from buying TV sets during the coronavirus pandemic.

Samsung Electronics Flags Second-Quarter Profit Jump on Solid Chip Demand, One-Off Gains From Apple | Technology News
Submitted 238 day(s) ago by system

Samsung Electronics flagged a 23 percent rise in second-quarter operating profit on Tuesday, beating analysts' estimates on solid chip sales to data centres catering for a work-from-home economy during the coronavirus pandemic.

Vodafone Idea Sees Subscriber Base Drop to 29.1 Crores, Posts Biggest Ever Loss by an Indian Firm | Technology News
Submitted 243 day(s) ago by system

Vodafone Idea, the country's third largest telecom operator, on Wednesday reported a staggering Rs. 73,878 crores of net loss in fiscal ended March 2020 - the highest ever by any Indian firm - after it provisioned for Supreme Court mandated statutory dues.

Lenovo Sees Growth in Last Quarter as More People Work From Home | Technology News
Submitted 285 day(s) ago by system

Net profit tumbled 64 percent in January-March to $43 million (roughly Rs. 325 crores) but was ahead of a Refinitiv consensus estimate of $7.5 million (roughly Rs. 56.7 crores). Revenue slid 9.7 percent to $10.6 billion (roughly Rs. 80,237 crores).

Foxconn Sees Record Profit Fall as Coronavirus Guts Smartphone Demand | Technology News
Submitted 286 day(s) ago by system

The group's total work hours had dropped by over 20 percent due to the outbreak, which also caused it estimated TWD 10 billion (roughly Rs. 2,530 crores) in additional costs, according to chief financial officer David Huang.

SoftBank Racks Up Losses as Vision Fund Investments Plunge | Technology News
Submitted 286 day(s) ago by system

SoftBank Group racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing venture WeWork.

Twitter Swings to Loss Despite User Surge in Pandemic | Technology News
Submitted 305 day(s) ago by system

Last month, Twitter dialed back its financial guidance as a result of the COVID-19 outbreak, which has dealt a blow to the global economy and advertising, which makes up the bulk of its revenues.

Apple Sees iPhone Revenues Fall in Q1, as Services and Wearables Help It Grow | Technology News
Submitted 305 day(s) ago by system

Apple on Thursday reported profit slipped as it boosted revenue from services and wearables in a pandemic-cobbled start to the year for the iPhone maker.

Amazon Warns Coronavirus Expenses Could Make It Post First Quarterly Loss in Five Years | Technology News
Submitted 305 day(s) ago by system on Thursday said it could post its first quarterly loss in five years even as revenue surges because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workforce for COVID-19.

Amazon Says Biggest Impact of Coronavirus on Its Business Globally Has Been in India | Technology News
Submitted 305 day(s) ago by system

Amazon has seen the biggest impact of the COVID-19 spread on its business internationally in India, Chief Financial Officer (CFO) Brian Olsavsky has said during its first quarter earnings call.

Microsoft's Remote Work Revenue Could Help Cushion Coronavirus Impacts, Analysts Say | Technology News
Submitted 306 day(s) ago by system

The Teams app, in particular, has benefited from stay-home orders in many countries, hitting 44 million users last month.

Google Parent Alphabet Says Ad Sales Steady After Coronavirus Drop, Warns of Difficult Q2 | Technology News
Submitted 306 day(s) ago by system

A drop in Google ad sales steadied in April and some consumers returned to using the search engine for shopping in addition to finding novel coronavirus information, parent Alphabet said on Tuesday.

Samsung Sees Coronavirus Hit Sales of Smartphones, TVs, Expects Further Fall in Q2 | Technology News
Submitted 306 day(s) ago by system

Samsung Electronics said on Wednesday it expected profit to decline in the current quarter due to a coronavirus-related slump in sales of smartphones and TVs, although the chip business would remain solid.

Spotify Paid Music Subscribers Rise to 130 Million, Beats Quarterly Estimates | Technology News
Submitted 306 day(s) ago by system

"We are fortunate that as a business we are able to operate with very little disruption and our hope is that providing music, information, and an escape for many can provide some joy and comfort," the company said in a statement.

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