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Cisco Cuts 6,000 Jobs As It Reports Better Than Expected Earnings

Cisco Cuts 6,000 Jobs As It Reports Better Than Expected Earnings

By Chris Crum August 14, 2014

Cisco announced on Wednesday that it will cut about 6,000 jobs or 8% of its total workforce. The news came as the company reported its earnings for its fourth quarter and fiscal year 2014, beating Wall Street estimates. Chairman and …

Yelp Profitable For First Time Since Going Public Yelp Profitable For First Time Since Going Public

Yelp just released its Q2 earnings report with revenue of $88.8 million, up 61% year-over-year. Net income was $2.7 million, or $0.04 per share, compared to a net loss of $(0.9) million, or $(0.01) per share in the same quarter …

Twitter Revenue Up 124%, Monthly Active Users Up 24% Twitter Revenue Up 124%, Monthly Active Users Up 24%

Twitter just released its earnings report for the second quarter. This is the company’s third such report since going public last year. The company beat analysts’ estimates, and stock is quickly taking off. Revenue was was $312 million, up 124% …

SiriusXM Sees Record Subscribers As Profit Declines SiriusXM Sees Record Subscribers As Profit Declines

Sirius XM released its earnings report for the second quarter. Profit was down 4.4%. While the company managed to add significantly to its revenue and subscriber count, these just weren’t enough to offset operating expenses. These expenses grew by 12% …

Amazon Reports 23% Sales Increase, $126 Million Loss Amazon Reports 23% Sales Increase, $126 Million Loss

Amazon just released its earnings report for the second quarter. Net sales were up 23% year over year at $19.34 billion, which is in tune with analysts’ expectations, though earnings per share were – $0.27, which is a greater loss …

Facebook Stock Opens at All Time High Facebook Stock Opens at All Time High

On the heels of a strong earnings report, Facebook stock soared in after hours trading and has carried that momentum into pre-market trading, hitting an all-time high. Wednesday afternoon, Facebook released its Q2 earnings, reporting revenue of $2.91 billion – …

Facebook Releases Earnings, Revenue Up 61% Facebook Releases Earnings, Revenue Up 61%

Facebook just released its Q2 earnings report with revenue of $2.91 billion, up 61% year-over-year. Revenue from advertising was $2.68 billion, up 67%, with mobile ad revenue representing 62% of all ad revenue. Payments and other fees accounted for $234 …

Apple Earnings Released, Revenue $37.4 Billion Apple Earnings Released, Revenue $37.4 Billion

Apple announced its earnings for its fiscal 2014 Q3 (ended June 28). This includes revenue of $37.4 billion, and net profit of $7.7 billion, or $1.28 per diluted share. These are up from $35.3 billion revenue, net profit of $6.9 …

Microsoft Earnings Released, Revenue $23.38 Billion Microsoft Earnings Released, Revenue $23.38 Billion

Microsoft just released its earnings report for FY14 Q4 with revenue of $23.38 billion, gross margin of $15.79 billion, operating income of $6.48 billion, and diluted EPS of $0.55 per share. CEO Satya Nadella said, “We are galvanized around our …

Netflix Releases Earnings, Has 50 Million Members Netflix Releases Earnings, Has 50 Million Members

Netflix just released its earnings report for the second quarter, and announced that it has surpassed 50 million global members. That means they’ve added roughly two million since last quarter. 36 million of them are in the U.S. The company …

Google Penalty Costs eBay Big Time Google Penalty Costs eBay Big Time

Back in May, when Google launched a new version of the Panda update, some quickly noticed that eBay seemed to be taking a hit in the rankings. It turned out that it was apparently at the hands of a manual …

Google's Chief Business Officer Steps Down Google's Chief Business Officer Steps Down

Google just released its Q2 earnings report, along with news that its Chief Business Officer Nikesh Arora is leaving the company. Arora has been with Google for nearly ten years. He will be joining SoftBank, which happens to be one …

eBay Earnings Released, Revenue Up 13% eBay Earnings Released, Revenue Up 13%

eBay just released its earnings report for the second quarter with revenue growth of 13%, commerce volume growth of 26%, GAAP and non-GAAP EPS growth of 9%, and the announcement that it has repurchased $1.7 billion in stock. Revenue was …

Yahoo Earnings Released, Revenue $1.04 Billion Yahoo Earnings Released, Revenue $1.04 Billion

Yahoo just released its earnings report for the second quarter, missing Wall Street estimates with revenue of $1.04 billion. CEO Marissa Mayer didn’t sugar coat it. “Our top priority is revenue growth and by that measure, we are not satisfied …

Rite Aid Stock Down on Poor Earnings Update Rite Aid Stock Down on Poor Earnings Update

Stock in Rite Aid Corporation is tumbling today following a dismal earnings update by the company. On Thursday Rite Aid released sales results for May and updated its quarterly and yearly earnings estimates, previewing a year of worse-than-expected earnings. Rite …

Groupon Earnings Released: 'We Had A Record Quarter' Groupon Earnings Released: 'We Had A Record Quarter'

Groupon just released its earnings report for the first quarter with gross billings of $1.82 billion and revenue of $757.6 million. Gross billings (the total dollar value of customer purchases of goods and services, excluding applicable taxes and net of …

LinkedIn Earnings Released, Revenue Up 46% LinkedIn Earnings Released, Revenue Up 46%

LinkedIn just released its earnings report for the first quarter with revenue of $473.2 million, up 46% year-over-year. The company managed to beat analysts’ expectations. The company reminds us that it has over 300 million members, which it announced a …