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All Posts Tagged Tag: ‘Earnings’

BlackBerry Posts $965 Million Quarterly Loss

BlackBerry today announced its second quarter financial results, and they are exactly as bad as financial analysts expected. The company posted a $965 million loss, including $72 million in restructuring costs. The losses came on revenue of just $1.57 billion – down nearly 49%% from just the previous quarter. In addition to its losses, BlackBerry has started to whittle down …

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HP Shifts Leadership as Revenue Drops

Along with its third quarter 2013 results, HP this week announced that it is shuffling around its executive management. The company’s current COO, Bill Veghte will soon be the EVP and general manager of HP’s Enterprise division. According to HP, current Enterprise head Dave Donatelli will “take on a new role focused on identifying early-stage technologies…” HP’s Marketing and Communications …

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Cisco Layoffs And Guidance Send Stock Down Despite Earnings Hit

Cisco released its Q4 and fiscal year 2013 earnings on Wednesday, along with plans to lay off 4,000 employees. While the earnings managed to meet analysts’ expectations, the company’s stock is suffering on news of the job cuts. The layoffs, which the company is calling a “workforce rebalancing” will begin starting next quarter, and will amount to about 5% of …

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Google Was Not Kind To Demand Media In Q2

Demand Media just posted its earnings report for its Q2 earnings, with revenue and revenue ex-TAC up 9% year-over-year. Revenue growth, the company says, was primarily driven by 15% Owned & Opearted revenue growth. Registrar revenue grew by 10% year-over-year. Owned & Operated page views increased 33% year-over-year to 4.4 billion, the company says. This was driven primarily by mobile …

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Groupon Gets A CEO (Eric Lefkofsky), Posts Earnings

Groupon just released its earnings report for the second quarter, its second since former CEO Andrew Mason was fired. The company also took the opportunity to announce that it now has a permanent CEO – Eric Lefkofsky. Lefkofsky, one of Groupon’s co-founders, has been acting as chairman and co-CEO since Mason was let go, and the board apparently likes what …

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AOL Q2 Earnings Out, Global Ad Revenue Boosts Overall Revenue

AOL reported its Q2 earnings on Wednesday, in addition to the news that it is acquiring Adap.tv in CEO Tim Armstrong’s biggest deal yet. The company managed to beat Wall Street estimates. Revenue for the quarter grew 2% year-over-year thanks to global ad revenue growth (7% growth year-over-year). The company also saw 8% growth in global search revenue driven by …

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LinkedIn Q2 Earnings Out, Revenue Up 59% YoY

LinkedIn just released its earnings report for the second quarter, with revenue up 59% year-over-year at $363.7 million, beating Wall Street estimates. Net income was $3.7 million, compared to $2.8 million in the second quarter last year. The company also announced that its membership reached 238 million, with growth accelerated to 37% year-over-year. The growth, the company says, is mainly …

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Yelp Reports Q2 Earnings, Revenue Up 69%

Yelp released its earnings report for the second quarter on Wednesday with revenue up 69% year-over-year at $55 million, beating Wall Street expectations. The company also announced that cumulative reviews were up 41% year-over-year at over 42.5 million, average monthly unique visitors were up 38% to about 108 million, and active local business accounts grew 62% to about 51,400. “We …

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Facebook Posts $1.81 Billion Revenue, Ad Revenue Up 61%

Facebook just released its Q2 earnings report, including $1.81 billion in revenue, beating Wall Street expectations. EPS (Non-GAAP) were $0.19 for the quarter, also beating expectations. Revenue from advertising was $1.60 billion (88% of total revenue and up 61% year-over-year). Mobile ad revenue was about 41% of ad revenue for the quarter, while payments and other fees revenue was $214 …

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Netflix Earnings: Streaming Revenue Up 26% Domestically, 155% Internationally

Netflix just released its Q2 earnings report. In a letter to shareholders, CEO Reed Hastings and CFO David Wells say Netflix has grown to nearly 30 million domestic members and 8 million international members, and that Q2 streaming revenue was up 26% domestically and 155% internationally, year-over-year. Netflix says that of about $3 billion in content library net book value, …

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Google Earnings Released: Revenue And Paid Clicks Up, CPCs And Stock Down

Google just released its earnings report for the second quarter. The company missed Wall Street estimates, and it’s stock is headed downward. Revenue was up 19% year-over-year at $14.11 billion for the quarter. GAAP operating income for the quarter was $3.12 billion down from $3.24 billion in the second quarter last year. GAAP net income was $3.23 billion for the …

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Nokia Revenue Falls, 7.4 Million Lumia’s Sold in Q2

Nokia today released its second quarter 2013 earnings report. Though predictions for the company were not hopeful, Nokia managed to post a mixed bag of financial signals. The company posted a €115 million loss in operating profit, a massive improvement over the €824 million loss Nokia posted for the second quarter of 2012. However, Nokia’s net sales were down 3% …

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