Quantcast

Financial Articles

Ancestry.com Sold To Private Equity Firm For $1.6 Billion Ancestry.com Sold To Private Equity Firm For $1.6 Billion
· 4

Online genealogy site Ancestry.com has agreed to be purchased by European private equity firm Permira for $1.6 billion ($32.00 per share). Ancestry.com President and CEO Tim Sullivan and CFO and COO Howard Hochhauser will maintain a majority of their equity …

Microsoft Earnings Released, Company Posts $16.01 Billion In Revenue Microsoft Earnings Released, Company Posts $16.01 Billion In Revenue

Microsoft managed to release its FY13 Q1 earnings report today without all the craziness that accompanied Google’s. Revenue was $16.01 billion for the quarter. Operating income, net income, and diluted earnings per share for the quarter were $5.31 billion, $4.47 …

Google Earnings Report Accidentally Released, Shares Tumble Google Earnings Report Accidentally Released, Shares Tumble

Google accidentally leaked its Q3 earnings today, ahead of schedule. The company missed analysts’ estimates, and as a result, shares are tumbling. As of the time of this writing they’re at $687.39 (-68.10‎, -9.01%). The earnings release is currently displayed …

eBay Reports Q3 Earnings: Revenue Up 15% YoY eBay Reports Q3 Earnings: Revenue Up 15% YoY

eBay reported its Q3 earnings on Wednesday. The financials come a week after the company launched a big redesign to its flagship site. The company posted revenue of $3.4 billion for the quarter, up 15% year-over-year. Net income on a …

iPhone 5 Initial Sales Will Be Included In Apple’s Q4 Earnings Release iPhone 5 Initial Sales Will Be Included In Apple’s Q4 Earnings Release

Apple will release its Q4 FY12 earnings release on October 25, when the company will hold a conference call to discuss the financial results of its fourth fiscal quarter. It falls on a Thursday, and the call will take place …

Google Stock Hits Record High On Monday Google Stock Hits Record High On Monday

Google shares hit an all-time high on Monday, at one point reaching $748.90, according to CNN Money. As of the time of this writing, shares are at: $748.21 (+14.22‎, 1.94%‎). The publication attributes the rise to continued search domination and …

Oracle Releases Earnings, Posts 2% Decline In Revenue Oracle Releases Earnings, Posts 2% Decline In Revenue

Oracle posted its fiscal 2013 Q1 earnings report on Thursday. While profits were up 15%, revenues were down 2% to $8.2 billion, though GAAP new software licenses and cloud software subscriptions were up 5% to $1.6 billion. Non-GAAP new software …

Alibaba Closes Deal With Yahoo Worth $7.6 Billion Alibaba Closes Deal With Yahoo Worth $7.6 Billion

Alibaba has closed the initial repurchase of shares from Yahoo and restructured its relationship with the company in a set of transactions valued at $7.6 billion. The two companies announced the plan back in May, which would see Yahoo reduce …

Square Closes New Round Of Funding From Starbucks And Co. Square Closes New Round Of Funding From Starbucks And Co.

Square announced today that it has closed a Series D round of funding from Citi Ventures, Rizvi Traverse Management, and Starbucks Coffee Company. The company said in its announcement: One year ago, Square had approximately 150 employees and processed over …

Zuckerberg Pledge Helps Facebook Stock Zuckerberg Pledge Helps Facebook Stock
· 1

Yesterday, news came out that Facebook CEO Mark Zuckerberg has pledged not to sell any Facebook shares for at least a year. In addition to that, Board members Marc Andreessen and Don Graham will not sell any shares, other than …

Mark Zuckerberg Won’t Be Selling FB Shares Anytime Soon Mark Zuckerberg Won’t Be Selling FB Shares Anytime Soon

Facebook has filed an 8-K document with the SEC indicating that it will not move forward with a secondary stock offering, but will pay taxes on RSUs, and that CEO Mark Zuckerberg will not be selling any shares, at least …

Wall Street: Apple Stock Hits Another Record High, Following Patent Verdict Wall Street: Apple Stock Hits Another Record High, Following Patent Verdict
· 1

On Friday, as you have probably heard, Apple was granted a big legal win over Samsung, though an appeal is expected. Nevertheless, the ruling has major implications for the mobile industry, and for Google’s Android operating system, which comes on …

AOL Shares Its Plans To Return $1.1 Billion To Shareholders AOL Shares Its Plans To Return $1.1 Billion To Shareholders

AOL announced its final steps in returning $1.1 billion to shareholders, entering into a $600 million fixed-dollar collared Accelerated Stock Repurchase Agreement with Barclays, and announcing its authorization of a $5.15 per share special cash dividend. The company will repurchase …

Twitter Turns To Revstream for Billing, Revenue Management Twitter Turns To Revstream for Billing, Revenue Management
· 2

Twitter and Revstream announced today that Twitter has deployed Revstream’s revenue and billing management platform, integrated with Oracle’s E-Business Suite (r12). “Revstream’s platform enables Twitter to accelerate our billing cycle and improve our global revenue recognition process,” said Shanice Ma, …

Best Buy Earnings: Net Income Down 90% Best Buy Earnings: Net Income Down 90%

Best Buy just released its earnings report for the second quarter, a day after announcing its new CEO. Of course, this transition is happening as Founder Richard Schulze has been trying to buy back the company. Last week, he sent …

Barnes & Noble Q1 Earnings Released, Digital Sales Up 46% Barnes & Noble Q1 Earnings Released, Digital Sales Up 46%

Barnes & Noble released its Q1 earnings report this morning, a day after the company announced its first international expansion, with plans to launch its Nook line in the UK. The company reported a 46% increase in digital content sales, …

Apple Stock: Shares Soar Ahead Of iPhone 5 Release Date Apple Stock: Shares Soar Ahead Of iPhone 5 Release Date
· 1

The rumored iPhone 5 release date is getting closer, and as investors anticipate the device’s launch, Apple’s stock continues to soar. Now, the company has even managed to become the most valuable company in the history of companies. Apple’s market …

Facebook Stock Takes A Pounding As Lockup Ends Facebook Stock Takes A Pounding As Lockup Ends
· 2

When Facebook went public, its IPO included a “lockup” agreement that meant some shareholders were required to hold their stock for a predetermined amount of time. For Facebook insiders held to this agreement, that lockup ended today, and as a …

Groupon Shares Hit Their Lowest Ever Groupon Shares Hit Their Lowest Ever
· 4

Groupon shares have reached their lowest point since the company has been public. As of the time of this writing, shares are sitting at $5.55, down 26.49%‎. The nosedive occurred, following the company’s earnings release on Monday, despite the company’s …

E*Trade Gets A New CEO (At Least Temporarily) E*Trade Gets A New CEO (At Least Temporarily)

E*Trade has ousted CEO Steven Freiberg about halfway through is 4-year contract, as customer trading has not been where the company needs it to be. The company announced that its Board of Directors has appointed Chairman Frank Petrilli (pictured) interim …

Best Buy Offer: Founder Wants To Buy His Company Back For $24 To $26 Per Share Best Buy Offer: Founder Wants To Buy His Company Back For $24 To $26 Per Share
· 1

Best Buy founder Richard Schulze has made an offer to buy Best Buy back, and to take it private. The offer, estimated at $8 billion, is for a price of $24.00 to $26.00 per share in cash. Best Buy stock …