All Posts Tagged Tag: ‘Financial’

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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Carl Icahn Thinks Apple Is Undervalued, Meets With Tim Cook

Billionaire Carl Icahn has taken a “large position in APPLE,” and has met with Tim Cook. Last night, he tweeted: We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come. — Carl Icahn (@Carl_C_Icahn) August 13, 2013 Had a nice conversation with Tim Cook today. Discussed …

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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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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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DataStax Raises New $45 Million Round Of Funding

Datastax announced this week that it has completed a $45 million series D round of funding led by Scale Venture Partners with participation from existing investors Lightspeed Venture Partners, Crosslink Capital and Meritech Capital Partners, and new investors DFJ Growth and Next World Capital. The company says the funding builds on its ongoing customer momentum, which includes 20 companies in …

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Yahoo Spends Over $1 Billion To Buy Back Shares

Yahoo announced today that it is repurchasing 40 million shares of Yahoo common stock held by Third Point LLC at $29.11 per share, which is the closing price from Friday. That puts the deal at about $1.164 billion. Following the transaction, Third Point will own about 20 million shares less than 2% of the company’s outstanding stock. Yahoo board members …

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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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Yahoo Q2 Earnings Released, Revenues Down

Yahoo just released its second quarter 2013 financial results, with GAAP revenue down 7% year-over-year at $1,13 billion for the quarter. Revenue excluding traffic acquisition costs (ex-TAC) was 1,07 billion for the second quarter, down 1% year-over-year. Non-GAAP earnings per share was $0.35, up from $0.30 for the same period last year. Yahoo CEO Marissa Mayer said, “I’m encouraged by …

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Google Finance Gets Five New Stock Exchanges

Google announced that it has added five new stock exchanges to Google Finance, further bolstering its international market offerings. Google has now added the BM&F Bovespa (Brazil), Borsa Istanbul (Turkey), The Stock Exchange of Thailand, SIX Swiss Exchange and Wiener Borse (Austria). “We want you to have the world’s financial data at your fingertips,” says Google Finance product manager Greg …

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Mobile Ad Revenue Jumped 83% In 2012 Hitting Record $8.9 Billion

Mobile ad revenue in 2012 was up a whopping 82.8% hitting $8.9 billion, according to newly released findings from the U.S. IAB Mobile Marketing Center of Excellence, IAB Europe and IHS. In 2011 it was just $5.3 billion. Search led the pack in 2012 with a growth rate of 88.8%, closely followed by display at 87.3% growth, then messaging with …

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