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Rite Aid Stock Down on Poor Earnings Update

Rite Aid Stock Down on Poor Earnings Update

By Sean Patterson June 6, 2014

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 …

HTC Profit Tanked in the 3rd Quarter of 2012 HTC Profit Tanked in the 3rd Quarter of 2012
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Today the Wall Street Journal reported that HTC’s most recent quarterly profits are down 79% from last year. The company reported a third-quarter net profic of $133 million. Though the company still made money, its quarter 3 2012 reports its …

You Were Worth a Lot More to Facebook in 2007 You Were Worth a Lot More to Facebook in 2007
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So much of what gets said about Facebook these days revolves around what the company is worth, what Mark Zuckerberg is worth, what other Facebookers are worth; or, since the company’s hilariously bad initial public offering, the public conversation has …

Internet Ad Revenue Pops Q1 Record with $8.4 Billion Internet Ad Revenue Pops Q1 Record with $8.4 Billion

The 2012 fiscal year is off to a good start for internet advertising as the first quarter welcomed a record-breaking $8.4 billion in revenue, more than any previous first quarter. The news comes by way of the semi-annual Internet Advertising …

AOL’s Patch Set New Traffic, Revenue Record in May AOL’s Patch Set New Traffic, Revenue Record in May
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Despite a damaging report last month from a group of disgruntled investors that said AOL’s Patch was not a “viable business,” the service still had a good month in May as it set an all-time high for traffic and revenue. …

Nasdaq Hopes to Appease Facebook Investors Nasdaq Hopes to Appease Facebook Investors

The Nasdaq OMX Group hopes to make up for that small-but-disastrous glitch on the day of Facebook’s initial public offering by compensating affected investors who were trying to get in on the early trading. According to the Wall Street Journal, …

Nasdaq’s Fallout from the Fubar Facebook IPO Nasdaq’s Fallout from the Fubar Facebook IPO

Given that everyone was so excited and looking to the future with Facebook’s initial public offering on Friday, there has been a surprising absence of good news to come out of the it since it happened. It’s not even that …

GM: It Wasn't Anything Personal, Facebook - Srsly GM: It Wasn't Anything Personal, Facebook - Srsly
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Told ya! Following a Reuters report earlier today that revealed Facebook had actually encouraged General Motors to utilize the website’s free pages, thus lessening the import of GM’s announcement from earlier this week about no longer paying for Facebook ads. …

Facebook Could Only Tease the Public for So Long Facebook Could Only Tease the Public for So Long

As I write this, Facebook is 2:01 from launching its most important update in the history of the company: becoming a public company and being traded on Wall Street. When I joined Facebook in 2006, I thought it was kind …

Facebook’s IPO Follows Other Tech Companies’ IPO Facebook’s IPO Follows Other Tech Companies’ IPO

With Facebook’s IPO maaayy finally happen next week, buzz abounds that this will most likely be the tech industry’s biggest IPO to date. Still, by no means is it the first and it’s likely Facebook wouldn’t be projected to rocket …

LinkedIn Q1 2012 Financial Results LinkedIn Q1 2012 Financial Results

LinkedIn released its financial results its Q1 2012 results this afternoon and things are looking good for the premier network for professionals. The company’s financial weather vane looks to be pointing north, which was encouraging to LinkedIn CEO Jeff Weiner. …

Twitter Ascends in Social Transactions Twitter Ascends in Social Transactions

A new financial report on the financial climate inside the social media world has been released and with Facebook’s IPO on the horizon, the news isn’t exactly the sunny sky you’d hope for if you’re an investor. Zscaler, a cloud …

Yahoo/Bing’s Q1 2012 Financial Reports Yahoo/Bing’s Q1 2012 Financial Reports

It’s been three years since Bing started powering all searches through Yahoo! and the fruits of that partnership are beginning to ripen with success. While the two have yet to really rake away much of Google’s claim of the search …

Apple Shares Soar To Another Record: $582 Per Share Apple Shares Soar To Another Record: $582 Per Share

So much for that mild trepidation of traders following last week’s New iPad announcement. Not only has Apple’s stock juggernautted to new record highs yesterday, but now Morgan Stanley has increased its price target of the stock from $515 to …

Apple Shares Struggle After New iPad Announced Apple Shares Struggle After New iPad Announced

Were you disappointed by the lack of flashy name for Apple’s new iPad, the New iPad? If so, you weren’t the only one as investors seemed slightly unimpressed with Tim Cook & Co.’s unveiling of the new tablet as Apple’s …

SEO, Analytics, Financials, All In One Place SEO, Analytics, Financials, All In One Place

How’s business? It’s a question small business owners are asked a lot. But it’s one that is increasingly difficult to answer because of the complexities of running a modern business. WebControlRoom.com is a free tool that has been developed to …

Barnes & Noble Q3 Results, 8GB Nook Announced Barnes & Noble Q3 Results, 8GB Nook Announced

The financial results for Barnes & Noble third quarter of the financial year have been released and, initially, all signs point in good directions for the bookseller. This might come as a surprise to some since speculation grew over the …