Walmart CEO: We Had To Become More Digital

Doug McMillon, CEO of Walmart, discusses how the company has changed to become more digital over the last couple of quarters in response to the pandemic.

Microsoft Will Miss Windows Quarterly Guidance Due to Coronavirus

Microsoft has issued a statement warning investors it will miss its quarterly guidance for its Windows business as a result of the coronavirus.

Twitter Crosses $1 Billion a Quarter Threshold

Reuters is reporting that, for the the first time ever, Twitter has brought in $1 billion in revenue in a single quarter. The company has had a difficult few years as it grappled with the balance between free speech and…

Verizon Reports Strong Third Quarter, Beating Analysts’ Estimates

Verizon Communications, Inc. reported a strong Q3 2019 driven by solid gains in wireless customers. The telecommunications provider reported the “most third-quarter phone gross additions in five years.” In particular, Verizon saw significant growth in postpaid phone subscribers, the most…

Alphabet (Google) Earnings Not As Good As Expected

Google parent Alphabet just announced its financial results for the first quarter with revenue up 17% year-over-year at $20.35 billion. Non-GAAP earnings per share were lower than expected at $7.50 (versus $7.96), and the stock is on the way down…

Netflix Earnings Out, 81 Million Members Reported

Netflix just reported its earnings for Q1, and announced that it has surpassed 81 million members. That’s up from 75 million on January 1, just after the prior quarter closed. Revenue for the quarter was $1.96 billion. Earnings per share…

Etsy Gives Shareholders Something They Like

Investors weren’t thrilled with Etsy’s Q3 report when the company posted a net loss of $6.9 million ( 6 cents per share) and revenue of $65.7 million. On Tuesday, the company posted its Q4 and full-year 2015 financials with a…

Groupon’s ‘Stronger Than Expected’ Earnings Out

Groupon just reported its financials for Q4 with what the company calls “stronger than expected” results, including a record Black Friday and Cyber Monday period. Revenue grew to $917.2 million from $883.2 million in the same quarter in 2014 (up…

Twitter Earnings Out, User Growth Stalled

Twitter just released its financials for the fourth quarter, meeting Wall Street expectations on revenue and beating on earnings per share ($710 million and 16 cents respectively). However, the company failed to make an impact on its biggest area of…

Yelp Earnings Out, CFO Steps Down

Yelp just released its financials for Q4 and full year 2015 with revenue of 153.7 million (up 40% year-over-year) for the quarter. Cumulative reviews grew 34% to approximately 95 million. Local advertising accounts grew 32% to approximately 111,000. CEO Jeremy…

LinkedIn Earnings Out, Revenue up 34%

LinkedIn reported its financials for Q4 and full-year 2015 with revenue up 34% year-over-year at $862 million for the quarter. Earnings per share for the quarter were $0.94, which was better than Wall Street expectations. Still, stock is plummeting after…

Yahoo Reports Earnings, Will Reduce Staff by 15%

Yahoo just announced its Q4 and year-end 2015 financials and provided an update on the company’s business strategy going forward. It also it will reduce its workforce by 15% and exit five of its offices ( Dubai, Mexico City, Buenos…

Alphabet Impresses On Revenue, Earnings

Google parent Alphabet announced its financial results for the fourth quarter and fiscal year ended December 31, 2015. The company beat Wall Street estimates for the quarter on earnings per share ($8.67) and revenue ($21.32 billion). Cost per click on…

Microsoft Earnings Out, Revenue $25.7 billion

Microsoft just announced its earnings report for its fiscal year 2016 Q2. The company beat Wall Street expectations for revenue and earnings per share at $25.7 billion and $0.78 respectively. The company says its results are highlighted by its cloud…

Amazon Earnings Out, Sales up 22%

Amazon just announced its earnings for Q4 with sales up 22% to $35.7 billion. Operating cash flow was up 74% to $11.9 billion over the year with free cash flow up to $7.3 billion. EPS was $1, which was significantly…

Facebook Earnings Out, Mobile Ad Revenue 80% Of All Ad Revenue

Facebook just released its earnings report for the fourth quarter and full-year 2015. Full-year revenue was $17.93 billion, up 44% year-over-year. Net income was $3.69 billion. Mobile ad revenue represented 80% of all ad revenue in the fourth quarter. That’s…

eBay Earnings Released, Active Buyer Base Grows 5%

eBay just reported its earnings for the fourth quarter and full-year 2015. Highlights include gross merchandise volume of $21.9 billion, revenue of $2.3 billion, 5% growth in active buyer base (to 162 million), Non-GAAP and GAAP EPS per diluted share…

Apple Earnings Released, Company Has ‘Biggest Quarter Ever’

Apple just announced its earnings for its fiscal 2016 first quarter ended December 26, 2015. Once again, the company announced record profit at $18.4 billion for the quarter. Apple also posted record quarterly revenue at $75.9 billion. Net income was…

Netflix Is Earning Well, Surpasses 75 Million Members

Netflix just released its earnings report for Q4, exceeding Wall Street expectations on earnings per share at 10 cents. Revenue was $1.82 billion, up from $1.48 billion in Q4 2014. Netflix says that on January 1, just after the quarter…

GoDaddy Earnings Impress, Revenue Up Over 15%

GoDaddy just reported its financials for Q3 with revenue up 15.2% year over year at $411.1 million, beating Wall Street expectations. The company also reported total bookings of $475.6 million (up 14.1%). Domains revenue was $215.0 million (up 10.5%) while…