Meg Whitman Confident Despite HP Stagnation

HP this week released its fourth quarter 2014 and fiscal 2014 full-year financial results. The company reported quarterly revenue of $28.4 billion, down 2% from fourth quarter 2013. Full-year revenue was reported to be $111.5 billion, down 1% year-over-year. HP’s…

Rite Aid Stock Down on Poor Earnings Update

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…

BlackBerry Announces $4.4 Billion Third-Quarter Loss

BlackBerry today released its third quarter financial report and the results are about as dire as everyone expected. BlackBerry is reporting a $4.4 billion loss today, illustrating just how dire the situation is for the Canadian tech company. Over half…

Sprint Losses Drop, But So Do Subscribers

Sprint, the third largest wireless carrier in the U.S., today released its first quarter 2013 financial results. The report shows that the company’s net losses have decreased from the fourth quarter of 2012, though it also shows worrying trends, such…

LinkedIn Nails its Fourth Quarter, Yearly Earnings

If there’s one thing LinkedIn is, it’s consistent. The company has slowly built its brand and membership numbers in the crowded social media space where other companies are getting bloodied. LinkedIn today announced its fourth quarter 2012 and year-end 2012…

Netflix Added 2 Million Streaming Subscribers Over the Holidays

Though the competition to provide robust streaming services is heating up with the growth of Hulu Plus, Amazon Prime Instant Video, and the new Redbox Instant, Netflix is still holding its own. The company this week announced its fourth quarter…

HTC Profit Tanked in the 3rd Quarter of 2012

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 When It Was More Private

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

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

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.…