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Here’s a chart that shows why financial earnings are a big deal
So, we’re midway through earnings season, and as you’ve probably seen, we’ve covered a majority of the big companies that have reported thus far. There are plenty more that have reported, and there are still more to come, but these are the periods that generally have the most impact on the best public barometer of a company’s success: its stock price. Read More
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Equity podcast: Alphabet, Amazon, Microsoft and Twitter earnings madness
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week Katie Roof, Matthew Lynley and myself — Alex Wilhelm — took it back to our roots with a show with just us hosts. Which worked out great as we had a lot to unpack. Tech! It never stops. This time ’round we had an earnings… Read More
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Amazon shares pass $1,000 after posting strong financials
Amazon shared third-quarter earnings after the bell on Thursday. The company posted significantly better-than-expected earnings, at 52 cents per share, when analysts were forecasting just three cents. Shares quickly ticked up 7 percent in initial after-hours trading, to above the $1,000 per share milestone. Read More
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Microsoft easily beats the Street as its cloud run rate passes $20B a year early
Microsoft today announced its quarterly earnings for its first financial quarter of 2018 (yes, I know it’s early, but that’s how Microsoft’s financial quarters work). Wall Street’s crack team of financial analysts expected the company to report revenue of about $23.56 billion and earnings per share of $0.72. Read More
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Twitter admits it overestimated its user numbers
Twitter announced its Q3 financials today which included a surprise beat that could lead it to a quarter of actual profitability before 2017 is out, but there is also less positive news. The company admitted it had mistakenly counted users of Digits, the app it transferred to Google via the sale of its Fabric product in January, as part of its overall audience for the past year. At peak… Read More
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Twitter gets a surprise beat in Q3 on sales of $590M and EPS of $0.10
Twitter reported its earnings this morning for Q3, and watchers of the company, used to seeing declines across the board, got an unexpected piece of news: the social media platform reported revenues of $590 million on adjusted earnings per share of $0.10. Total monthly active users for Q3 were 330 million, up 4 million from the prior quarter and an increase of 4% year-over-year. US MAUs grew… Read More
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PayPal’s quarter exceeded expectations across the board
PayPal, the digital payments company, shared its growing financials after the bell on Thursday. Shares ticked up about 4 percent in initial after-hours trading. Read More
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7 huge business storylines for this quarter’s earnings season
It’s that time of the year again: earnings season. It’s a finance nerd’s dream, but for the rest of the world, it’s important because some of the biggest technology companies in the world spill their guts to the public. We get to see who’s winning, who’s losing and what’s going wrong. So, on that note, here are a few big story lines we’re… Read More
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Samsung forecasts a strong quarter on the same day its CEO resigns citing ‘unprecedented crisis’
This post has been updated to reflect the announcement of Oh-Hyun Kwon’s resignation. Samsung Electronics made two announcements today that contrasted starkly with one another in tone. First, it issued an optimistic third-quarter earnings guidance. Then, a few hours later, it posted a resignation letter from chief executive officer and vice chairman Oh-Hyun Kwon. Read More
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BlackBerry, yes BlackBerry, is making a comeback as a software company
When you think about dead companies walking, BlackBerry was clearly one that came to mind, but under the leadership of CEO John Chen, the company is actually making a comeback as a software company focused on security, and it’s latest quarterly earnings report suggests the pivot is working splendidly. The company reported revenue of $249 million, which shattered analyst’s… Read More
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Equifax’s stock is plummeting after it reported a massive security breach
Shares of credit reporting service Equifax are collapsing — down more than 13 percent — in the morning trading hours after the company reported a security breach yesterday that could involve 143 million customers. That breach included sensitive data like Social Security numbers, dates of birth, addresses and potentially driver license numbers. Read More
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Cloudera acquires AI research firm Fast Forward Labs
Cloudera said today as part of its second-quarter earnings report that it is acquiring Fast Forward Labs, a startup that gives companies the latest information on how to apply machine learning and AI to their businesses, as well as consulting. Read More
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Okta has a great earnings day on the back of strong international growth
Okta kept its beat-streak alive today with a healthy earnings report. On the back of international growth and a healthy services business, Okta beat revenue expectations by nine percent and managed to handily top EPS expectations. Read More
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Yext touts 38% revenue growth as it adds retail locations to search
Yext, the company that powers retail location search results, reported its earnings after the bell on Wednesday, its second report since going public in April. The company showed that for the quarter ending in July it brought in $40.8 million in revenue, up 38% from the same period last year. It’s also slightly above the $40.18 million that analysts surveyed by Yahoo! Finance were expecting. Read More
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Alibaba’s profit doubles to $2.1B after another huge quarter of business
Alibaba had another blockbuster quarter of business as its profits almost doubled. The Chinese e-commerce giant reported net profit of 14 billion RMB ($2.1 billion) for its recent quarter that finished June 30 — that’s up 96 percent year-on-year. Total revenue grew 56 percent to reach 50.2 billion CNY ($7.4 billion), easily exceeding estimates, with the firm reporting 466… Read More
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Tencent posts record $2.7B profit as mobile game revenue tops PC for first time
Tencent, Asia’s highest valued technology company, posted a record quarterly profit of $2.7 billion (18.2 billion RMB) thanks to explosive growth from mobile games. The firm’s profit in Q2 2017 rocketed 70 percent year-on-year on the back of the success of Tencent’s mobile games, particularly smash hit Honour of Kings which claims over 200 million registered users. Honour… Read More
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Snap sinks as Q2 growth and revenue fall short
Snap’s Q2 earnings report was another failure on a long, downward path for the social media company as user growth slowed under the pressure of Instagram. Read More
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GoPro actually had a good quarter and the stock is spiking 15%
GoPro is flying high and mighty after releasing its 2017 second-quarter earnings. The camera company took in $297 million in revenue equaling a non-GAAP loss of 9 cents per share. This was way above Wall Street’s expectations, as the general consensus was that GoPro would report revenue of $269 million with a loss of 25 cents per share. That’s growth any way you slice it. Read More
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Fitbit tries to convince investors it’s still alive
Fitbit’s shares are not much more than 10% of the highs it reached of $47.60 in July 2015, the month following its public debut. On Wednesday, Fitbit closed $5.07, just barely a “unicorn” at $1.16 billion in market value. But the stock saw a rare boost after the company reported quarterly earnings, sending shares up over 4% in initial after hours trading. The company… Read More
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Tesla’s Model 3 launch may end up giving the Model S a nice bump
Tesla appears to still be getting a lot of interest in the Model S, and in the company’s earnings report today it said there was a further increase in net Model S orders since the Model 3 handover event, though it said it was “too early to draw strong conclusions.” Read More
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