Tag Archives: earnings

Amazon’s years-long, meteoric growth rate may finally be cooling. The e-commerce company on Thursday reported fourth-quarter revenue of $72.4 billion, up 20 percent and at the top of the company’s guidance from October. Earnings surged to $3 billion, or $6.04 a share, handily beating analysts’ expectations of $5.67, according to Yahoo Finance. But guidance for …

In hindsight, AT&T’s Time Warner acquisition looks pretty good. The business, now renamed WarnerMedia, gave AT&T a few things to crow about in its fourth-quarter earnings released Wednesday. They include WarnerMedia’s operating income growth of 33.2 percent, a popular slate of films like the blockbuster Aquaman and strong digital subscriber growth for HBO. Offsetting that positive news, however, were continued …

Facebook’s spat with Apple on Wednesday shows it can’t stay out of trouble. But the social network seems immune to scandals as well. Monthly active users — the number of people who log on to Facebook every month — rose 9 percent year over year to 2.32 billion in the fourth quarter, which ended Dec. 31. User growth is crucial …

Apple’s not the only tech giant being hurt by a slowdown in the smartphone market. Samsung on Wednesday reported a steep drop in revenue and profits, just as it had warned earlier this month.  Most of its businesses, from chips to displays, felt the effects of stronger competition and weaker demand in the handset sector. Its smartphone sales declined, memory chips …

There’s a reason Verizon can’t stop talking about 5G. The next-generation cellular technology promises a massive speed boost, as well as a network that’s smart and responsive enough to connect thousands of different devices around us — so it’s a sexy topic. What’s not sexy? Verizon’s fourth-quarter results. The mixed bag, with slightly better earnings and slightly disappointing revenue amid …

Apple may not share how many iPhones it sells each quarter anymore. But it did offer a tantalizing tidbit as part of its latest earnings. The consumer electronics giant has an active install base of more than 900 million iPhones, Chief Financial Officer Luca Maestra said on a conference call with analysts on Tuesday. The number is up year over …

When Apple warned earlier this month that sales over the holidays were as much as 11 percent lower than expected, it was a shock. Now it looks like a trend. Now playing: Watch this: Apple earnings report confirms iPhone slowdown 5:56 On Tuesday, Apple forecast sales of between $55 billion and $59 billion for the second fiscal quarter, compared with average …

Early this month, Apple CEO Tim Cook gave us the bad news in broad strokes. On Tuesday, we’ll find out just how bad it was. In a letter shared with investors on Jan. 2, Cook revealed that revenue in the company’s fiscal first quarter, ended on Dec. 29, would miss Apple’s own forecasts by about 15 percent. He laid most of the …

After reporting record profit in the third quarter, Samsung expects a dramatic decline in its fourth-quarter profit due to lackluster demand for chips and intensifying competition in the smartphone market. The South Korean electronics giant said Monday it expects to record an operating profit for the three-month period ended Dec. 31 of around 10.8 trillion won ($9.6 billion), a 30 …

Amazon has a game plan for more sports.  The e-commerce giant has bid on Disney’s 22 regional sports networks, CNBC reported Tuesday, in another sign of Amazon’s widening video ambitions. Amazon declined to comment. Disney didn’t immediately return a request for comment.  Amazon has been pouring money into the video-streaming facets of its Prime memberships, not only with its original shows and movies but also with top-dollar licenses …