Tag Archives: earnings

Facebook, already dealing with criticism about misinformation and protection of user privacy, has a new problem to worry about: slipping profits. The social media giant, which makes most of its money from selling ads, on Wednesday beat Wall Street’s expectations for earnings and revenue in the fourth quarter. But for the full year, the company’s …

AT&T continues to bleed pay-TV customers as it prepares to launch a new streaming service that will have tons of competition. But on the bright side, its wireless business is looking up in the face of tough competition.  On Wednesday, the Dallas-based company reported that it lost 945,000 satellite TV and U-verse TV subscribers in the fourth quarter of 2019. …

Apple on Tuesday reported an all-time record quarter for revenue and earnings — and it’s partly thanks to its newest AirPods and its services business.  The company credited its services and wearables lines, as well as its newest iPhones, for the performance. Both sales and earnings in the three months ended Dec. 28 were well above Wall Street forecasts. Apple …

Netflix has dismissed any suggestions the so-called streaming wars would be its undoing. With its latest earnings report, the company still isn’t sweating the pressure, as it added more subscribers than expected even as it faced new rival services from Disney and Apple. Its not-very-secret weapon? Gigantic international scale.  Already the world’s dominant subscription streaming service, Netflix saw subscribers climb by …

Uber’s first six months as a newly minted public company haven’t been easy. It’s seen three rounds of layoffs, the departure of three board members and a share price that’s fallen more than 30%. On Monday, the ride-hailing company reported third-quarter earnings that suggest the situation might be stabilizing. For the three months ended Sept. 30, Uber posted a loss of …

Apple will begin allowing customers to buy iPhones and pay them off over two years interest-free, CEO Tim Cook said Wednesday. But it only works if you buy the handset with the new Apple Card. This will also give customers 3% cash back on the total cost of the phone. “I’m very pleased to announce today that later this year, we’re …

Lyft’s founders remain optimistic about the ride-hailing company’s future, even though the recent past has seen its share price skid by more than 40% since going public in March. CEO Logan Green has repeatedly said the company “has never been stronger.” On Wednesday, Lyft’s third-quarter earnings backed up that confidence.  The short of the story: Lyft beat analysts’ expectations, posting …

T-Mobile‘s position as the fastest-growing US wireless carrier, which it has held more than two years, continued into the third quarter of 2019. The growth bolstered the nation’s third-largest carrier while it awaits the status of its pending merger with Sprint and prepares to launch a 5G network that runs on lower-band spectrum and can reach more people than ever.  In …

Amazon’s string of record quarterly profits appears to have collapsed after the company’s bold plan to speed up its shipping saddled it with more expenses. The world’s largest e-commerce company on Thursday posted third-quarter earnings that badly missed expectations, despite better-than-expected sales. Its revenue prediction for the all-important fourth quarter, during the peak holiday retail season, was also soft. Shares plunged …

Snap appears to be making a comeback, attracting new users after it announced a new version of its augmented reality sunglasses. The parent company of ephemeral-messaging app Snapchat said Tuesday that it had 210 million daily active users, an increase from the 203 million daily active users the company reported in the second quarter. Since it went public in 2017, Snap …