earnings reports

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Half of Couples Don't Know This About Their Partners

They say they communicate, but a new survey by Fidelity suggests otherwise

(Newser) - For richer, for poorer, for who knows? Nearly half (43%) of couples in serious relationships don't know what their partners earn. And of those, 10% are off by at least $25,000. So finds the latest biannual online survey by Fidelity , which polled 1,051 couples who are at... More »

Tweet Sends Twitter Stock Into Tailspin

Financial website sends out lousy earnings results early

(Newser) - How ironic: Twitter's stock plunged 18% today because of a tweet. The company was supposed to announce earnings after the close of the market, but the website Selerity tweeted them beforehand, reports the Wall Street Journal . It was bad news: First-quarter revenue was $436 million, about $20 million below... More »

Radioshack Bleeding, Will Close 1 in 5 Stores

Company announces dismal holiday sales numbers

(Newser) - Radioshack released an absolutely grisly quarterly report today, and on its heels came plans to close as many as 1,100 stores—or about 20% of its total, the Wall Street Journal reports. The company said it had lost $191.4 million over the holiday quarter, a huge jump from... More »

Target Hack's Price: 46% Drop in Profit

Q4 sales dropped due to scared customers

(Newser) - Target's massive data breach wasn't just a PR disaster for the company, it was a financial one, too. Target announced its earnings today, and blamed the breach for knocking its Q4 profit down 46%. It also said that its sales fell 5.3%, as the breach scared off... More »

Twitter Stock Tanks After First Earnings Report

Slowing user growth takes a toll

(Newser) - Twitter beat Wall Street's earnings and revenue expectations in its first quarter as a public company. But investors were looking for even more—including more user growth—and the company's stock dipped as much as 12% in after-hours trading today. Twitter ended the quarter with 241 million monthly... More »

Executives' Stock Selling Move Smells Fishy

Top companies have sold after good guidance, but before bad, 755 times

(Newser) - The next time you see a top executive deliver good news and then sell stock in his own company, head for the exits. Executives have an uncanny knack for issuing positive guidance, selling their stock, and then issuing negative guidance soon thereafter, the Wall Street Journal reports. The Journal found... More »

Apple: Profits Fall, iPhones Keep Selling

Tech giant's earnings decline for 3rd straight quarter

(Newser) - Apple's latest quarterly earnings fell 9% as more people bought the company's lower-priced iPhones and iPads, according to fourth-quarter results announced today. The numbers included early sales of the latest iPhones released late last month. The models, called the 5S and 5C, helped Apple Inc. increase its iPhone... More »

Apple Giving $100B to Shareholders

Profit falls 18% but beats analysts' estimates

(Newser) - Apple is opening the doors to its bank vault, saying it will distribute $100 billion in cash to its shareholders by the end of 2015. The news came as the company released its fiscal second-quarter earnings after the stock market closed. Results beat analysts' estimates, though Apple posted its first... More »

Facebook Beats Expectations, but Stock Falls

Fourth-quarter earnings surpass analysts' estimates

(Newser) - Facebook's fourth-quarter financial results surpassed Wall Street's expectations, but the company's stock is dipping lower in extended trading. Facebook earned $64 million, or 3 cents per share, in the October-December period. That's down from $360 million, or 14 cents per share, a year earlier when it... More »

Apple Shares Fall After Flat Earnings

Company's streak of big increases in profit ends

(Newser) - Apple's profit surge halted in the latest quarter, as a flood of new products such as the iPhone 5 meant high start-up costs for new production lines. Apple posted net income for the October-to-December quarter that was flat with the year before. It was the first time in years... More »

Today's Huge Tech News: Apple's Earnings

Barclays analyst calls Apple's post-report call 'most important ... in years'

(Newser) - A dark cloud is hovering over Apple's collective head: Analysts expect today's earnings report, to be released after the closing bell, to show the company's first drop in profits since 2003. Their estimates, as reported by Bloomberg and the Los Angeles Times , peg the fiscal Q1 net... More »

Goldman Profit Almost Triples

Most of the profit came on its own holdings

(Newser) - Goldman Sachs' earnings almost tripled in the fourth quarter, handily beating analysts' estimates, as investment banking revenues surged. The Wall Street titan earned $2.83 billion after paying preferred dividends, compared with $978 million a year earlier. The bank's debt underwriting business profited from a rally in bonds and... More »

Nintendo Will Lose Money on Every Wii U Sold

Company joins Sony, Microsoft in giving up some profit

(Newser) - Nintendo will be selling its upcoming Wii U console at a loss, the company revealed yesterday, as it cut its profit forecast. Nintendo is expecting the move to pay off in the long run, through sales of additional hardware, and future cuts in its production costs, the BBC explains. "... More »

Apple's Samsung Apology Mocks 'Not as Cool' Tablet

Uses judge's own words in public posting

(Newser) - Remember when Apple was ordered to post an embarrassing mea culpa on its UK website, proclaiming publicly that Samsung didn't copy the iPad? Well, Apple has complied —and in the court-ordered 14-point font —but with a distinct lack of contrition, quoting extensively from the judge's ruling... More »

Apple, Amazon Miss Wall Street Expectations

Apple's iPad sales fall short of estimates

(Newser) - Apple and Amazon issued earnings reports that fizzled on Wall Street today:
  • Apple: It missed Wall Street expectations for the second straight quarter, as iPad sales fell short of forecasts. Net income in the fiscal fourth quarter was $8.2 billion, or $8.67 per share. That was up 24%
... More »

Today's Newsy Meme: 'Pending Larry'

Twitter account springs up to poke fun at earnings miscue

(Newser) - Google and its printer are learning what it's like to make a public gaffe in the age of Twitter. After the company's disappointing earnings were released hours early by accident—complete with the line, "PENDING LARRY QUOTE," referring to co-founder Larry Page—the Internet pounced, reports... More »

Barclays Execs Under Another Investigation

And bank set aside hundreds of millions for misselling derivatives

(Newser) - Barclays raised a whole bunch of eyebrows when it released its earnings today—and in the process revealed, among other things, that current and former senior executives were under an investigation totally unrelated to the Libor. UK regulators are looking into whether the bank sufficiently disclosed details of the $11.... More »

Facebook Beats Estimates in First Earnings

Though company lost $157M overall

(Newser) - Facebook reported its first quarterly earnings since going public today, and though the company lost $157 million, or 8 cents per share, it performed better than analysts were expecting, Bloomberg reports. Facebook's total revenues rose to $1.18 billion on strong advertising sales, meaning that if not for "... More »

Zynga Plummets, Points Finger at Facebook

Shares fall after 2nd quarter report

(Newser) - Yet another disappointing set of second-quarter financial results—this time from Zynga. The maker of social games, whose 2011 IPO was one of the Internet’s biggest ever , lost $22.8 million during the quarter, reported less-than-expected revenue of $332 million, and issued a very weak forecast for the... More »

Netflix Profit Plummets 91%

Higher subscription costs hurt second quarter earnings

(Newser) - Apple isn't the only one who has hit a rough patch —Beleaguered Netflix is also taking a drubbing after posting a 91% drop in net income for the second quarter. Shares responded by dropping almost 15% in after-hours trading yesterday. The company’s decision to separate its DVD-by-mail... More »

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