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 »

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 »

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 »

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 »

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 »

JPMorgan Trading Loss Worse Than Expected, But...

...It barely dented the firm's Q2 profits

(Newser) - JPMorgan reported a $4.4 billion trading loss this morning, a figure far worse than analysts were expecting, in the wake of the "London Whale" fiasco. That drove the bank's earnings down 8.7%, but still left it with $4.96 billion in profit for the second quarter,... More »

Guess How Much Facebook Makes Off You?

A little less than 5 bucks, according to their latest earnings

(Newser) - Ever wonder how much money you're worth to Facebook? Earlier we reported that the social network supreme had a really lousy quarter , but Tech Crunch dug deeper into the numbers and did this interesting bit of math: Facebook reported having 901 million users and $1.058 billion in revenue.... More »

Facebook Reports Lousy Q1 Ahead of IPO

Revenue and profit dip, scaring analysts

(Newser) - People planning on snapping up Facebook shares in its upcoming IPO got a nasty surprise as the company announced its first quarter-to-quarter revenue and profit slide in at least two years. Facebook blamed the drop on seasonal advertising trends, but "it was a much faster slowdown than we would... More »

VW Reports Record Profit

Net earnings more than double

(Newser) - Volkswagen reported a record annual profit today, as its net income more than doubled last year. The company sold 8 million vehicles for the first time in its 75-year history, the New York Times reports. While its full report won't be out until March 12, initial numbers released today... More »

Chrysler Roars to $225M Profit

Finishes first profitable year since its bankruptcy

(Newser) - Call it a comeback if you want, because it looks like Chrysler is finally back on its feet. Detroit's smallest automaker posted a $225 million profit today to complete its first profitable year since its bankruptcy and bailout in 2009, the New York Times reports. The profit came on... More »

Goldman Posts $428M Loss

It's the second time it's ever lost money as a public company

(Newser) - It was a bad three months to be a vampire squid: Goldman Sachs reported a $428 million third-quarter loss today, or 84 cents a share—far worse than the 16 cents per share that analysts were expecting, according to Reuters . The blow came largely thanks to $2.48 billion in... More »

Apple Profit Shoots Up 125%

...and that's without any new product launches

(Newser) - Apple shocked analysts yesterday by posting a whopping 125% leap in its fiscal third-quarter profits—a feat it achieved without releasing any major new products in the past six months. And with a number of new products scheduled for the second half of 2011, this could be just the tip... More »

BP: Spill May Be Fixed as Soon as July 27

New, earlier target date aimed at investors

(Newser) - The relief well that is supposed to finally stanch the oil flow from the Deepwater Horizon may be ready as early as July 27, BP is now telling the Wall Street Journal . That's weeks ahead of the mid-August schedule they’ve discussed until now, and just happens to be the... More »

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