Earnings: Spotify swings to profit in Q3, but investors irked by topline miss
Spotify (SPOT) defied Wall Street expectations of a loss in Q3 by posting a profit of €0.23 ($0.26) per share....
Technology
Qorvo stock ticks up after beating Q2 estimates
RF solutions provider Qorvo (QRVO) reported its second quarter 2019 financial results that beat consensus estimates. Non-GAAP EPS increased by...
Fitbit recovers top line in Q3 as fight with Apple Watch intensifies
Wearables veteran Fitbit (FIT) on Wednesday posted slight improvement in revenue of $394 million from last year’s $392.5 million, just...
Earnings preview: Not many reasons to hate Alibaba
Chinese retail giant Alibaba (BABA) has had a tough run this year, with the stock tumbling 35% from its high...
Wireless growth fuels Sprint’s recovery in Q2; stock gains
Sprint Corp. (S) turned to profit in the second quarter as revenues increased amidst stable subscription growth, defying analysts’ expectations...
Unfazed by SEC action, Elon Musk deletes his titles from Tesla website
While several of Elon Musk’s whacky statements stirred up controversies in the past, the one about ‘Tesla (TSLA) turning profitable...
Facebook (FB) posts slow revenue growth, but stock climbs on Q3 earnings beat
Facebook (FB) reported better-than-expected third quarter earnings of $1.76 per share, despite a considerable increase in expenses. Analysts had expected...
eBay stock rallies after Q3 earnings beat; revenues meet street view
Riding on robust merchandise volume, eBay’s (EBAY) earnings increased and beat market estimates in the third quarter. Investors responded positively...
Electronic Arts returns to profit as Q2 2019 bookings inch up, but stock slips
After market close on Tuesday, Electronic Arts (EA) posted a 34% surge in total net revenue of $1.29 billion for...
FireEye posts upbeat Q3 results, lifts 2018 outlook
FireEye (FEYE) reported a narrower loss in the third quarter helped by lower operating expenses as well as higher revenue....
Live Blog: Apple announces new MacBook Air, iPad Pro and Mac Mini at October event
Event ends. 11: 15 – The 10.5 inch iPad Pro starts at $649; 11-inch iPad Pro from $799; and 12.9 inch...
Cognizant’s stock sinks despite Q3 earnings beat and revenue match
Cognizant Technology Solutions Corporation’s (CTSH) shares fell over 3.5% in early trading hours on Tuesday, despite the company surpassing earnings...
Cloud security business lifts Akamai’s Q3 earnings
Akamai Technologies’ (AKAM) shares were up above 7% during the post-market trading hours as the company reported strong results for...
Cognex’s revenue and profit declines in Q3, provides weak outlook
As expected, Cognex (CGNX) reported a decline in the bottom and top line numbers for the third quarter sending the shares...
Earnings preview: GoPro to post forgettable Q3 results
As the troubled action camera maker, GoPro (GPRO), announces third-quarter results, analysts expect it to be another forgettable episode. The...
Earnings preview: Fitbit likely to continue its dismal performance in Q3
When Fitbit (FIT) reports its third-quarter results on October 31 after the market closes, analysts expect the company to post...
T-Mobile deal to take center stage as Sprint reports Q2 results
Telecom carrier Sprint Corp. (S) is set to report its second-quarter results on Wednesday before the bell. Analysts expect the...
Earnings Preview: There is still optimism on Spotify for Q3
Spotify Technology SA (SPOT) is scheduled to report earnings results for the third quarter of 2018 on November 1, before...
Post Q4 results, Apple stock to be driven by projections rather than numbers
If there is one stock that hasn’t allowed its growth in size to hamper its rally, it’s Apple (AAPL). Since...
IBM’s cloud push gets a boost from $34-billion Red Hat buyout
Hurt by the ongoing slump in the PC market and overdependence on the low-margin core business, IBM (IBM) is expanding...
First Data stock crashes 9% after missing Q3 earnings estimates
First Data Corporation’s (FDC) shares plummeted over 9% in premarket hours on Monday after the company reported better-than-expected revenues but...