Apple’s mound of cash and cash equivalents continued to scrape the cloudline this quarter, coming in at $268.9 billion in the company’s quarterly earnings report. Shares popped more than 3 percent after hours, as the market capitalization of the company crested $900 billion, within sight of a trillion dollars. Apple’s cash holdings could become more […]
Read moreApple sold 46.7 million iPhones during the quarter ended September 30, the fourth quarter of its fiscal year 2017. The company revealed the number in its earnings report, which just crossed the wire. Wall Street was looking for 46 million iPhones sold for the quarter, according to a FactSet consensus estimate. A year ago, Apple […]
Read moreThe long-awaited tax bill has finally arrived, and it does indeed reduce the corporate tax rate to 20 percent from 35 percent. But buried in the bill (page 217 of the 429-page bill) are a few short paragraphs that appear to limit the deductibility of corporate debt. The outcome of this is not exactly clear, […]
Read moreActivision Blizzard shares fell nearly 4 percent in after-hours trading following an after-the-bell earnings report Thursday. Here’s what Wall Street forecast: EPS: 49 cents per share, according to Thomson Reuters Revenue: $1.74 billion, according to Thomson Reuters Activision Blizzard reported a dip in monthly active users for the quarter at 384 million — down 6 […]
Read morePandora Media on Thursday reported mixed quarterly results. Here’s how the company did compared with what Wall Street expected: Loss per share: 6 cents, vs. 8 cents expected, according to Thomson Reuters Revenue: $379 million, vs. $380.6 million expected, according to Thomson Reuters Active listeners: 73.7 million, vs. 74.6 million expected, according to StreetAccount. Listener […]
Read moreApple reports quarterly earnings after the bell, when Wall Street will scour the company’s finances for signs that consumers are shelling out for new iPhones. Q4 adjusted EPS: $1.87 expected by a Thomson Reuters consensus estimate. Q4 revenue: $50.7 billion expected by Thomson Reuters. Q4 iPhone unit sales: 46 million expected by a FactSet consensus […]
Read moreHouse Republicans issued a tax reform bill on Thursday with at least one feature that start-up employees should be excited about– a provision that would make it easier for them to exercise their stock options. Venture capitalist Keith Rabois, who is also executive chairman of real estate platform OpenDoor, praised this aspect of the GOP’s […]
Read moreYou might get your Apple iPhone X sooner than expected. While initial reports suggested Apple was struggling with supply and wouldn’t be able to meet demand, some iPhone X units are shipping out ahead of previous estimates. An iPhone X I ordered from T-Mobile, for example, wasn’t supposed to ship until sometime between November 3rd […]
Read moreElon Musk disappointed Wall Street investors in the most recent quarter and Tesla stock is taking a pummeling Thursday as a result. But during Tesla’s earnings conference call with analysts on Wednesday, there was a notable theme: Musk presented himself as a leader who’s out on the field alongside his employees. Musk was hosting the […]
Read moreFacebook’s latest Snapchat competitor, a feature called WhatsApp Status, has 300 million monthly users less than a year after its launch, CEO Mark Zuckerberg told analysts and investors this week. The app has grown even faster than the Stories feature on Facebook’s Instagram service, which Zuckerberg said also has 300 million monthly users, according to […]
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