Amazon Web Services, the cloud-computing business, grew 42 percent in the third quarter, surpassing $4 billion in sales for the first time. In its earnings report on Thursday after the market’s close, Amazon reported AWS revenue of $4.58 billion, topping the $4.5 billion average analyst estimate, according to FactSet. AWS remains the profit engine for […]
Read moreMicrosoft is set to report earnings for the first quarter of the company’s fiscal year – which ended on September 30 – after the closing bell on Thursday. The company is also slated to hold a conference call with analysts at 5:30 p.m. Eastern time. EPS: $0.72, excluding certain items, is expected by analysts, according […]
Read moreIntel is set to report third-quarter earnings after the market close on Thursday. Here’s what Wall Street expects: EPS: 80 cents, according to Thomson Reuters Revenue: $15.73 billion, according to Thomson Reuters While the client computing group still brings in the lion’s share of overall revenue, Intel has been shifting its focus away from the […]
Read moreAlphabet reports earnings after the bell on Thursday, when investors will be able to query executives on competition, costs and regulatory scrutiny. – Adjusted EPS: $8.33 per share expected by a Thomson Reuters consensus estimate – Revenue: $27.2 billion expected by a Thomson Reuters consensus estimate – TAC: $5.24 billion expected by StreetAccount Google-parent Alphabet […]
Read moreAmazon‘s third quarter results are due Thursday after the bell. Wall Street expects another quarter of solid growth but little profit, as the e-commerce giant has been in investment mode lately. The third quarter, particularly, is a high investment period for Amazon as it prepares for the peak holiday season. Here’s what analysts expect: Revenue: […]
Read moreLet me start off by saying I have no non-public information about Amazon‘s search for a second headquarters, aka HQ2. And I have no idea how Amazon’s senior leaders will score proposals and make a decision. But I have a couple of observations I’d like to make based on how Amazonians think. Last week’s big […]
Read moreThe head of a major U.S. bank said Thursday that the anonymous nature of digital currencies like bitcoin is what authorities should be most concerned about, and that banks offer more security. Bank of America CEO Brian Moynihan pointed out that while major financial institutions send trillions of dollars digitally all the time, cryptocurrencies don’t […]
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Instagram on Thursday rolled out a fun new feature called Superzoom. Practically everyone’s talking about it on social networks, mainly because it’s a pretty hilarious feature that builds on others, such as Boomerang, which have become incredibly popular. Your kids are probably going to be talking about Superzoom tonight, so here’s what it is and […]
Read moreWall Street is expecting Alphabet — Google’s parent company — to extend its sales growth for yet another quarter as it continues to dominate the search advertising market. But rising costs could squeeze profits as the company transitions from its “bread and butter” search business toward artificial intelligence and other ventures, analysts predict. Alphabet reports […]
Read morePeter Thiel is a heavyweight entrepreneur and investor who made his career in Silicon Valley. He launched and took public online payments company PayPal, was an early investor in Facebook and Airbnb and went on to launch software company Palantir Technologies. But now the billionaire says that Silicon Valley’s monopoly on technology company growth is […]
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