Articles by admin

Facebook’s third quarter earnings report beat investor expectations on top and bottom lines after hours on Thursday. The platform saw 12% growth in both daily and monthly active users across its platforms year over year, as consumers around the world spent more time online due to the coronavirus pandemic. Looking ahead, the company forecasted a ‘significant amount of uncertainty for 2021.’ Yahoo Finance’s Myles Udland breaks down the company’s earnings report on The Final Round. …read more […]

Amazon Inc released its third quarter earnings report after hours on Thursday, which blew investor expectations out of the park, with strong beats on earnings per share and revenue. The company saw its net sales increase 37% year over year to $96.1 billion and its operating income increase 96% year over year to $6.2 billion. Yahoo Finance’s Jared Blikre breaks down the company’s earnings report on The Final Round. …read more […]

(Bloomberg) — Apple Inc. shares fell about 4% after the company reported iPhone sales that missed Wall Street estimates and a slump in revenue from China. The company gave no forecast for the key holiday quarter. However, Chief Executive Officer Tim Cook said the new iPhone 12 line has been well received. Sales of Macs and Services reached all-time highs in the quarter, leading the record fourth quarter.The Cupertino, California-based technology giant on Thursday said fiscal fourth-quarter sales came in at $64.7 billion, a record for the period. That beat analysts’ estimates of $63.5 billion, according to data compiled by …read more […]

Despite those delays, Apple has mostly beaten sales expectations this year and released a slew of new products and services that its customers have embraced while largely homebound during the pandemic. Apple said revenue and profits for the fiscal fourth quarter ended on Sept. 26 was $64.7 billion and 73 cents per share, compared with analyst estimates of $63.7 billion and 70 cents per share, according to IBES data from Refinitiv. Analysts anticipated consumers would hold off on iPhone purchases ahead of new iPhone 12 models. …read more […]

Despite those delays, Apple has mostly beaten sales expectations this year and released a slew of new products and services that its customers have embraced while largely homebound during the pandemic. Apple said revenue and profits for the fiscal fourth quarter ended on Sept. 26 was $64.7 billion and 73 cents per share, compared with analyst estimates of $63.7 billion and 70 cents per share, according to IBES data from Refinitiv. Analysts anticipated consumers would hold off on iPhone purchases ahead of new iPhone 12 models. …read more […]

…read more […]

Facebook’s ad revenue rose 22% in the third quarter, as it beat analyst expectations of earnings growth. The company on Thursday reported net income of $7.8 billion in the three months ended September 30, a rise of 29% from the same period a year earlier. That translated into $2.71 per share, beating the estimate of […] …read more […]

The tech giant has entrenched itself as one of the biggest beneficiaries of the coronavirus pandemic. …read more […]

CEO Kevin Johnson says the U.S. and China are seeing a ‘faster-than-expected’ recovery. …read more […]

Shares of Twitter declined to $46.95 in after-market trading. The San Francisco-based social media company said it had 187 million monetizable daily active users (mDAU) during the third quarter, missing consensus analyst expectations of 195.2 million users, according to IBES data from Refinitiv. Costs and expenses grew 13% from the same period last year to $880 million, as the company said it spent more on infrastructure-related expenses. …read more […]

Activision Blizzard blew out analysts’ Q3 expectations on continued strength from its ‘Call of Duty’ franchise. …read more […]

Netflix shares saw a pop on Thursday after the company announced that some price hikes for its plans for U.S. subscribers according to the Verge. Yahoo Finance’s The Final Round panel breaks down the latest from the streaming company. …read more […]

Here comes another price hike for Netflix customers in the U.S.: The streaming giant will hike the price of the Standard two-stream HD plan, its most popular package, by about 8% — going from $12.99 per month to $13.99. In addition, Netflix’s Premium tier (with four streams) is going up by $2, from $15.99 monthly […] …read more […]

The tech giant has entrenched itself as one of the biggest beneficiaries of the coronavirus pandemic. …read more […]

If all goes well, the first doses of a safe and effective coronavirus vaccine will likely become available to some high-risk Americans in late December or early January, Dr. Anthony Fauci, the top U.S. infectious diseases expert, said on Thursday. Based on current projections from vaccine front-runners Moderna Inc and Pfizer Inc, Americans will likely know “sometime in December whether or not we have a safe and effective vaccine,” Fauci, director of the National Institute of Allergy and Infectious Diseases, said in a live chat on Twitter and Facebook. “The first interim look (at trial results) should be, we hope, …read more […]