Tag: earnings
Apple shares rise after company reports better-than-expected revenue of $91.8B
Today after the bell, Apple reported the results of the first quarter of its fiscal 2020. The company’s revenue totaled $91.8 billion, far ahead of expectations of $88.43 billion. At the same time, the company’s per-share profit of $4.99 per share was greater the market-anticipated figure of $4.54 per share.…
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Most tech companies aren’t WeWork
Shin Kim Contributor Shin Kim is working on a new SaaS startup and is also chief of staff to entrepreneur Elad Gil . Previously, Shin was at Oak Hill Capital and J.P. Morgan and earned a Master’s in EECS (data science) from UC Berkeley. With the recent emphasis on Uber…
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IBM snaps out of revenue doldrums, breaking a five-quarter losing streak in Q4
International Business Machines is living a case study of a large, established company vying to transform. Over the last decade, the technology elder has struggled to move into areas like cloud and AI. IBM has leaned on a combination of its own R&D abilities and deep pockets to push into…
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Netflix adds 8.8M subscribers despite growing competition
Netflix grew by 8.8 million net subscribers in the fourth quarter of 2019, according to its latest earning report, putting its growth well ahead of its forecast of 7.6 million. The company says it has 167 million paid memberships worldwide, with more than 100 million outside the United States. It…
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