We all know what goes up must come down, but we’re nowhere near that point for Nvidia. This week, the company posted its earnings for the fourth fiscal quarter of 2024, and the numbers show the company is still a rocket ship hurtling into space, with its earnings absolutely exploding …
Read More »Slack’s Earnings Detail
Slack’s shares are set to fall sharply this morning, down around 16% in pre-market trading. As the company beat analyst expectations last quarter and guided within range, the selloff might feel a little surprising. Perhaps it shouldn’t. I spoke with a VC last week about what the new benchmark results …
Read More »Uber fined $20 million for lying about driver earnings, predatory financing
Uber, the San Francisco ride-sharing company, has been in the news of late over its game of chicken with the city of San Francisco over a $150 license fee for self-driving vehicles (which it lost) and for losing an estimated $3 billion dollars in 2016. Now the company has been …
Read More »Zynga Beats Expectations On Earnings, Posts A $3M Profit
Zynga today beat analyst expectations for its third-quarter earnings, bringing in about $176 million in bookings with flat earnings, and revenue of $196 million. Analysts were expecting a loss of 1 cent per share for the company’s earnings. It’s an interesting time for Zynga’s earnings report. Activision Blizzard just yesterday said it …
Read More »LinkedIn Q3 sales up 23% to $960M in its last earnings ahead of MSFT acquisition
Microsoft expects to close its $26.2 billion acquisition of LinkedIn by the end of this year — pending some final regulatory approvals — and so, in light of that, today LinkedIn posted a very basic earnings report for Q3. It’s also skipping the customary analyst call and is no longer providing financial …
Read More »Groupon Names Rich Williams CEO In Mixed Earnings Report
The deal service Groupon on Tuesday announced CEO and co-founder Eric Lefkofsky would step down, and Rich Williams would take over the company immediately. The company said Lefkofsky would return to the role of chairman of the board. Williams told TechCrunch in an interview that he plans to renew investment in …
Read More »Groupon Soars 23% On Favorable Earnings
Not dead yet, deal site Groupon soared 23% in initial after-hours trading, following a better-than-expected fourth quarter earnings release. The company beat revenue forecasts, bringing in $917 million, instead of the anticipated $846 million, and a 9% year-over-year increase. Adjusted earnings per share was at four cents, whereas Wall Street …
Read More »Earnings Review: Groupon Spikes, Pandora Mixed and Twitter’s Flat User Growth
It’s over! (Nearly.) This week was the last set of big earnings reports, barring a few happening early March — Square and Box, to be exact. It was a wild week, to be sure. Groupon (surprise!) beat expectations, sending the stock soaring. Pandora was reportedly in buyout talks, and had a …
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