earnings Archive

Is big data in big trouble?

We recently saw two critical developments in the big data and analytics space. Tableau (DATA) released earnings and missed their forecast by $0.05; their stock dropped 5 percent. Then Hortonworks (HDP) announced a revenue miss that sent the stock into a downward spiral. What’s going on with the business intelligence (BI) and Hadoop space? Should we run for the hills, far away from the BI …

Sony posts $205M profit as downsized mobile business stops bleeding cash

Sony posted a slim ¥21.2 billion ($205 million) profit for its Q1 2016. That’s down on the ¥82.4 billion profit it carded this time last year, but in general the quarter was a mixed bag of positives and negatives following the impact of cost-cutting initiatives. We already knew the firm would take somewhat of a hit this quarter after it warned of the impact that the Kumamoto earthquake had …

Grubhub announces more investments following strong 2Q

Takeout food delivery platform Grubhub stock soared 26 percent following a way-better-than-expected second quarter earnings release. The online marketplace connecting restaurants and takeout diners beat analysts expectations, both for revenue and adjusted EPS. For the second quarter ended June 30, the company posted $120.2 million in revenue, whereas Wall Street was expecting $114.2 million. Non-GAAP net income per diluted share was 23 cents, or four cents …

LG Mobile reports $132M loss as flagship G5 gets off to a slow start

Flagship phones are often make or break in the mobile industry. Just ask LG. The Korean company’s G5, an ambitious effort at modular devices, continues to weigh on the company’s financial performance this year. LG announces its Q2 2016 report today and, in short, its mobile business is still some way from breaking even. While LG Electronics — the entire group — posted an operating profit of KRW …

Samsung reports highest profit for 2 years thanks to strong Galaxy S7 sales

Earlier this month Samsung forecast its most profitable quarter for two years, and today it delivered on that promise with its Q2 2016 results. The Korean tech giant reported a 8.14 trillion won ($7.22 billion) operating profit on revenue of 50.94 trillion won ($45.2 billion). That profit figure is up 18 percent year-on-year, while the quarter’s revenue represented a five percent annual increase. The company’s mobile division accounted for more than half of …

GoPro sales beat investor expectations but still in steep decline

Action-camera maker GoPro reported second quarter earnings after the bell on Wednesday. Shares quickly rose 10% in after-hours trading, but then were down 3% as investors dug through the earnings release. And then they were back up at about 3%.   The company posted revenue of $220.7 million, above analyst forecasts of $194 million. Adjusted earnings per share was negative 52 cents, when Wall Street was …

Apple’s cash on hand decreased for the first time in nearly two years

Apple just reported earnings for Q3 2016, and the company soundly beat analyst’s expectations. However, there was one number that we’re not used to seeing. Apple’s cash on hand actually decreased for the first time in seven quarters. Cash on hand this quarter amounted to $231.5 billion, which is down $1.4 billion from the $233 billion on hand at the end of Q2. As a refresher, …