'iPad Christmas' Helps Apple Beat Street, Q2 Guidance a Grinch
Apple posted earnings of $14.50 per share on revenue of $57.6 billion in its fiscal first quarter, beating analyst estimates of $14.07 on sales of $57.46 billion. During the same period a year ago, Apple posted $54.5 billion in sales and $13.81 in earnings per share.
Netflix on Monday released its first-quarter financial results, with the company beating analyst expectations. For the first three months of the year, the company reported earnings of 86 cents per share on revenues of $1.27 billion. Earnings were above analyst expectations of 83 cents a share, while revenues were in-line with the $1.27 billion Wall Street forecast for the quarter. In last year’s first quarter, Netflix earned 5 cents a share on $1 billion in revenue.
Keith Bliss, senior vice president and director of sales & marketing at Cuttone & Co., Inc. weighs in on Apple Inc.'s (AAPL) fiscal fourth quarter earnings released after the closing bell on Monday. Apple Inc. (NASDAQ: AAPL) is expected to report fiscal fourth quarter earnings of $7.93 per share on revenue of $36.8 billion, compared with earnings of $8.67 per share on revenue of $36 billion in the same year-ago period, according to Reuters. Wall Street expects the tech giant to post sales of 33
Hewlett Packard posted Q1 earnings of 90 cents per share on revenue of $28.15 billion. Analysts were looking for 84 cents on sales of $27.19 billion. Last year, HP earned 82 cents on sales of $28.36 billion in its first quarter.
Microsoft Corporation (NASDAQ:MSFT) on Tuesday is expected to report fourth quarter earnings of 60 cents per share on revenue of $23 billion, compared with a profit of 66 cents a share on revenue of $19.93 billion in the year-ago period. Keith Bliss, senior vice president and director of sales & marketing at Cuttone & Co., Inc., weighs in on technology earnings from Microsoft Corporation (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL), Facebook Inc. (NASDAQ:FB) and Amazon.com Inc. (NASDAQ:AMZN). Mi
This morning, Macy's (M) reported third quarter earnings of $177 million, or 47 cents per, as revenue climbed by 3% to $6.28 billion. The company easily beat Wall Street estimates for both sales and earnings and issued full year guidance in the range of $3.80 to $3.90 per share.
Macy's reported a quarterly profit that handily beat Wall Street expectations on Wednesday, with the department store chain citing stepped up advertising for a stronger sales. Its shares surged more than 7 percent in premarket trading. Macy's earned $177 million, or 47 cents per share. That compares with $145 million, or 36 cents per share, a year ago. Revenue rose 3 percent to $6.28 billion. Analysts expected earnings per share of 39 cents on revenue of $6.19 billion.
Netflix posted fourth quarter earnings of 79 cents per share on revenue of $1.18 billion after the bell, beating Wall Street consensus estimates on the top and bottom lines. The company's results were boosted by domestic net additions of 2.33 million, up 14% from last year. Netflix shares were surging in post-market trading, as were eBay's which also reported Q4 results. eBay beat the Street's earnings estimate by a penny, but missed slightly on the top.
Keith Bliss, senior vice president and director of sales & marketing at Cuttone & Co., Inc., weighs in on the top technology and social media earnings this week from Apple Inc. (NASDAQ: AAPL), Facebook Inc. (NASDAQ: FB), Google Inc. (NASDAQ: GOOG) and Amazon.com, Inc. (NASDAQ: AMZN). Tech giant Apple Inc. (NASDAQ: AAPL) on Monday is expected to report fiscal first-quarter earnings of $14.05 on revenue of $57.46 billion, according to analysts polled by Reuters. Shares of Apple rose 1.38 per
LinkedIn posted fourth quarter earnings of 39 cents per share on revenue of $447 million. Analysts were looking for 38 cents on sales of $438 million. Last year LinkedIn earned 35 cents on sales of $304 million in its fourth quarter.
Facebook posted earnings of 31 cents per share on revenue of $2.59 billion in its fourth quarter, beating Wall Street's consensus estimate of 27 cents on sales of $2.33 billion. As for details, monthly active users came in at 1.23 billion, up 16%. Mobile monthly active users came in at 945 million, up 39%, while all-important mobile ad revenue was 53% of total revenue. The company's shares finished down 3% in the regular session but are surging in post-market trading.
Microsoft posted flat revenue and a decline in net income for the fiscal 3rd quarter. Net income in the quarter through March 31 came to $5.66 billion, or 68 cents per share, down from $6.06 billion, or 72 cents per share, a year ago. Revenue was nearly unchanged at $20.40 billion, compared with $20.49 billion a year ago.
Apple reported earnings on Wednesday of $11.62 on $45.6 billion in revenues for its second quarter fiscal 2014 results, beating analysts’ estimates of $10.18 a share on $43.53 billion in revenue. Investors eagerly watched iPhone unit sales. Looking ahead investors want more product innovation. The iPad with retina display and Carplay are expected to boost growth and profitability. Apple also announced it will increase its share repurchase authorization to $90 billion and increase its dividend.