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Posts Tagged ‘earnings’

Razer hooks up with Tencent to focus on mobile gaming

Razer is summoning a big gun as it bids to develop its mobile gaming strategy. The Hong Kong-listed company — which sells laptops, smartphones and gaming peripherals — said today it is working with Tencent on a raft of initiatives related to smartphone-based games. The collaboration will cover hardware, software and services. Some of the ...

Surging costs send shares of ecommerce challenger Pinduoduo down 17 percent

China’s new tech force Pinduoduo is continuing its race to upend the ecommerce space, even at the expense of its finances. The three-year-old startup earmarked some big wins from the 2018 fiscal year, but losses were even greater, dragging its shares down 17 percent on Wednesday after the firm released its latest earnings results. The ...

China’s Qutoutiao is burning millions of dollars to take on TikTok parent

Chinese startup Bytedance is finding itself surrounded by challengers as its empire of new media products, including global video app TikTok and Chinese news aggregator Jinri Toutiao, gather steam. Tencent tried to play catch-up with a handful of new short-video services, and a Facebook clone of TikTok was reportedly in the making. Less famous players also ...

JD.com shares take off despite slowing revenue growth

Shares of JD.com, the Chinese e-commerce service that rivals Alibaba, are on the rise today after the online retailer announced better than expected results for Q4 2018, bucking uncertainty around tech companies in China. The company reported net revenue of RMB 134.8 billion ($219.6 billion) for the final quarter of last year. Despite representing the ...

Box fourth quarter revenue up 20 percent, but stock down 22 percent after hours

By most common sense measurements, Box had a pretty good earnings report today, reporting revenue up 20 percent year over year to $163.7 million. That doesn’t sound bad, yet Wall Street was not happy with the stock getting whacked, down more than 22 percent after hours as we went to press. It appears investors were ...

Uber reports $3B in Q4 revenue, rising operating losses

Ahead of its anticipated initial public offering this year, Uber reported a net loss of $865 million in the fourth quarter. That figure, however, was aided by a tax benefit that saved the company from reporting a $1.2 billion net loss in the period. On an adjusted, pro-forma basis, Uber’s net loss in the final ...

Alphabet revenues are up 22% but the stock is still dropping

Despite delivering a Q4 earnings revenue beat, Google parent company Alphabet’s stock is seeing a bit of a drop. The massive search company reported revenue of $39.3 billion, up 22 percent year-over-year with an EPS of $12.77. Alphabet stock dropped more than 2 percent in after-hours trading. The company’s beat of analyst estimates would have been a ...

Sony posts strong music earnings, as gaming business disappoints

Sony posted record quarterly earnings this week on the strength of very strong music profits. Those numbers were catapulted thanks to the company’s $2.3 billion acquisition of EMI as part of an ever-consolidating music industry. The electronics giant’s operating profit rose to $3.46 billion for the quarter — up from $3.21 billion a year prior, ...

Amazon reports better than expected Q4, but lowers Q1 guidance

Amazon had a heck of a holiday. The online retail giant posted Q4 earnings today, reporting $72.4 billion in revenue, topping last year’s $60.45 billion and besting the analysts’ forecast of $71.92 billion. Extremely wealthy individual Jeff Bezos singled out Alexa’s record holiday season as a source of the robust quarter. “Alexa was very busy ...

Samsung posts fourth-quarter profit drop, warns of weak demand until the second half of 2019

Samsung Electronics reported its largest quarterly profit decline in two years during its earnings report today. As the Galaxy maker warned in its earnings guidance earlier this month, its results were hurt by slower-than-expected demand for semiconductors, which had bolstered its earnings in previous quarters even when smartphone sales were slow. Samsung’s forecast was also ...