Seeing the letters 'R' and 'S' on an Audi's arse makes me happy. It means that under the hood there's plenty of power, it'll be comfortable to ride in, and it looks a bit special. RS Audis are best suited for lazier type of driver - one who wants to go very quickly without having to worry about much else. I love them -- the RS 6 is my favourite, if I'm honest, as it'll manage nearly 200mph and has a giant boot. Excessive speed, yes, but the torque required to get it there means … Read more
Amazon fell short of investors' expectations Thursday when it reported earnings of 51 cents-per-share and a revenue of $25.59 billion in the fourth quarter. The company's stock was down more than 8 percent shortly after the news hit.
Wall Street was expecting earnings of 67 cents a share and a revenue of $26.05 billion.
It seems no matter how much money Amazon spends, investors are still optimistic. In December, the company's stock hit $400 for the first time, despite reporting quarterly losses previously. It's been able to maintain its stock price since, but it's … Read more
While everyone was looking at Twitter's IPO soar and Groupon shares plummet, Nvidia quietly published its third-quarter earnings report after the closing bell on Thursday.
The GPU maker reported a net income of $118.7 million, or 20 cents per share (statement). Non-GAAP earnings were 26 cents per share on revenue of $1.054 billion, down 12.5 percent year over year. EPS was down by a whopping 39.4 percent from the same quarter last year.
Nevertheless, Nvidia still beat estimates given that Wall Street was looking for earnings of at least 20 cents per share on revenue … Read more
Facebook's third-quarter earnings for this year shows the social network going strong on mobile, as showcased by its increase in both mobile users and mobile ad dollars.
The company released its quarterly report Wednesday, along with a revenue figure that beat Wall Street expectations. Although the network's figure for overall monthly active users didn't jump too much, Facebook's report shows that its users are migrating to mobile quickly.
Here's some of the highlights:1.19 billion monthly active users (MAU) as of September 30, 2013, an 18 percent increase from a year ago 728 million … Read more
Amazon is selling more general merchandise thanks to the frequent deliveries made by its AmazonFresh grocery delivery service, the company said Thursday.
Amazon Chief Financial Officer Thomas Szkutak didn't give too many details during the company's third-quarter earnings call, but he did say Amazon was happy with AmazonFresh's latest entry into the Los Angeles market.
"It's very, very early in LA, but what we see so far we like. We're adding a lot of selection there on behalf of customers," he said during the company's quarterly earnings call.
When asked whether the … Read more
Amazon just barely beat Wall Street's expectations Thursday when it reported a loss of $41 million, or 9 cents-per-share, in the third quarter and net sales of $17.09 billion. (see PDF below.)
Analysts were expecting a 9 cent-per-share loss on $16.76 billion in revenue for the quarter. The net sales figure is a 24 percent increase from last year.
The online retailer's stock hit $332.21 a share at the close of the market on Thursday, and the price went up more than 4 percent in after-hours trading immediately following its earnings report. Amazon is scheduled … Read more
Yahoo CEO Marissa Mayer is, once again, asking for a bit more time to prove that Yahoo can remake itself.
During the company's third-quarter earnings live-stream, which features Mayer and CFO Ken Goldman as mock broadcast news anchors, the promising CEO made sure to emphasize that the company needs more time to turn itself around. Yahoo on Tuesday delivered disappointing earnings again. Though it beat Wall Street's estimates, the company reported that its revenue was down by 5 percent in Q3.
"It will take some time for our products to translate to revenue, but I am convinced … Read more
Yahoo net earnings for the third quarter were $297 million, down 91 percent from a year ago, the company reported Tuesday.
Yahoo noted that 2012's Q3 net earnings included a net gain of $2.8 billion related to the sale of Alibaba Group shares, which is part of the reason why the earnings decreased significantly this year.
Third-quarter earnings beat Wall Street expectations, with 34 cents a share on revenue of $1.14 billion, down 5 percent from a year ago. Analysts were expecting 33 cents a share on revenue of $1.08 billion. Yahoo CEO Marissa Mayer is … Read more
Facebook's most recent products, Home and Graph Search, aren't gaining much popularity with users, but CEO Mark Zuckerberg said the products are just too new for consumers.
Zuckerberg tried to manage expectations for Home, a software suite of Facebook apps for Android, and Graph Search, Facebook's search engine, during the company's second-quarter earnings call on Wednesday. He said the company plans to invest in these products for years to come.
"Things like Home and Graph Search, are really new use cases -- different category of product," he said. "I think of it more … Read more
Though Facebook is still slowly growing its overall user base, its attention to mobile seems to have paid off, if figures released in the company's second-quarter earnings report on Wednesday are any indicator.
Facebook had a 51 percent increase in monthly active mobile users over the last year, a good sign for a company that's revamped its strategy around mobile and, more specifically, mobile advertising. The increase in mobile users could bolster Facebook as it tries to get users to spend more time on Facebook. And that's what advertisers want to see.
"People on average are … Read more