Tag: Earnings Surprises

Zynga stock drops as outlook overshadows earnings beat, M&A momentum

Zynga Inc. shares dropped Thursday as the videogame publisher’s outlook overshadowed results that topped Wall Street estimates, amid continued M&A momentum and a move to reduce its physical presence in San Francisco. Zynga ZNGA, -1.31% shares plummeted 16% after hours, following a 1.3% decline to close at $9.77. Zynga shares closed at their highest level […]

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PayPal stock slips as earnings beat expectations but outlook comes up short

PayPal Holdings Inc. topped profit expectations for its latest quarter, but it delivered a lower-than-expected outlook for the current quarter as eBay’s transition to managing its own payments experience is happening more quickly than expected. While PayPal PYPL, +0.50% was the main payments partner for eBay EBAY, +0.83% in the initial years following the separation […]

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Microsoft tops $60 billion in annual earnings for the first time to cap record-breaking year

Microsoft Corp. finished yet another record-breaking year with more than $60 billion in profit and $165 billion in sales, showing why it has become only the second $2 trillion company in U.S. stock market history, and shares turned around after it projected more growth. Microsoft MSFT, -0.87% on Tuesday reported fiscal fourth-quarter earnings of $16.46 […]

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Tesla tops $1 billion in profit, delays Semi launch

Tesla Inc.’s profit topped $1 billion for the first time in the company’s history and its sales nearly doubled, zooming past Wall Street expectations, but there was no stock rally late Monday as a “limited” battery supply and the ongoing chip shortage crimped the Silicon Valley electric-car maker’s output and forced it to delay the […]

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Micron results, outlook top Wall Street estimates

Micron Technology Inc. reported earnings and an outlook that surpassed Wall Street expectations in the extended session Wednesday as the chip maker also announced it was selling one of its facilities to Texas Instruments Inc. For the fiscal third quarter, Micron MU, +2.47% reported net income of $1.74 billion, or $1.52 a share, compared with […]

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Oracle stock falls despite earnings beat, CEO expects to push more money toward cloud efforts

Oracle Corp. blew away expectations for earnings and sales to close out its fiscal year Tuesday, but shares dipped as executives revealed plans to spend more money developing Oracle’s cloud business. Oracle ORCL, -1.19% on Tuesday reported fiscal fourth-quarter earnings of $4.03 billion, or $1.37 a share, on sales of $11.23 billion, up from $10.44 […]

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