Good news for Google, powered by mobile was a recurring theme in Google’s Q1 earnings call yesterday – following the announcement that the world’s largest search firm had missed on both earnings and revenue predictions by analysts. Google saw its revenue kick up 12 percent to $17.26 billion, from $15.42 billion at the same time in 2014 – though it did narrowly miss the $17.5 billion analysts were expecting.
For the full earnings report, see our write-up here
Every time Amazon has a quarterly earnings report, there’s just one question on investors minds: Will the eCommerce giant produce a profit? Well, Bezos might have some explaining to do again as Amazon’s first quarter earnings posted another loss yesterday (April 23), bringing the company back into the red to the tune of a net loss of $57 million.
For the full earnings report, see our write-up here.
Microsoft’s future may include mobile payments, but that’s not what CEO Satya Nadella is worried about for the moment — his concern is surviving to get to that future. For that, the software giant’s Q1 results represented good news, beating analysts’ estimates and edging Microsoft back on track.
For the full earnings report, see our write-up here.
For the full earnings report, see our write-up here.
The JPMorgan Chase first-quarter earnings call with analysts on April 14 was noticeably more subdued than the typical tone expressed by the otherwise outspoken CEO Jamie Dimon, one of the few banking leaders who’s been quick to criticize regulators.
For the full earnings report, see our write-up here
During Discover’s first-quarter earnings call with analysts April 21, CEO David Nelms offered something of a reality check on the coming EMV migration and liability shift.
For the full earnings report, see our write-up here.
American Express has done some backpedaling during the first quarter of the year.
It’s spent most of Q1 admitting that it was “arrogant” in the past, moving on from severed co-branded agreements, defending its antitrust legal battles and determining how to restructure its business in the digitally-changing ecosystem that led to 4,000 layoffs so far in 2015. But during a time that AmEx needed some good news, its first-quarter earnings delivered.
For the full earnings report, see our write-up here
What eBay’s first-quarter earnings showed is the power of PayPal as a contributor to eBay’s overall strong financial performance. PayPal’s growth in revenue, transactions and mobile volume over the last three months helped the eCommerce company post a better-than-expected first quarter, while eBay’s Marketplace performance sagged for the first time since 2009.
For the full earnings report, see our write-up here.
In Q1, Facebook’s ad revenue rose to $3.32 billion, up 42 percent from a year ago (and it reportedly would have been up 55 percent, except for the soaring dollar and the staggering euro). But that growth rate dropped from Q4, which showed a 53 percent increase. A breathtaking 73 percent of advertising revenue was from mobile ads — even more impressive because mobile advertising rates are typically lower than for desktop Web users.
For the full earnings report, see our write-up here
While Wells Fargo posted a slight profit dip in its first-quarter earnings that were reported yesterday (April 14), on the mobile side of its banking business, the number of customers is growing at a strong rate.
For the full earnings report, see our write-up here.
Showing its own strength in a growing trend among banks, Bank of America’s first-quarter earnings showed that its mobile banking customer base is seeing strong growth.
In fact, the number of mobile banking customers jumped 13 percent from last year’s Q1 to just under 17 million users. Mobile now accounts for 13 percent of all consumer deposit transactions, which is a 3 percent increase on a year-to-year basis. Tailoring its growth strategy toward the mobile customer aligns with one goal of BoA.
For the full earnings report, see our write-up here.
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