The world should watch Alibaba closely. While the Chinese eCommerce giant’s international presence to date is relatively small, that fact looks to change in just a few short years. To start, Alibaba just released its fourth-quarter earnings report, which showed core and other revenues to...
Investors weren’t too keen on Alibaba’s latest earnings, pushing shares downward as a result. Alibaba reported EPS of $0.63 for its fourth fiscal quarter, below expectations of $0.66. This miss brought Alibaba (BABA) shares down the morning of the release. Pre-market trading saw value trending...
In an earnings season for big retailers that has been marked with a lot of gnashing of teeth and rending of garments – Target managed something fairly remarkable with its quarterly number report: some surprisingly good news. Shares shot up a notable 8 percent in...
Snap Inc. (SNAP) shares dropped nearly 25 percent in after-hours trading as investors learned the tech and social media company had missed the expectations for the first quarter. In its first earnings report since going public earlier this year, Snap Inc. reported revenue of $149.65...
The last 12 months have undoubtedly been a difficult period for marketplace lending pioneer Lending Club. In the year since the firm was rocked by the dual blows of the sudden departure of its charismatic founding CEO Renaud Laplanche and revelations that the company had intentionally mislead...
Over 30,000 Berkshire Hathaway shareholders met in Omaha, Neb., this past weekend to gain insight on a number of topics from chairman and CEO Warren Buffett. The event kicked off to a disappointing start as the multinational conglomerate reported a miss for the first quarter...
Square will open the market today with stocks about 6 percent more valuable than they were at opening yesterday. Investors were pleased with the better-than-expected revenue and earnings outcomes — and favorably impressed by Square’s higher-than-expected “take rate” and its surge in subscription services. “A...
Groupon, the daily deal website operator, reported first quarter earnings that showed a 5.5 percent decline in revenue in North America. According to a report in TechCrunch, revenue for its first quarter came in at $673.6 million, with non-GAAP earnings coming in at $0.01 a...
Card issuer Mastercard posted results Tuesday morning that bested analyst estimates, buoyed by increased spending by consumers globally, driven across both debit and credit cards. The bottom line, at $1.01, was six pennies ahead of the consensus estimate and up 12.7 percent from a year...
