It’s been nearly one year since Square IPO’d, and the market shrugged its collective shoulders. Yesterday’s earnings call showed a very different picture — one that had Square beating The Street on the back of larger merchants signing on and a big uptake in Square...
MoneyGram, the money transfer company, showed results Friday (Oct. 28) that topped net income expectations on The Street, as the traditional money sending business showed growth and online initiatives gained even faster traction. Investors sent the stock up more than 9 percent to $6.62. MoneyGram...
In an earnings season dominated by some tech disappointments (Amazon and Apple), Google shone (and yes, we know the parent company is Alphabet). Alphabet showed profits up 27 percent year over year to $9.06, better than The Street at $8.63, climbing more quickly than sales,...
In news surprising to no one, The Galaxy Note both literally and figuratively torched Samsung’s earnings last quater. Samsung Electronics just logged its lowest quarterly profit in two years, all but erasing earnings from its mobile unit in the three months to October. And worse...
Payments giant Visa posted growth in payments volumes and got a boost, as can be expected, from its Visa Europe acquisition. In the wake of the recent announcement that CEO Charles Scharf would be resigning at the end of the year, Visa’s fourth quarter results showed some...
Third-quarter earnings were a slam-dunk for PayPal, which beat the street and announced a global partnership that bounced the stock price in after-hours trading. PayPal’s share price had been declining in early October, but the impressive numbers turned that around. But the biggest announcement, and...
American Express surprised analysts with its third quarter earnings announcement yesterday [October 19], and stock jumped significantly in after-hours trading. Adjusted earnings per share exceeded analysts’ predictions, and the company raised its guidance for the rest of the year. Chairman and CEO Kenneth Chenault said,...
Credit card giant American Express reported results that showed continued traction in consumer spending in the third quarter, with earnings of $1.20, up above estimates by $0.23. Revenues were just slightly above The Street at $7.8 billion versus $7.7 billion, and as has been widely...
Costco Wholesale, the warehouse club retailer, was able to post higher-than-expected profit for its fourth quarter, and it has lower fees to credit card partner Visa partly to blame. The other reason for the better-than-expected performance: Shoppers plunked down more cash for appliances, electronics and...
