Few along the Apple logistics chain are escaping the ripple effect from slumping iPhone sales. The iPhone assembler Foxconn Technology Group reported disappointing net profits for Q2 that were below analysts’ expectations. A saturated iPhone market, stalled sales as consumers anticipate the latest iPhone model,...
Apple isn’t the only one feeling the pain from a decline in demand for iPhones — so is its assembler, Foxconn Technology Group, formerly known as Hon Hai Precision Industry Co. On Thursday (Aug. 11), Foxconn reported second quarter net profits that were down 31 percent compared to the...
Alibaba’s results came in above the Street, rather nicely, demonstrating that mobile sales for the Chinese eCommerce player are picking up traction and boosting margins. The company’s stock moved up mid single digit percentages Thursday as a result. A boost in both the number of users...
Wendy’s quarterly earnings were lower than expected when the Dublin, Ohio-based fast-food chain announced them on Wednesday (Aug. 10), but the company blamed the downturn in sales to the fact that people simply aren’t eating out as much because the low cost of groceries now...
OnDeck was on track with its Q2 earnings announced Aug. 8, keeping investors happy and the share price flat in early trading but then trending upwards. Revenues were better than analysts’ expectations, and net losses were lower than projections. According to OnDeck, the results show...
OnDeck Capital reported second quarter results on Monday (Aug. 8) that fared a bit better than analysts’ expectations, with key tailwinds including stronger originations, with higher loan loss provisions building up as the business model shifts. The headline numbers showed that revenues of $69.5 million, which...
“Q2 was a busy quarter and the good thing is that it is now behind us.” Such began Lending Club CEO Scott Sanborn’s first analyst call yesterday (August 8) as CEO. Analysts went into the call with fairly low expectations – losses were expected. Unfortunately for...
Square managed to redeem its disappointing Q1 performance with healthier Q2 earnings. The first quarter saw the stock price plunging by 12 percent as investors showed concern with Square’s increasing expenditures. However, payment volumes were strong in Q2, and losses were reined in. Square has struggled...
Western Union said on Wednesday (Aug. 3) that it had posted earnings of $0.42 a share for the second quarter that ended in June, which bested The Street by two pennies, as money transfers remained strong and the firm continued to gain traction in its digital...
