Facebook Inc. CEO Mark Zuckerberg spent a good part of the company’s second-quarter earnings call Wednesday (July 28) speaking about the so-called metaverse to play down a warning that growth is likely to slow in the coming quarters. The social media giant warned investors that...
PayPal reported second-quarter results Wednesday (July 28) that showed the great digital shift had boosted eCommerce fortunes and that peer-to-peer (P2P) payments during the period surged significantly, helped by cryptocurrency trading. In terms of headline numbers, the company’s earnings per share came in at $1.15,...
Kohl’s Inc. reported Tuesday (Aug. 18) that digital sales had surged 58 percent in Q2 compared to last year as the retailer’s net sales fell 23 percent amid the pandemic. “COVID has accelerated important movements that have been underway for some time,” Kohl’s CEO Michelle...
Reporting revenues of $3.47 billion for its second quarter 2020 — a jump of 129 percent from Q2 2019 — Fiserv President and CEO Frank Bisignano said Wednesday (Aug. 5), “We demonstrated the strength and resilience of our business model during the quarter.” Internal revenues declined...
July 26, 2019
Nothing lasts forever — and even for Amazon the good times cannot always roll. A week-and-a-half after celebrating its biggest ever day in terms of sales and member sign-ups on Prime Day(s) 2019 Amazon is facing the rare rash of investor skepticism after falling short of analysts pre-release predictions. By the numbers, Amazon’s Q2 revenue […]
July 29, 2020
In an earnings season defined by diminished expectations amid the worldwide economic shutdown, PayPal not only beat analysts’ expectations Wednesday (July 29) but enjoyed a record quarter. And the company credited its Venmo peer-to-peer (P2P) payments platform and QR code-based contactless-payments system for a big part of that success. “In the midst of the COVID-19 […]
April 30, 2020
Visa posted fiscal second-quarter results that showed a precipitous falloff in cross-border volumes late in the quarter amid the coronavirus pandemic, alongside what it termed a “significant deterioration” in spending...
August 09, 2019
It was a rough ride in after-hours trading after Uber reported its Q2 results — Uber’s big losses made investors and analysts nervous about the prospects for the ridesharing firm’s...
July 07, 2017
Samsung Electronics recently announced that operating profits saw record highs in the second quarter, buoyed by surging prices for memory chips. Operating profits gained 72 percent to about 14 trillion...
