Apple’s latest quarterly earnings fell 9 percent as more people bought the company’s lower-priced iPhones and iPads.
EBay’s third-quarter earnings edged past analysts’ expectations, but revenue rose just short of estimates. The company’s profit and revenue outlook for the current quarter through December was also weaker than expected.
Intel said Tuesday that its third-quarter net income was unchanged, stymied by a continued slump in global PC demand.
Safeway said Thursday its third-quarter net income fell 58 percent, hurt by a software impairment charge, higher theft and lower property gains. Results beat expectations however and shares rose 6 percent in aftermarket trading.
Gap raised its earnings per share outlook for the year on Thursday, after its summer lineup helped boost second-quarter results and advanced its turnaround push.
Cisco announced it would lay off some 4,000 workers beginning in the first quarter of 2014.
Zynga narrowed its second-quarter losses as the troubled company laid off workers and trimmed other expenses to help offset its difficulty coming up with compelling games to play on smartphones and tablet computers.
Visa Inc. says it returned to a profit in its fiscal third quarter, aided by strong revenue growth as transactions increased.
Apple’s latest quarterly report confirms the iPhone maker’s growth has stalled along with its pace of innovation.
EBay’s revenue increased in the second quarter as its PayPal business and namesake online marketplace continued to grow. But net income fell amid higher expenses and its outlook for the current quarter was shy of Wall Street’s expectations.