Visa Inc. says its net income slipped nearly 2 percent in the first three months of this year from a year earlier, when the company benefited from an adjustment to its income tax provision.
Lower than expected revenue growth disappointed investor and shares fell sharply Thursday.
Zynga reported a small profit in the first three months of the year, as the online game company reduced expenses. But a revenue decline and a lower-than-expected second-quarter forecast are sending its stock tumbling.
Apple is finally opening the doors to its bank vault, saying it will distribute $100 billion in cash to its shareholders over two years.
EBay grew its earnings and revenue in the first quarter thanks to growth in its PayPal business and its e-commerce sites. But revenue fell shy of Wall Street’s expectations, causing investors to send the company’s stock lower in after-hours trading.
Yahoo is making more money under CEO Marissa Mayer, even as the Internet company struggles to sell more of the ads that bring in most of its revenue.
Shares of Oracle plummeted in Thursday trading a day after the enterprise software giant reported earnings that missed analysts’ expectations by a wide margin.
Shares of Apple hit their lowest level in more than a year on Monday, continuing a decline hastened by the company’s last quarterly earnings report.
Slumping personal computer maker Hewlett-Packard has shown signs of progress in its latest quarter, even though its earnings dropped 16 percent.
Grocery store operator Safeway’s net income jumped 13 percent in the fourth quarter helped by higher gift and prepaid card revenue and a legal settlement.