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.
Cisco’s latest quarterly report is providing further evidence that spending on technology gear is picking up despite persisting concerns about a still-shaky economy.
Online game maker Zynga is reporting a smaller net loss and nearly flat revenue for the fourth quarter of 2012, a year in which its stock price shrank 75 percent.
Yahoo’s fourth-quarter earnings topped analyst estimates as an upturn in its international investments helped end a three-year slump in revenue.
Apple needs to come down off its perch and start making nice with Wall Street, analysts said Thursday as investors hammered the company’s stock. The sell-off put Apple a hair’s-breadth away from losing its status as the world’s most valuable company.
Apple’s blockbuster revenue growth is slowing drastically, as iPhone sales plateau and the company finds itself lacking revolutionary new products.
Netflix’s Internet video service has added 2 million U.S. subscribers during the final three months of the year to produce an unexpected profit for the company.
Oracle says its latest quarterly earnings rose 18 percent as companies splurged on more software and other technology toward the end of the year.
Chevron says its third-quarter net income fell 33 percent as production declined and it sold oil and gas at lower prices.
Apple missed Wall Street earnings expectations for the second straight quarter, as iPad sales fell short of analyst forecasts.