Earnings
Gap’s 1st-Quarter Profits Rises 43 Percent
The San Francisco-based clothing retailer, which operates the Gap, Old Navy and Banana Republic clothing chains, says that it earned $333 million, or 71 cents per share, for the three-month period ended May 4. That compares with $233 million, or 47 cents per share, in the year-ago period.
10 Percent Revenue Slide Adds To Woes For Slumping Hewlett-Packard
Hewlett-Packard’s slump is deepening as the world’s largest personal computer maker scrambles to meet the growing demand for more versatile and less expensive mobile devices.
LinkedIn 1Q Revenue Soars, But Outlook Falls Short
LinkedIn said Thursday that its first-quarter net income grew more than fourfold as revenue increased sharply, but its outlook is below Wall Street’s expectations.
Netflix Adds 2 Million Subscribers, Stock Price Jumps
Netflix’s move to compete against traditional cable-TV channels with original programming is pulling in more subscribers to its internet video service and winning back investors who doubted the company’s ability to develop distinctive entertainment.
Google’s 1st Quarter Earnings Jump Past Wall Street Expectations
Google’s latest quarterly results provided further proof that the Internet search leader is figuring out how to make more money as Web surfers migrate from personal computers to mobile devices.
Intel Meets 1st Quarter Expectations Despite PC Slowdown
Intel Corp., the world’s largest maker of chips for PCs, is sticking to its guns amid a drastic slowdown in computer sales.
Electronic Arts CEO Stepping Down; Outlook Guidance Lowered
Video game publisher Electronic Arts says its CEO, John Riccitiello, will step down on March 30.
Gap Sees Net Income Rises 61 Percent In Strong 4th Quarter
Gap Inc. is reporting a 61 percent increase in profits for the fourth quarter, capping a strong year that saw the company’s turnaround take hold.
Visa’s Fiscal 1Q Net Income Jumps 25 Pct
Shoppers hit stores for the holidays in the final months of 2012 and it seems many of them were armed with credit and debit cards using the Visa network.
Yelp Reports Narrower 4Q Loss As Revenue Climbs
Online reviews site Yelp Inc. reported a narrower fourth-quarter loss on Wednesday as visitors to its website and apps grew from a year ago, before it had gone public.


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