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.
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 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’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 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 Corp., the world’s largest maker of chips for PCs, is sticking to its guns amid a drastic slowdown in computer sales.
Video game publisher Electronic Arts says its CEO, John Riccitiello, will step down on March 30.
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.
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.
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.