Facebook’s stock is soaring after the company reported a 60 percent revenue increase in the third quarter thanks to mobile advertising growth. The numbers beat Wall Street’s expectations for the second quarter in a row.
LinkedIn Corp. posted a loss for the third quarter on Tuesday, but the results were stronger than Wall Street expected as the professional networking service boosted its user base and increased revenue.
Netflix’s earnings quadrupled as its line-up of original programming helped the Internet video subscription service attract 1.3 million more U.S. subscribers during its latest quarter.
The unusual investment opportunity kicked off Thursday with an IPO filing proposing to sell stock for a stake in the future income of the Houston Texans’ Arian Foster, a top running back in the National Football League.
Intel said Tuesday that its third-quarter net income was unchanged, stymied by a continued slump in global PC demand.
Higher software revenue helped lift Oracle Corp.’s fiscal first-quarter net income by 8 percent.
Adobe Systems Inc., the maker of Photoshop and Adobe Reader, said Tuesday that its fiscal third-quarter earnings tumbled 59 percent, but it added subscribers to its Creative Cloud service.
Excluding one-time items and lease accounting, Tesla Motors Inc. said it had a profit of 20 cents per share. The one-time items included a $16 million charge associated with the payoff of a $465 million loan from the U.S. Department of Energy. Tesla paid off the loan in May, nine years earlier than it was due.
LinkedIn’s second-quarter net income rose 33 percent as the online professional networking service’s membership growth accelerated.
Facebook’s stock is soaring after the world’s biggest social network posted higher revenue from mobile ads and delivered a healthy second-quarter profit that reverses a loss a year ago.