Facebook delivered fourth-quarter results above Wall Street’s expectations on Wednesday and sought to show that it has finally transformed into a “mobile company.”
Netflix stock is on its way to its biggest one-day gain since the video subscription service went public more than a decade ago.
Google eked out slightly higher earnings in the fourth quarter, despite a financial drag caused by the Internet search leader’s expansion into device manufacturing and a decline in digital ad prices as more people gaze into the smaller screens of smartphones.
Wells Fargo, the country’s biggest mortgage lender, said it earned a record $4.9 billion in the fourth quarter, up 25 percent from the same period a year before.
Chevron Corp. expects fourth-quarter earnings to be “notably higher” than third-quarter profit. The company said Thursday that its fourth-quarter results will be helped by bigger gains on asset sales and more oil and gas production.
Oracle says its latest quarterly earnings rose 18 percent as companies splurged on more software and other technology toward the end of the year.
The San Francisco-based clothing retailer said stronger sales at its Banana Republic, Old Navy and namesake stores all contributed to the performance.
Netflix cut its prediction of how many video streaming subscribers it would add this year after its third-quarter additions of 1.2 million came in at the low end of the company’s forecasts.
Facebook is reporting a loss for its third quarter, though revenue rose by nearly a third. The results exceeded Wall Street’s expectations.
Yahoo has ushered in Marissa Mayer as its new CEO with a third-quarter earnings report that topped analyst estimates.