Google’s financial performance faltered in the second quarter as a downturn in the Internet search leader’s ad prices deepened.
Grocery store chain Safeway Inc. said its profit fell in the second quarter on one-time costs partly related to a deal to sell its Canadian operations.
Intel Corp., the world’s largest maker of chips for PCs, put a brave face on the decline of the global PC sales earlier this year, saying it expected its own sales to grow. On Wednesday, it backtracked, saying sales will be flat.
Yahoo’s second-quarter results aren’t giving Marissa Mayer a lot to celebrate as she completes her first year running the Internet company.
Oracle is still having trouble closing enough business software deals to keep Wall Street happy. The quarterly results announced Thursday could escalate investors’ fears about Oracle’s ability to adapt to the changing demands of its customers.
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.