Outlook
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.
Poll Shows Californians Gloomy Outlook On Economy, Job Market
A new poll shows that most Californians are downright gloomy about the state’s economy and very few voters think the job market will improve this year.
Number Of California College Grads Taking Jobs In Retail, Restaurants Doubles
Young college graduates in California are facing a bleaker job outlook than just five years ago.
Zynga Stock Sinks After Lowered 2012 Outlook
Troubled Zynga’s stock is trading near its lowest level ever Friday after the online game maker behind “FarmVille” forecast a third quarter loss amid weak demand for its Web-based games. It’s also taking a hefty charge related to its March acquisition of mobile game company OMGPop.
Hewlett-Packard Stock Dives After CEO Warns Of Earnings Slump
Hewlett-Packard CEO Meg Whitman expects the technology company’s earnings to fall during the next year as she struggles to fix a wide range of problems in a weakening economy.
Wells Fargo 3Q Profit Up 21 Percent, Revenue Slips
Wells Fargo & Co. on Monday said that its third-quarter profit jumped 21 percent, as write offs of bad loans dropped while deposits grew.
Oracle Quarterly Profit Jumps; Server Business Declines
Stronger spending on business software helped Oracle’s quarterly profit jump 36 percent, but the company’s server business continued to deteriorate, which the company said is happening because it is shedding lower-margin deals.
Netflix Lowers Outlook Following Subscriber Split
LOS GATOS (CBS/AP) — Netflix has lowered its U.S. subscriber expectations for the third quarter because of customer losses relating to a split of its DVD and streaming options. The company, which separated its streaming […]
Netflix Shares Plunge On Sober Growth Outlook
Netflix Inc. is bracing for customer backlash that could result in its slowest subscriber growth in more than three years amid changes to its online video and DVD rental service that will raise prices by as much as 60 percent.
Safeway Reports Higher 2Q Profit; Eroding Market Share
Grocery store operator Safeway Inc. reported Thursday that its second-quarter profit grew as higher prices and strong gasoline sales helped offset its rising costs for commodities.
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