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.
EBay’s third-quarter earnings edged past analysts’ expectations, but revenue rose just short of estimates. The company’s profit and revenue outlook for the current quarter through December was also weaker than expected.
Safeway said Thursday its third-quarter net income fell 58 percent, hurt by a software impairment charge, higher theft and lower property gains. Results beat expectations however and shares rose 6 percent in aftermarket trading.
Higher software revenue helped lift Oracle Corp.’s fiscal first-quarter net income by 8 percent.
Cisco announced it would lay off some 4,000 workers beginning in the first quarter of 2014.
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.
Virgin America posted a rare quarterly profit Wednesday, reflecting more people flying and falling fuel prices…
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.
Apple’s latest quarterly report confirms the iPhone maker’s growth has stalled along with its pace of innovation.