Gap Inc. offered an upbeat profit outlook for its third quarter as the clothing chain announced a solid October increase for a key sales yardstick that surpassed analysts’ expectations.
Tesla Motors’ high-flying stock tumbled 12 percent in after-hours trading Tuesday after the electric car maker’s third-quarter results fell short of expectations.
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.
He says he and funds run by his son and a partner bought the shares for about $58 each, and sold them in several blocks this month for $304.23 and $341.44 apiece.
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.