Quarterly Earnings
Cisco 3Q Net Income Rises 14 Percent
Cisco says its net income rose 14 percent in the latest quarter, and says it is seeing “some good signs” in the U.S. and other markets.
Visa Inc. Beats Earnings, Revenue Projections
Visa Inc. says its net income slipped nearly 2 percent in the first three months of this year from a year earlier, when the company benefited from an adjustment to its income tax provision.
Zynga Posts Lower Quarterly Revenue; Shares Fall
Zynga reported a small profit in the first three months of the year, as the online game company reduced expenses. But a revenue decline and a lower-than-expected second-quarter forecast are sending its stock tumbling.
Apple To Dole Out $100B To Shareholders; Earnings Outlook Weaker
Apple is finally opening the doors to its bank vault, saying it will distribute $100 billion in cash to its shareholders over two years.
EBay Revenue Growth Misses Estimates; Stock Lower After Hours
EBay grew its earnings and revenue in the first quarter thanks to growth in its PayPal business and its e-commerce sites. But revenue fell shy of Wall Street’s expectations, causing investors to send the company’s stock lower in after-hours trading.
Yahoo Earnings Climb Despite Decline In Ad Revenue
Yahoo is making more money under CEO Marissa Mayer, even as the Internet company struggles to sell more of the ads that bring in most of its revenue.
Wells Fargo Profit Rises 23% Despite Slip In Mortgage Income
San Francisco-based Wells Fargo, the nation’s biggest mortgage lender, said its first-quarter profit surged 23 percent after the bank cut expenses.
Apple Shares Hit 52-Week Low
Shares of Apple hit their lowest level in more than a year on Monday, continuing a decline hastened by the company’s last quarterly earnings report.
Hewlett-Packard Quarterly Earnings Beat Forecasts
Slumping personal computer maker Hewlett-Packard has shown signs of progress in its latest quarter, even though its earnings dropped 16 percent.
Safeway Earnings Soar Past Expectations; Shares Jump
Grocery store operator Safeway’s net income jumped 13 percent in the fourth quarter helped by higher gift and prepaid card revenue and a legal settlement.
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