Facebook’s quarterly earnings and revenue grew and surpassed expectations as the company expanded the number of users and the amount of money it makes on mobile ads.
Yahoo’s latest quarterly report shows CEO Marissa Mayer is still having trouble bringing in more revenue as online advertisers spend more money at Google, Facebook and other rivals.
Apple’s holiday season proved to be a disappointment even though the company sold a record number of iPhones and iPads during its latest quarter.
A newly-released report found Internet advertising revenue climbed to a record-breaking high in the third quarter of 2013, totaling nearly $10.7 billion.
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.
Cisco announced it would lay off some 4,000 workers beginning in the first quarter of 2014.
Apple’s latest quarterly report confirms the iPhone maker’s growth has stalled along with its pace of innovation.
Google’s financial performance faltered in the second quarter as a downturn in the Internet search leader’s ad prices deepened.
The increased tax rate is expected to generate about $1.5 million in additional revenue a year for the city.