Apple said on Tuesday that its services business in the fiscal third quarter grew about 13%, reflecting the company’s effort to expand in subscription products as the iPhone sales slow. Revenue in services, which includes the App Stores Apple Care, Apple Pay, iCloud and Apple Music, increased to $11.46 billion from $10.17 billion a year
Earnings
Apple now has $210.6 billion cash on hand, according to the company’s fiscal third-quarter earnings report released on Tuesday. That’s a 6.6% decline from its fiscal second quarter of 2019, when it reported a cash pile of $225.4 billion. It’s down 13.6% from the year-ago quarter. Apple continues to host one of the largest cash
Apple has had a strong 2019 so far, with the stock up more than 45% since the company hit a low after it announced a revenue shortfall on January 2. The iPhone maker continues to mint money, too, and has guided that it will book at least $52 billion in revenue when it reports earnings
Packages of Beyond Meat Inc. beef crumbles are displayed for a photograph in Tiskilwa, Illinois, U.S., on Tuesday, April 23, 2019. Daniel Acker | Bloomberg | Getty Images Beyond Meat is set to report earnings after the bell Monday Shares of the company fell as much as 7% in afternoon trading ahead of the report.
Wall Street analysts were disappointed but not surprised with Tesla‘s dismal earnings report. Many analysts continued to decry the lack of margin and profit improvement and said the company’s report still raises more questions than it answers. The automaker on Wednesday posted a loss that was bigger than analysts expected, sending shares down more than
American Airlines plane Silas Stein | picture alliance | Getty Images Strong travel demand helped American Airlines post second-quarter profit that came in slightly higher than expected, but the largest U.S. airline said it took a hit from the prolonged grounding of the Boeing 737 Max. American posted a per-share profit of $1.82 on an
Shares of Google parent company Alphabet rose more than 8% after the company reported earnings for its second quarter of 2019 after the bell on Thursday. Alphabet said its board of directors approved the company to repurchase up to an additional $25 billion of its Class C capital stock. On a call with analysts, CFO
Intel shares rose more than 7% in extended trading on Thursday after the chipmaker reported better-than-expected earnings and revenue and gave an upbeat forecast. Here are the key numbers for the second quarter: Earnings: $1.06 per share, excluding certain items, vs. 89 cents per share as expected by analysts, according to Refinitiv Revenue: $16.51 billion,
Sarah Whitten | CNBC Shares of Mattel jumped as much as 7% in extended trading Thursday after the company posted a narrower-than-expected loss in the second quarter and reported strong sales of its Barbie dolls and Hot Wheels cars. “This quarter further demonstrates the continued momentum of our multi-year turnaround strategy,” Ynon Kreiz, chairman and
Twitter posted earnings that beat analyst estimates on the top and bottom lines Friday, helping to boost share prices by about 9%. The rally added more than $2 billion to Twitter’s market cap, bringing it around $32 billion. Here are the key numbers Twitter reported for its second quarter of 2019: Earnings per share: 20