Apple’s latest quarter surpassed earnings expectations, sending the stock up about 3% in initial after-hours trading.
Its fiscal first quarter of 2017 saw record earnings of $3.36 per share, well above the $3.21 forecast by Wall Street. Revenue also beat, coming in at $78.4 billion, versus the $77.3 analysts were predicting.
Investors were pleased that the company sold 78.3 million… Read More
Apple shares up 3% after company beats earnings expectations
Snap — the makers of Snapchat — had confidentially filed for its IPO late last year, but it looks like we’ll be getting a look at the inner guts of the company’s financials and workings as early as late next week. The company will file publicly for its initial public offering late next week, according to a new report from Kara Swisher over at Recode. This is yet… Read More
Snap will reportedly file publicly for its massive IPO late next week
Yahoo reported its fourth quarter earnings to date, where as usual the financial metrics don’t really matter because the company is in the process of getting acquired by Verizon. There is, however, a very interesting footnote: the acquisition, expected to close in the first quarter, is getting pushed back to the second quarter this year. The company offered basically no explanation for… Read More
Yahoo surprises no one by pushing back its Verizon acquisition close date
Tesla said it delivered approximately 76,230 vehicles in 2016, falling short of the 80,000 vehicle projection it set for the year in its fourth-quarter earnings report at the beginning of the year. It’s a slight miss, and it doesn’t seem like one that’s made Wall Street all that upset. The company in October reported that it had made a profit in the third quarter, saying… Read More
Tesla falls short of its projected vehicle deliveries for 2016
A year after raising $100 million, London-based startup WorldRemit has picked up more funding. To compete against the likes of Western Union in the world of money transfers — and tap a remittance market that the World Bank estimates will be worth $610 billion in 2016 — the company has added another $45 million to its coffers. This latest round, a debt round… Read More
WorldRemit Gets $45M At A $500M Valuation To Grow Its Mobile Money Transfer Business