Google Inc (NASDAQ:GOOG) has reported increase in revenues, GAAP operating income, and GAAP net income for the 2Q2015, under new CFO Ruth Porat.
Google reported revenues of $17.72 billion and revenue growth of 11% year over year and on a constant currency basis, revenue growth of 18% year over year. Net of Traffic Acquisition Costs (TAC) of $3.37 billion, Google’s revenues were $14.35 billion. Read more […]
The 2Q2015 results of eBay Inc (NASDAQ:EBAY) showed slowing growth even as it beat estimates. This is the final time eBay’s earnings results include PayPal as they’ll start trading as two separate companies from Monday.
PayPal (Payments Business Unit)’s revenue increased 16% to reach $2.26 billion while Net Total Payments Volume reached almost $66 billion, an increase of 20% from 2Q2014 but Marketplaces Read more […]
Netflix, Inc. (NASDAQ:NFLX) added 3.28 million paying subscribers net with international subscribers making up more than twice the number of domestic subscribers. Netflix’s future growth substantially depends on international growth.
Netflix’s next target markets are Japan, Portugal, Italy and Spain and it continues to study China and look for a partner there even as Crouching Tiger And Hidden Read more […]
Carl Icahn took to Twitter this morning to announce that his company had sold the remainder of its stocks in Netflix.
The billionaire activist investor believes Apple now offers the same opportunity that Netflix offered “several years ago.”
Mr. Icahn’s Icahn Enterprises owned about 1.4 million Netflix shares according to Securities Read more […]
As Apple Inc. (NASDAQ:AAPL)’s Worldwide Developers Conference gets underway today, the Apple stock has held remarkably steady over the past three months.
It’s only when you look at the year-to-date (YTD) movements, you see that the stock has risen by more than 13.00% , compared to the S&P 500 index which gained only about 1.41% and the Dow Jones Index which has held steady more or less on Read more […]
Yahoo! Inc. (NASDAQ:YHOO) investors have been premature in reacting to news that the Internal Revenue Service (IRS) is considering changes to rules concerning spinoffs.
In a statement, a Yahoo spokeswoman said it understood that any potential change to the rules would not affect ruling requests that had already been filed.
Yahoo plans to create a new company out of its $33 billion stake in the Read more […]