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Uber’s losses top $1 billion, trumping better than expected revenues

Uber’s losses top billion, trumping better than expected revenues Better than expected revenues couldn’t divert investor attention from the fact that Uber still managed to lose more than $1 billion in the most recent quarter as the company’s stock fell in after-hours trading. There are bright spots in the latest earnings report, […]

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Facebook shares rise on strong Q3, users up 2% to 2.45B

Facebook shares rise on strong Q3, users up 2% to 2.45B Despite ongoing public relations crises, Facebook kept growing in Q3 2019, demonstrating that media backlash does not necessarily equate to poor business performance. Facebook reached 2.45 billion monthly users, up 1.65 percent from 2.41 billion in Q2 2019 when it grew […]

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After its first earnings miss in two years, Amazon shares get walloped in after-hours trading

After its first earnings miss in two years, Amazon shares get walloped in after-hours trading Amazon shares fell by nearly 7%, or $118.38, in after-hours trading on Thursday after the company reported its first earnings miss in two years. Financial analysts had predicted that the launch of one-day shipping would eat into […]

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Daily Crunch: Twitter revenue disappoints

Daily Crunch: Twitter revenue disappoints The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Twitter Q3 misses big on revenues of $824M and EPS of $0.05 on […]

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Microsoft reports a strong fiscal first quarter, but Azure’s growth rate continues to decline

Microsoft reports a strong fiscal first quarter, but Azure’s growth rate continues to decline Microsoft posted quarterly results today that were well ahead of analysts’ expectations, but Azure’s growth rate continues to decline as it competes with AWS. The company’s revenue for the first quarter of the fiscal year rose 14% year-over-year […]

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PayPal reports solid third-quarter results, with total payment volume growing 25%

PayPal reports solid third-quarter results, with total payment volume growing 25% PayPal reported third-quarter results today that were slightly ahead of analysts’ expectations, driven by an increase in total payment volume. The company’s quarterly revenue grew 19% year-over-year to $4.38 billion. Its GAAP net income was 39 cents per share, or $462 […]

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Elon Musk predicts Tesla energy could be ‘bigger’ than its EV business

Elon Musk predicts Tesla energy could be ‘bigger’ than its EV business Tesla CEO Elon Musk forecast that the company’s energy business will eventually be the same size as— or even bigger than — its automotive sector, the latest sign that the company plans to put more time and resources to scaling […]

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Netflix Q3 earnings exceed estimates, despite disappointing US subscriber growth

Netflix Q3 earnings exceed estimates, despite disappointing US subscriber growth Netflix’s Q3 financial report has given the company’s stock a boost in after-hours trading, with profits significantly exceeding analyst expectations. The streaming giant reported revenue of $5.24 billion revenue, up 31% year-over-year and more-or-less in line with predictions of $5.25 billion. More […]

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Baidu beats estimates on strong video streaming growth

Baidu beats estimates on strong video streaming growth Chinese search giant Baidu on Monday posted a revenue of 26.33 billion yuan ($3.73 billion) for the quarter that ended in June, beating analysts’ estimates of 25.77 billion yuan ($3.65 billion) as its video streaming service iQiyi<span style=”font-weight: 400;”> continues to see strong growth. The […]

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Uber lost more than $5B last quarter

Uber lost more than B last quarter Uber has disclosed earnings for the second time since becoming a public company, reporting revenues of $3.16 billion on losses of $5.2 billion for the second quarter of 2019. Uber (NYSE: UBER) closed up more than 9% Thursday at $42.98 per share, just below its […]

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