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Read More »Microsoft reports record revenue to end record fiscal year
Microsoft Corp. wrapped up a record year on Wednesday by announcing record quarterly earnings, but stocks still dipped from near-record highs in post-close trading. Microsoft MSFT, + 1.43% reported fourth-quarter tax earnings of $ 11.2 billion, or $ 1.46 a share, on revenue of $ 38 billion on Wednesday, after …
Read More »Snap ‘is performing better than its social media peers’ as it moves into the second half of 2020
After Snap Inc. shares initially sank in the news of its second-quarter results on Tuesday, they recovered quickly once analysts read the fine print and dug deep into the numbers. Quarterly losses increased, but so did daily active users and revenue, with strong indications that the current quarter is shaping …
Read More »Analyst says IBM stock earnings after earnings exceed, but “really important things” could be better
Shares of International Business Machines Corp. rose on Tuesday after the company beat expectations for the June quarter, but analysts did not give the company too much credit for clearing a low level. Mused Moffett, Nathanson analyst, Lisa Ellis: “We are still working to achieve the correct semantics: when companies …
Read More »IBM shares rise as earnings exceed expectations, but sales decline once again
Shares of International Business Machines Corp. gained Monday night, after the tech giant reported another decline in revenue, but produced more profits and sales than Wall Street expected amid the COVID pandemic- 19. IBM IBM, + 1.00% reported second-quarter net income of $ 1.36 billion, or $ 1.52 per share, …
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