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Google grows revenues 18% in Q4

2016-02-02 08:23:00| Telecompaper Headlines

(Telecompaper) Google has for the first time disclosed how much it earns from its main advertising and information business and how much it loses on "other bets". Its parent company Alphabet reported that "other bets" cost the company an operating loss of USD 3.567 billion last year and contributed revenues of only USD 448 million. The main Google business recorded an operating profit of USD 23.425 billion on revenues of USD 74.451 billion. In the fourth quarter, the total group posted revenues up 18 percent year-on-year to USD 21.329 billion. Net profit rose to USD 4.923 billion or USD 7.06 per share from USD 4.675 billion or USD 6.79 per share in Q4 2014. 

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Two Bright Spots for Exxon Stock After Q4 Earnings

2016-02-01 22:56:18| IT Services - Topix.net

Shares of our "Liquid Biopsy" play TrovaGene Inc. rocketed as much as 23% today after the tiny biotech announced its second major deal in the last two weeks. The highly anticipated Exxon Mobil Corp. earnings report comes out tomorrow .

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Amazon.com sales jump 22% to USD 36 bln in Q4

2016-01-29 08:02:00| Telecompaper Headlines

(Telecompaper) Amazon.com saw its net sales for its fourth quarter to 31 December increase 22 percent year-on-year to USD 35.7 billion. Net income more than doubled to USD 482 million in the fourth quarter, or USD 1.00 per diluted share, compared with net income of USD 214 million, or USD 0.45 per diluted share, in fourth quarter 2014. The company expects net sales in Q1 2016 to be between USD 26.5 billion and USD 29.0 billion, or to grow between 17 percent and 28 percent compared with first quarter 2015.

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Alibaba mobile sales soar 192% in strong Q4

2016-01-28 13:41:00| Telecompaper Headlines

(Telecompaper) Alibaba Group said its strong fourth-quarter results were boosted by increasing user monetization, particularly on mobile devices, and the continued rapid growth of its China commerce retail business. Revenues rose 32 percent year-on-year to CNY 34.54 billion (USD 5.33 billion). The adjusted EBITDA was up 27 percent to CNY 19.11 billion. Net profit more than doubled to CNY 12.49 billion from 5.98 billion a year ago.

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Facebook revenue jumps 52% in Q4

2016-01-27 22:48:00| Telecompaper Headlines

(Telecompaper) Facebook reported fourth-quarter revenues up 52 percent year-on-year to USD 5.84 billion, led by continued strong growth in mobile advertising. Mobile accounted for 80 percent of ad revenue in the quarter, up from 69 percent a year earlier. The company generated a net profit of USD 2.27 billion or USD 0.79 per share, up from USD 1.52 billion or USD 0.54 per share a year earlier. After free cash flow of USD 2.14 billion in the quarter, Facebook ended 2015 with USD 18.43 billion in total cash. 

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