amazon

Amazon expected to post loss as growth spurt continues

It’s a big day for Amazon, with the release of its Fire phone marking the company’s entry into the smartphone market, the latest symbol of its expansive ambitions in the technology world. This afternoon, investors will get a new glimpse of the company’s financial picture — demonstrating, once again, Amazon’s ability to run on very small… Read More

Apple's University Village store. (Credit: Apple)

Apple posts mixed quarterly financial report with $37.4B in revenue, EPS of $1.28

Apple announced today that it made $37.43 billion in revenue during its fiscal third quarter, up more than 6 percent year-over-year. That’s on the high end of Apple’s guidance from earlier this year, but missed high analyst expectations of $38 billion in quarterly revenue. The company also beat expectations with earnings of $1.28 per share, up… Read More

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Google reports quarterly revenue of $16 billion, misses on earnings again as top business exec departs

Google announced today that it brought in $15.96 billion in revenue for the second quarter of 2014, an increase of 22 percent from the same period a year ago. That beats expectations of $15.61 billion in quarterly revenue from analysts surveyed by Thomson Reuters. The Mountain View-based tech giant also reported earnings of $6.08 a… Read More

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Zulily’s stock recovers as insiders are allowed to unload shares for first time

Wall Street punished Zulily last week after the daily deals site said it was prioritizing growth over profits. But today the company’s stock recovered a bit after its lock-up period expired. Shares were up nearly $3 to $35 a share, or 9.3 percent during regular trading hours today, and in after hours, shares remained stable. Typically, stock prices fall when insiders are allowed to… Read More

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Zulily cranks up marketing machine to draw in customers for non-kid categories

Wall Street didn’t like that Zulily reported a wider loss than expected, so they probably won’t like hearing this: The Seattle retailer plans to increase its marketing spend beyond what it originally budgeted in 2014. Zulily’s CEO Darrell Cavens and CFO Marc Stolzman made the case during the company’s conference call yesterday as to why this was… Read More

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Zulily’s shares crash as first quarter revenues jump 87 percent

Zulily exceeded the high-end of its estimates, reporting this afternoon that sales in the first quarter totaled $237.9 million, an increase of 87 percent. It also raised full-year revenue guidance slightly, expecting revenues to now fall between $1.15 billion and $1.2 billion. Still, investors reacted negatively to the results, pushing the stock lower after the numbers came… Read More

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Outerwall profits up as Redbox sees 200M rentals in Q1

Bellevue-based Outerwall today posted its first quarter earnings and saw revenues increase by 4.7 percent to $600 million. Outerwall, the parent company to the Redbox, Coinstar, and ecoATM device recycling kiosks, also reported profits of $23.2 million, up 2.5 percent from Q1 2013. The Redbox business, which allows people to rent DVDs from kiosks, brought in $515.7 million last… Read More

bluenile

Blue Nile misses quarterly revenue projections, profits in line as stock falls

Blue Nile, the Seattle-based online retailer that specializes in selling luxury goods, announced today that it brought in $103.7 million in sales during the first quarter of 2014, up almost 7 percent from $97.1 million in the year-ago quarter. That missed analyst revenue expectations of $105.44 million for the quarter. The company reported earnings of 8… Read More

Concur

Concur beats expectations with revenue of $169M, sees strong traction as shares jump

Concur, whose software helps businesses better track travel and entertainment expenses, reported strong earnings today that beat Wall Street analysts estimates. The Bellevue company reported revenue of $169.5 million for the period ended March 31, and earnings per share of 15 cents. Analysts anticipated revenue of $165.6 million, and nine cents per share. Shares of… Read More

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Amazon reports $19.7B in quarterly revenue, earnings in line with expectations at 23 cents a share

Amazon reported today that it made $19.74 billion in revenue during the first quarter of 2014, up nearly 23 percent from almost $16.1 billion in the year-ago quarter. That beat expectations from financial analysts surveyed by Thomson Reuters of more than $19.4 billion in quarterly revenue. The company met analyst expectations with earnings of 23 cents per share, up more… Read More

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Zynga beats Q1 expectations with $168 million in revenue, driven by mobile improvements

For the first time, Zynga said more people are playing its games on phones than they are computers, indicating that the social-gaming leader has started to make progress on becoming a mobile-first company. In the first quarter, the San Francisco company lost $61.2 million, or 7 cents a share, on revenues of $168 million to beat analyst expectations of $148… Read More

Apple's University Village store. (Credit: Apple)

Apple smashes estimates with revenue of $45.6 billion, earnings of $11.62 per share

Apple reported today that it brought in $45.6 billion in revenue during the second quarter of its fiscal year, up more than 4.5 percent year-over-year. That beat analyst expectations of $43.6 billion in quarterly revenue, which is a positive sign for the company. The company beat expectations with earnings of $11.62 per share, up more than 15… Read More

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Zynga shuffles the decks: Xbox’s Alex Garden named president of studios; Pincus steps down from product role

As part of the game company’s first-quarter earnings, Zynga has made a number of executive-level changes, hinting that it needs to do even more before it can complete a full turnaround. Starting at the very top, Founder Mark Pincus will no longer serve in an operational role, and will step down as chief product officer. He… Read More

Apple's University Village store. (Credit: Apple)

Analysts project flat March quarter financials from Apple

Apple is going to announce its quarterly earnings tomorrow, and investors are skeptically watching the company to see what’s new. Last quarter, Apple’s stock fell following its earnings release after the company announced guidance for this quarter that showed a year-over-year revenue decline, in part because of some changes in accounting practices. But while the drop… Read More