That and more tonight on nightly Business Report for tuesday, july 16th. Good evening everybody. Im bill griffin in for Tyler Mathisen with susie gharib. There may not be a lot of celebrating at yahoo this evening. Its the one anniversary of Marissa Mayer taking over the top job and aft close, the Company Posted a beat on Second Quarter earnings, however, they did miss on revenues and the big concern turned out to be the warning for the Third Quarter. There is more from the nasdaq tonight, sema. Reporter yahoos Second Quarter revenue is short of expectations at 1. 07 billion and thats primarily due to a drop in its display advertising revenue. Yahoos earning at 35 cents a share beat street expectations by 5 cents. The Third Quarter outlook disappointed the street when we saw shares move to the downside. Pvc partners saying yahoo is facing challenges. A couple points made on the Conference Call on the tumbler acquisition, yahoo says the acquisition is expected to grow yahoos audience to
Welcome everyone. It is the heart of earning season and we heard from two of the biggest names in technology. That would be google and microsoft. Seema modi is here to break down numbers. Let start with google. Lets start with microsoft, tyler. Great. Reported a huge miss on the bottom line with Fourth Quarter earnings with 66 cents a share. Analysts estimate of 75 cents. Revenues came in weak. Microsoft has been hurt by on going weakness in the pc market and the on going consumer shift to tablets. Amy hood says while the Fourth Quarter results were impacted by the decline in the pc market, we continue to see Strong Demand for the enterprise and cloud offerings. One bright spot, microsofts entertainment and device business, which includes xbox game console, that business saw a 7. 5 jump in sales. Shares of microsoft while down after hours still up about 30 year to date. Now tyler, on to that tech giant google, which reported a huge miss posting a quarterly profit of 3. 2 million up fro
Thursday, july 18th. Welcome everyone. It is the heart of earning season and we heard from two of the biggest names in technology. That would be google and microsoft. Seema modi is here to break down numbers. Let start with google. Lets start with microsoft, tyler. Great. Reported a huge miss on the bottom line with Fourth Quarter earnings with 66 cents a share. Analysts estimate of 75 cents. Revenues came in weak. Microsoft has been hurt by on going weakness in the pc market and the on going consumer shift to tablets. Amy hood says while the Fourth Quarter results were impacted by the decline in the pc market, we continue to see Strong Demand for the enterprise and cloud offerings. One bright spot, microsofts entertainment and device business, which includes xbox game console, that business saw a 7. 5 jump in sales. Shares of microsoft while down after hours still up about 30 year to date. Now tyler, on to that tech giant google, which reported a huge miss posting a quarterly profit o
Shareholder vote was delayed. What happens next . We have that and more tonight on nightly Business Report for thursday, july 18th. Welcome everyone. It is the heart of earning season and we heard from two of the biggest names in technology. That would be google and microsoft. Seema modi is here to break down numbers. Let start with google. Lets start with microsoft, tyler. Great. Reported a huge miss on the bottom line with Fourth Quarter earnings with 66 cents a share. Analysts estimate of 75 cents. Revenues came in weak. Microsoft has been hurt by on going weakness in the pc market and the on going consumer shift to tablets. Amy hood says while the Fourth Quarter results were impacted by the decline in the pc market, we continue to see Strong Demand for the enterprise and cloud offerings. One bright spot, microsofts entertainment and device business, which includes xbox game console, that business saw a 7. 5 jump in sales. Shares of microsoft while down after hours still up about 30
And wins and loses as the worst heat wave of the summer grips the northeast. That and more tonight on nightly Business Report for tuesday, july 16th. Good evening everybody. Im bill griffin in for Tyler Mathisen with susie gharib. There may not be a lot of celebrating at yahoo this evening. Its the one anniversary of Marissa Mayer taking over the top job and aft close, the Company Posted a beat on Second Quarter earnings, however, they did miss on revenues and the big concern turned out to be the warning for the Third Quarter. There is more from the nasdaq tonight, sema. Reporter yahoos Second Quarter revenue is short of expectations at 1. 07 billion and thats primarily due to a drop in its display advertising revenue. Yahoos earning at 35 cents a share beat street expectations by 5 cents. The Third Quarter outlook disappointed the street when we saw shares move to the downside. Pvc partners saying yahoo is facing challenges. A couple points made on the Conference Call on the tumbler a