Fulbright s UA statue to stay, put in context arkansasonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arkansasonline.com Daily Mail and Mail on Sunday newspapers.
Apple crushes earnings expectations as iPhone sales soar 50%
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Apple Inc. delivered third-quarter financial results that crushed Wall Street’s expectations today, with iPhone sales up almost 50% compared to the year prior, but its stock fell in extended trading as it warned growth would likely slow in the next quarter.
The company reported a profit before certain costs such as stock compensation of $1.30 per share on revenue of $81.4 billion, up by an impressive 36% from a year ago. That surpassed expectations by some distance, with analysts forecasting a profit of just $1.01 per share on sales of $73.33 billion.
Apple Chief Financial Officer Luca Maestri hailed a “record operating performance” for the company, setting new revenue records in each of its geographic segments and double-digit growth in every product category.
Microsoft blows past earnings estimates on continuing strong cloud growth
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Microsoft Corp. continued its recent record of smashing earnings expectations with fiscal fourth-quarter results that handily beat analyst estimates on growth in its cloud business that has accelerated since last quarter.
The company reported sales of $46.2 billion today, up 21% from the same period last year. Profit surged 47%, to $2.17 a share, well ahead of analysts’ estimates of $1.90.
After initially declining about 2% when results were announced, Microsoft shares rallied and were up about 1.5% after-hours. The stock is up nearly 30% for the year, compared with about a 20% gain in the S&P 500.
Google Cloud Seeks To Cure Retailers Search Woes, Help Compete With Amazon ecommercetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ecommercetimes.com Daily Mail and Mail on Sunday newspapers.
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Iconic computer chipmaker Intel Corp. is reimagining how it brands its future semiconductor innovations. The company has just announced one of its most ambitious roadmaps ever, unveiling new chip and packaging technologies that it says will help it to reclaim its leadership of the processor space by 2025.
Intel Chief Executive Pat Gelsinger (pictured) said at the company’s Intel Accelerated event today that its future products will no longer use the old nanometer-based naming convention for its new innovations. Rather, it’s moving to a new nomenclature that Gelsinger said would provide “a more accurate view of process nodes across the industry”.