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Zynga reports record revenue and strong user growth while still losing $122M

Zynga reports record revenue and strong user growth while still losing 2M Zynga’s revenue grew to a record $503 million (up 46% year-over-year) in the third quarter, with bookings of $628 million (up 59%), according to its latest earnings report. It also had its best mobile daily active user (31 million) and monthly active user […]

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Apple, Microsoft and other tech stocks roar as the Presidential election narrows to several states

Apple, Microsoft and other tech stocks roar as the Presidential election narrows to several states On the back of sizable gains posted yesterday, tech stocks are once again rising sharply in pre-market trading today. Futures concerning the tech-heavy Nasdaq Composite index are indicating a 3.4% gain this morning, far above a 1.7% gain that the […]

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Tech stocks rip higher on Election Day

Tech stocks rip higher on Election Day Tech stocks shot higher as American voters went to the polls, the gains coming far ahead of results that could indicate who will win the presidency. American stocks broadly rose, with the S&P 500 index rising just over 2% while the tech-heavy Nasdaq Composite is up just under […]

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PayPal’s earnings don’t excite Wall Street, but bring good news for consumer fintech

PayPal’s earnings don’t excite Wall Street, but bring good news for consumer fintech PayPal’s stock is down in after-hours trading after reporting third-quarter earnings that beat expectations. It’s not immediately clear why PayPal is losing ground, although it could stem from retail investor having higher expectations than what analysts estimated for the high-flying company. Despite […]

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Q3 earnings find Apple and Google looking to the future for hardware rebounds

Q3 earnings find Apple and Google looking to the future for hardware rebounds “5G is a once-in-a-decade kind of opportunity,” Tim Cook told the media during the Q&A portion of Apple’s Q3 earnings call. “And we could not be more excited to hit the market exactly when we did.” The truth of the matter is […]

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Strong ad revenues boost Facebook past expectations as company cites ecommerce boom as tailwind

Strong ad revenues boost Facebook past expectations as company cites ecommerce boom as tailwind Facebook reported its Q3 earnings today, including revenues of $21.5 billion, net income of $7.8 billion. The company earned $2.71 in per-share profit during the three month period. Analysts had expected Facebook, the social giant, to earn a much-smaller $1.91 per-share […]

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Spotify CEO says company will ‘further expand price increases’

Spotify CEO says company will ‘further expand price increases’ Spotify is planning further price increases, according to comments made by co-founder and CEO Daniel Ek during the company’s third quarter earnings on Thursday. The streaming service had added 6 million subscribers in Q3 to achieve a total 144 million paying customers across 320 million active […]

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Microsoft stock flat despite better-than-expected earnings, strong Azure growth

Microsoft stock flat despite better-than-expected earnings, strong Azure growth Today after the bell, Microsoft reported its calendar Q3 2020 earnings, the period of that time corresponds to its Q1 fiscal 2021 period. In the three months ending September 30, Microsoft had revenues of $37.2 billion and per-share profit of $1.82. Analysts had anticipated the company […]

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Huawei reports slowing growth as its operations “face significant challenges”

Huawei reports slowing growth as its operations “face significant challenges” Huawei announced earnings results today showing that its growth has slowed significantly this year as the Chinese telecom equipment and smartphone giant said its “production and operations face significant challenges.” While Huawei did not specify trade restrictions in its brief announcement, the company has been […]

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Here’s why Intel’s stock just dropped 10% after reporting earnings

Here’s why Intel’s stock just dropped 10% after reporting earnings The third-quarter earnings cycle is just getting underway, but we’ve already seen a few companies post numbers that investors did not like. Netflix missed on several metrics yesterday and was punished, and today Intel is joining the video streaming giant in stock-market purgatory. Intel shares […]

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