Earnings Technology

Twitter Inc (NYSE:TWTR) adds 9 million monthly users in the first quarter, shares up

Twitter Inc (NYSE:TWTR) shares jumped nearly 8 percent on Wednesday after the company announced its financial results for the first quarter that beat consensus forecast. The better-than-expected performance was mainly driven by new features and increased users’ interest in political news. The microblogging service said its subscriber growth surged 6 percent to 328 million, as …

Continue Reading
Technology

Netflix Inc. (NASDAQ:NFLX) shares flying high in the after-hour trading following strong subscriber growth in the third quarter

Netflix Inc. (NASDAQ:NFLX) announced strong subscriber growth in the third quarter as original shows lured new international viewers and helped the company to retain its U.S. customers in spite of a price increase. The company added roughly 3.20 million subscribers globally in the latest quarter, well above 2.01 million estimated by analysts. In the U.S, …

Continue Reading
Technology

Verizon Communications Inc. (NYSE:VZ) might walk away from a $4.83 billion deal with Yahoo! Inc. (NASDAQ:YHOO)

Verizon Communications Inc. (NYSE:VZ) might back out from a $4.83 billion deal to acquire Yahoo! Inc. (NASDAQ:YHOO)’s core internet business. Verizon recently said that Yahoo’s huge data breach of email accounts signifies a material impact, which could enable Verizon to withdraw from the agreement. Speaking to reporters in Washington, the company’s general counsel Craig Silliman …

Continue Reading
Technology

Apple Inc. shares up after Samsung halts Note 7 production

Apple Inc. (NASDAQ:AAPL) shares jumped 1.74 percent on Monday following the news that rival Samsung Electronics has postponed the production of its Galaxy Note 7 devices amid reports of fires in replaced handsets. Samsung is going through the biggest crisis in its history and the latest fire incidents suggest that the South Korean tech giant …

Continue Reading