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facebook earnings: what to watch


facebook inc. is scheduled to announce its fourth-quarter earnings after the market closes wednesday. here is what you need to know: earnings forecast: facebook is expected to report earnings per share, excluding certain expenses, of $1.31, according to thomson reuters data, compared with 79 cents a year earlier. revenue forecast:...






apple earnings: what to watch


apple inc. is scheduled to report results for its fiscal first quarter after the market closes on tuesday. here’s what you need to know: earnings forecast: earnings of $3.22 a share is the consensus of analysts surveyed by thomson reuters, compared with $3.30 a share a year ago. the company hasn’t provided earnings guidance for the quarter but in october said it expects gross margin to be between 38% and 38.5% in the quarter....






amazon earnings: what to watch


amazon.com inc. is scheduled to announce its fourth-quarter earnings after the market closes on thursday. here’s what you need to know: earnings forecast: analysts polled by thomson reuters expect amazon to earn $1.35 per share, compared with unadjusted results of $1 per share a year ago. full-year earnings are expected to be $4.76, compared with unadjusted earnings of $1.25 per share a year ago. the company forecast operating...






microsoft earnings stronger than expected in second quarter


cloud computing services continue to be a major contributor to microsoft's booming revenue growth as the company reports its earnings for the second quarter of fiscal year 2017 ending dec. 31, 2016. beating wall street expectations, the redmond, wash., technology giant reported $26.1 billion in revenue (non-gaap). financial analysts had expected microsoft to book sales of $25.3 billion during the quarter. net income was $6.5 billion and the company posted earnings per share of 83 cents, well ahead of the 79 cents predicted by analysts. "our customers are seeing greater value and opportunity as we partner with them through their digital transformation," said ya nadella, ceo at microsoft, in a statement. "accelerating a ncements in ai across our platforms and services will provide further o






palo alto q3 outlook disappoints amid execution issues


palo alto networks' third quarter outlook missed expectations and the company said it saw "some execution challenges" that hurt the second quarter results.the security company reported a second quarter net loss of $60.6 million, or 67 cents a share, on revenue of $422.6 million, up 26 percent from a year ago. non-gaap earnings were 63 cents a share in the second quarter.wall street was looking for non-gaap second quarter earnings of 63 cents a share on revenue of $429.7 million. ceo mark mclaughlin said in a statement that "we were disappointed that we came in below top-line expectations due to some execution challenges, which we are moving quickly to address."as for the outlook, palo alto networks said it expected non-gaap earnings for the third quarter to be 54 cents a share to 56 cents






wal-mart earnings fall, but online sales surge


bentonville, ark. — wal-mart says fourth-quarter earnings fell nearly 18 percent, hurt by its investments in e-commerce and stores.but the world's largest retailer saw its u.s. business accelerate during the period that covers the holiday shopping season.the bentonville, arkansas-based company said tuesday it earned $3.76 billion, or $1.22 per share in the three months ended jan. 31. that compares with $4.57 billion, or $1.43 per share, a year ago.excluding certain items, earnings per share were $1.30. sales excluding memberships fee rose 0.8 percent to $129.75 billion.analysts had expected $1.28 per share on revenue of $131.13 billion, according to factset. wal-mart says a key revenue metric rose 1.8 percent at its u.s. namesake business. e-commerce sales surged 29 percent.wal-mart has be






microsoft q2 strong, says commercial cloud tops $14 billion annual run rate


more tech earningsmicrosoft reported strong second quarter results, as the company said its commercial cloud annual run rate tops $14 billion.commercial cloud run rate is calculated by taking revenue from the last month of the quarter for office 365 commercial, azure, dynamics 365, and other cloud properties and multiplying it by 12. the company's various business units are intersecting with the cloud. for instance, microsoft said that four out of five new dynamics enterprise customers went with the cloud-based dynamics 365. microsoft has also broadened its reach as the company noted that 65 million monthly active devices are using office on ios and android, double the amount last year. in addition, surface revenue was $1.32 billion in the second quarter, down from $1.35 billion a year ago






tesla earnings: what to watch


tesla inc.’s fourth-quarter financial results are expected to be released after the market closes on wednesday. here’s what you need to know:this will be the first time tesla reports earnings since acquiringsolarcity corp. in mid-november. the auto maker has done little to guide the market for how to expect results, leading some analysts to exclude the solar panel business from their estimates until greater clarity is provided. as...






activision blizzard earnings: what to watch


activision blizzard inc. reports fourth-quarter earnings after markets close on thursday. the company’s stock is down 6% since it released the latest installment of its hit series “call of duty” on nov. 4, ahead of the videogame industry’s busy holiday season. here are the key points to watch: earnings forecast: activision blizzard is expected to report adjusted profit of 73 cents a share, according to analysts surveyed by thomson reuters, compared with 83 cents a year ago. those results exclude certain items wall...






facebook earnings enjoy a nearly $1 billion tax windfall from accounting change


facebook inc.’s 2016 earnings got a boost of more than $900 million from an accounting change—and the same change could help lift earnings at other technology companies.facebook said wednesday after the market closed that its full-year earnings reflected a $934 million reduction in its income-tax provision, including $214 million in the fourth quarter, from a new rule affecting the accounting for stock payments to employees. the...






pepsico's revenue climbs as it sells more drinks, snacks


purchase, n.y. — pepsico reported a better-than-expected profit for the fourth-quarter as soda and snack sales increased and the company cut costs.the maker of frito-lay chips, mountain dew soda and tropicana orange juice said wednesday that its sales volume rose 3 percent globally for snacks and 1 percent for its beverages. pepsico, coca-cola and other big packaged food makers are trying to adapt and keep up with changing eating habits.pepsico inc., based in purchase, n.y., has said that it is working on reducing the amount of sugar it uses for drinks globally.for the quarter ended dec. 31, the company earned $1.4 billion, or 97 cents per share. earnings, adjusted for non-recurring costs and restructuring costs, came to $1.20 per share, topping the $1.16 per share analysts expected, accor






target rattles wall street with weak quarter, outlook


target corp. on tuesday reported fiscal fourth-quarter net income of $817 million.the minneapolis-based company said it had profit of $1.45 per share.the results fell short of wall street expectations. the average estimate of 10 analysts surveyed by zacks investment research was for earnings of $1.50 per share.the retailer posted revenue of $20.69 billion in the period, which also fell short of street forecasts. five analysts surveyed by zacks expected $20.75 billion.target expects full-year earnings to be $3.80 to $4 per share.






gap raises fourth-quarter earnings outlook on better sales


new york — gap inc. is raising its earnings outlook after delivering a solid sales performance during the critical holiday shopping period.the san francisco, california-based company said fourth-quarter revenue at stores opened at least a year rose 2 percent.by division, gap's namesake stores saw the key measure unchanged, while old navy enjoyed a 5 percent gain. banana republic posted a 3 percent decline.the clothing chain has been trying to recover from a long-running malaise.gap said it now expects earnings for the fourth-quarter to be 50 cents to 51 cents per share on an adjusted base. analysts surveyed by factset had been expecting 44 cents per share.gap's stock rose more than 3 percent in after-market trading.






markets right now: us stocks open higher


new york — the latest on developments in financial markets (all times local):9:35 a.m.stocks are opening higher in wall street, led by gains in industrial and technology companies.company earnings were a big focus for investors in early tuesday, and several stocks were making big moves after reporting their results and forecasts.health insurer centene jumped 5 percent after reporting a much stronger quarter than analysts had expected. national oilwell varco was up 6 percent after reporting a smaller loss than forecast.michael kors took a revenue hit in its latest quarter and dropped 14 percent.the standard & poor's 500 index rose 5 points, or 0.2 percent, to 2,297.the dow jones industrial average gained 76 points, or 0.4 percent, to 20,130. the nasdaq composite rose 12 points, or 0.2 p






c.h. robinson reports better-than-expect results in q4


c.h. robinson reported better-than-expected fourth-quarter results in what the company called a challenging transportation market.for the last several quarters the company has been contractually committed to lower pricing, officials said. while the volume of shipping has gone up, the margin per shipment has gone down.the eden prairie-based logistics company, which reported results after the market closed tuesday, said revenue for the fourth quarter rose 6.4 percent to $3.4 billion thanks to volume growth across all of its services.according to thomson reuters, analysts expected the company to report total revenue of $3.3 billion.for the year, total revenue decreased 2.5 percent to $13.1 billion, but above analysts' consensus estimate of $13 billion. the company's net revenue for the year r






donaldson cautiously optimistic after beating q2 expectations


donaldson co. inc. topped wall street estimates in the second quarter and bumped up its guidance for the remainder of its fiscal year.the bloomington-based maker of industrial filters earned 35 cents per share, up 25 percent from 28 cents per share reported in the second quarter last year. that beat the analysts’ consensus estimate by 3 cents per share.“we are pleased with our year-to-date results, which reflect strong execution of our strategic priorities complemented by further stabilization in overall market conditions,” said tod carpenter, donaldson’s president and chief executive, in the company’s earnings release.for the second quarter ended jan. 31 the company had sales of $550.6 million and net earnings of $46.5 million, up 6.4 percent and 22.6 percent respectively over the same qu






donaldson cautiously optimistic after beating 2q expectations


donaldson co. inc. topped wall street estimates in the second quarter and bumped up its guidance for the remainder of its fiscal year.the bloomington-based maker of industrial filters earned 35 cents per share, up 25 percent from 28 cents per share reported in the second quarter last year. that beat the analysts' consensus estimate by 3 cents per share."we are pleased with our year-to-date results, which reflect strong execution of our strategic priorities complemented by further stabilization in overall market conditions," said tod carpenter, donaldson's president and chief executive, in the company's earnings release.for the second quarter ended jan. 31 the company had sales of $550.6 million and net earnings of $46.5 million, up 6.4 percent and 22.6 percent respectively over the same qu






anheuser-busch inbev ceo loses bonus as earnings trail estimates – the denver po


anheuser busch logoanheuser-busch inbev nv chief executive officer carlos brito will miss out on a bonus for the first time since 2008 after earnings at the budweiser maker missed analysts’ estimates for a seventh straight quarter.chief financial officer felipe dutra will also get nothing from the bonus pool, the leuven, belgium-based company said thursday as it announced an increase to its cost-saving target that left some analysts disappointed. the stock fell as much as 3.3 percent in brussels.fourth-quarter results missed estimates at almost all levels as the brewer continues to struggle with a slump in its key market of brazil. the figures provide a reminder of why it paid $103 billion for main rival sabmiller. ab inbev on thursday raised its target for savings from the acquisition by






aetna tops 4q forecasts, starts low with 2017 forecast


aetna trumped analyst earnings expectations for the final quarter of 2016, but the health insurer's 2017 forecast starts off well below wall street projections.the nation's third largest insurer said tuesday that it expects adjusted earnings of at least $8.55 for the new year.analysts forecast, on average, earnings of $8.78 per share, according to factset.in the fourth quarter, aetna earnings sank 57 percent to $139 million, the drop attributed largely to restructuring costs that included $215 million for a voluntary early retirement program.earnings, adjusted for one-time gains and costs, totaled $1.63 in the quarter, and the insurer's total revenue climbed 4.5 percent to $15.73 billion.analysts expected earnings of $1.45 per share on $15.87 billion in revenue, according to zacks investme






pepsico beats 4q profit forecasts


purchase, n.y. — pepsico inc. (pep) on wednesday reported fourth-quarter profit of $1.4 billion.on a per-share basis, the purchase, new york-based company said it had profit of 97 cents. earnings, adjusted for non-recurring costs and restructuring costs, came to $1.20 per share.the results beat wall street expectations. the average estimate of seven analysts surveyed by zacks investment research was for earnings of $1.16 per share.the food and beverage company posted revenue of $19.52 billion in the period, missing street forecasts. three analysts surveyed by zacks expected $19.6 billion.pepsico expects full-year earnings to be $5.09 per share._____this story was generated by automated insights (http://automatedinsights.com/ap) using data from zacks investment research. access a zacks stoc






molson coors posts first earnings with full ownership of millercoors – the denve


new york — profits at molson coors brewing surged during the fourth quarter, though not as much as industry analysts had expected and sales of coors lite, its top beer, slipped.while worldwide beer volume rose 1.2 percent, volume for coors light fell 1.9 percent.it is the first quarter in which the denver-based brewer reported results that reflect its complete ownership of millercoors and its stable of brands, including coors light, miller lite and blue moon.there were a lot of one-time costs and charges that, if included, show a $608.1 million loss in the quarter. the largest charge was an impairment charge for the molson brands in canada.“the completion of the millercoors transaction represents a step forward in the size and strength of our business, and this will drive some significant






apple shares up 3% after company beats earnings expectations


apple’s latest quarter surp ed earnings expectations, sending the stock up about 3% in initial after-hours trading.its fiscal first quarter of 2017 saw record earnings of $3.36 per share, well above the $3.21 forecast by wall street. revenue also beat, coming in at $78.4 billion, versus the $77.3 analysts were predicting.investors were pleased that the company sold 78.3 million iphones, compared to the 76.3 million expected.guidance for the next quarter, however, was slightly below investor estimates. apple gave a range of $51.5 billion to $53.5 billion, when analysts surveyed by thomson reuters said they were looking for $53.79 billion.apple revenue could grow again thanks to the iphone 7apple’s new 's on iphone' billboard ads were all s during the same nightsquare encourages apple pay pa






nintendo earnings preview: what to watch


nintendo co. is scheduled to brief the press on its third-quarter earnings after the tokyo market closes on tuesday, followed by a corporate strategy meeting on wednesday. here’s what to look for. earnings forecast: analysts expect nintendo to report a net profit of 34.2 billion yen ($297.1 million) for the october-december period, according to a poll by data provider quick, up from a ¥29.1 billion profit from a year earlier. ...






buffett's firm says 4q profit up 15 percent on investments


omaha, neb. — warren buffett's company says fourth-quarter profit improved 15 percent, but most of the gains came from the paper value of berkshire hathaway inc.'s investments and derivative contracts.the omaha, nebraska-based conglomerate released its latest results saturday along with buffett's annual letter to shareholders.berkshire said it earned $6.29 billion, or $2.55 per class b share. that's up from $5.48 billion, or $3.65 per class b share.the analysts surveyed by factset expected earnings per class b share of $1.82 although they generally exclude investments and derivatives from their estimates. berkshire said those operating earnings totaled $1.78 per class b share.berkshire's investments and derivatives were worth roughly $1.2 billion at the end of the quarter, up from $399 mil






buffett's firm says 4q profit up 15 percent on investments


omaha, neb. — warren buffett's company says fourth-quarter profit improved 15 percent, but most of the gains came from the paper value of berkshire hathaway inc.'s investments and derivatives contracts.the omaha, nebraska-based conglomerate released its latest results saturday along with buffett's annual letter to shareholders.berkshire said it earned $6.29 billion, or $2.55 per class b share. that's up from $5.48 billion, or $3.65 per class b share.the analysts surveyed by factset expected earnings per class b share of $1.82, although they generally exclude investments and derivatives from their estimates. berkshire said those operating earnings totaled $1.78 per class b share.berkshire generated $58.3 billion revenue in the quarter, up from $51.7 billion a year earlier.berkshire's invest






facebook beats street 4q earnings, revenue forecasts – the denver post


by the ociated pressmenlo park, calif. — facebook blew past wall street’s expectations yet again with its quarterly earnings report, despite some concerns that its “ad load,” or the number of advertisements it can show users without clogging up their feed, has reached its limit.facebook on wednesday reported fourth-quarter earnings of $3.56 billion, up sharply from $1.56 billion in the same period a year earlier.on a per-share basis, the menlo park, calif.-based company said it had net income of $1.21, up from 54 cents per share. earnings, adjusted for one-time gains and costs, were $1.41 per share in the latest quarter.the results beat wall street expectations. the average estimate of 16 analysts surveyed by zacks investment research was for earnings of $1.34 per share.the social media co






whole foods' sales decline again, grocer cuts forecast


new york — whole foods says sales fell 2.4 percent at established locations, marking the sixth straight quarter of declines as it faces competitive pressures.the company said the figure was also down for the current quarter, and it cut its sales and profit forecast for the year.the austin, texas-based grocer has said it is working on better distinguishing itself from rivals, while also appealing to more customers with lower prices. it has been cutting costs and late last year got rid of its co-ceo structure, making co-founder john mackey the sole chief executive. the company is also pinning its hopes on an offshoot chain, 365 by whole foods, that focuses on lower costs and convenience.for the three months ended jan. 15, whole foods earned $95 million, or 30 cents per share. not including o






target rattles wall street with weak quarter, outlook


minneapolis (ap) — target reported a 43 percent drop in fourth-quarter profit and weak store sales overshadowed an improving online performance. its outlook for the first quarter and all of 2017 were far below what industry analysts had been expecting.shares tumbled nearly 13 percent before the opening bell tuesday and the numbers in target’s report dragged other retailers like wal-mart and macy’s down with it in premarket trading.the minneapolis company warned early this year about what was to come after a disappointing holiday season, but investors were still rattled by the numbers released tuesday.for 2017, target corp. anticipates an adjusted profit of $3.80 to $4.20 per share. that’s wasn’t even close to the per-share earnings of $5.32 that wall street was projecting, according to a p






vmware q4 strong, company calls quarter balanced


vmware reported solid fourth quarter results, as it maintained focus and be e part of dell technologies.the company reported fourth quarter earnings of $441 million, or $1.04 a share, on revenue of $2.03 billion, up 9 percent from a year ago. non-gaap earnings were $1.43 a share. wall street was expecting vmware to report fourth quarter earnings of $1.39 a share on $1.99 billion in revenue. for 2016, vmware reported earnings of $1.19 billion, or $2.78 a share, on revenue of $7.09 billion. ceo pat gelsinger said vmware's fourth quarter was "one of the most balanced quarters for vmware in years."vmware is betting on a hybrid cloud strategy and announced a high-profile partnership with amazon web services in october. see: aws cements hybrid cloud position with vmware partnership: here's what






pepsico’s revenue climbs as it sells more drinks, snacks


purchase, n.y. (ap) — pepsico reported a better-than-expected profit for the fourth-quarter as soda and snack sales increased and the company cut costs.the maker of frito-lay chips, mountain dew soda and tropicana orange juice said wednesday that its sales volume rose 3 percent globally for snacks and 1 percent for its beverages. pepsico, coca-cola and other big packaged food makers are trying to adapt and keep up with changing eating habits.pepsico inc., based in purchase, n.y., has said that it is working on reducing the amount of sugar it uses for drinks globally.for the quarter ended dec. 31, the company earned $1.4 billion, or 97 cents per share. earnings, adjusted for non-recurring costs and restructuring costs, came to $1.20 per share, topping the $1.16 per share analysts expected,






cornerstone ondemand delivers mixed q4


cornerstone ondemand delivered mixed fourth quarter earnings on monday.the talent management software provider posted a net loss of $18.6 million, or 33 cents per share.what's hot on zdnetnon-gaap earnings were a loss of two cents a share on revenue of $109 million, up 29 percent year over year.wall street was expecting a loss of four cents per share on a revenue of $108.5 million.for 2016, revenue was $423.1 million, up 26 percent year-over-year, with an earnings loss of 42 cents a share. in a canned statement, cornerstone ceo adam miller expressed confidence in "the tremendous market opportunity in learning and human capital management" and said he the company's ability to innovate will fuel its long-term growth. elsewhere in the earnings release, cornerstone said it ended q4 with more t






salesforce beats q4 earnings targets, q1 outlook light


salesforce reported in-line fourth quarter financial results tuesday, but the company's 2018 guidance was slightly below wall street forecasts.what's hot on zdnetthe social enterprise purveyor reported non-gaap earnings of 28 cents per share on revenue of $2.29 billion, up 27 percent year over year. wall street was looking for earnings of 25 cents per share with revenue of $2.28 billion. the company's q4 net loss widened to $51.4 million, or seven cents per share, compared to a loss of $25.5 million, or four cents per share, a year earlier. subscription and support revenues increased 25 percent annually to $2.11 billion. professional services and other revenues totaled $183 million, up 45 percent year over year.for fiscal 2017, salesforce's total revenue was $8.39 billion, or $1.01 a share






salesforce beats q4 earnings targets, q1 outlook light


salesforce reported in-line fourth quarter financial results tuesday, but the company's 2018 guidance was slightly below wall street forecasts.what's hot on zdnetthe social enterprise purveyor reported non-gaap earnings of 28 cents per share on revenue of $2.29 billion, up 27 percent year over year. wall street was looking for earnings of 25 cents per share with revenue of $2.28 billion. the company's q4 net loss widened to $51.4 million, or 7 cents per share, compared to a loss of $25.5 million, or 4 cents per share, a year earlier. subscription and support revenues increased 25 percent annually to $2.11 billion. professional services and other revenues totaled $183 million, up 45 percent year over year.for fiscal 2017, salesforce's total revenue was $8.39 billion, or $1.01 a share."we dr






netapp delivers strong q3, teases new hyperconverged systems


enterprise storage vendor netapp upped its outlook for the fourth quarter as its all-flash arrays and new products gain momentum.for the fourth quarter, netapp projected adjusted earnings of 79 cents a share to 84 cents a share on revenue between $1.39 billion to $1.4 billion. wall street was looking for fourth quarter earnings of 77 cents a share on revenue of $1.4 billion. netapp's transition to all-flash storage deployments has been rocky at times, but the company said that business is on a annual run rate of $1.4 billion now. the company reported third quarter earnings of $146 billion, or 52 cents a share, on revenue of $1.4 billon. non-gaap earnings for the third quarter was 82 cents a share, well above the 74 cents a share expected by wall street. on a conference call, ceo george kur






target rattles wall street with weak quarter, outlook


minneapolis — target reported a 43 percent drop in fourth-quarter profit and weak store sales overshadowed an improving online performance. its outlook for the first quarter and all of 2017 were far below what industry analysts had been expecting.shares tumbled nearly 13 percent before the opening bell tuesday and the numbers in target's report dragged other retailers like wal-mart and macy's down with it in premarket trading.the minneapolis company warned early this year about what was to come after a disappointing holiday season, but investors were still rattled by the numbers released tuesday.for 2017, target corp. anticipates an adjusted profit of $3.80 to $4.20 per share. that's wasn't even close to the per-share earnings of $5.32 that wall street was projecting, according to a poll o






cognizant shares jump on deal for new board members


teaneck, n.j. — facing pressure from an activist investor, cognizant technology solutions agreed to appoint three new independent directors to the board and launch an aggressive effort to return cash to investors.as part of an agreement with activist investor elliott mana ent, cognizant said wednesday that two of the directors will be named prior to the 2017 shareholders meeting and the other will be named closer to next year's meeting. cognizant said three existing board members will not be up for re-election.cognizant, which also announced better-than-expected earnings for the fourth quarter, said it will ramp up its shift to digital and seek out more acquisitions.the information technology consulting and outsourcing firm said a quarterly dividend payment to shareholders will begin this






aetna tops 4q forecasts, starts low with 2017 forecast


aetna trumped analyst earnings expectations for the final quarter of 2016, but the health insurer’s 2017 forecast starts off well below wall street projections.the nation’s third largest insurer said tuesday that it expects adjusted earnings of at least $8.55 for the new year.analysts forecast, on average, earnings of $8.78 per share, according to factset.in the fourth quarter, aetna earnings sank 57 percent to $139 million, the drop attributed largely to restructuring costs that included $215 million for a voluntary early retirement program.most read storiesunlimited digital access. $1 for 4 weeks.earnings, adjusted for one-time gains and costs, totaled $1.63 in the quarter, and the insurer’s total revenue climbed 4.5 percent to $15.73 billion.analysts expected earnings of $1.45 per share






bp 4th-quarter earnings more than double to $400 million


london — oil giant bp says fourth-quarter earnings more than doubled as it made progress adjusting to lower energy prices.underlying replacement cost profit rose to $400 million from $196 million in the same period last year. the figure, which excludes non-operating items and fluctuations in the value of inventories, is the industry's preferred measure. net income was $497 million compared with a loss of $3.31 billion a year earlier.ceo bob dudley said tuesday that bp delivered "solid results in tough conditions." oil companies have been selling ets and cutting costs to adjust to lower prices. brent crude, the international benchmark, averaged $44 a barrel last year, the lowest in 12 years.bp took a fourth-quarter charge of $799 million for the deepwater horizon disaster, bringing total ch






select comfort misses mark in 4q results


select comfort corp. reported disappointing fourth quarter results after the market closed wednesday but said it has started 2017 with good traffic and sales at its sleep number stores thanks to a pickup in consumer confidence.“while our fourth quarter sales and earnings were below our expectations, we begin 2017 well-positioned to accelerate earnings growth, cash generation and returns to shareholder,” select president and ceo shelly ibach said in a statement.the plymouth-based company’s revenue was $313.4 million for the quarter ended dec. 31, up 46 percent over the same period a year ago. net income was $11.3 million, or 25 cents a share, compared with a loss of $21.2 million, or 42 cents per share, in the year-ago period.but the 2015 results were negatively impacted by the implementati






microsoft’s profit rises, buoyed by cloud business


microsoft corp. is securing its spot as the second most important cloud-computing company.the software giant thursday posted big fiscal second-quarter gains in its web-based, on-demand computing business, emerging as the stiffest competitor to amazon.com inc.’s market-leading cloud unit.revenue for microsoft’s intelligent cloud...






seaworld reports lackluster revenues, attendance


seaworld attendance and revenues continued their downward slide during the final quarter of 2016, even as the economic picture brightened at its san diego and san antonio parks, the company reported tuesday.across its 12 parks, seaworld entertainment generated revenues of $267.6 million, down just slightly from the  $267.9 million during the same quarter a year earlier. while 30,000 fewer people visited seaworld parks over the last three months of 2016 compared with the fourth quarter of 2015, attendance was up at the california and texas parks, ceo joel manby said.the orlando-based company, though, still experienced a net earnings loss of $11.9 million, or 14 cents per share in the fourth quarter, compared with a loss of $11.0 million, or 13 cents a share a year earlier. the wider than ex






apple’s q1: iphone 7 slays in a record-setting $78.4 billion quarter


one year ago, in the first quarter of 2016, apple reported a record-breaking profit: $18.4 billion on $75.9 billion in revenue. that was great news, but setting the bar so high was a mixed blessing—apple’s huge uptick in growth ended there, with declining iphone sales and profits in the three quarters since. but the company turned that around with the iphone 7 and 7 plus, apple ceo tim cook said in apple’s q1 earnings report on tuesday. the company broke its own record with $78.4 billion in revenue for the quarter ending december 31—and $54.3 billion of that e from iphones, of which apple sold 78.3 million. that’s another record, in case you were wondering. cook had expected both iphones, particularly the 7 plus, to lift apple’s revenue during the holiday quarter. during the company’s q






intuit cuts q2 outlook, says tax season off to slow start


intuit said its second quarter profits would be lower than expected due to a slow start to the tax season.the company, which caters to small businesses but makes most of its profit during tax preparation season, said its revenue will be between $1.01 billion and $1.05 billion with non-gaap earnings of 24 cents a share to 25 cents a share. wall street was expecting non-gaap earnings of 36 cents a share on revenue of $1.06 billion. according to intuit, tax season is "forming more slowly than usual," but revenue will wind up shifting to the third quarter. intuit didn't flag competition from h&r block, which is using ibm's watson platform to prep taxes. intuit explained that consumer tax revenue is recognized as returns are filed. data from the irs indicates that tax preparation across all






toast to willie nelson with seven spanish angels beer


if there is one person who embodies texas as a spirit, a people, a nation, it’s willie nelson. the man is literally a living legend. it doesn’t matter who you are, politician, celebrity, average joe—when you’re in the presence of willie, when you get a chance to see him perform, it’s amazing.i’ve had the pleasure of seeing willie nelson perform many times, most recently with the federalist’s own ben domenech at last year’s austin city limits festival. that day willie was joined on stage by a dozen people, including other ians who were performing at the festival, his family, and the man who serves as his unofficial sidekick, the man who introduced him to the tens of thousands of people in the crowd, matthew mcconaughey.the ians who joined willie on stage, including margo price and nathaniel