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Report: Facebook Mulls Tip Jar for Posts

2016-04-20 23:05:03| PC Magazine Software Product Guide

Would you pay someone for a particularly enlightening or entertaining Facebook post?

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Yahoo! posts Q1 loss on 11% lower revenues

2016-04-20 08:20:00| Telecompaper Headlines

(Telecompaper) Yahoo! reported a net loss of USD 99 million or 10 cents a share for the first quarter, compared to a profit of USD 21 million or 2 cents a share a year ago. Revenues fell to USD 1.087 billion, and adjusted operating profit plunged to USD 7 million from USD 80  million. The company said the results were near the high end of its expectations and it was making progress on its initiatives to reduce costs and stimulate growth. Yahoo provided little information on its ongoing strategic review, saying only that it was a "top priority". According to CEO Marissa Mayer: "we have made substantial progress towards potential strategic alternatives for Yahoo. Our board, our management team, and I are completely aligned on this top priority for shareholders."

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Netflix posts strong customer growth in Q1, sees slow Q2

2016-04-19 08:32:00| Telecompaper Headlines

(Telecompaper) Netflix announced first-quarter results better than expected but gave a cautious outlook for the second quarter. The company added 2.30 million new streaming customers in the US and 4.51 million at its international activities, beating its own guidance of respectively 1.75 million and 4.35 million. The total number of streaming subscribers reached 47.0 million in the US and 34.5 million elsewhere, while the company also still had 4.7 million DVD rental customers. Revenues increased 24 percent to USD 1.96 billion in Q1, with growth of 17 percent in the US and 57 percent at the international business. EBITDA fell by 23 percent, and operating profit nearly halved to USD 49 million due to the costs of international expansion. Net profit was still slightly higher due to a gain. After negative cash flow of USD 261 million, Netflix ended the period with USD 1.6 billion in cash. 

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China posts 6.7% first quarter growth

2016-04-15 04:32:13| BBC News | Business | UK Edition

China's economy grew 6.7% in the first quarter of 2016, official data shows, the slowest quarterly growth in seven years.

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Ruby Tuesday, Inc. (RT) Posts Earnings Results, Misses Expectations By $0.02 EPS

2016-04-11 08:31:02| Beverages - Topix.net

Ruby Tuesday, Inc. released its quarterly earnings data on Thursday. The company reported $0.03 EPS for the quarter, missing the Zacks' consensus estimate of $0.05 by $0.02, AnalystRatings.Net reports.

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