Alphabet Inc. reported Tuesday (Feb. 2) as part of its fourth quarter and fiscal year 2020 results that revenues jumped approximately 23 percent for the quarter ended Dec. 31, from the same quarter in 2019, as the Google parent’s advertising revenues soared. Get the Full...
To say that COVID-19 worked out well for the world’s largest online retailer and its founder would be an understatement of Amazonian proportions. While the pandemic’s lockdowns and travel restrictions certainly presented their share of logistical challenges, the sheer fact that more people than ever...
Delivery giant UPS on Tuesday (Feb. 2) announced fourth-quarter 2020 consolidated revenue of $24.9 billion, a 21 percent increase over the fourth quarter of 2019. Operating profit was up 26 percent compared to last year’s fourth quarter. Get the Full Story Complete the form to...
As had been the case with card and payment network peers that had reported earnings earlier in the week, Visa’s fiscal first-quarter results showed headwinds in cross-border spend, hampered by the pandemic and travel restrictions. But debit remained strong, contactless transactions gained traction, and Visa...
Mastercard posted fourth-quarter results that show at least some recovery in consumer spending amid the pandemic – but much depends on border reopenings and continued vaccine rollouts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
It was supposed to be a record-breaking fiscal year first quarter for Apple and the company did not disappoint. Riding the success of the global connected economy and a better than expected performance from the iPhone 12, the company logged its first $100 billion quarter,...
Facebook, Inc. reported on Wednesday (Jan. 27) as part of its Q4 and full year 2020 earnings that total revenue surged 33 percent year-over-year for the three months ended Dec. 31, 2020. Get the Full Story Complete the form to unlock this article and enjoy...
Chinese social media app TikTok — the world’s biggest startup — grew operating profit to $7 billion after parent company ByteDance saw revenue at about $35 billion last year, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Capital One Financial said on Tuesday (Jan. 26) that, in its fourth quarter, consumer credit metrics improved as consumers continued to pay down debt. In terms of headline numbers, the company said that revenues were down 1 percent to $7.3 billion, which beat expectations of...
