Ant Financial, the Chinese FinTech giant and an affiliate of Alibaba Group, posted an earnings pre-tax loss of 2.4 billion yuan ($353 million USD) for the quarter ending Sept. 30. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
For Alibaba, the situation is a fluid one — uncertain enough on a macro level to cut guidance — as the Chinese consumer continues to spend on all manner of goods sold online, but not at previously lofty levels. Get the Full Story Complete the...
Double-digit growth marked Western Union's digital offerings, and now represents 12 percent of the firm's key C2C business. Management pointed to solid growth spanning several cross-border corridors — and, of course, the new pact with Amazon got its share of attention on the post-earnings call.
Lower ATM operating revenue in the U.K. and Australia helped depress Q3 earnings revenue for Cardtronics, the world’s largest owner of ATMs. Late Thursday (Nov. 1), the company reported a 15 percent year-over-year decline in total revenue to $340.2 million. Get the Full Story Complete...
Wall Street waits with bated breath for Apple’s earnings. After all, a $1 trillion market cap implies hefty expectations for the tech giant. Amid a general downdraft in technology companies, investors fret about slowing growth, about interest rates, about the state of the mighty U.S. consumer...
Smartwatches and repeat customers helped Fitbit beat analyst revenue expectations in the third quarter of 2018 — and those two factors could become even more important in the months to come. Enterprise healthcare, too, could provide more fuel for future growth, company executives said. Get the...
Yum! Brands beat Wall Street’s expectations when its earnings were released Wednesday, as an assortment of new menu offerings were successful in drawing more foot traffic into its Taco Bell and KFC locations this quarter. According to reports, pickle-fried chicken and nacho fries were big draws....
Samsung Electronics smartphone sales will increase in the holiday shopping season, with the general trend lasting into 2019, the company said when announcing its Q3 results. But competition and marketing expenses will cut into profits, and mobile revenue declined about 12 percent year over year....
It was unlikely that the Facebook’s Q3 earnings release could ever touch Q2 for drama — the social media site hemorrhaged 20 percent of its share price overnight. Those kinds of earnings fireworks are rare events. Get the Full Story Complete the form to unlock...
