Posts Tagged ‘news’

Amazon Reports Strong 4th Quarter Earnings

Amazon.com on Thursday posted a 9% increase in fourth-quarter net income as the Internet giant’s aggressive pricing led to strong sales in a dismal economy.
Amazon’s better-than-expected Q4 revenue and earnings, along with a strong sales outlook for the current first quarter and a better than expected holiday shopping season, helped boost shares 12% in extended-hours [...]

Ballmer letter to employees amidst layoffs, losses.

Microsoft CEO Steve Ballmer announced that Microsoft’s Q2 earnings on $16.6 billion in revenue are “approximately $900 million below our earlier expectations.” This comes after Microsoft announced huge layoffs in response to the deteriorating economy slowly creeping into the tech sector.
Microsoft’s miss took its share price down more than 10% and closed to $17.20 share [...]