Intel posts largest ever quarterly loss in company history, coupled with a 36 percent decline in sales. But share price rises
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Semiconductor Revenue To Decline In 2023, Gartner Warns
Gartner forecasts global semiconductor revenue to decline 11.2 percent in 2023, amid economic uncertainties and weakening demand
Meta Pleases Investors After Sales Rise, As Profits Dive
Plunge in profits at Facebook parent, but Meta pleases Wall Street after sales rose for first time after three quarters of decline
Alphabet Beats Expectations, Announces $70 Billion Share Buyback
Shares in Alphabet rise after its first quarter results beat expectations, despite reduced ad spending, TikTok competition etc
Microsoft Shares Rise As Q3 Earnings Beat Forecasts
Azure cloud delivers for Microsoft despite tough economic conditions – with artificial intelligence slated for future growth
Netflix Ends DVD By Post, Amid Password-Sharing Crackdown
Mostly positive results from Netflix, as streaming giant winds down legacy DVD via post program and expands password crackdown
Alphabet Earnings Miss Expectations, As YouTube Declines
Google parent Alphabet has felt the impact of reduced advertising spending, after its latest financials mostly missed Wall Street expectations
Amazon Posts Annual Loss Amid Restructuring
Worse than anticipated earnings for Amazon on Thursday, amid difficulties after pandemic boom and 18,000 job losses
Apple Disappoints By Missing Wall Street Expectations
Financial results from Apple highlight weakening consumer demand, as it insists iPhone production problems are over
Meta Pleases Investors With ‘Year Of Efficiency’ Pledge
After heavy Metaverse spending in 2022, Mark Zuckerberg points to cost savings in 2023 after big drop in profits in 2022
Musk Says Twitter To Launch Ad-Free Subscription
Elon Musk says Twitter to offer premium subscription tier without advertising, as company seeks new revenue sources
Twitter Revenue Down 40 Percent, As 500 Advertisers Pause Spending
Report that more than 500 advertisers have paused spending with Twitter, and it's daily revenue is 40 percent down from a year ago
HP To Layoff 4,000 To 6,000 Staff Over Next Three Years
Smaller still. Thousands of job cuts are coming to HP's global workforce, in addition to the 9,000 jobs it axed three years ago
Apple Rides The Storm With Solid Earnings
Amid investor tech gloom, Apple's Q4 and full year results prove to be a bright spot, but it admits holiday quarter may be weaker
Meta Shares Plummet Over Costs, Weak Forecast
Investors take fright as Meta's revenues fall for second straight quarter, and warns of more costs ahead, forecasts weak holiday quarter
Alphabet To Cut Hiring By Half, As YouTube Declines
Second bellwether for tech sector posts its financials – Alphabet reveals disappointing ad sales, sparking fears for digital media sector
Microsoft Shares Sink After Weak Forecast
Enterprise software giant Microsoft beat Wall Street expectations, but shares fell as it issued weak guidance for the coming quarter
Netflix To Begin Password Crackdown In 2023
Streaming giant Netflix beats Q3 expectations and adds 2.4 million subscribers, while confirming global password crackdown next year
Amazon Posts Second Straight Loss After Rivian Stake Writedown
Another tech bellweather financial results show Amazon posting a second quarterly loss in a row, after a hefty reassessment of the value of its stake in Rivian
Apple Shrugs Off Economic Gloom, But Profit Slips
No slowdown in demand for iPhones says Apple despite negative macroeconomic indicators, as revenues rise 2 percent beating estimates
Alphabet Misses Earnings Forecast, But Pleases With Strong Ad Performance
Narrow miss on quarterly results gives hope Alphabet is in a decent position to weather the economic slowdown impacting others
Meta Posts First Ever Revenue Decline, Amid Intense Pressures
CEO Mark Zuckerberg warns the economic downturn has arrived, as Meta misses earnings forecast and predicts another decline
Chip Revenues To Decline 2.5 Percent In 2023, Warns Gartner
Global semiconductor revenues are projected to grow 7.4 percent in 2022, but will decline in 2023 as inflationary pressures take their toll
Microsoft Q4 Profits From Cloud Growth, But Misses Forecasts
Windows and Xbox declines for Microsoft, which blames economic turmoil as its strong furth quarter earnings misses some analyst forecasts
Tesla Sells 75 Percent Of Bitcoin Holdings
Bitcoin price slides after Elon Musk says cryptocurrency sale was to maximise Tesla's cash position after a shaky second quarter
Netflix Loses 1 Million Subscribers, But Predicts Q3 Growth
One million subscriber loss is less than 2 million prediction, as streaming giant offsets investor worry with forecast to add 1 million in Q3
Apple Profits Surge, As Firm Warns Of Trouble Ahead
No interruption for the Apple gravy train, as it shrugged off supply chain troubles. However it forecasted bigger problems ahead
Amazon Posts First Net Loss Since 2015, Amid Challenging Market
Disappointing results from Amazon with first loss since 2015, as inflation, fuel and warehouse costs and supply chain turmoil take their toll
Meta Pleases Investors After Daily User Number Growth Returns
Shares in Meta rose 20 percent in relief with modest daily and monthly user growth, despite mixed financial results in the first quarter
Alphabet Profit Slides As YouTube Misses Expectations
Tech giant posts mixed first quarter results, as Alphabet contends with rising inflation, increased YouTube competition, and falling ad spend