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Articles about Wall Street

AMD posts $1.4bn in sales, beats Wall Street moneymen's predictions

AMD has announced its financial results for its first fiscal quarter, and the chip designer handily beat analysts' expectations in both revenues and the all-important – to the Wall Street moneymen, at least – earning per share (EPS). On both a GAAP and non-GAAP basis – which excludes one-time items* – AMD reported revenues of $1 …
Rik Myslewski, 17 Apr 2014
An Amazon Coin

Amazon reports rare profit and is punished by Wall Street

E-retail bellwether Amazon badly missed Wall Street expectations on Thursday, causing its shares to fall – even though it reported a healthy profit. The e-retail giant reported earnings per share of $0.51 and net sales of $25.59bn for its fourth quarter of 2013 on Thursday, missing Wall Street estimates of $0.66 and $26.06bn by …
Jack Clark, 31 Jan 2014
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Apple blows past (most) Wall Street moneymen's expectations

After Apple announced its new iPad Air and iPad mini with Retina display last October, CEO Tim Cook offered the hopeful opinion that "it's going to be an iPad Christmas." Turns out his hopes were fulfilled. Apple has announced its financial results for the first quarter of its fiscal 2014 – which happens to coincide with the …
Rik Myslewski, 27 Jan 2014
Double Facepalm; when one facepalm is not enough.

Wall Street traders charged with stealing company code via email

Three men have been charged with pilfering trade secrets from a Wall Street firm after two of them emailed themselves computer code belonging to their former employer from their company email accounts. Glen Cressman and Jason Vuu, both former employees of Wall Street firm Flow Traders, were each charged with unlawful duplication …
Neil McAllister, 27 Aug 2013

Apple's strong iPhone sales crush Wall Street moneymen's tepid expectations

Despite not introducing any significant new products during the second quarter of its fiscal 2014 ended in March, Apple has announced unexpectedly healthy revenues and profits for the quarter, with the all-important earnings per share numbers crushing analysts' expectations. Apple historical revenue and profit chart Apple's …
Rik Myslewski, 23 Apr 2014
Twitter for Mac New

Wall St's DROOLING as Twitter GULPS DOWN analytics firm Gnip

Twitter has bought its long-time collaborator Gnip, a analytics firm that should help the social media firm turn its red balance sheets black. Gnip specializes in taking social media feeds and studying them to extract financially useful information. It's one of four companies with access to Twitter's firehose of feeds, and also …
Iain Thomson, 16 Apr 2014

Apple earnings slip, but numbers beat Wall Street estimates

Apple – unlike its tech-industry compatriots Microsoft, Google, Intel, BlackBerry, and über-rival Samsung – surprised most Wall Street moneymen by turning in slightly better than expected numbers for its third fiscal quarter of 2013, reporting revenues of $35.3bn, net income of $6.9bn, and the all-important earnings per share ( …
Rik Myslewski, 23 Jul 2013
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Chinese tat bazaar Alibaba snubs Honkers, eyes up Wall St float

Chinese web marketplace Alibaba reportedly looks set to field its initial public offering in the US after it failed to secure a stock exchange listing in Hong Kong. The online-shopping powerhouse, which is headed up by Jack Ma, could float on Wall Street early next year with a price tag valued at $70bn, the Wall Street Journal …
Team Register, 25 Sep 2013

AMD fools Wall Street, posts smaller loss than expected

A day after its competitor Intel posted financial results for its most recent quarter that came in slightly below analyst's estimates, AMD bucked that disappointing trend – but it's not quite out of the woods yet. AMD reported its second quarter results on Thursday after markets closed, and reported a loss of $0.09 per share ( …
Rik Myslewski, 18 Jul 2013
The Register breaking news

Mysterious Facebook product plumps up shares on Wall Street

Facebook's stock went north on Wall Street - reaching $32 a share yesterday for the first time since July 2011 - basking in the glow of the free content ad network's imminent product announcement. The company sent out invites to the press last week to "come and see what we're building". Surprisingly, the details of what will be …
Kelly Fiveash, 15 Jan 2013
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Red Hat revenues rise but not enough for Wall Street

Red Hat is growing like a weed, and thinks that in a few years open source cloud computing could be worth more to it than the entire Linux market. The open source firm reported revenues of $348m on Wednesday for its fiscal Q4 2013, up 17 per cent year over year. Though the earnings saw big increases year-over-year, they were …
Jack Clark, 27 Mar 2013

Intel inches above Wall Street's earnings expectations

On the day that the Dow notched its first triple-digit gain in over a month, Intel joined the party – well, in a minor way, to be sure – by beating Wall Street's lowered expectations for its most-recent quarter. The company reported quarterly revenue of $13.5bn, net income of $3bn, and earnings per share of 58¢. While those …
Rik Myslewski, 16 Oct 2012
The Register breaking news

Facebook reports revenues up 40% but Wall Street says 'meh'

Mark Zuckerberg must be tearing at his hoodie after Facebook's shares dipped following the release of what are, on the face of it, very respectable quarterly results for his company. Revenues for Facebook's fourth quarter of fiscal 2012 stand at $1.585bn, up 40 per cent on this time last year, with advertising up 41 per cent and …
Iain Thomson, 31 Jan 2013

Apple shares dive after quarterly report disappoints Wall Street

Apple released its financial results for the first quarter of its 2013 fiscal year after the markets closed on Wednesday, and disappointing results immediately drove its stock price down by over 5 per cent. Although Apple posted record quarterly revenue of $54.5bn, a quarterly profit of $13.1bn, and earnings-per-share (EPS) of $ …
Rik Myslewski, 23 Jan 2013
The Register breaking news

Wall St 'Likes' Facebook again: Shares edge up to pre-IPOcalypse price

It's been 14 months since Facebook debuted on Wall Street and the company has finally rebounded to its initial public offering share price of $38. On Tuesday, the free content ad network's stock rose 7 per cent to $37.96 - just a whisker away from its 18 May 2012 IPO price tag. Facebook saw its shares hit repeated snags: first …
Kelly Fiveash, 31 Jul 2013

Tightwad music spaffer Pandora opens box for Wall St to fill with cash

Controversial webcaster Pandora, under fire for running its music streaming business with the iron grip of a plantation owner, is returning to Wall Street for a cash injection. The company floated in 2011 and its popularity (it has 70 million listeners), revenues (up 55 per cent year on year) and share price (now almost $25) …
Andrew Orlowski, 17 Sep 2013
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Dell, the man, prevails in quest to wrest Dell, the company, from Wall Street

So that's done, then. Shareholders of IT giant Dell have approved a $24.9bn private takeover bid put together by company founder Michael Dell, Silver Lake Partners, and borrowed dough from Microsoft and a slew of banks. Now Wall Street will be off Dell's back as it tries to reorganize itself for the future of computing, …
The Register breaking news

Facebook fails to wow Wall Street with slow profit growth

Facebook posted strong revenue for its first quarter of fiscal 2013, beating analyst estimates, but profits only inched ahead slightly as the social network continued to struggle with its transition to a mobile-first company. Total revenue for the quarter was $1.46bn, up 38 per cent from the previous year's Q1 but down 8 per …
Neil McAllister, 01 May 2013

Chicago Mercantile Exchange floats Wall Street cloud

Cloud computing promises the easy migration from one supplier to the next, but we all know that isn't the case because there isn't any market punters can access to buy and sell their resources. But on Monday that changed when the Chicago Mercantile Exchange (CME) announced it had signed a non-binding Letter of Intent with cloud …
Jack Clark, 01 Oct 2013

Lone sysadmin fingered for $462 MEEELLION Wall Street CRASH

On August 1st, 2012, high-frequency equities trader Knight Capital lost $US462 million after automated trading systems went haywire, a mess that has now been traced to a mistake by a single sysadmin. The incident saw the company place orders for many more shares than its clients wanted to buy. Knight ended up holding the baby, …
Simon Sharwood, 23 Oct 2013
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Microsoft: Ha ha, my Wall Street friends - THIS time the victory is OURS

Microsoft disclosed on Thursday its earnings for the first time since outgoing CEO Steve Ballmer announced the company's radical restructuring in July, and from all appearances, all is well in Redmond. The software behemoth reported profits of $5.24bn (up 17 per cent year on year) and earnings per share of $0.63 on record first- …
Neil McAllister, 25 Oct 2013
The Register breaking news

Wall Street Journal launches own WikiLeaks

A new chapter has started in the long and complex story of Julian Assange’s relationship with mainstream media, with the Wall Street Journal launching a competitor whistleblower site. SafeHouse is soliciting whistleblower documents covering “politics, government, banking, Wall Street, deals and finance, corporations, labor, law …
The Register breaking news

Feds stamp on cash pipeline to Mt Gox, Bitcoin's Wall Street

The Department of Homeland Security has frozen an online trade route between US citizens and Mt. Gox - the world's largest exchange of crypto-currency Bitcoin. The move will be interpreted as an opening skirmish in a battle to control the electronic cash, which has exploded in popularity and so far avoided regulation by …
Jasper Hamill, 15 May 2013
The Register breaking news

Apple nudges out Exxon Mobil for top spot on Wall Street

Apple briefly shunted Exxon Mobil into the No. 2 spot on the New York Stock Exchange yesterday to become the most valuable company in the US. The oil giant was restored to the top of the pile at close of trading on Tuesday, which was another difficult day on Wall Street. Late last week America slipped from the much-desired ' …
Kelly Fiveash, 10 Aug 2011

Hey, Michael Lewis: Stop DEMONISING Wall Street’s SUPERHUMAN high-speed trading

Yesterday's energetic debate on CNBC between BATS Global Markets president William O'Brien and Flash Boys author Michael Lewis and IEX's Brad Katsuyama put the cat among the pigeons over high-frequency trading. It was all provoked by Moneyball writer Lewis' new book, Flash Boys, which, among other things, makes the claim that …
Tim Worstall, 02 Apr 2014
The Register breaking news

Yahoo! apologizes for blocking Wall Street protest emails

Yahoo! has admitted that its email filters were blocking news of the ongoing occupation of Wall Street by activists, which is now in its fourth day. An investigation by Think Progress found that emails containing a link to the OccupyWallSt.org website – which contains the latest updates on the protest – were being bounced back …
Iain Thomson, 21 Sep 2011
For Sale sign detail

Apple annihilates Wall Street performance estimates

With another fiscal quarter now in the bank, Apple has again embarrassed Wall Street analysts. The Cupertinian juggernaut posted its financial results for its third fiscal quarter of 2011 on Tuesday, and the numbers were – to understate a wee bit – quite satisfactory. "We're thrilled to deliver our best quarter ever, with …
Rik Myslewski, 19 Jul 2011

IBM's Watson gets a job on Wall Street

IBM has signed a deal with banking group Citi to use the data-analyzing abilities of the Watson supercomputer to help deal with its customers. Citi will try out Watson – which beat off human competition to win the US quiz show Jeopardy! last year – in a variety of roles. These could include building customer profiles based on …
Iain Thomson, 06 Mar 2012
The Register breaking news

Apple stuns Wall Street with 95% earnings surge

Apple blew past the Wall Street moneymen's predictions for its financial performance in the second quarter of its fiscal year 2011, posting record Q2 revenue of $24.67bn along with record Q2 net profit of $5.99bn. "We're firing on all cylinders," said CEO Steve Jobs in a prepared statement. "We will continue to innovate on all …
Rik Myslewski, 20 Apr 2011
The Register breaking news

First the NYT, now the Wall Street Journal: But are hacking attacks from China new?

The Wall Street Journal is the latest media titan after the New York Times to admit it was raided by Chinese hackers. The WSJ confessed on Thursday a day after the NYT similarly blamed intruders linked to China's military for a persistent four-month assault against its computer systems. The attack against the NYT used a …
John Leyden, 01 Feb 2013
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Brocade gives Wall Street the finger

The SANs are okay... Brocade beat pessimistic Wall St estimates about its fourth quarter (Q4) earnings and outlook for the next quarter, showing that there is more life in the Fibre Channel and Ethernet vendor than analysts gave it credit for. Revenues in the fourth quarter ending 29 October were $550m, a 9 per cent rise on the …
Chris Mellor, 24 Nov 2011
The Register breaking news

Adobe startles Wall St with Q4 sales climb

Just one month after Adobe confirmed it was axing around 7 per cent of its global workforce and backing away from its Flash Player software on mobile gadgets, the company has reported final quarter results that surprised Wall Street. It pulled in revenue of $1.1bn (£0.7bn) for the three months ended 2 December, up 14 per cent …
Kelly Fiveash, 16 Dec 2011

Report: IBM to peddle its chip wing

IBM is rumored to have retained Goldman Sachs to help it put a price on its semiconductor division. The news was reported by the Financial Times on Thursday afternoon, California time, and follows IBM's long-expected announcement of the sale of its server division to Asian electronics giant Lenovo. At the time of writing …
Jack Clark, 07 Feb 2014
Monty Python Norwegian Blue dead parrot sketch

Twitter shares tank as blabbergasm implodes in full glare of unforgiving investors

Twitter shares fell sharply on Wall Street today, wiping out about a quarter of the value of the micro-blogging site within minutes of trading opening in New York. The precipitous fall came after the company reported disappointing results in its first quarterly finance call since taking Twitter public last year. It's been a …
Kelly Fiveash, 06 Feb 2014
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So you wanna be a Wall Street techie? Or anyway, get paid a lot

For at least a couple of decades now, if you’ve been a technologist and wanted to get paid as highly as possible for your work, there’s been pretty much only one place to go: the financial industry. meeting_room_empty_chair Have a seat, chum... we'll be in shortly to pick up the questionnaire on the syntax of complicated and …
Dave Mandl, 19 Jun 2012

AMD stock soars after positive quarterly report

AMD's stock rose by as much as 13 per cent on Monday morning when the Wall Street moneymen returned to work after their Good Friday holiday and rewarded the microprocessor and graphics design firm for its upbeat financial report for the first quarter of 2014. AMD's Monday, April 21 stock price rise We can hear the champagne …
Rik Myslewski, 21 Apr 2014

Mellanox goes to Wall Street for cash

InfiniBand and Ethernet networking chip and equipment maker Mellanox Technologies announced after the market closed in New York on Monday that it would be issuing up to 3 million shiny new shares to raise some cash for working capital and strategic investments. The offering, which has J.P. Morgan Securities, Credit Suisse …
Punk-styled girl with piercing gazes at an apple

Apple misses earnings targets, Street reacts

Apple released its earnings report for the third quarter of its 2012 fiscal year, and its numbers came in well below most Wall Street moneymen's projections – largely, it seems, on a steep quarter-to-quarter drop in iPhone sales. Shares in after-hours trading took an immediate hit, down from just over $600 per share before the …
Rik Myslewski, 24 Jul 2012

Intel sees 'signs of improvement in the PC business' but earnings remain 'Meh...'

Intel has posted its financial results for its first quarter of fiscal 2014 that were either marginally lower or higher than analysts' estimates, depending upon which analysts you trust. Chipzilla reported revenues of $12.8bn for the quarter, with net income of $1.9bn and the all-important earnings per share (EPS) coming in at $ …
Rik Myslewski, 15 Apr 2014
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Compellent basks in Wall Street's love

Shunned by Wall Street since making less profit than the street gods had been led to believe it would, Compellent roared back into favour yesterday after announcing it had made a boatload of money in its latest quarter. Compellent makes Storage Center disk and solid state drive arrays for small and medium enterprises. The arrays …
Chris Mellor, 28 Oct 2010
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Well done on the privacy lawsuit. Now NSA will keep your phone records INDEFINITELY

The US government is considering extending the controversial collections of US citizens' phone records for an even longer period in order to avoid tossing potential evidence in lawsuits designed to curtail the surveillance programme. Lawsuits geared to stopping the indiscriminate, untargeted collection of phone call records mean …
John Leyden, 27 Feb 2014

EMC in bizarre Juniper gobble attempt - Wall Street whispers

Reports say that data networking supplier Juniper Networks is putting itself up for sale and EMC could be a buyer. Benzinga, a financial website, reported a rumour this week that Juniper was shopping itself around, with banker JP Morgan hired to deal with bids from potential buyers, such as EMC. A bid in the high twenties was …
Chris Mellor, 19 Oct 2012
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Oracle takes an arrow to the EPS: It's that darned strong dollar... again

Oracle is claiming a $9.3bn haul of revenues, up 4 per cent year-on-year, in its third quarter of fiscal 2014 – but that fell short of Wall Street analyst earnings expectations. The company said that on the quarter it saw GAAP earnings per share of $.56, up 8 per cent and just short of the projected 10 per cent increase. Overall …
Shaun Nichols, 19 Mar 2014
LSI WarpDrive SSD

Wall Street gives LSI 16% fist-bump for quadrupling flash revenues

Integrated circuits and storage systems biz LSI scored $622m in revenues in its second 2012 quarter, 26 per cent higher than a year ago and 6 per cent higher than the first quarter after "better-than-expected growth". Profits were $59m, 11 per cent up on the year-ago profit number but $16m less than the first quarter. But the …
Chris Mellor, 27 Jul 2012

Twitter #blabbergasm explodes as shares soar close to $50 on NYSE

A profit-starved Twitter saw its shares debut on the New York Stock Exchange today with a price tag $45.10. The micro-blogging site, which earlier this week issued an explanation to would-be investors about what its service actually offers, set its initial public offering price at $26 last night. First indications from the …
Kelly Fiveash, 07 Nov 2013

eBay warns investors: Don't expect 'em to stuff stockings with our tat

Shares in eBay tumbled in after-hours trading on Wall Street, after the online tat bazaar coughed to a "cautious outlook" for the holiday season in the US. The company alerted investors that it could face a difficult Christmas period and partly blamed the government shutdown for a potential slump in sales. Wall Street reacted …
Kelly Fiveash, 17 Oct 2013
Vodafone Smart

Reports say Vodafone to gobble Spanish cable outfit Ono

Vodafone is about to pay around $US10bn to acquire Spain's Ono, according to several sources. The Wall Street Journal reports the deal will be announced on Monday, with $9.73bn to change hands. Bloomberg offers round $10bn, citing the same folks familiar with the report as does the Journal. Ono is a triple-play operator, …
Simon Sharwood, 17 Mar 2014
Candy Crush Saga

Candy Crush King sees IPO go sour as stock price heads south

Mobile games firm King Digital failed to take the stock market by storm Wednesday as the firm's initial public offering (IPO) saw its stock price decline by more than 15 per cent at close of trading. The company made famous for its Candy Crush mobile game had been seeking a valuation of roughly $7bn wen it offered its shares on …
Shaun Nichols, 27 Mar 2014
The Register breaking news

Yahoo! wows Wall Street with revenue drop

Yahoo!'s revenues took another fall during the fourth quarter - that's the fifth tumble in a row - but they didn't fall quite as much as expected. The beleaguered web portal reported revenues of $1.73bn during Q4, a 4 per cent drop from a year ago. But that's up 10 per cent from Q3, and it beat the expectations of both the Wall …
Cade Metz, 27 Jan 2010
The Register breaking news

Wall Street protest app Vibe is secure enough, cries dev

That new "anonymous Twitter" app we wrote about last week? It is more anonymous than Twitter – but it isn't actually very anonymous. "Vibe isn't like BBM, which is encrypted," New York-based developer Hazem Sayed told The Reg. "This wasn't designed like BBM was for exchanging confidential market information, but we don't have …
Anna Leach, 11 Oct 2011