Articles about Wall Street

Teradata tumbles off Wall Street pedestal, buys back paper

Big data and data warehouse shop Teradata has fallen from Wall Street grace with a Q1 revenue and profits miss. First quarter 2015 revenues of $582 million were 7.3 per cent down on the year-ago quarter's $628 million. The $22 million net income was 63 per cent less than the $59 million recorded a year ago. In the prior quarter …
Chris Mellor, 07 May 2015
Red Hat

Wall Street tips fedora to Red Hat: Sales up, profit flat, everybody dance

Red Hat's shares are on the up after the Linux distro maker beat Wall Street's expectations in its fourth financial quarter, ended February 28. The North Carolina biz reported revenues up 16 per cent during the three-month period, compared to the same period the year before, and up 17 per cent for the whole year, even accounting …
Iain Thomson, 26 Mar 2015

Wall Street watchdog publishes its ultimate rules on Bitcoin biz

The New York State Department of Financial Services (DFS) — the financial regulator for Wall Street — has released its final regulations for Bitcoins. The BitLicense Framework will regulate the use of digital currency in New York and tries to strike a balance between preventing fraud while staying open to innovation in a rapidly …
Kieren McCarthy, 03 Jun 2015
Lock security

Hacker claims breach of Wall Street Journal and Vice websites, punts 'user data' for sale

A hacker known for attacking news websites has claimed successful hacks against both the Wall Street Journal and Vice. An individual going under the handle "w0rm" posted screenshots in a bid to substantiate his claims of hacks against the WSJ (here) and Vice (here) before offering to sell stolen databases from both publications …
John Leyden, 22 Jul 2014
Google logo

Google dangles $70m before new CFO to lure her from Wall Street

It took a $70m golden hello to entice Ruth Porat – Google's new chief financial officer – away from her role at Morgan Stanley. According to a filing with the US Securities and Exchange Commission, the material terms of Ruth Porat's offer letter included not only an annual base salary of $650,000, but also a set of three grants …

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

Updated 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
SOURCE: http://www.sxc.hu/photo/959469

Wall Street woes: Oh noes, tech titans aren't using bankers

Worstall on Wednesday There was much astonishment over at the New York Times as it explained that the big Silicon Valley tech firms, the Googles, Apples, Facebooks, aren't using the traditional services of the Wall Street bankers as they make their acquisitions. There are a number of reasons for this. As to whether this is all a good idea or not, …
Tim Worstall, 20 Aug 2014

Tech Data: screw you Wall St, we're a high flying distie

Walloping Wall Street expectations is becoming a bit of a habit for Tech Data - tighter cost controls beefed up operating profit, and higher than expected sales led to a double digit spike in the share price. The world’s second largest tech distie suffered at the hands of currency exchange rates - like the rest of the US-based …
Paul Kunert, 21 Aug 2015
Red Hat 100 Dollar

Red Hat to Wall Street: I came here to chew FeedHenry and kick some ass. And I'm all out of FeedHenry

Red Hat surprised analysts with very strong earnings for the second quarter of its fiscal 2015 on Thursday, even as the Linux vendor looked to enter the enterprise mobile apps market with a €63.5m ($82m) acquisition. The Wall Street wizards were expecting Red Hat to report revenues of $437.13m but it beat that figure handily, …
Neil McAllister, 19 Sep 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
wall_street

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
Wall St bull image via Shutterstock

The Hound of Hounslow: No $40m Wall Street wobbler

I'm keen on energy efficiency. Some would also describe me as a cheapskate (I'd sue 'em all if I could find a cheap lawyer.) In our living room we have nice (cheap) pair of lined, M&S curtains with a (cheap) solar reflective blind hanging behind on the same hooks, which helps keep the room lovely and cosy in winter and cool in …

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
Google UK office logos

>Ring, ring< Hey Wall St. Yeah, it's Google. Yeah, bad news again, fellas

Google missed analysts' earnings estimates for the sixth quarter in a row on Thursday, despite the fact that its actual performance for the three months ending on March 31 was more than respectable. As usual, one has to wonder whether Wall Street isn't being just a bit over-optimistic about the online ad-slinger's prospects. …
Neil McAllister, 23 Apr 2015

Flash daddy SanDisk: Revenues up, but Wall St unimpressed

SanDisk's third 2013 quarter showed a healthy annual and quarterly increase but subdued profits, while Fusion-io integration costs and mis-met Wall Street expectations sent the shares down a tad. Revenues were $1.75bn – a record. They were $1.63bn a year ago, meaning a seven per cent increase, and the same in the second 2014 …
Chris Mellor, 17 Oct 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
Red Hat Enterprise Linux

Red Hat CFO reaches for eject cord after Street-beating performance

Red Hat chief financial officer Charlie Peters announced on Wednesday that he's stepping down from the company, even as it reported another quarter of strong earnings that beat even its own guidance. The Linux kingpin reported $455.9m in total revenues for the third quarter of its fiscal 2015, which outperformed Wall Street's …
Neil McAllister, 19 Dec 2014

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
wall_street

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
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

Giant advertising, sorry, 'Search' firm Google makes BILLIONS - but not enough for Wall St

Google did manage to shrink its dependency on advertising in the third quarter of fiscal 2014 – albeit slightly – but lest you doubt what the online giant's actual business is, ads run mainly beside other people's content still accounted for 89 per cent of its sales. And as has been the case for many consecutive quarters, sales …
Neil McAllister, 16 Oct 2014

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
wall_street

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
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
Oracle headquarters

First day of Hurd'n'Catz at Oracle: It's dis-fur-pointing for Wall St

Oracle posted results that missed analysts' expectations yet again on Thursday, in a Q1 2015 earnings report that was all but overshadowed by the unexpected news that Larry Ellison has stepped down as CEO. Revenues for the quarter were $8.60bn, a scant 2.68 per cent gain over the same period a year ago and below even the lowest …
Neil McAllister, 18 Sep 2014

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
big droplets falling from rain cloud

Backup biz CommVault to Wall St: Cheer up, lads. We just need MORE SALES REPS

Results are in for CommVault, whose final 2014 quarter showed a revenue rise and a slight drop in profits, missing Wall St's estimates. But the biggest surprise to analysts was its concession that it had "under-hired" in Q4. The Simpana data protection and archiving software shipper found analysts were not sympatico when it …
Chris Mellor, 28 Apr 2014
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
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

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

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
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
michael_dell

Dell, the man, prevails in quest to wrest Dell, the company, from Wall Street

Analysis 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, …

Wall Street's internet darlings require an endless supply of idiots

Dinner Party Punchup The following stories have one thing in common. Can you guess what it is around the dinner table this evening with your friends? Last week Samsung announced the acquisition of a crowd-funded startup called SmartThings for $200m. USA Today wrote that the deal “has also once again validated the power of crowdsourcing platform …
Andrew Orlowski, 23 Aug 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

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
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

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
Photo of a stack of $100 bills

Slack raises $160m from investors, gets mega $2.8bn valuation

Workplace chat app Slack has confirmed it has raised $160m (£106m), valuing the company at $2.8bn (£1.9bn), according to reports. The Slack service allows employees to create and manage internal message boards for individual projects and departments. Previously the company was valued at a mere $1.2bn (£800m). In an interview …
Kat Hall, 17 Apr 2015
willy wonka oompa loompa

Peak Google? Chocolate Factory cuts costs amid dwindling growth

Google is curbing staff recruitment and introducing a number of penny-pinching efficiency practices to try and gets its profit growth back on track, according to reports. A number of recruiters, venture capitalists and employees told the Wall Street Journal the Chocolate Factory is casting an increasingly critical eye over its …
Kat Hall, 14 Jul 2015
Microsoft campus

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
Fixed toy octopus

Googley TENTACLES reach towards YOUR email

Google is in talks to allow advertisers to target ads in search results using existing customers' email addresses, according to reports. The ad flinger has suggested that advertisers hand over customer information such as email addresses as part of moves to track users’ online and offline activities for marketing purposes, …
Kat Hall, 15 Apr 2015

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

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

Big trouble in big China: Crashing economy in Middle Kingdom body slams US tech stocks

The Dow Jones Industrial Average shed more than 1,000 points in the first few minutes of trading on Monday, as the effects of China's economic woes spilled over onto Wall Street. China's Shanghai Composite index plummeted by 8.7 per cent – its biggest one-day drop since the global financial crisis of 2007 – sending waves into …
Neil McAllister, 24 Aug 2015
eBay

eBay about to put part of self on eBay

eBay is about to sell off its enterprise services unit, according to folks whispering in the ear of The Wall Street Journal. The journal names private-equity outfit Permira as the buyer and suggests the company's pen is poised over a cheque with US$900m written in the “amount” field. Ebay Enterprise, as the division is known …
Simon Sharwood, 16 Jul 2015

Embarrassed Amazon admits to actually MAKING MONEY as cloud biz blooms

Wall Street got a nasty Q2 shock today from Amazon, which announced an unexpected profit driven largely by its cloudy AWS business. Total net sales for the three months ending on June 30 were $23.19bn, a 19.9 per cent year-on-year gain that ran right past financial analysts' estimates. But the real surprise was that the …
Neil McAllister, 23 Jul 2015