Articles about Wall Street

As promised, AMD posts disappointing financial results

AMD has released its financial results for its second quarter 2012, and as they had warned earlier this month, revenues dipped by 11 per cent from the previous quarter, hitting $1.41bn. "Overall weakness in the global economy, softer consumer spending and lower channel demand for our desktop processors in China and Europe made …
Rik Myslewski, 19 Jul 2012
Facebook logo

Nearly 2 MILLION US Facebook users quit social network

Shares in Facebook continued to slide on Tuesday, after an analyst claimed the dominant social network had seen a modest drop in its userbase. Capstone Investment's Rory Maher said Mark Zuckerberg's company suffered a 1.1 per cent fall in US users over the last six months. The number of European Facebookers had also declined, …
Kelly Fiveash, 18 Jul 2012
interview_suit_and_tie

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

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, 6 Mar 2012
The Register breaking news

Facebook files for IPO, seeks $5bn

As expected, Facebook has announced the terms of its initial public offering and is looking to raise $5bn. In the firm’s SEC S1 filing the company reported revenues of this year of $3.7bn, up from $2bn in 2011, while income has just hit $1bn, from $606m last year. The site reported 845 million monthly active users and 483 …
Iain Thomson, 1 Feb 2012
The Register breaking news

Apple tops estimates with earnings leap of 118 per cent

Apple blew past even the most optimistic Wall Street earnings estimates for the first quarter of its fiscal 2012, posting revenues of $46.33bn, resulting in a quarterly net profit of $13.06bn, or $13.87 per share. "We're thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs," said CEO Tim …
Rik Myslewski, 24 Jan 2012
fingers pointing at man

AMD beats analysts' bets with profitable quarter

AMD beat the Street when reporting its financial results for the third quarter of 2011, with earnings per share of 13¢ on revenues of $1.69bn. According to Thompson Reuters, the consensus of 29 professional analysts was that AMD would report earnings per share of 10¢ on revenues of $1.65bn. "Strong adoption of AMD APUs drove …
Rik Myslewski, 27 Oct 2011
channel

Apple slips, moneymen pounce

Apple has released its financial results for its fourth fiscal quarter, and in doing so it handed conservative Wall Street prognosticators a rare win: Cupertino failed to meet or exceed analysts expectations for the first time in many a moon. On Monday, Fortune averaged a number of independent analysts's predictions and came …
Rik Myslewski, 18 Oct 2011
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
The Register breaking news

Facebook value hits $100bn, to go public in Q1 2012

Facebook's valuation grew even larger yesterday, after a CNBC report suggested that share-watchers on Wall Street expected to see the company's planned IPO pop the $100bn mark. CNBC reckoned the dominant social network could take Facebook public in the first quarter of 2012, with an S-1 filing that might land as soon as …
Kelly Fiveash, 14 Jun 2011
The Register breaking news

Elon Musk prepares SpaceX rocket firm for IPO

Famous upstart startup firm SpaceX, soon to deploy the biggest rocket seen since the days of the Apollo programme, will shortly go public. However its founder, colourful nerdwealth geek-icon biz kingpin Elon Musk, seems likely to retain a controlling interest. Hints had emerged previously that Musk might seek further funding …
Lewis Page, 12 May 2011
cloud

Intel reports record first quarter

Intel's first-quarter 2011 revenue set a new company record at $12.8bn, exceeding the Wall Street moneymen's predictions and causing Chipzilla's stock to pop up as high as six per cent in after-hours trading. "The first-quarter revenue was an all-time record for Intel fueled by double digit annual revenue growth in every major …
Rik Myslewski, 19 Apr 2011
arrow pointing up

Ex-top disk dog down in the revenue dumps

Seagate has announced preliminary third quarter results 11.5 per cent lower than a year ago, with 1.3 million fewer disk drives shipped, but announced it is going to begin making dividend payments. Happy investors have boosted its shares by 9.12 per cent to $16.03. Seagate said for its third fiscal 2011 quarter, ending April 1 …
Chris Mellor, 8 Apr 2011
The Register breaking news

More heads roll at AMD

Two more executives are being shown the door at chip maker Advanced Micro Devices – but two others will be getting juicy bonuses. This morning after Wall Street opened, AMD filed an 8K form with the Securities and Exchange Commission that said Robert Rivet left AMD on February 8. Rivet joined AMD as chief financial officer in …
The Register breaking news

LinkedIn to go public this year

LinkedIn Corp confirmed yesterday that the company will go public this year. The decision by LinkedIn, which was founded in 2002, to snuggle up to Wall Street is significant because it's the first such social network to make the jump this year. Plenty of noises have been coming out of the Facebook camp, which recently …
Kelly Fiveash, 28 Jan 2011

Overclocking for servers

SC10 Bring up the topic of overclocking to the major system manufacturers and you hear a variety of responses ranging from ‘we’re plenty fast enough now – take a look at our _____ (insert benchmark here) that’s enabled by our use of ___________(insert techno feature here)” to “it’s just not safe, son, and our customers need to be …
The Register breaking news

Apple hit by iPad sales guessing game

Comment So who exactly forecast Apple's fourth quarter - equivalent to calendar Q3 - iPad sales would be so much higher than the 4.19m the company last night announced that it had shipped during the period? Someone must have done, to prompt all the stories appearing across the internet suggesting that Apple's iPad sales were "lower …
Tony Smith, 19 Oct 2010
graph up

America sacks 240,000 in October

The US Department of Labor released its monthly jobs report just before Wall Street opened this morning, and the news is worse than expected. The expectation was that American companies would cut 200,000 jobs in October, but businesses freaked out a little more than expected and chopped 40,000 additional people from the …

Create a news alert about Wall Street, or find more stories about Wall Street.

Biting the hand that feeds IT © 1998–2017