Articles about wall street

Rap for chat app chaps: Snap's shares are a joke – and a crap one at that

First, we'll look at some quick facts at Snap – the Los Angeles-based developer of Snapchat that debuted on the stock market on Thursday, March 2. Snap's IPO price was set at $17 a share but hit the market at $24.47. Snap's shares were highly unusual in that they didn't give the holders a voting right. Regardless, the first …
Wall St bull image via Shutterstock

Wall Street turns off music at Adobe results after-party

Financial analysts last night ejected everyone from Adobe’s party prematurely as weaker-than-expected forecasts for the current quarter eclipsed the good progress made in cloud services, causing a share dip. The Creative Suite developer reported a 21 per cent bounce in turnover to $1.22bn in its Q3 of fiscal ’15 ended ended 28 …
Paul Kunert, 18 Sep 2015

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

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

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 …
Rik Myslewski, 17 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 …
Iain Thomson, 16 Apr 2014

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

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, 7 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, 6 Feb 2014

Google poised to become world's first TREEELLION DOLLAR company?

Now that 2014 is up and running, you might be looking over your stock portfolio and reevaluating your investment options. If so, one analyst has a bit of advice: go long on Google, which he believes may become the world's first trillion-dollar company. That's trillion. With a "T". As pointed out in a "welcome to the new year …
Rik Myslewski, 3 Jan 2014

Dell exec tells El Reg: Privatization has fired up 'world's largest startup'

SC13 There's a lot of business-building freedom to be gained by escaping the tyranny of the Wall Street moneymen and turning your company into "the world's largest startup," a Dell exec tells The Reg. When a company goes through a major transition as Dell has in its recent oh-so-public wrestling match with activist investor Carl …
Rik Myslewski, 26 Nov 2013

Apple ups revenue estimates in wake of nine million–phone weekend

In a filing with the US Securities and Exchange Commission, Apple has announced that it now expects its revenue to come in at the high end of the range it projected when it announced its financial results for its third fiscal quarter of 2013 this July. In the filing this Monday, Apple CFO Peter Oppenheimer cited the sale of …
Rik Myslewski, 23 Sep 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
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 …
Neil McAllister, 27 Aug 2013

I watched Excel meet 1-2-3, and beat it fair and square

I remember Lotus 1-2-3 very well. It really was as widely used as all the history-of-Lotus stories claim it was. In fact, back around, say, 1984, when almost no software package had a monopoly, Lotus already had its particular niche locked up tightly. That’s right: WordPerfect was still a serious competitor to Microsoft Word …
Dave Mandl, 31 Jan 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 …
Kelly Fiveash, 15 Jan 2013
The Register breaking news

Google shares dive as profits reported down 20%

Google caused something of a stir by releasing its quarterly financials ahead of schedule – and the results aren't good. Net income for the third quarter was $2.18bn, compared to $2.73bn this time last year, with non-GAAP income down to $3.01bn, compared to $3.18bn on the same time period. Overall revenues were up 45 per cent …
Iain Thomson, 18 Oct 2012

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

Create a news alert about wall street, or find more stories about wall street.

Biting the hand that feeds IT © 1998–2018