Tag Archives: Decline

In the second quarter, Facebook reported 10% growth in ad revenue while Google’s declined. Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images The headwinds of Covid-19’s economic impact in the second quarter were strong enough to slow down even the ad-funded tech giants. In its second-quarter results released today, Facebook reported $18.7 billion in revenue, an increase of 11% despite the slowdown of advertising spend as… Source link

The internet giant on Thursday reported nearly $38.3 billion in revenue for the second quarter, down 2% from the year prior. Still, revenue was slightly higher than the $37.4 billion Wall Street analysts had expected. The company posted net income just shy of $7 billion, which also beat analysts’ projections. “We continue to navigate through a difficult global economic environment,” Alphabet CFO Ruth Porat said in a statement with the earnings report. Source link

Google parent company Alphabet warned in last quarter that it was expecting to see the impact of coronavirus in the second quarter results, and it was: the company saw its first revenue decline in its history. But it managed to beat Wall Street’s revenue expectations. Total revenue for the quarter was $38.3 billion, versus the $37.4 billion expected, but that marks a 2 percent decline from the second quarter of 2019. Net income dropped from $9.9 billion a year ago, to $6.9 billion…. Source link

Wall Street expects a year-over-year decline in earnings on lower revenues when Yandex (YNDX) reports results for the quarter ended June 2020. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July… Source link

Wall Street expects a year-over-year decline in earnings on lower revenues when Yandex (YNDX – Free Report) reports results for the quarter ended June 2020. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report,… Source link