Tag Archives: Profits

Alphabet’s earnings call was yesterday, and as usual, the company took in a lot of money ($86.31 billion), thanks mostly to ad click-through rates being at a certain level. More interesting, though, are the product numbers tucked away in the report. For the good news, a big announcement was the success of one of Google’s biggest subscription plans, Google One, which CEO Sundar Pichai said is “just about to cross 100 million… Source link

[unable to retrieve full-text content]More US retailers adopt ‘keep it’ returns policies to shelter profits in holiday surge  Yahoo Finance Source link

[unable to retrieve full-text content]Yandex’s Q2 profits fall as costs rise versus 2022 ‘anomaly’  Reuters Source link

By Alexander Marrow and Gleb Stolyarov (Reuters) -Russian tech giant Yandex reported a 27% fall in second-quarter profits on Thursday as costs rose from a year earlier when the company tightened spending in the immediate aftermath of Russia’s invasion of Ukraine. Often dubbed “Russia’s Google”, Yandex has struggled to balance domestic pressures with the interests of its Western investors since Russia sent troops into Ukraine in February 2022. Yandex’s adjusted net income dropped to 9.6 billion… Source link

[unable to retrieve full-text content]Apple, Google profits squeezed on China, sluggish economies  Al Jazeera English Source link

Google’s cloud computing unit on Thursday made sweeping changes to its leadership, including replacing its top U.S. sales executive and one of her lieutenants, according to people with knowledge of the situation. The changes, announced to employees, include the departure of Kirsten Kliphouse, the top U.S. sales executive. She is being replaced by Adaire Fox-Martin, previously the president of Google Cloud International and the head of Google’s Ireland office. Fox-Martin, who joined… Source link

Target stores are getting looted, and it’s taking a huge bite out of profits. The discount retailer told reporters on a call to discuss its third quarter earnings results that inventory shrinkage — or the disappearance of merchandise — has reduced its gross profit margin by $400 million so far in 2022. “There’s a handful of things that can drive shrink in our business and theft is certainly a key driver,” Target CFO Michael Fiddelke said. “We know we’re not alone across retail in seeing a… Source link

Best Buy has become the latest big-name retailer to badly overestimate consumer demand as recession fears mount and shoppers pullback on discretionary purchases. The electronics retailer slashed both its second-quarter and full-year financial forecasts late Wednesday, sending shares lower by 4% in after-hours trading. Best Buy’s downward revisions are tough on the eye to say the very least: 2Q Same-Store Sales: -13% (previous: about -8%) 2Q Operating Margin: 3.7% (vs. 6.9% in second quarter of… Source link

After a record-breaking 2021 with annual revenue of $257 billion — the first time it has gone over $200 billion for a year — Google’s parent company reports in a filing (pdf) that it has started off 2022 with Q1 revenue that’s up 23 percent from the same period last year, reaching $68 billion. However, with expenses up compared to 2021, its net profit actually dropped to $16.4 billion compared to last year’s $17.9 billion. In an accompanying statement, Google and Alphabet CEO… Source link

The Google app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Summary Law firms Related documents Proposed class action says Google misuses restaurant names to divert delivery orders Restaurants say they never authorized Google to sell their food (Reuters) – Alphabet Inc’s Google has been making unauthorized pages for restaurants and using them to take a cut of fees… Source link