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TECHNOLOGY

Roku Collapses Despite Beating on Revenue and Earnings in Q3

By Editor / November 12, 2018 / 0 Comments

Shares of streaming device maker Roku were tanking following the company’s third quarter financial report despite beating on both the top and bottom line. The stock had one of its worst trading days on record. For the third quarter, Roku reported a loss per share of 9 cents while analysts were waiting for a loss…

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Tesla Has Found a New Chairwoman to Take Elon Musk’s Place

By Editor / November 12, 2018 / 0 Comments

It was in the middle of October that US District Judge Alison Nathan approved a settlement between Tesla CEO Elon Musk and the Securities and Exchange Commission. As part of the terms, Musk may no longer lead the company’s board of directors and was given 45 days to resign as chairman. He also may not…

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Square Beats on Top and Bottom Line but Disappoints on Guidance

By Editor / November 12, 2018 / 0 Comments

Payments company Square reported its third quarter financial results revealing a win on both the top and bottom line but a miss on guidance for the fourth quarter. For the upcoming quarter, Square expects to earn between 12 and 13 cents. Analysts were waiting for 15 cents however. The  San Francisco-based Square, which is run…

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Disney Announces Earnings and Names its New Streaming Service

By Editor / November 12, 2018 / 0 Comments

Disney reported its fourth quarter financial report that beat what analysts were expecting. For the quarter the company reported earnings per share of $1.48 versus the $1.34 expected by Wall Street. Revenue also beat easily at $14.31 billion compared to the $13.73 billion expected. Analysts chimed in on what they thought of the company’s earnings…

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MoviePass Rival AMC Sees a Loss in Q3 and Raises the Price of its Ticket App

By Editor / November 12, 2018 / 0 Comments

Movie theater company AMC reported its third quarter results recently and also announced that it will be increasing the price of its MoviePass-style subscription service, Stubs A-List, which allows members to see up to three movies a week, including IMAX and Dolby. AMC announced that it would be raising the price of the service, which…

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