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Chevron’s Net Income Falls 5 Percent As Oil Prices Slip
SAN RAMON (CBS SF) — Chevron said its net income fell 5 percent in the first quarter as oil prices slipped. Chevron Corp., based in San Ramon, reported that net income fell to $6.2 billion, or $3.18...
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Visa Inc. Beats Earnings, Revenue Projections
FOSTER CITY (CBS/AP) — Visa Inc. says its net income slipped nearly 2 percent in the first three months of this year from a year earlier, when the company benefited from an adjustment to its income tax...
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Facebook Earnings, Revenue Grow 38 Percent In 1st Quarter
MENLO PARK (CBS/AP) – A year ago, Facebook was just testing the waters of mobile advertising, causing plenty of headaches for investors ahead of its massive initial public offering. It has since eased...
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LinkedIn 1Q Revenue Soars, But Outlook Falls Short
MOUNTAIN VIEW (CBS/AP) - LinkedIn’s rapidly rising stock got demoted late Thursday after the online professional networking service released a forecast calling for its earnings growth to slow later...
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Cisco 3Q Net Income Rises 14 Percent
SAN JOSE (CBS/AP) — Cisco says its net income rose 14 percent in the latest quarter, and says it is seeing “some good signs” in the U.S. and other markets. The maker of computer networking equipment...
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10 Percent Revenue Slide Adds To Woes For Slumping Hewlett-Packard
PALO ALTO (CBS/AP) - Hewlett-Packard is still scrambling to meet the growing demand for more versatile and less expensive mobile devices as a slump in its personal computer sales deepens, but the...
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Gap’s 1st-Quarter Profits Rises 43 Percent
SAN FRANCISCO (CBS/AP) – Gap Inc. is reporting a 43 percent increase in first-quarter earnings as the clothing chain’s turnaround continues. The San Francisco-based clothing retailer, which operates...
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Lower Costs Help Lift Wells Fargo’s 2nd Quarter Profit
SAN FRANCISCO (CBS / AP) — Lower expenses and fewer bad loans helped lift Wells Fargo’s second-quarter profit by 20 percent, the company reported Friday. The cost-cutting and improved loan quality...
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Yahoo’s 2nd Quarter Earnings Rise 46 Percent, Revenue Sinks
SUNNYVALE (CBS/AP) – Yahoo’s second-quarter results aren’t giving Marissa Mayer a lot to celebrate as she completes her first year running the Internet company. The numbers released Tuesday show Yahoo...
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Google Stumbles In 2nd Quarter As Slump In Ad Rates Deepens
MOUNTAIN VIEW (CBS/AP) – Google’s financial performance faltered in the second quarter as a downturn in the Internet search leader’s ad prices deepened. The results announced Thursday show Google is...
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Apple 3rd Quarter Earnings Fall 22%; Revenue Flat
CUPERTINO (CBS/AP) – — Apple’s sales of older, less expensive iPhones climbed in its latest quarter, highlighting the challenges facing the world’s most valuable technology company as it tries to...
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Facebook 2nd Quarter Results Soar Past Expectations
PALO ALTO (CBS/AP) - Facebook’s stock was flying high after the world’s biggest social network posted higher revenue from mobile ads and delivered a healthy second-quarter profit that reversed a loss...
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LinkedIn’s 2Q Earnings, Revenue Top Street Views
MOUNTAIN VIEW (CBS/AP) – LinkedIn’s second-quarter net income rose 33 percent as the online professional networking service’s membership growth accelerated. The performance announced Thursday burnished...
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Tesla Shares Jump On Lower 2nd Quarter Losses
PALO ALTO (CBS/AP) – Electric car maker Tesla reported a narrower loss for the second quarter on Wednesday, sparking an after-hours rally in its stock. The Palo Alto company reported after the close of...
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Virgin America Posts 2Q Profit As Traffic Rises
Virgin America (credit: Josh Edelson/AFP/Getty Images) BURLINGAME (CBS SF/AP) – Virgin America posted a rare quarterly profit Wednesday, reflecting more people flying and falling fuel prices. San...
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Cisco To Cut 4,000 Jobs Due To Slow Growth
SAN JOSE (CBS SF) — Cisco announced it would lay off some 4,000 workers beginning in the first quarter of 2014. The number represents about five percent of the San Jose-based company’s workforce. In a...
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Oracle 1Q Profit Rises 8 Percent, Tops Wall Street View
REDWOOD SHORES (CBS/AP) — Higher software revenue helped lift Oracle Corp.’s fiscal first-quarter net income by 8 percent. The business software maker’s adjusted profit beat Wall Street predictions,...
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Safeway 3Q Earnings Beat Expectations
PLEASANTON (CBS SF) – Safeway said Thursday its third-quarter net income fell 58 percent, hurt by a software impairment charge, higher theft and lower property gains. Results beat expectations however...
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EBay 3rd Quarter Earnings Top Expectations; Revenue Misses
SAN JOSE (CBS/AP) — EBay’s third-quarter earnings edged past analysts’ expectations, but revenue rose just short of estimates. The company’s profit and revenue outlook for the current quarter through...
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Netflix’s 3Q Earnings Quadruple As Subscriber Rolls Swell
LOS GATOS (CBS/AP) – Netflix’s earnings quadrupled as its line-up of original programming helped the Internet video subscription service attract 1.3 million more U.S. subscribers during its latest...
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Carl Icahn Sells Huge Chunk Of Netflix Stock
LOS GATOS (CBS/AP) – Activist investor Carl Icahn sold more than half of his Netflix stake for a 457 percent profit. He says he and funds run by his son and a partner bought the shares for about $58...
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LinkedIn Posts 3rd Quarter Net Loss But Revenue Grows
MOUNTAIN VIEW (CBS/AP) – LinkedIn Corp. posted a loss for the third quarter on Tuesday, but the results were stronger than Wall Street expected as the professional networking service boosted its user...
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Facebook 3rd Quarter Results Fly Past Expectations
MENLO PARK (CBS/AP) – Facebook’s stock is soaring after the company reported a 60 percent revenue increase in the third quarter thanks to mobile advertising growth. The numbers beat Wall Street’s...
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Tesla Shares Drop As 3rd Quarter Earnings Fall Short
PALO ALTO (CBS/AP) - Tesla Motors’ high-flying stock tumbled 12 percent in after-hours trading Tuesday after the electric car maker’s third-quarter results fell short of expectations. Tesla said it...
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Gap Offers Upbeat 3rd Quarter Profit Outlook
SAN FRANCISCO (CBS/AP) – Gap Inc. offered an upbeat profit outlook for its third quarter as the clothing chain announced a solid October increase for a key sales yardstick that surpassed analysts’...
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Pandora Posts 3Q Loss, Revenue Up 50 Percent
OAKLAND (CBS SF) – Shares of Pandora Media Inc. are dropping after the Internet radio leader’s outlook for the three months through January was mostly short of Wall Street’s forecast. The company on...
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Apple 1st Quarter Results Fall Short Of Expectations; Stock Drops
CUPERTINO (AP) – Apple’s holiday season proved to be a disappointment even though the company sold a record number of iPhones and iPads during its latest quarter. The fiscal first-quarter earnings...
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Facebook Earnings Jump; Mobile Ad Revenue Eclipses Desktop
MENLO PARK (CBS SF) – Facebook’s quarterly earnings and revenue grew and surpassed expectations as the company expanded the number of users and the amount of money it makes on mobile ads. Facebook Inc....
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Twitter Stock Slides Despite Beating Wall Street Guidance
SAN FRANCISCO (CBS/AP) – Twitter beat Wall Street’s earnings and revenue expectations in its first quarter as a public company. But investors were looking for even more and the company’s stock dipped...
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Pleasanton-Based Safeway In Talks Over Possible Sale Of Company
PLEASANTON (CBS/AP) – Safeway says it’s in talks to possibly put itself up for sale. The Pleasanton-based supermarket operator says that discussions are ongoing but that it hasn’t yet reached an...
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Big Jump In Ad Revenue Powers Strong Earnings Report From Facebook
MENLO PARK (CBS/AP) – Facebook’s first-quarter earnings and revenue grew sharply, surpassing Wall Street’s expectations thanks to an 82 percent increase in advertising revenue. The social network said...
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LinkedIn Posts 1st Quarter Loss As Investment Expenses Rise
MOUNTAIN VIEW (CBS/AP) – LinkedIn (LNKD) suffered a first-quarter loss as the online professional networking service ramped up its investments in projects aimed at attracting more users on the lookout...
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San Ramon-Based Chevron Sees Income Slip After Production Decrease
SAN RAMON (CBS/AP) – Chevron Corp. (CVX) says its net income fell 27 percent in the first quarter because of lower global oil prices and decreased production of oil as a result of bad weather. Chevron...
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Gilead Profit Soars Into The Billions, Fueled By Hepatitis C Drug That Costs...
FOSTER CITY (CBS SF) — The maker of a hepatitis C drug that costs about $1,000 per pill on Wednesday delivered a quarterly earnings report that shattered expectations, showing the company tripled its...
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Bay Area Bryman For-Profit Colleges Close With Little Notice To Students
SAN FRANCISCO (CBS SF) — Bryman College Monday closed BioHealth College in San Jose and its other for-profit colleges in Hayward, Los Angeles, San Francisco and San Jose, according to the California...
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Tesla CEO Elon Musk: Company Unlikely To Turn A Profit Until 2020
DETROIT (CBS SF/AP) – Tesla Motors CEO Elon Musk said he expects the company to turn a profit in five years, after it brings a lower-cost car to market. Speaking at the Automotive News World Congress...
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‘Nonprofit’ Stanford Hospital Among Top U.S. Hospitals Profiting Off Patients
PALO ALTO (CBS SF) — Stanford Hospital and Clinics in Palo Alto and Sutter Medical Center in Sacramento are two of the most profitable U.S. hospitals, yet both hospitals carry the “nonprofit”...
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Tesla Surprises With 3Q Profit
DETROIT (CBS SF/AP) — Electric car maker Tesla Motors has posted its first quarterly profit in three years. Tesla reported net income of $22 million, or 14 cents per share, in the third quarter, up...
View ArticleTwitter Makes Money For First Time Ever, But Problems Remain
SAN FRANCISCO (AP) — Twitter made money for the first time in its nearly 12-year history, a milestone that satisfied investors in the short term but might not resolve the company’s broader problems any...
View ArticleWhile Losses Mount, Uber CEO Expects Profitability In 2021
NEW YORK (AP) — The losses at Uber are mounting, but the ride-hailing heavyweight now predicts it will be profitable in about two years. CEO Dara Khosrowshahi said Monday that the San Francisco-based...
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