NEW YORK— Shares of GameStop skidded Friday after the video game retailer reported strong second-quarter results but gave a forecast that disappointed Wall Street. GameStop said sales of downloadable content for "Batman: Arkham Night" and "Witcher 3" powered its results, and the company's adjusted profit and revenue came in above Wall Street estimates.» Read More
The fact is, Apple has beaten the Street for the past seven straight quarters, and there's every indication that the company will do so again this time around. And yet the stock still languishes.
Minutes after reporting this news, the company offered up a revision to its full year earnings per share and the bump up is significant. Remember, IBM did this at the conclusion of its first quarter, taking EPS estimates up from $8.25 to $8.50.
Microsoft reported fourth-quarter earnings of 46 cents per share on revenue of $15.84 billion -- falling short of analyst estimates.
Looking a little deeper, the company's web site gross revenue failed to meet expectations: $3.53 billion versus the range of $3.54 billion to $3.57 billion. Networks site revenue was in line at $1.66 billion.
Here's the classic multi-national tech company, the bellwether for so many different reasons, and at a time when just about everyone is worried about domestic recession, a global economic slowdown...
Microsoft will report its fourth fiscal earnings quarter after the bell today, and investors will be keenly watching guidance to make sure the company wasn't too aggressive in its forecasts the last time around.
Google shares might not reflect the level of optimism swirling around this company right now, but this could be a break-out earnings report from Google after the bell later today.
This was a big quarter for Intel, no matter how you slice. But while shares soared the moment this earnings news crossed the wires, as they did last quarter, they quickly settled back. Again. As Wall Street worries about computer industry sluggishness. Again. Even though Intel isn't seeing that. Again.
Dow component Intel reports earnings after the bell later today, and while I touched on expectations yesterday, I want to go a little deeper today, especially with a market like this one.
It's getting nasty now. And all indications are this is going to come down to a nasty fight and long day at the Yahoo shareholders meeting Aug. 1. By now, you've seen the coverage of last week's last minute wrangling between Carl Icahn, negotiating apparently as a kind of proxy for Microsoft's Steve Ballmer.
Alcoa may have kicked off earnings season last week, but this week, the biggest names in the tech sector take center stage: Intel and IBM tomorrow: eBay Wednesday; Microsoft and Google on Thursday.
Iphone's first weekend is in the books and while three days of sales hardly determines the entire story, it is an important "split time" that Apple investors should consider. Piper Jaffray concluded its channel checks late Sunday and determined that Apple and AT&T spacersold 425,000 iPhones this weekend:
Shares of Cisco Systems fell 5 percent on Wednesday after CEO John Chambers told Reuters many of his customers see the economy picking up early next year rather than later this year.
Let me focus on something that deserves a lot more attention: the upcoming Apple App Store, a new online Apple store that will post and sell third party software applications. And, if you believe iPhone's sales projections in the coming years, App could match or rival iTunes as a revenue stream down the road.
Just days away now from the release of Apple's next generation iPhone, the so-called iPhone 3G. And if the first one was dubbed the "Jesus Phone" because of the overwhelming hype, hope and promise of that device, then this new one is quite literally iPhone's Second Coming.
The plot thickens, the noose tightens, and when it comes to Yahoo and Microsoft, the "Little Merger That Couldn't," shareholders this morning, trying to climb this hill, are probably saying "I think 'I-cahn, I think 'I-cahn.'"
I'll say from the outset that I have great respect for the Wall Street Journal. But I, along with a number of folks following the Yahoo/Microsoft will-they-or-won't-they drama are wondering what the point is of today's splashy, front-page tome purporting to break new ground about a new deal to grab a chunk of the company.
Today's the day. Well sort of. Bill Gates will retire from Microsoft, kind of. He's leaving the day-to-day responsibilities to others. But not really.
Microsoft's Bill Gates told NBC's Tom Brokaw he does not think a deal with Yahoo was likely, CNBC reported on Friday.
This might be more a leap of faith, but it's a leap worth considering for both Intel and Apple, especially after the blogs have been awash this week about speculation over Intel's resistance to upgrade 80,000 employee computers to Microsoft's Vista.
Matt Hunter is the senior technology editor at CNBC.com.
Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.
Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.
Josh Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.