Category: earnings

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May 2, 2019

Once a major name in smartphones, LG Mobile is now irrelevant — and still losing money

LG was once a stalwart of the smartphone industry — remember its collaboration with Facebook back in the day? — but today the company is swiftly descending into irrelevance. The latest proof is LG’s Q1 financials, released this week, which show that its mobile division...


by Jon Russell in Asia
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April 24, 2019

Facebook reserves $3B for FTC fine, but keeps growing with 2.38B users in Q1

A massive penalty hangs over Facebook’s head, but it otherwise had a very strong Q1 earnings report. Facebook reached 2.38 billion monthly users, up 2.5 percent from 2.32 billion in Q4 2018 when it grew 2.2 percent, and it now has 1.56 billion daily active...


by Josh Constine in Advertising Tech
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April 23, 2019

Snapchat fully rolls out reengineered Android app, boosting usage

After a year of its user count shrinking or staying flat, Snapchat is finally growing again, and more growth is likely on the way. That’s because it’s finally completed the rollout of Project Mushroom, aka a backend overhaul of its Android app that’s 25 percent...


by Josh Constine in Apps
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April 23, 2019

Verizon Q1 beats analyst expectations with earnings per share of $1.22

Verizon just released its first quarter earnings report, with earnings per share that came in significantly ahead of analyst expectations, while revenue was right in line with predictions. The company reported EPS of $1.22 per share (or $1.20 when adjusted to exclude a 2 cent...


by Anthony Ha in earnings