In the last week, companies like Walt Disney (DIS), Allergan (AGN), Electronic Arts (EA) and KLA Tencor (KLAC) beat estimates, only to drift or fall. The tepid response comes amid fears about a renewed trade war with China, plus buyer fatigue after four months of solid gains.
Q2 Holdings is growing rapidly and reached revenue of $194 million by the end of 2017. Though the company remains unprofitable, it expects organic revenue growth to accelerate to 26% year-over-year in Q4 2018.
Analysts expected a hike of 14 cents per share in Twitter’s Q3 earnings, but Twitter upped that to 21 cents per share. Refinitv ran a speculative survey that proposed revenues of $702.6 million but again, Twitter overreached, coming in at $758 million. Twitter’s user base is well below Facebook, but the platform is taking measures to enhance active use. It was thought user numbers for Q3 would hit 330.1 million, but they fell behind at 326 million.
Apple (AAPL) has appreciated 22 percent since the end of June. That makes it the second-best performer in the SPDR Technology Fund (XLK), with only Advanced Micro Devices (AMD) faring better.
Like its other telco rivals, Telstra operates in an ultra-competitive market with thinning margins and high-capital infrastructure spend. With competitors – including Optus, TPG Telecom Ltd (ASX: TPM) and Vodafone – spending big on new technology and aggressively pursuing new users and as clients become more choosy when it comes to their telco providers, Telstra faces a lot of challenges on several fronts.
Dropbox Inc. is a San Francisco-based cloud storage company which listed on the NASDAQ on the 23rd of March 2018, a Friday ending the S&P 500’s worst week in more than two years amid talks of a global trade war and interest rate rises. Despite this, Dropbox saw gains of 35% on its first day with a valuation of over $US11bn.