Company Results

Yelp Trims Third Quarter Earnings Forecast Also Announces Departure of Its Chairman

Yelp Trims Third Quarter Earnings Forecast Also Announces Departure of Its Chair

Yelp Inc, the company that operates Yelp.com, the consumer review website reported a loss in the latest quarter which ended in June and also lowered its revenue forecast for the ongoing quarter. It cited slow sales rate and phasing out of its brand-advertising product as reason for the unexpectedly lower results.

Baidu Profits in Second Quarter Offset by Higher Expenses

Baidu Profits in Second Quarter Offset by Higher Expenses

Although higher expenses took a toll on the overall earning in the second quarter, the profits of the Baidu increased 3.3%.

Baidu Inc. the Chinese search giant says that it will continue spending in order to promote its development into linking its online consumers with offline services like group buying, food delivery along with other related services.

Swiss bank Vontobel Announces 24 Percent Increase in Profit in the First Half of the Year

Swiss bank Vontobel Announces 24 Percent Increase in Profit in the First Half of

On Monday, Vontobel the Zurich-based Swiss bank announced an increase in its net profit for the first half of the year. The bank said the close to twenty four percent rise was due to boost in trading and also in fees and commissions.

Amazon’s Strong Second Quarter Results Boost the Company’s Share

Amazon’s Strong Second Quarter Results Boost the Company’s Share

Amazon reported a surprise profit in the second quarter and that was the trick which spiked up its stock by seven teen percent.

Shares Fall on Apple’s Weak Fourth Quarter Revenue Forecast

Shares Fall on Apple’s Weak Fourth Quarter Revenue Forecast

The shares of Apple Inc dropped almost seven percent in after-hours trading on Tuesday, as the forecast for its fourth-quarter revenue did not match the estimates of the analyst's and it also could not meet some targets for the sale of its iPhones.

The shares slid from $130.75 to $121 at the end of the day, following the results released by the company on Tuesday.

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