Qualcomm Inc. CEO Steve Mollenkopf speaks during a keynote address at CES 2017 on January 6, 2017 in Las Vegas, Nevada. Ethan Miller | Getty Images Qualcomm disappointed Wall Street with its latest financial report. According to the company, a large part of the blame falls on Chinese tech giant Huawei. The U.S. chipmaker reported
Earnings
Qualcomm Inc. CEO Steve Mollenkopf. Getty Images Qualcomm issued guidance for September quarter earnings and revenue significantly lower than analyst expectations on Wednesday. The stock dropped as much as 5% in after-hours trading. Here’s how the company did versus expectations: Earnings: $0.80 per share, excluding certain items, vs $0.75 expected according to analysts polled by
The Humana headquarters office stands in Louisville, Kentucky. Ty Wright | Bloomberg | Getty Images Health insurer Humana raised its 2019 profit forecast on Wednesday and posted second-quarter earnings ahead of Street estimates, as it reined in costs and recorded higher revenue from its unit that sells Medicare Advantage health plans. Shares rose 3.7% to
Apple said on Tuesday that its services business in the fiscal third quarter grew about 13%, reflecting the company’s effort to expand in subscription products as the iPhone sales slow. Revenue in services, which includes the App Stores Apple Care, Apple Pay, iCloud and Apple Music, increased to $11.46 billion from $10.17 billion a year
Apple now has $210.6 billion cash on hand, according to the company’s fiscal third-quarter earnings report released on Tuesday. That’s a 6.6% decline from its fiscal second quarter of 2019, when it reported a cash pile of $225.4 billion. It’s down 13.6% from the year-ago quarter. Apple continues to host one of the largest cash