Microsoft Corp (NASDAQ MSFT) is currently sitting on almost $29.6 billion it would owe in US taxes if it repatriated the $92.9 billion of earnings it is keeping offshore, according to disclosures in the company’s most recent annual filings with the Securities and Exchange Commission. The amount of money that Microsoft is keeping offshore represents…
No-moat, positive-moat-trend rated Autoliv ALV reported first-quarter earnings per share before special items of $1.32, $0.09 ahead of the Street consensus of $1.23. Even so, owing to lackluster European new-car demand and Autoliv’s European customers’ inventory corrections, the $1.32 first-quarter EPS were down $0.24 from $1.56 a year ago. However, management favorably tweaked its full-year…
Mobile Games can make money! This amazing report lists the best Mobile Gaming Apps from across the world. Coming from Finland, Sweden, Japan or South Korea, these Top 10 most profitable mobile games ruled the charts this year. While the app editors may not be the most renowned ones, their mobile games which make it…
SBA Communications SBAC notched another strong firstquarter result, highlighted by better-than-expected earnings and another guidance upgrade. First-quarter revenues grew by 62% year over year to $313 million–roughly 4% above consensus. The growth was driven by a 64.1% increase in the firm’s tower base, which now stands at 17,539. Once again, however, SBA’s growth was in…
Amazon.com, Inc. (NASDAQ:AMZN) announced on Monday that it had acquired Twitch for $970 million. What is it about the video game streaming platform that had major companies like Amazon and Google Inc (NASDAQ:GOOGL) vying for its hand? Twitch is an exponentially growing video game live streaming website The operative word here is ‘exponentially growing’. Twitch…
Chinese Internet firm Sohu SOHU posted first-quarter revenue and earnings that slightly exceeded the firm’s guidance and our internal estimate, thanks to solid top-line growth across brand advertising, search, and gaming. Revenue grew by 36% year over year to $308 million (versus $299 million at the high end of guidance), while non-GAAP net income came…
