Twitter Inc said on Thursday it may become profitable for the first time next quarter after slashing expenses over the past year and ramping up deals to sell its data to other companies, which could help to break its reliance on advertising for revenue. | Video
Oct 26 Twitter Inc said on Thursday it
could turn its first ever profit in the fourth quarter, after
making sweeping cuts in expenses the past few months and finding
sources of revenue beyond the advertising that dominates social
International Business Machines Corp's shift to newer businesses such as cloud and security services helped it beat analysts' quarterly revenue estimates, and the technology major hinted at sales growth after nearly six years of declines.
Pandora Media Inc reported better-than-expected quarterly revenue as advertisers spent more on the online music streaming service amid stiff competition.
Twitter Inc shares plunged more than 14 percent on Thursday after the social media platform disappointed investors with stagnant monthly active user growth in the second quarter. | Video
IBM Corp on Tuesday reported a lower-than-expected quarterly revenue, as growth in its higher-margin businesses that include cloud and artificial intelligence services failed to make up for declines across legacy business segments.
Microsoft Corp slightly missed Wall Street's average revenue estimate for the latest quarter on Thursday, as sales of its Surface tablets and laptops slumped in the face of revamped competition in the personal computer market.