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Database giant $ORCL posted 3Q16 net income of $2.14Bil, or $0.50 per diluted share, down 14% from net income of $2.5Bil, or $0.56 per diluted share, in the prior year quarter. The company said that strong U.S. dollar had a significant impact on this quarter's result. Revenue fell 3% YoverY to $9.01Bil, despite cloud revenue growing 40% YoverY.
Can you imagine a food store with no cash registers? Well, it is coming true soon thanks to $AMZN. The company is opening its new grocery store in Seattle and it has no cash registers. AI takes over!
$AVGO reports 4Q earnings today. I am wondering what to expect.
$SHLD seems to be rolling down the curve, it has been reporting net loss for the past many quarters. The Company Board seems to be doing nothing to stem this trend.