For Apple’s fourth quarter, the company posted earnings of $3.03 per share. Analysts were expecting earnings per share of $2.83, according to estimates from FactSet. Revenue came in at $64 billion vs. the $63 billion in revenue expected. Facebook also beat expectations with earnings that came in at $2.12 vs. the $1.91 forecast by Refinitiv. Revenue came in at $17.65 billion vs. Refinitiv’s $17.37 billion forecast.

The ride-hailing company posted a loss of $1.57 per share, better than the $1.66 loss per share analysts anticipated. Revenue came in at $956 million, above the $915 million expected, according to Refinitiv consensus estimates. The company posted revenue of $197.9 million, while analysts polled by Refinitiv expected revenue of $193.5 million. Analysts expected $32.42 billion in iPhone revenue and $12.15 billion in services revenue, according to Refinitiv. The coffee giant reported revenue of $6.

“Our U.S. business delivered 6% comparable store sales growth in the fourth quarter, while China grew comparable store sales by 5% and total transactions by 13%,” CEO Kevin Johnson said in a statement. The company reported global same-store sales growth of 5%. Both the U.S. and China, its two biggest markets, reported strong same-store sales and increasing traffic. Executives attributed U.S. sales growth to investments in its employees, like better benefits and more hours, which in turn leads to

Shares of cloud communications company Twilio fell as much as 17% on Wednesday after the company gave lower-than expected quarterly earnings and revenue guidance. Here’s how the company did:Earnings: Excluding certain items, 3 cents per share, vs. 1 cent per share as expected by analysts, according to Refinitiv. Excluding certain items, 3 cents per share, vs. 1 cent per share as expected by analysts, according to Refinitiv. The company called for 1 cent to 2 cents in earnings per share, excludin

: $64 billion vs. $62.99 billion estimate. Q1 revenue guidance : $85.5 billion to $89.5 billion vs. $86.92 billion estimate. : $85.5 billion to $89.5 billion vs. $86.92 billion estimate. iPhone revenue : $33.36 billion vs. $32.42 billion estimate. : $33.36 billion vs. $32.42 billion estimate.

Revenue: $17.65 billion vs. $17.37 billion forecast by Refinitiv. Daily active users: 1.62 billion vs. 1.61 billion forecast by FactSet. Monthly active users: 2.45 billion vs. 2.45 billion forecast by FactSet. 2.45 billion vs. 2.45 billion forecast by FactSet. Facebook reported revenue growth of 29% from a year earlier, marking the third straight quarter of sub-30% expansion.

Twitter is axing political ads from its site, CEO Jack Dorsey announced Wednesday. Earlier this month, Chinese video app TikTok became the first major social media platform to ban political ads from its platform. Without naming Facebook or its CEO Mark Zuckerberg, Dorsey seemed to take a shot at the company’s rhetoric around political ads. In the Georgetown speech, Zuckerberg said Facebook once considered banning political ads as well and that they don’t even make up a significant portion of the

Twitter will no longer take political ads: Jack Dorsey tweetsTwitter CEO Jack Dorsey has tweeted that Twitter will no longer take political ads. CNBC’s Contessa Brewer and the ‘Closing Bell’ team discuss the implications for the company.

Apple reported iPhone revenue of $33.36 billion for its fiscal fourth quarter on Wednesday. iPhone revenue for the quarter was down 9% year over year, but up from the third quarter when iPhone revenue came in at $25.99 billion. Apple stopped breaking out iPhone unit sales as of this year as it tries to shift the narrative for investors toward services revenue. Some analysts are expecting an iPhone sales bump to come from future quarters once Apple releases an anticipated 5G phone. The firm said

However, contrary to popular belief, you can’t really haggle with real estate agents on this fee in most situations. That’s according to a new report from the Consumer Federation of America, which had conversations with over 200 real estate agents in 20 U.S. cities. Nearly three out of four real estate agents, 73%, said they would not would lower their standard rate. Home buyers typically don’t have to worry about realtors’ commissions; usually the seller covers this expense. For a $300,000 home

“I was a terrible waitress,” Aniston told Stephen Colbert during Tuesday evening’s episode of “The Late Show.” When Colbert said, “Because hostesses make no money,” Aniston replied, “No, you just get a lot of business cards.” Though Aniston said as a waitress she had slippery fingers and would drop trays, it taught her to appreciate good service today. “I sure do, and I always tip very, very well,” she told Colbert. Aniston lived in New York City from age six to age 20 during the beginning stage

Not only is the addition of over a million new users a good thing for business, it’s also a positive for Verizon stock and shareholders. If you invested in Verizon 10 years ago, that decision would have paid off. When it comes to subscribers, Verizon and AT&T remain close in number. The company is also offering a free one-year subscription for Disney’s soon-to-launch Disney+ streaming service to new and existing Verizon wireless unlimited customers. On the day of the announcement last week, Veri

The CEO of the biggest mall owner in the U.S., Simon Property Group, says the retail industry looks to be “reaching the bottom” of a tumultuous wave of bankruptcies. The CEO’s comments come on the heels of Forever 21 and Barneys New York, among other retail chains, filing for bankruptcy this year. The CEO also on Wednesday highlighted the real estate company’s recent investments, including it taking a stake in online shopping site Rue La La’s parent company, Rue Gilt Groupe. “We’re going to be a

Companies that are launching new streaming services are probably losing billions of dollars on them, media mogul Barry Diller told CNBC on Wednesday. Diller, who helped create Fox Broadcasting Company and its motion picture arm, appeared on CNBC a day after AT&T’s WarnerMedia announced details of its HBO Max service, and two days before Apple’s streaming service goes live. The fresh entrants, including Comcast’s NBCUniversal, are seeking to rival established players such as Netflix, Amazon and H

Amazon’s cloud business will surpass Oracle as the second-largest enterprise software provider in the next 12 to 15 months, analyst Rohit Kulkarni of MKM Partners said. Oracle is doing $41 billion,” Kulkarni, who has a buy rating on Amazon stock, told CNBC in an interview on Tuesday. There is significance to Amazon displacing Oracle in enterprise software, whenever it happens. In the past four quarters AWS generated more revenue than SAP, which was previously larger than AWS. Consensus estimates

Facebook disclosed Wednesday that it has removed a series of accounts and pages originating in Russia for engaging in foreign interference. While the campaigns targeted several African nations, they are likely to ramp up fears that the 2020 U.S. election could see a repeat of the disinformation spread by Russian actors in 2016. In three separate campaigns targeting various African states including Madagascar, Sudan and Libya, Facebook said the networks of accounts and pages posted about local ne

Former Trump official who called student loan system broken proposes forgiveness programWayne Johnson, U.S. Senate candidate and former dept of education official, joins ‘The Exchange’ to discuss why he is endorsing cancelling most of student debt and called the loan system broken.

Stocks drop and bond yields rise after Fed cuts rates for third time since JulyThe Fed was widely expected to cut interest rates by a quarter point on Wednesday, its third rate cut since July. J.P. Morgan Asset Management’s David Kelly, Bessemer Trust’s Rebecca Patterson, Western Asset’s John Bellows, and CNBC’s Steve Liesman react to the Fed’s decision.

Thousands of people attend a demonstration to request the resignation of Chilean President Sebastian Pinera in the area surrounding Plaza Italia in Santiago, Chile on October 25, 2019. Chile President Sebastion Piñera’s surprise cancellation of the APEC summit highlights how serious anti-government protests have become in the country, viewed by many as the economic crown jewel of Latin America. Santiago’s stock market was down 3.1% Wednesday, adding to losses after Pinera’s announcement about th

In 2015, more than a year before the planes were certified by federal regulators, a Boeing engineer asked whether a flight-control system that was involved in both deadly crashes was safe because it relied on a single sensor. Regulators around the world banned airlines from flying the planes after the crashes. Boeing has changed the planes’ system so that they rely on two sensors instead of one. The sensors, which measure the angle of attack, or angle of the plane relative to oncoming air, feed