Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) are two titans of the technology industry -- and two of the largest companies in the world. While Microsoft generates most of its revenue from its software businesses, Apple's bread and butter has historically been its mobile hardware products. Parkev Tatevosian: Apple is one of the most iconic businesses in the world. Read More...
Motley Fool
Why StoneCo Stock Fell Hard Today
Shares of StoneCo (NASDAQ: STNE), a cloud-based technology platform, plummeted Friday morning after the company reported its second-quarter results, which disappointed investors, and announced yet another shift to its management team. The company reported non-GAAP (adjusted) earnings of 0.25 Brazilian reals (equivalent to $0.05), which was an increase from a loss of 0.48 reals in the year-ago quarter, but was below Wall Street’s consensus estimate of about 0.57 reals, or $0.11 per share. StoneCo’s revenue in the quarter was 2.3 billion reals (about $442 million), 5% higher than the company’s guidance, and up 275% from the year-ago quarter.
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