Tag Archives: bad-request

Facebook’s Instagram On A Roll, Thanks To Ads: Report

Facebook (FB)-owned photo sharing site Instagram will post $600 million in revenue this year as the site carries more ads, according to a report Thursday by research group eMarketer. And Instagram’s ad revenue will reach $2.81 billion in 2017, thanks to a new direct-response button and Facebook-style targeting capabilities, eMarketer said. Facebook paid $715 million for Instagram in 2012, but didn’t introduce ads until late 2013. On June 2, the

Fitbit limping on gross margin concerns

Fitbit (FIT) could use a spotter. The maker of wearable activity trackers saw its shares tumble Thursday, a day after the company reported a second-quarter earnings beat that prompted several analysts to raise their price targets. Fitbit stock was down 14.5% in midday trading on the stock market today, near 44.20. Shares hit a record high of 51.90 on Wednesday, ahead of Fitbit’s first quarterly report as a publicly traded company. Fitbit went public on June 18 at 20. A decline in the company’s gross profit margin — to 47% in the second quarter from 52% in the year-earlier quarter — spooked investors. The gross margin decline “is a sticking point in what’s otherwise a strong beat-and-raise quarter,” RBC Capital Markets analyst Mark Sue said in a research report Wednesday.

SunEdison Misses Q2 Forecast, Hits Six-Month Low

SunEdison (SUNE) stock hit a seven-month low Thursday after the solar panel manufacturer posted a bigger Q2 loss than Wall Street had forecast. In Q2, SunEdison had revenue of $455 million and per-share losses of 93 cents. Its yieldco, TerraForm (TERP), accounted for $130 million of that revenue and 10 cents EPS. Nine analysts polled by Thomson Reuters saw SunEdison on average posting per-share losses of only 55 cents. On the other hand, SunEdison