Tag Archives: lead tech

Video: Amazon Swipes At Square With New Card Reader

Amazon.com (AMZN), in its biggest move in payments to date, said Wednesday that it is offering a secure card reader and mobile app that lets small merchants process digital point-of-sale transactions. Called Amazon Local Register, it competes directly with similar offerings from Square, eBay’s (EBAY) PayPal, Intuit (INTU) and VeriFone Systems (PAY). The product can accept credit and debit cards loaded on smartphones or tablets. This includes Apple…

Myriad Genetics Guidance Disappoints, Q4 Edges Views

Gene-tester Myriad Genetics modestly beat fiscal Q4 estimates late Tuesday, but EPS guidance below consensus sent the stock falling 5% in after-hours trading. Revenue for the quarter that ended June 30 rose 8.4% over the year-earlier quarter to $188.8 million, less than $1 million above analysts’ average estimate. Profit declined 9.5% to 48 cents a share, beating consensus by 2 cents. Myriad Genetics (MYGN) guided fiscal 2015 revenue at $800

King Digital Stock Falls As ‘Candy Crush’ Sales Sour

Mobile video game maker King Digital Entertainment, best known for “Candy Crush Saga,” gave investors a cavity late Tuesday after posting second-quarter revenue below Wall Street’s target, as its hit game is fading faster than expected. King Digital Entertainment (KING) said Q2 sales rose 30% from the year-earlier quarter to $594 million, compared with the consensus view of $608 million among analysts polled by Thomson Reuters. King Digital