Earnings

Brendan McDermid | Reuters Jeff Lawson, (C) Founder, CEO, & Chairman of Communications software provider Twilio Inc., takes a selfie photo during his company’s IPO on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 23, 2016. Twilio soared to a new all-time high Tuesday after the cloud software
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David Paul Morris | Bloomberg | Getty Images David Zaslav, president and chief executive officer of Discovery Communications Inc. Discovery missed analyst estimates for quarterly profit on Tuesday, as the owner of Discovery Channel and Animal Planet took on more costs related to integration of the recently acquired Scripps network. The company’s shares fell 3.4
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Before Wall Street found out that diagnostics company Theranos was a fraud, PerkinElmer had its own questions about the company, PerkinElmer CEO Robert Friel told CNBC’s Jim Cramer. “We spent a lot of time, first of all, trying to find any kind of scientific, technical knowledge about the company,” Friel said. “Very hard. We sort
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Twilio’s guidance for the third quarter also beat estimates. The company said it expects earnings per share of 2 cents to 3 cents, excluding certain items, on revenue of $150 million to 152 million. Analysts had expected Twilio to break even in terms of earnings on $135.9 million in revenue in the third quarter, according
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To supplement the new strategy, Zillow announced Tuesday its plans to acquire Mortgage Lenders of America. Terms of the deal were not disclosed, but Wall Street did not look favorably on the tie-up. Analysts for Bank of America/Merrill Lynch downgraded the stock Tuesday, warning its move into mortgage lending could hurt profitability next year. CEO
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Investors came into this earnings season with high hopes as FactSet had forecast year-over-year profits to grow by 20 percent in the second quarter. So far, second-quarter earnings have increased by 24 percent through Friday. At this rate, quarterly earnings are on pace to post their second-highest year-over-year growth since the third quarter of 2010,
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American International Group reported second quarter profit that fell well short of expectations, sparking an after-hours sell off in its shares. As of 4:21 p.m., AIG shares had fallen 6 percent and were on track for their worst day since February 2017. The insurance giant reported adjusted earnings per share of $1.05 for the quarter
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GoPro reported second-quarter results that beat analysts’ expectations on Thursday. Here’s how the company did compared with Thomson Reuters consensus estimates: Loss per share: 15 cents vs. 22 cents expected Revenue: $282.7 million vs $270.2 million expected The stock was up as much as 10 percent in after-hours trading before giving up those gains and
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Tesla shares leaped higher after chief executive Elon Musk said the electric car maker beat Wall Street’s revenue expectations, apologized for prior bad manners toward analysts and reiterated a promise for future profitability. Tesla’s stock jumped 9 percent in trading Thursday. Oppenheimer, which upgraded Tesla shares to outperform following the earnings report, told clients the
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Fitbit shares jumped Wednesday in extended trading after the company released better-than-expected second-quarter numbers. Here’s how Fitbit fared: Loss per share: 22 cents, vs. 24 cents forecast by Thomson Reuters. Revenue: $299.3 million, vs. $285.4 million forecast by Thomson Reuters. Analysts had projected quarterly revenue of $285.4 million, or a nearly 20 percent year-over-year sales
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Kevin Winter | Getty Images A woman talks on a mobile phone as she walks past a Sprint Corp. store in Palo Alto, California. Sprint on Wednesday topped analysts’ estimates for quarterly profit, helped by surprise growth in wireless subscribers in a competitive U.S. wireless market. The fourth-largest U.S. wireless carrier is working to merge
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The record services revenue is partly the result of a one-time line item totaling $236 million related to lawsuits, the company said. It also saw a boost from increased paid subscribers through the App Store, a 50 percent year-over-year increase in cloud revenue, and higher Apple Pay usage rates. “Apple Pay continues to expand with
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Archer Daniels Midland‘s net profits doubled in the second quarter and beat Wall Street estimates, after a drought in Argentina and the U.S.–China trade spat boosted the U.S. grain merchant’s trading and oilseed processing businesses. Shares were up 1 percent at $47.86 after touching a three-year high on the New York Stock Exchange. Operating profits
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Caterpillar reported record second-quarter earnings per share Monday and bumped up its full-year forecast. The big machinery exporter also said it would offset a sizable second-half profit hit from the tariffs by raising prices. “Caterpillar delivered record second-quarter profit per share,” CEO Jim Umpleby said in a statement. “Based on outstanding results in the first
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Shares of Boston Beer tumbled on Friday after the Samuel Adams beer maker reported quarterly earnings that fell well short of analyst expectations. Boston Beer earned $1.98 per share in the second quarter, while analysts polled by Reuters expected a profit of $2.81. The company’s revenue fell in line with analysts’ estimates at $273 million
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