Earnings

Twenty-First Century Fox said Wednesday its cable business posted its “highest earnings ever” in the fiscal third quarter. Executive chairmen Rupert and Lachlan Murdoch said in a statement that double-digit growth in domestic affiliate revenue helped drive strength in its cable division. Fox’s cable unit reported revenue of $4.42 billion, topping a StreetAccount consensus estimate
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Shares of Roku popped in extended trading Wednesday after the company reported better-than-expected first-quarter financial results. The stock price was up about 1.5 percent when the report was released after the bell, following a pre-earnings rally of nearly 9 percent in the regular trading session. Here’s what Roku reported: Loss per share: 7 cents, excluding
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Roku on Wednesday afternoon releases its third quarterly earnings statement as a public company, and the options market is implying it expects something unique: relatively little. Stacey Gilbert, head of derivative strategy at Susquehanna, told CNBC’s “Trading Nation” that shares of the streaming technology company, which have plunged 36 percent this year, are expected to
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Caterpillar may have tainted the entire earnings season for industrial companies with one line, according to CNBC’s Jim Cramer, and now the company is trying to walk it back. Caterpillar’s management on Tuesday sought to clarify last month’s now-infamous “high-water mark” comment — made by CFO Bradley Halverson on the heavy equipment maker’s first-quarter earnings
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Alibaba reported better than expected topline results on Friday, driven by strong sales in its commerce and cloud computing units, even as margins were squeezed by a flurry of investments. The company’s March-quarter revenue grew 61 percent to 61.9 billion yuan ($9.73 billion) from a year earlier, beating analyst estimates of a 53 percent increase.
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“The recapture of our prior listeners is a very, very important factor for us,” Chief Executive Roger Lynch told Reuters in an interview. “March was the first time in 18 months where we increased the recapture of lapsed listeners.” For paid users, Pandora’s revenue per user jumped to $6.30, up nearly a third from $4.76
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CBS, which is in tough merger talks with Viacom, topped revenue and profit estimates on Thursday, helped by healthy ad sales and higher revenue from affiliate and subscription fees. The New York-based company, whose shows include “Big Bang Theory” and “NCIS” reported strong results as it and Viacom, which are both controlled by Sumner Redstone
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Wearable device maker Fitbit forecast current-quarter revenue below Wall Street estimates on Wednesday as the company expects further sales declines for its fitness tracking devices. The company’s core wearable fitness trackers business has fallen sharply as it faces bigger names with deeper pockets, such as Apple and Samsung, that are relatively new entries in the
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U.S. chemicals producer DowDuPont reported a higher-than-expected first-quarter profit on Thursday as increased prices for its products and demand for packaging, paint and other materials made up for a weak agriculture business. The chemical producer, formed by the merger of Dow Chemical and DuPont last year, clocked up net sales of $21.5 billion for the
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Shares in Tesla took a nosedive in after-hours trading today as Elon Musk cut off analysts during a first-quarter earnings call. He dismissed a question about gross margins from Bernstein senior analyst Toni Sacconaghi as “boring.” Instead, Musk and other executives answered multiple questions from a Tesla enthusiast and Youtuber named Gali Russell. The 25-year-old
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The payments company said it will continue to reinvest in its business, focusing on revenue growth over profit expansion. “Given the significant market opportunity ahead of us, we will continue to reinvest in our business to drive future growth,” it said in a statement. Gross payment volume grew 31 percent to $17.8 billion for the
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Tesla posted a narrower-than-expected loss on Wednesday as the electric car maker spent heavily to make gains in Model 3 production in April. While Tesla continued to burn through cash at a much more rapid pace than the previous quarter to hit its production goals, its burn rate was slower than analysts had expected. But
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Some of the numbers weren’t a big surprise, given the company’s financial forecast in March, when the company said it expects to hit as many as 96 million subscribers this year. Spotify maintained its outlook for the year on Wednesday, saying it plans to lose up to 330 million euros this year (about $397 million
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Getty Images A shopper passes a shop door advertising acceptance of purchases with Master Card, Visa in Bakersfield, California. Mastercard reported a better-than-expected quarterly profit, boosted by higher consumer spending on credit and debit cards. Shares of the company were up 3.5 percent at $186.51 in premarket trading on Wednesday. U.S. gross dollar volume (GDV)
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U.S. health insurer Humana reported a better-than-expected quarterly profit and raised its full-year profit forecast on Wednesday, as it signed up thousands more for its government-backed Medicare Advantage business. Membership for Medicare Advantage’s individual plans, which provide insurance to the elderly and disabled, rose 6 percent to 3 million in the first quarter. Employer or
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Apple‘s cash on hand fell to $267.2 billion in the March 2018 quarter, as new tax changes have freed up spending options for the iPhone giant. That’s $17.9 billion less than the the $285.1 billion it reported at the end of the previous quarter and the lowest total since June. The company reported the updated
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Apple’s gargantuan net income has piled up over the years, resulting in a cash reserve of $267.2 billion as of the March quarter. But until recently, the overseas portion of that money was subject to relatively high tax rates. Nonetheless, Apple has steadily increased its dividends since its 2014 stock split. Apple said Tuesday it
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Botox maker Allergan reported a better-than-expected quarterly profit on Monday and raised its full-year forecast for adjusted net income, driven by higher sales of its medical aesthetics products including the blockbuster wrinkle treatment. The company’s shares rose about 2.4 percent to $166.70 in premarket trading. Sales of Botox, its biggest drug by revenue that is
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