Earnings

Roku shares fell more than 12 percent before Thursday trading hours, despite beating third-quarter earnings estimates on the top and bottom lines. One key metric that fell below expectations was platform revenue, which encompasses streaming advertising. Platform advertising is shaping up to be an increasingly important component of the company’s strategy, CNBC reported Wednesday, as
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Walt Disney reported fiscal fourth-quarter earnings and revenue that easily topped analysts’ expectations on Thursday. Here’s how the company did compared with what Wall Street expected: Earnings: $1.48 per share vs. $1.34 per share forecast by RefinitivRevenue: $14.31 billion vs. $13.73 billion forecast by Refinitiv In the year-ago quarter, Disney reported adjusted earnings of $1.07
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Dropbox shares rose more than 9 percent on Thursday after the maker of collaboration software reported better-than-expected third-quarter earnings. Here are the key numbers: Earnings: 11 cents per share, excluding certain items, vs. 6 cents per share as expected by analysts, according to Refinitiv. Revenue: $360.3 million, vs. $352.7 million as expected by analysts, according
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The Walt Disney Company’s better-than-expected earnings and upcoming streaming service have Wall Street glowing as the longtime media giant enters a whole new world of content delivery. The shares rose 1.4 percent in premarket trading Friday, set to add to their 8 percent gain so far this year. Though analysts were impressed with Disney’s studio
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Activision Blizzard shares plunged 10 percent in after-hours trading after reporting its third straight quarterly decline in monthly active users. The video game company, which owns the Call of Duty and World of Warcraft franchises, reported 345 million monthly active users, down from 352 million in the previous quarter. The video game company reported 52
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D.R. Horton, the largest U.S. homebuilder, said on Thursday rising home prices and higher mortgage rates were weighing on demand, particularly for expensive homes. Mortgage rates are hovering over 5 percent for the first time in several years, raising concerns about a slowdown in the housing industry, even as the broader U.S. economy expands at
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Qualcomm beat analysts’ expectations for fourth-quarter revenue and profit on Wednesday, helped by demand from Chinese smartphone makers targeting emerging markets and a newer licensing model for its wireless technology that has soothed relations with some big customers. Shares of the company rose 1.5 percent in extended trading on Wednesday. Qualcomm is the world’s biggest
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Michael Kors recorded weaker sales at retail stores in Europe during the quarter ended September, causing the high-end handbag maker to report lower revenue than Wall Street was expecting. Kors said on Wednesday net income attributable to the company fell to $137.6 million or 91 cents per shares in the three months ended Sept. 29,
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Apple reported earnings for its fiscal fourth quarter Thursday that beat Wall Street estimates on both the top and bottom lines. It also locked in a strategy of boosting prices to offset slowing sales — posting an eye-popping average selling price for the iPhone during the key September quarter. But shares of Apple fell more
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Cybersecurity firm Symantec beat analysts’ estimates for second-quarter profit and revenue on Thursday, easing investor concerns following three consecutive quarters of disappointing results and forecast cuts. Symantec shares jumped more than 8 percent in extended trade following the announcement. The stock ended up 3.2 percent at $18.73. “This was a big step in the right
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TV broadcaster and media company CBS beat analysts’ estimates for third-quarter revenue and profit on Thursday, boosted by strong advertising sales and higher digital subscriptions. CBS, home to popular shows such as the “Big Bang Theory,” and “NCIS,” said advertising revenue during the reported quarter rose 14.2 percent to $1.26 billion. “We are confident that
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Exxon Mobil is scheduled to release third-quarter earnings before the bell on Friday. Here’s what Wall Street expects: Earnings: $1.23 per share, according to Refinitiv Revenue: $73.55 billion, according to Refinitiv Exxon’s earnings have steadily improved since oil prices rebounded from the 2014-2016 downturn, but profits have fallen short of Wall Street’s expectations in four
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Insurer MetLife reported a third-quarter profit on Thursday, compared with a year-ago loss, helped by volume growth, favorable underwriting, expense management and improved investment income. MetLife shares were up 3.7 percent in after-hours trade on Thursday, after closing the regular session up 1.8 percent at $41.94. New York-based MetLife is one of the largest U.S.
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Shake Shack fell in after-hours trade Thursday after the burger chain reported a same-store sales decline that sharply missed expectations. The company said comparable restaurant sales declined 0.7 percent during the quarter. Analysts polled by Refinitiv had projected same-restaurant sales growth of 1.1 percent. That news outweighed better-than-expected earnings and revenue. The stock fell 6
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Electronic Arts forecast third-quarter revenue below Wall Street estimates on Tuesday, as the video-game publisher’s delayed launch of its popular “Battlefield V” game hurt the company in an already crowded holiday-season game slate. The company’s shares were down 5 percent at $90.25 in after-market trading. EA forecast third-quarter adjusted revenue of $1.73 billion, missing the
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Facebook fell short when it came to revenue, daily active user and monthly active user estimates in its latest earnings report, despite exceeding analyst expectations on earnings per share. The company reported its third-quarter earnings after bell on Tuesday: Earnings per share (EPS): $1.76 vs $1.47 estimated, per Refinitv Revenue: $13.73 billion vs. $13.78 billion
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Ford shares were up more than 4 percent Thursday after the company delivered better-than-expected earnings Wednesday night. Investors seemed encouraged by CEO Jim Hackett’s pledge to share more details of his plans to restructure the company and improve efficiency. Ford is going to host several events in the “coming weeks and months” where it will
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Google-parent company Alphabet reported its third quarter earnings on Thursday. The company beat bottom line projections but whiffed on revenue expectations and the stock sunk as much as 5.3 percent in after-hours trading. Here are the most important numbers: Earnings per share: $13.06 versus $10.42 expected by a Refinitiv consensus estimate Revenue: $33.7 billion versus
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Intel will release its third-quarter earnings report after market close on Thursday. The company will hold a conference call to discuss the results with analysts at 5 p.m. Eastern time. Here are the numbers to follow: Earnings: $1.15 per share, excluding certain items, expected by analysts, according to Refinitiv. Revenue: $18.11 billion as expected by
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