Earnings

Nvidia’s earnings report — specifically its forecast for the current quarter — is likely to disappoint Wall Street this week, said Susquehanna’s Christopher Rolland, but he’s upgrading the stock anyway. “To be clear, this is not a call on NVIDIA’s quarter … in fact, we think the odds are substantial that management’s guidance will miss
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Home Depot on Tuesday reported quarterly earnings that beat analysts’ expectations and raised its sales outlook for the full year, showing little sign of slowing down despite concerns about softening existing home sales. Management warned during a conference call with analysts the company will still face tougher comparisons in the foreseeable future because of devastating
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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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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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Shares of Yelp tanked after the company’s third quarter earnings report and guidance disappointed on Thursday. The stock was down by 30 percent in premarket trading Friday. The company reported revenue of $241 million for the quarter, just shy of analyst projections of $245 million. It also adjusted fourth quarter revenue guidance due to slower
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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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D.R. Horton shares fell more than 10 percent after the largest U.S. homebuilder forecast first-quarter home sales below analysts’ estimates on Thursday, the latest sign that rising mortgage rates and higher home prices are weighing on the housing market. The weakness in shares also hit other homebuilders’ stocks. PulteGroup fell 6 percent, while Lennar was
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Roku shares fell 22 percent Thursday, their worst drop since the company had its IPO in September 2017, even though the company beat 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
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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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“Every single new product we’ve launched is doing very well,” he added. Shares of the company were up 1.8 percent on Thursday morning. Total revenue, however, fell 14 percent in dollar terms to $5.34 billion and core earnings per share, which exclude some items, were down 37 percent to 71 cents, reflecting lower income from
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Shares of Roku plunged as much as 12 percent in extended trading Wednesday despite beating on both the top and bottom lines in its third-quarter earnings. Shares eased off shortly after the report to trade roughly 10 percent lower than Wednesday’s close of $58.86 Here’s how the company did compared with what Wall Street was
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News Corp. reported fiscal first-quarter earnings Wednesday that beat analysts’ expectations for earnings but missed on revenue. Here’s how the company did compared with what Wall Street expected, based on a survey of analysts by Refinitiv: Earnings: 17 cents per share vs. 4 cents per share expected Revenue: $2.52 billion vs. $2.54 billion expected Shares
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Payment company Square reported quarterly earnings and revenue that beat analysts’ expectations on Wednesday but came up slightly short on forward guidance. Here’s how the company did compared with what Wall Street expected: Earnings: 13 cents per share vs. 11 cents per share forecast by Refinitiv. Revenue: $431 million vs. $413.9 million forecast by Refinitiv.
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Take-Two Interactive reported earnings for its 2019 fiscal second quarter after the bell on Wednesday. The company is known best for developing popular videogames like “Red Dead Redemption” and “Grand Theft Auto” as the parent company of Rockstar Games and 2K. The stock was up over 2.5 percent after the bell. Here are the key
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Chevron reported quarterly earnings that beat analysts’ expectations on Friday, as record-setting oil and gas production boosted the company’s bottom line. Shares of the oil major were more than 2 percent in premarket trading. Chevron posted a profit of $4.05 billion for the quarter, more than double its earnings from a year ago. That came
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Exxon’s global crude oil production roughly matched its output in the year ago period. However, the company’s natural gas output slipped 6.1 percent from a year ago to 9 billion cubic feet per day. Despite churning out fewer hydrocarbons, earnings in the upstream exploration and production segment more than doubled to $4.23 billion from a
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An investigation into the allegations against Moonves and the culture of CBS by two law firms, Covington & Burling and Debevoise & Plimpton, continue. However, CBS said affiliate and subscription fees revenue which includes revenue from cable and satellite TV operators and online streaming providers, including its own All Access offering fell 12 percent to
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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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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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Shake Shack fell as much as 7 percent 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 fell 0.7 percent during the quarter. Analysts polled by Refinitiv had projected sales at restaurants open at least 12 months to grow 1.1 percent. Shake
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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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Shares of the The New York Times jumped Thursday after the company reported third-quarter earnings that beat on the top and bottom lines. The company also reported more than 3 million digital-only subscriptions and 4 million total subscriptions as of the end of the quarter. Here’s how the company did compared with what Wall Street
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Chris Hondros | Getty Images A man exits the American International Building, world headquarters of American International Group (AIG). American International Group reported a smaller quarterly loss on Thursday as reinsurance pacts helped offset catastrophe losses in Japan and North America. The insurer posted a net loss of $1.26 billion, or $1.41 per share, for
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Credit Suisse reported lower-than-expected net income results for the third quarter of the year, after a challenging summer and increased volatility in emerging markets. Net income stood at 424 million Swiss francs, a 74 percent increase from a year ago. However, the numbers missed analysts’ forecast of 449 million Swiss francs, according to data from
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