Earnings

Disney’s broadcasting business saw a stunning 43 percent year-over-year growth in operating income to $361 million amid higher program sales, affiliate revenue growth and network advertising revenue. The company said higher sales of “Designated Survivor, “How to Get Away with Murder” and “Grey’s Anatomy” helped drive that increase. In April, Disney launched ESPN Plus, a
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Snap shares were volatile in post-market trading after the company beat earnings estimates, but daily active users (DAUs) fell due to redesign issues. The company also issued revenue guidance for the first time, but it was lower than estimated. It advised third-quarter revenue at $265 million to $290 million, shy of the FactSet estimate of
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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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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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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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Tyson Foods, the No. 1 U.S. meat processor, beat analysts’ quarterly profit estimates on Monday due to strong demand for beef, but executives warned that trade disputes were threatening the company’s pork and chicken businesses. China is importing less U.S. pork after Beijing imposed tariffs on American shipments as part of an escalating trade war
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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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The owner of Taco Bell, KFC and Pizza Hut beat expectations on the top and bottom lines Thursday, but fell short of a key sales metric in its second-quarter earnings report. Shares of Yum Brands were flat Thursday, but down 2.7 percent since January. Net income rose 56 percent to $321 million, or 97 cents
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Payment company Square reported second-quarter results that beat Wall Street estimates, thanks in part to higher transaction volumes and growth in subscription services. Here’s how the company did compared with Thomson Reuters consensus estimates: EPS: 13 cents per share vs. 11 cents expected. Adjusted revenue: $385 million vs. $367.6 million expected. Shares of the company
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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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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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