Earnings

Wynn Resorts chief Steve Wynn insisted Thursday the mass shooting in Las Vegas didn’t measurably hurt business for the company’s Las Vegas operations. In fact, the CEO said the company’s Las Vegas business turned in its “best third quarter in its existence, since 2005. And we’re particularly happy because our non-casino revenue was so strong.”
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The company beat analysts’ expectations in all three of its business segments, according to StreetAccount. Revenue from Azure was up 90 percent year over year, and commercial revenue for Office 365 subscriptions was up 42 percent. (As a whole, Microsoft’s revenue was up 12 percent.) Stifel analysts Brad Reback and Adam Borg were expecting Azure
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Google parent Alphabet has seen Class A shares rise about 25 percent this year as advertisers have continued to lean heavily on search advertising and YouTube. Network revenues were up 16 percent during the third quarter. “Our momentum is a result of investments that we’ve been making over many years in people, products and partnerships,”
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Amazon‘s third quarter results far exceeded Wall Street expectations Thursday, pushing up its stock by over 7 percent in after hours trading. Investors were expecting smaller profits as the third quarter is typically a heavy investment period for Amazon ahead of the holiday season. But strong growth in North American sales and Amazon Web Services
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Earnings season can be hard for traders as they try to game who will beat or miss Wall Street estimates. But one company is making it look easy. Business communications company LogMeIn has reported earnings per share higher than the consensus Wall Street estimate every quarter for the last 8 years, according to research firm
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Ford beat Wall Street expectations Thursday, driven in large part by cost reductions and strong sales in North America. The company said it has been cost cutting across several departments. Costs were also comparably lower this quarter because Ford suffered a massive recall of its vehicles this time last year. Last year Ford had to
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Adjusted EPS: $1.42 vs. $1.40 expected in a Thomson Reuters survey of analysts. Revenue: $10.88 billion, in line with estimates. The airline, like its competitors, faced climbing fuel costs and an onslaught of powerful storms that hit some of its key airports, including its Miami hub. The airline said it canceled some 8,000 flights due
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U.S. drugstore company Walgreens Boots Alliance’s profit and revenue beat analysts’ estimates in the fourth quarter, as it benefited from an expansion of mail services. Shares of the company rose 4.3 percent to $70.15 in premarket trading on Wednesday after Walgreens also forecast 2018 earnings largely above Wall Street forecasts. Walgreens said it expects 2018
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The bankruptcy of Toys R Us weakened Hasbro‘s forecasts for the holiday season in otherwise strong third-quarter results on Monday, boding ill for a sector worried by the collapse of a major customer. The Amazon-fueled move away from brick-and-mortar retailing was behind the surprise filing last month by Toys R Us, which left Hasbro exposed
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“This quarter was undoubtedly worse than expected, with an industrial result that was worse than what we saw in March 2007, preceding the financial crisis,” J.P. Morgan analyst Stephen Tusa wrote in a note Friday. The firm says GE’s businesses “are impaired,” citing the continued generation of “essentially zero” free cash flow. J.P. Morgan does
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It’s the first time that wearables have been mentioned in a Verizon conference call in the past five years, according to FactSet, and the first time that wearables have been a category big enough to mention in a Verizon earnings release. The “other devices” category also includes MiFi devices, for instance, a spokesperson said. But
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PayPal posted a strong earnings report Thursday as Venmo payment volume nearly doubled year over year. Here’s how the company did compared with what Wall Street expected: EPS: 46 cents vs. 43 cents expected, according to Thomson Reuters Revenue: $3.24 billion vs. $3.18 billion expected, according to Thomson Reuters In the year-ago quarter, PayPal reported
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Cellphone service providers have seen expectations shift over the past few years. Phones used to be subsidized on two-year contracts, but most major American carriers have moved toward monthly payment plans as phone costs rise: The latest flagship phone from Apple, the iPhone X, is nearly $1,000. Seventy-eight percent of Verizon’s postpaid phone base has
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Timothy Fadek | Bloomberg | Getty Images Passengers use self check-in kiosks inside the United Continental Holdings Inc. terminal at Newark Liberty International Airport (EWR) in Newark, New Jersey. United Continental, the parent company of United Airlines, is set to report quarterly earnings and revenue after the bell on Wednesday. Here’s how Wall Street expects
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