Earnings

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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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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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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Starbucks shares soared Friday morning after the company delivered an upbeat earnings report that beat Wall Street’s estimates on revenue, profit and same-store sales. The Seattle coffee maker, which released its fiscal fourth quarter earnings Thursday night, said its customers helped drive its record revenue by spending more on frappuccinos, tea and snacks. Its shares
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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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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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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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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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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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Mastercard’s third-quarter profit rose 33 percent, it said on Tuesday, joining rival payments network Visa in reporting higher earnings led by rising U.S. consumer spending. Mastercard’s net income climbed to $1.90 billion or $1.82 per share in the three months ended Sept. 30, from $1.43 billion or $1.34 per share a year earlier. Excluding one-time
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Tesla shares jumped more than 10 percent in early trading Thursday, a day after the electric car maker delivered third-quarter earnings that blew past expectations, showing signs that it is on its way to becoming the sustainably self-funded company promised by CEO Elon Musk. Musk had previously said he expected Tesla to be both profitable
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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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Amazon‘s third-quarter earnings beat Street estimates, but its revenue and fourth-quarter outlook fell short of expectations, dropping its stock roughly 9 percent in after-hours trading — on pace for its lowest close since May. Here are the most important numbers: EPS: $5.75 vs. $3.14 estimated, according to Refinitiv Revenue: $56.6 billion vs. $57.10 billion estimated,
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Amazon’s cloud-computing business grew 46 in the third quarter, trailing analysts’ estimates. Amazon Web Services generated revenue of $6.68 billion in the quarter, compared with the average estimate of $6.71 billion, according to analysts polled by FactSet. AWS accounted for 12 percent of Amazon’s total revenue. It’s the world’s biggest provider of public cloud infrastructure,
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Daily task force meetings. Weekly reports to senior leadership. Constant contact with suppliers to keep prices at bay. This is the new reality at industrial supply company W.W. Grainger. Like many companies included in the S&P 500, 90-year-old Grainger is hard at work trying to curb the effects of the Trump administration’s tariffs on a
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