Earnings

Adriano Machado | Reuters The chief executive of Uber Technologies, Dara Khosrowshahi. Uber has just revealed its fourth-quarter financial results, which show that the ride-hailing company’s loss jumped 61 percent in 2017. The company lost $4.5 billion last year, up from $2.8 billion in 2016, according to figures first reported by The Information and confirmed
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Shares of Blue Apron spiked Tuesday after the company posted a smaller-than-expected fourth-quarter loss, helped by improvements at its fulfillment center in New Jersey. The stock was up 6 percent. Early in Tuesday’s session, it had risen nearly 27 percent. Blue Apron has been struggling to overcome well-publicized operational issues that have dragged its stock
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Under Armour shares soared more than 17 percent Tuesday morning after the company reported sales that topped analysts’ expectations, fueled largely by growth outside of North America. Under Armour said total revenue in the fourth quarter climbed 5 percent to $1.37 billion. Analysts were expecting $1.31 billion, according to a Thomson Reuters survey. Sales in
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Nvidia shares are surging as Wall Street is growing more optimistic on the company’s opportunities in key growth markets. The chipmaker reported better-than-expected fiscal fourth-quarter earnings and guidance Thursday. Nvidia’s biggest business segment, gaming, produced $1.74 billion in revenue, above the FactSet estimate of $1.54 billion. The second largest area, data center, came up with
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U.S. online travel services company Expedia missed analysts’ quarterly profit estimate on higher marketing expenses, sending its shares tumbling 19 percent in after-hours trading on Thursday. And discouraging remarks from Chief Executive Officer Mark Okerstrom likely didn’t help the tumble. The year “did not end up as we had planned from a financial perspective,” Okerstrom
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Nvidia shares jumped more than 14 percent Thursday after the company reported better-than-expected earnings for the fiscal fourth quarter. After the earnings call ended the stock was more than 9 percent higher than the closing price of $217.52 per share. The after-market rally more than made up for Nvidia’s 4.9 percent drop in regular trading,
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News Corp. beat expectations in its second-quarter earnings report Thursday. Here’s how the company did compared to what Wall Street expected: EPS: 24 cents vs. 19 cents expected, according to Thomson Reuters Revenue: $2.18 billion vs. $2.13 billion expected, according to Thomson Reuters Shares of News Corp. recovered nearly 1 percent in after-hours trading, following
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Video game publisher Activision Blizzard reported quarterly earnings that beat analysts’ expectations on Thursday. Here’s how the company did compared with what Wall Street expected: EPS: 94 cents vs. 93 cents expected, according to Thomson Reuters Revenue: $2.64 billion vs. $2.55 billion expected, according to Thomson Reuters Shares of Activision gained nearly 5 percent after
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Teva Pharmaceutical on Thursday said 2018 results would be weaker than expected due to difficult conditions in the U.S. generics market and fierce competition facing its branded multiple sclerosis drug. Israel-based Teva, the world’s largest generic drugmaker, is facing price erosion, increased competition and a consolidating customer base, particularly in the United States. It also
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Yum Brands on Thursday posted fourth-quarter profit that beat analyst estimates, helped by higher demand for fried chicken at its KFC restaurants. The company said net income rose to $436 million, or $1.26 per share, in the quarter ended Dec. 31, up from $303 million, or 83 cents per share, a year earlier. Excluding items,
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Shares of online food-delivery company Grubhub surged more than 27 percent Thursday after the company reported stronger-than-expected quarterly results. Grubhub, which provides an online and mobile platform for restaurant pick-up and delivery orders, also said Yum Brands will buy a 3 percent stake in the company. Grubhub reported adjusted fourth-quarter earnings of 37 cents a
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Viacom, which is exploring a merger with CBS, raised its forecast for full-year revenue from U.S. cable and satellite companies on Thursday, sending its shares up as much as 12 percent. The revised forecast comes at an important juncture for Viacom as the company and CBS, both of which are controlled by Sumner and Shari
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CVS Health will increase employee pay and sweeten benefits to some employees using a portion of the company’s windfall from the new tax law. CVS will boost starting pay for hourly employees to $11 per hour from $9 per hour, starting in April. Pay ranges and rates will be adjusted for many of its retail
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Tesla soothed some investor concerns Wednesday by delivering fourth-quarter results that beat analyst expectations, reiterating that it is on track to reach its latest Model 3 production goals, and slowing its white hot cash burn rate. However, the company did say it will spend more capital in 2018 than it did in 2017. Here’s how
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Tesla reiterated in its earnings report on Wednesday that it is on target to produce 2,500 of its Model 3 electric sedans per week by the end of Q1 and 5,000 per week by the end of Q2. Tesla’s future as a mass-market carmaker hinges on automated production of the Model 3, which more than
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Twenty-First Century Fox reported earnings and revenue that topped Wall Street expectations on Wednesday. The stock gained more than 1 percent in extended trading. Here’s how the company did compared with what Wall Street: Adjusted EPS: 42 cents vs. 38 cents expected, according to Thomson Reuters Revenue: $8.04 billion vs. $7.94 billion expected, According to
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Japanese internet and energy company SoftBank reported Wednesday a more than 11-fold surge in profit for the fiscal third quarter thanks to strong sales and to improved results from U.S. carrier Sprint. SoftBank, which also owns stakes in Chinese e-commerce giant Alibaba and British computer chip and software giant Arm, said its October-December profit was
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Snap soared after an earnings report that beat analyst expectations, with shares jumping up to 28 percent during after-hours trading. The company reported Q4 earnings on Tuesday after the bell: Revenue: $285.7 million versus $252.9 million estimated, according to a Thomson Reuters consensus estimate Earnings: Loss of 13 cents a share vs. 16 cents per
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Bristol-Myers Squibb said its immunotherapy Opdivo helped patients with a common type of lung cancer live longer without the disease worsening in an eagerly awaited late-stage study, sending shares up 4 percent in premarket trade on Monday. The company, which also reported better-than-expected quarterly earnings, said the trial was testing Opdivo in combination with its
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Revenue last year was boosted by a bumper haul of “externalization” deals, involving asset sales and collaborations with other companies, which some analysts have criticised for flattering results. Such deals contributed $2.3 billion in 2017 out of total revenue of $22.5 billion, but AstraZeneca said they had peaked and would decline in 2018. AstraZeneca has
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Tomohiro Ohsumi | Getty Images Sony Corp. CEO Kazuo Hirai speaks during a press conference on June 29, 2016 in Tokyo, Japan. Japan’s Sony on Friday reported a nearly four-fold jump in third-quarter operating profit on growing demand for its image sensors, and raised its full-year earnings outlook. The electronics firm posted an operating profit
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Merck posted mixed fourth-quarter results, beating earnings expectations but falling short of revenue estimates despite skyrocketing Keytruda sales. Here’s how the company did compared with what Wall Street expected: EPS: 98 cents vs. 94 cents per share, according to Thomson Reuters Revenue: $10.43 billion vs. $10.5 billion, according to Thomson Reuters In the fourth quarter,
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