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Business

“Netflix blows past earnings estimates as subscribers jump 16%”

“LOS ANGELES — Netflix will no longer provide quarterly membership numbers or average revenue per user starting next year, the company said Thursday as it reported earnings that beat on the top and bottom lines. Total memberships rose 16% in the first quarter, reaching 269.6… Continue Reading…

Stocks

“Temu-Owner PDD Holdings Easily Beats Q4 Estimates As Revenue Doubles”

“…For the three months ending Dec. 31, PDD Holdings said it earned an adjusted 15.83 Chinese yuan ($2.23) per share on sales of 88.88 billion yuan ($12.52 billion). On average, analysts were expecting PDD to post earnings of $1.57 per… Continue Reading…

Stocks

“Roblox shares rise 10% after company beats estimates and issues strong guidance”

“…Roblox also reported full-year revenue of $3.52 billion, versus an LSEG consensus estimate of $3.41 billion. The company’s full-year loss per share was $1.87, compared with a consensus estimate of $1.91. Roblox’s quarterly bookings hit $1.13 billion — the company’s… Continue Reading…

Business

“AT&T Earnings Top Estimates As Wireless Subscriber Adds Beat”

“…Analysts had projected AT&T earnings of 62 cents a share on revenue of $30.2 billion, according to FactSet. A year earlier, AT&T earned 68 cents a share on revenue of $30 billion from continuing operations. AT&T Stock: Free Cash Flow… Continue Reading…

Business

“Paramount to sell Simon & Schuster to KKR for $1.62 billion; media giant’s earnings top estimates”

“Paramount Global agreed to sell book publisher Simon & Schuster to private equity giant KKR for $1.62 billion, the media company said Monday as it reported earnings that topped Wall Street estimates… Paramount executives said during Monday’s earnings call that the proceeds… Continue Reading…

Stocks

“Verizon Earnings Fall From Year Earlier But Top Estimates; Revenue Misses”

“…For the period ended June 30, March, Verizon earnings came in at $1.21 on an adjusted share. Profit for VZ stock fell 7% from a year earlier. Revenue for Verizon stock dipped 3.5% to $32.6 billion. A year earlier, Verizon… Continue Reading…

Business

“Comcast beats estimates despite slowing broadband growth, higher Peacock losses”

“Comcast topped analyst expectations with its first-quarter earnings report Thursday, despite the cable and media giant’s residential broadband business’s slowing growth and mounting Peacock losses. Shares of the company rose more than 4% in premarket trading. The stock is up… Continue Reading…

Business, Stocks

“Coca-Cola earnings beat estimates, fueled by price hikes and higher demand”

“Coca-Cola on Monday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by price hikes and higher demand for its drinks. Shares of the company rose 1% in premarket trading. Here’s what the company reported compared with what Wall… Continue Reading…

Business

“McDonald’s sales, profit top estimates as inflation persists”

“Higher menu prices and customer visits boosted McDonald’s Corp quarterly profit and sales above Wall Street estimates on Tuesday, but shares fell when the burger chain warned inflation will weigh on margins in 2023. Shares of the burger chain fell… Continue Reading…

Business

“Kroger hikes forecast after stronger grocery sales top estimates”

“Kroger on Thursday raised its forecast for the year after stronger third-quarter sales topped Wall Street expectations and inflation continued to push up the prices shoppers pay for milk, eggs and other groceries… Here’s what Kroger reported for the three-month period… Continue Reading…