Earnings

Netflix has relied on international growth and heavy investments in original content to drive subscriptions — and Monday’s results provided an update on their effectiveness. Netflix’s addition of more than 7.4 million international subscribers set a new record, marking growth of 50 percent from a year ago. Chief content officer Ted Sarandos said Netflix has
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UnitedHealth: After speaking with its CEO, Cramer regards UnitedHealth as a “great” company with a multiyear trajectory and “an incredibly consistent track record of surprising Wall Street with good numbers.” “If you can get it in the teens, where my charitable trust did recently, I think that’s a terrific price,” he said in anticipation of
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The company said its first-quarter earnings rose 28 percent year over year, “driven in part by [a] lower tax rate.” BlackRock’s effective tax rate for the quarter was 19.6 percent last quarter, down from 23.8 percent in the first quarter of 2017. BlackRock also said its operating margin expanded to 38.4 percent in the quarter
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“Tax reform will provide the largest boost to previously high-tax rate sectors such as Telecom Services and Consumer Discretionary,” Kostin wrote. “Consensus expects the reduced tax rate will contribute 7 percentage points to full-year EPS growth of 19 percent. However, our 14 percent top-down 2018 EPS growth estimate in part reflects the fact that all
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Canada’s BlackBerry beat analysts’ profit estimates for its fourth quarter, and said it expects strong billings at its high-margin software and services business for the full year, sending its U.S.-listed shares up 5 percent. The company, which reinvented itself after customers ditched its smartphones for Apple’s iPhones and Android devices, said revenue from its enterprise
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Lululemon Athletica reported quarterly earnings and revenue that beat analysts’ expectations on Tuesday, as the athleisure brand reported success on a number of its key initiatives, including its expansion into menswear, online and internationally. The athleisure brand reported net revenue of $929 million, beating expectations of $912 million. That figure represented an increase of 18
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Chinese internet giant Tencent will step up investments in areas such as video, payment and artificial intelligence, it said after reporting better than expected quarterly net profit thanks to a string of successful IPOs. With a market capitalization of around $560 billion, Tencent is Asia’s most valuable listed company and the world’s no.5, after Apple,
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Cheerios cereal maker General Mills cut its full-year earnings forecast due to a sharp increase in freight and commodity costs, driving its shares down 9 percent in premarket trading on Wednesday. The Minneapolis-based company, which owns the Häagen-Dazs and Betty Crocker brands, said it would try to strengthen next year’s earnings by improving its distribution
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Oracle stock fell as much as 4 percent on Monday immediately after the company released mixed results for the third quarter of its 2018 fiscal year, which ended on February 28. The stock tumbled lower after executives issued guidance. * Earnings: Excluding certain items, 83 cents per share vs. 72 cents expected by analysts, according
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