Earnings

EPS: $1.31 per share, adjusted, vs. $1.30. Revenue: $19.53 billion, vs. $19.39 billion. “We are pleased with our performance for the fourth quarter and full year 2017,” Chairwoman and CEO Indra Nooyi said in a statement. “We met or exceeded most of the financial goals we set out at the beginning of the year. We
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Nvidia shares are rising 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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The company said it doesn’t see the fall in sales as “Star Wars fatigue,” but rather a result of the timing of the merchandise release and advertisements. Goldner said that between Force Friday, a September merchandising event, and the release of “The Last Jedi” in December, customers were bombarded with products from other entertainment properties,
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