Earnings

EPS (non-GAAP): $0.12 cents vs. $0.05 expected, according to Thomson Reuters. Revenue: $574 million vs. $536.7 million expected, according to Thomson Reuters. Monthly active users: 328 million vs. 329 million expected, according to StreetAccount. Quarterly GAAP net loss was $116 million, representing GAAP diluted EPS of ($0.16). Twitter started the year strong when the company
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Comcast added 114,000 customer relationships during the quarter, fewer than the 116,000 added this time last year, as residential video customers fell more this year. The company added 175,000 high-speed internet customers, a bit less than the 220,000 added a year earlier. Still, Comcast grew cable communications revenue by 5.5 percent in the period as
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Verizon earnings met analyst expectations and beat revenue projections for its second quarter, helping the company’s stock rebound from a disappointing year. Earnings per share were up slightly at 96 cents compared with 94 cents in the year-ago quarter. Revenue rose modestly to $30.55 billion from $30.53 billion. Analysts expected profit per share of 96
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Whole Foods Market posted third-quarter earnings on Wednesday that beat analyst expectations. EPS: 36 cents adjusted vs. 33 cents expected, according to Thomson Reuters Revenue: $3.73 billion vs. $3.72 billion expected, according to Thomson Reuters U.S. same-store sales: down 1.9 percent vs. down 2.2 percent expected, according to StreetAccount In the third quarter, net income
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Ford‘s second-quarter earnings topped analysts’ expectations on Wednesday, helped by strong performance at its financing arm, higher sales of its F-Series and other trucks and a lower-than-expected tax rate. The company raised its full-year earnings forecast to a range of $1.65 to $1.85 a share, on an adjusted basis. However, the improved outlook was also
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During the second quarter, Coke said the company made progress in some of its key initiatives, which included transforming the business’ beverage portfolio, getting away from sugary drinks and growing in global markets. Quincey has made it clear he wants to focus on boosting Coca-Cola’s sales of smaller-sized packages and no-calorie sparkling beverages to meet
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Boeing shares soared nearly 8 percent to a record high after the world’s biggest plane maker posted second-quarter profit and cash results that beat estimates, and lifted its full-year forecasts. Boeing has cut spending aggressively by streamlining production, reducing payrolls and winding down development costs. Its 787 Dreamliner contributed about $530 million in cash in
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Hershey, the maker of Reese’s Peanut Butter Cups and Hershey’s Kisses, reported a higher-than-expected quarterly profit on Wednesday, helped by cost-cutting and on strong demand in the United States. Sales in North America, Hershey’s largest market, rose 2.2 percent to $1.47 billion in the second quarter ended July 2. Hershey, apart from implementing a cost-cutting
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AT&T lost 199,000 subscribers, but the loss was offset by gains in its DirecTV Now online streaming service. The total number of video subscribers was essentially flat from last year, the company said. Stephens hailed bundle packages as a way to attract and keep customers. Since AT&T acquired DirecTV, the number of wireless subscribers with
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Wells Fargo, the third-largest U.S. bank by assets, easily beat Wall Street expectations with second-quarter earnings of $1.07 per share but revenue was light and shares fell. The decline in the stock price wiped out Wells’ gains for the year. The bank had been expected to show profit of $1.01 per share on revenue of
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That said, Citigroup’s “Markets and Securities Services” revenue declined by 5 percent to $4.388 billion year over year, largely because of an 11 percent pullback in equity markets sales. In a release, the bank said the decline in equities trading reflected “episodic activity in the prior year period, as well as low volatility in the
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Matthew Busch | Bloomberg | Getty Images Tom Reilly, chief executive officer of Cloudera Inc. Cloudera, a developer of software for managing and analyzing vast amounts of data, posted better-than-expected financial results in the company’s first earnings report since its IPO. That wasn’t good enough for Wall Street. Cloudera shares plunged 15 percent after hours
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Truck and engine maker Navistar posted a quarterly loss, compared with a year-ago profit, partly due to lower sales of its trucks in the United States and Canada and a $60 million charge related to used-truck inventories. Navistar’s shares were down about 9.5 percent in premarket trading on Tuesday. Revenue in the company’s truck business,
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Qilai Shen | Bloomberg | Getty Images Travis Kalanick, chief executive officer of Uber Technologies Inc. “The narrowing of our losses in the first quarter puts us on a good trajectory towards profitability,” Uber said in a statement to CNBC. But Gautam Gupta, the start-up’s head of finance, is leaving to join another San Francisco-based
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Nutanix shares jumped 12 percent in extended trading on Thursday after the developer of cloud storage and networking software reported third-quarter revenue that topped analysts’ estimates. Nutanix, which went public last year, generated sales growth of 67 percent, with new business coming from companies including Caterpillar, Volkswagen and Sprint. Corporations are flocking to Nutanix’s hybrid
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Lowe’s first-quarter earnings and sales fell short of Wall Street estimates, sending shares of the home improvement retailer tumbling in premarket trade. In the wake of a strong first quarter for rival Home Depot, which recently reported better-than-expected same-store sales fueled by strong sales of big-ticket items, expectations for Lowe’s were high. But the results
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Home Depot just showed Wall Street how it can buck the latest negative trends in retail, with both profit and same-store sales handily outpacing Wall Street estimates. The retailer also raised its fiscal 2017 profit outlook. Shares of the stock traded were up 1.5 percent following the report. Here’s what the company reported vs. what
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