Earnings

Blue Apron‘s customer base is shrinking, but those who are staying are spending more. The number of customers Blue Apron served in the third quarter shrank 6 percent from a year earlier and 9 percent from the previous quarter. Average revenue per customer increased to $245 from $227 from the same time last year, but
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David Paul Morris | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer of Facebook Inc., speaks during an event in Menlo Park, California. Facebook CEO Mark Zuckerberg indicated that defending its 2 billion users from fake news, hate speech and other unwanted content may put a serious dent in the company’s profit margins. “I
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Mastercard on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations. Here’s how the company did compared with what Wall Street expected: EPS: $1.34 vs. $1.23 expected by analysts surveyed by Thomson Reuters. Revenue: $3.4 billion vs. $3.28 billion expected in the Thomson Reuters survey. Share prices rose 1.8 percent in the premarket after
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Pfizer quarterly profit beat market estimates, partly helped by higher-than-expected sales of its blockbuster pneumonia vaccine Prevnar, and the company also raised its full-year earnings forecast. Shares of the largest U.S. drugmaker were up marginally at $35.24 in premarket trading on Tuesday. Pfizer sold $1.52 billion worth of Prevnar in the third quarter, down nearly
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Merck reported profit ahead of Street estimates on strong sales of its cancer drug Keytruda but total revenue fell in the quarter from disruptions due to the NotPetya cyber attack and loss of market share for many of its older drugs. Sales of Keytruda more than doubled to $1.05 billion in the third quarter but
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Wynn Resorts chief Steve Wynn insisted Thursday the mass shooting in Las Vegas didn’t measurably hurt business for the company’s Las Vegas operations. In fact, the CEO said the company’s Las Vegas business turned in its “best third quarter in its existence, since 2005. And we’re particularly happy because our non-casino revenue was so strong.”
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The company beat analysts’ expectations in all three of its business segments, according to StreetAccount. Revenue from Azure was up 90 percent year over year, and commercial revenue for Office 365 subscriptions was up 42 percent. (As a whole, Microsoft’s revenue was up 12 percent.) Stifel analysts Brad Reback and Adam Borg were expecting Azure
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Google parent Alphabet has seen Class A shares rise about 25 percent this year as advertisers have continued to lean heavily on search advertising and YouTube. Network revenues were up 16 percent during the third quarter. “Our momentum is a result of investments that we’ve been making over many years in people, products and partnerships,”
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Amazon‘s third quarter results far exceeded Wall Street expectations Thursday, pushing up its stock by over 7 percent in after hours trading. Investors were expecting smaller profits as the third quarter is typically a heavy investment period for Amazon ahead of the holiday season. But strong growth in North American sales and Amazon Web Services
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Earnings season can be hard for traders as they try to game who will beat or miss Wall Street estimates. But one company is making it look easy. Business communications company LogMeIn has reported earnings per share higher than the consensus Wall Street estimate every quarter for the last 8 years, according to research firm
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Ford beat Wall Street expectations Thursday, driven in large part by cost reductions and strong sales in North America. The company said it has been cost cutting across several departments. Costs were also comparably lower this quarter because Ford suffered a massive recall of its vehicles this time last year. Last year Ford had to
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Visa beat Wall Street’s quarterly profit expectations on Wednesday as more people made payments using its world-wide network and it benefited from the acquisition of Visa Europe. The world’s largest payments network operator has beaten analysts’ earnings estimates over the past two years as consumer spending, which accounts for more than two-thirds of U.S. economic
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U.S. drugstore company Walgreens Boots Alliance’s profit and revenue beat analysts’ estimates in the fourth quarter, as it benefited from an expansion of mail services. Shares of the company rose 4.3 percent to $70.15 in premarket trading on Wednesday after Walgreens also forecast 2018 earnings largely above Wall Street forecasts. Walgreens said it expects 2018
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3M on Tuesday reported a third-quarter profit of $1.43 billion. The St. Paul, Minnesota-based company said it had net income of $2.33 per share. The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.21 per share. The maker of Post-it notes, industrial coatings
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The bankruptcy of Toys R Us weakened Hasbro‘s forecasts for the holiday season in otherwise strong third-quarter results on Monday, boding ill for a sector worried by the collapse of a major customer. The Amazon-fueled move away from brick-and-mortar retailing was behind the surprise filing last month by Toys R Us, which left Hasbro exposed
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