Hertz Global on Thursday reported a better-than-expect net profit as higher revenues and revenue management offset canceled reservations in hurricane-impacted parts of the United States, but the car rental company warned it was entering a period of weak demand amid high investment. The company’s shares rose 12 percent in after-market trading following the results. Hertz’s
Adjusted EPS: 10 cents loss, excluding items, vs. loss of $1.37 expected by a Thomson Reuters consensus estimate. Revenue: $124.8 million vs. estimate of $110.5 million by Thomson Reuters’ consensus. The company went public in late September in a $252 million IPO. Its fortunes have risen alongside services like Netflix that have moved TV viewership
ouis Ascui | Fairfax Media | Getty Images Jack Dorsey, CEO of Square Square is set to report earnings Wednesday after the closing bell. Here’s what Wall Street expects: EPS: 5 cents, according to Thomson Reuters. Adjusted revenue: $244.9 million, according to Thomson Reuters. Gross payment volume: $17.03 billion, according to StreetAccount. Square has beaten
Wendy’s reported lower-than-expected quarterly profit and sales as increased competition, lower grocery prices and hurricanes hit traffic at restaurants, leading the burger chain to cut its full-year adjusted earnings per share forecast. The company’s shares were down 3.5 percent to $14.22 in morning trade on Wednesday. Wendy’s also said higher commodity costs hurt profit margins
JPMorgan shared with clients its favorite department store stock picks ahead of a slew of earnings reports in the next week. While analyst Matthew Boss expects “mixed performance” across his coverage, a number of “wildcards” should keep investors on their toes through year-end. “With the heart of third-quarter earnings kicking off Thursday with the Department
Chesnot | Getty Images Gamers play the video game ‘Call of Duty WWII’ developed by Sledgehammer Games and published by Activision during the ‘Paris Games Week’ on October 31, 2017 in Paris, France. Activision Blizzard’s “Call of Duty: WWII” game sales are coming in significantly above last year’s iteration of the blockbuster franchise. The game
Facebook’s Instagram has more than 500 million daily users, while Snapchat is sitting at 128 million. Instagram has an easy-to-use interface that makes it a cinch to snap short videos and post them to friends and family. And your friends and family are probably already on Instagram since it uses the same credentials as Facebook.
Snap dropped 16 percent after it missed on revenue during its third quarter earnings Tuesday. Here are the headline numbers: Revenue: $207.9 million versus $236.9 million expected Earnings: Loss of 14 cents per share versus loss of 15 cents per share expected Daily active users (DAUs): 178 million versus 181.8 million expected Average revenue per
Snap is soaring ahead of its earnings Tuesday after the bell, and traders are expecting an even bigger move for the stock following its report. Since Snap’s IPO on March 2, shares have fallen more than 12 percent. As the company gears up for its third earnings report as a public company, the options market
Shares of Blue Apron plummeted more than 16 percent on Tuesday after the meal-kit service’s CEO said the company’s new fulfillment center in Linden, New Jersey, was a drag on profits. “Today Linden is performing as our worst margin operating center because it’s very new,” CEO Matt Salzberg said during the RBC Capital Markets Technology,
TripAdvisor shares fell sharply after the company posted hotel revenue that missed Wall Street expectations Monday. Here’s how the company did compared with what the Street expected: EPS: 36 cents vs. 35 cents expected, according to Thomson Reuters Overall revenue: $439 million vs. $451.8 million expected, according to Thomson Reuters Hotel revenue: $312 million vs.
Salesforce stock rose 2.5 percent after hours on Monday after the company disclosed guidance for its 2019 fiscal year for the first time. The guidance suggests the company could post revenue growth of up to 20 percent. In a statement the company said it would bring in $12.45 billion to $12.5 billion in revenue for
Shares of The Priceline Group fell after hours Monday after the company reported disappointing fourth-quarter guidance that overshadowed positive third-quarter results. Here’s how the company did compared with what Wall Street expected: EPS: $35.22 per share vs. $34.25 expected by analysts surveyed by Thomson Reuters. Revenue: $4.43 billion vs. $4.34 billion expected in the Thomson
Mylan on Monday raised the lower end of its 2017 forecasts as the U.S. drugmaker expects to benefit from the earlier-than-expected approval of its copycat of Teva’s blockbuster multiple sclerosis treatment Copaxone. Shares of the company reversed course and rose 1.5 percent to $36.25 in premarket trading on Monday. Mylan raised the lower end of
Starbucks hit the reset button Thursday. The coffee company, which reported revenue that fell lower than Wall Street expectations, and earnings per share were in-line with expectations, initiated a new long-term outlook, slashing earnings estimates for 2018. But its CEO is feeling optimistic about the brand’s ability to meet and exceed those new targets, and
CBS, owner of the most-watched U.S. TV network, on Thursday reported revenue that missed Wall Street estimates largely due to lower ad sales, sending shares lower. The company’s shares were down 1 percent on Friday morning. CBS, like its peers, is looking to diversify its revenue away from advertising as more advertisers shift spending to
Daniel Boczarski | Getty Images A cosplayer dressed as Blackhardt from ‘Overwatch’ attends the C2E2 Crown Champions of Cosplay at McCormick Place on April 22, 2017 in Chicago, Illinois. Activision Blizzard reported earnings and revenue that beat expectations Thursday and raised its full-year guidance. Here’s how the company did compared with what Wall Street expected:
Pandora Media on Thursday reported mixed quarterly results. Here’s how the company did compared with what Wall Street expected: Loss per share: 6 cents vs. 8 cents expected, according to Thomson Reuters Revenue: $379 million vs. $380.6 million expected, according to Thomson Reuters Active listeners: 73.7 million vs. 74.6 million expected, according to StreetAccount Listener
Gross margins were 37.9 percent during the quarter, slightly below the 38 percent expected by a StreetAccount consensus estimate — meaning Apple is selling products that are more expensive to make. This all comes as Apple moves within arm’s reach of a trillion-dollar valuation, securing its place as the most valuable public company in the
Starbucks reported revenue that missed analysts’ expectations on Thursday, sending shares down more than 3 percent. The miss shows the Seattle cafe chain continues to regain its footing amid a more challenging retail and restaurant landscape in the U.S. Here’s how the company did compared with what Wall Street expected: Adjusted EPS: 55 cents vs.
Teva Pharmaceutical Industries, the world’s biggest generic medicine maker, warned on 2017 earnings on Thursday after reporting a fall in third-quarter profit hurt by competition in the U.S. market. Shares plunged nearly 18 percent on Thursday morning. A day earlier U.S. shareholder Allergan announced it would begin selling down its 10 percent stake in the
All three of Yum’s brands, which also includes KFC and Taco Bell, beat expectations for same-store sales growth during the quarter, according to StreetAccount. Taco Bell reported same-store sales growth of 3 percent, above Wall Street estimates of 2.5 percent; Pizza Hut saw growth of 1 percent, exceeding forecasts of a 0.7 percent decline; and
Chinese e-commerce giant Alibaba said on Thursday its quarterly revenue climbed 61 percent, beating analysts’ estimates, helped by growth in its core e-commerce business. The firm, headed by billionaire entrepreneur Jack Ma, posted 55.12 billion yuan ($8.34 billion) in revenue for the July-September quarter, above a 52.2 billion yuan forecast by analysts polled by Reuters.
Bombardier said on Thursday it received a letter of intent from a European customer to buy up to 61 CSeries jets, while reporting a larger loss for the third quarter. The Canadian plane and train maker said the letter of intent includes 31 firm orders and options for another 30 jets. Based on list prices,
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
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
Tesla shares fell Wednesday after the company posted a wider-than-expected loss as it spent heavily to ramp up production of its Model 3, its first mass market electric sedan. Complications with Tesla’s manufacturing processes have slowed production of the Model 3, a car widely considered key to Tesla’s future success. Hopes for the Model 3
Shake Shack is opening more locations and investors are cheering. The burger chain said it would be expanding the number of its restaurants in 2017 and 2018 and raised both its same-stores sales and revenue estimates for the end of this year. Shares of the burger chain rose as high as 9.9 percent on Wednesday
The New York Times Co. reported a better-than-expected quarterly profit, as it signed up more advertisers and subscribers for its digital publications, helping offset a slide in print sales. The company added about 154,000 paid only subscribers to various websites, including the New York Times website, in the third quarter. Digital advertising revenue rose 11
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