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Posts Tagged ‘earnings’

Netflix Q3 earnings exceed estimates, despite disappointing US subscriber growth

Netflix’s Q3 financial report has given the company’s stock a boost in after-hours trading, with profits significantly exceeding analyst expectations. The streaming giant reported revenue of $5.24 billion revenue, up 31% year-over-year and more-or-less in line with predictions of $5.25 billion. More impressively, it reported GAAP earnings of $1.47 per share, compared to analyst estimates ...

Lyft’s stock is a roller coaster after its Q2 earnings release

In its second quarterly earnings release as a public company, Lyft showed it still isn’t afraid to lose money as long as that means surging revenues. Update: The company’s stock price jumped as high as 12% after-hours following the Q2 earnings release, but by 1:30pm PT the stock had sunk below the day’s close (following ...

Fitbit lowers guidance after Versa Lite disappoints

Fitbit continued solid device growth for Q2, up 31%, year over year, representing a 5% bump in revenue. From that angle, the company’s long-term turnaround appears to be on track — but things weren’t all cheery this time out. Notably, the company’s stock is down in after-hours trading after it lowered guidance for annual revenue. ...

Spotify hits 108M paying users and 232M overall, but its average revenue per user declines

Spotify added 8 million subscribers in the quarter that ended in June, slightly below the estimated 8.5 million figure, the streaming giant reported today. The top music streamer said it had amassed 232 million monthly active users and 108 million paying subscribers at the end of June, up from 217 million users and 100 million ...

Samsung posts 55.6% drop in second-quarter profit as it copes with weak demand and a trade dispute

As it forecast earlier this month, Samsung reported a steep drop in its second-quarter earnings due to lower market demand for chips and smartphones. The company said its second-quarter operating profit fell 55.6% year-over-year to 6.6 trillion won (about $5.6 billion), on consolidated revenue of 56.13 trillion won, slightly above the guidance it issued three ...

iPhones have weak quarter, but wearables are doing great

As anticipated, Apple’s hardware numbers were a mixed bag during today’s Q2 earnings report. Apple continues to shift much of its resources to services and content, including a billion dollar push into Apple TV+. But while iPhone number were down, things weren’t all bad on the device front. Notably, wearables are up in a big ...

Snap’s 2019 comeback continues with heavy user growth in Q2

After a tumultuous public debut, the state of Snap in 2019 is slowly improving and Wall Street is responding. The social media messaging company is up nearly 12% after-hours following a beat on Q2 earnings, announcing $388 million in revenue versus the the Zacks consensus estimate of $358.5 million, and a loss of $0.06 EPS ...

Azure revenue continues to slow down for Microsoft

Microsoft reported in its FY19, Q4 earnings report today that Azure, the company’s infrastructure as a service (IaaS) offering, grew at 64 percent. It may feel like a large number, but was part of a downward trend Microsoft has been experiencing throughout the entire fiscal 2019 earnings cycle. The growth rates for FY19 were, Q1: ...

Netflix reports first net subscriber loss in the US, misses global subscriber growth predictions

Netflix’s continued subscription price hikes might finally have reached the end of some customers’ patience in the U.S., judging from an overall paid subscriber decline the company reported in its quarterly earnings for its fiscal second quarter 2019 results. The company’s overall growth for paid subscribers climbed by 2.7 million worldwide, but it actually added ...