Earnings

“The recapture of our prior listeners is a very, very important factor for us,” Chief Executive Roger Lynch told Reuters in an interview. “March was the first time in 18 months where we increased the recapture of lapsed listeners.” For paid users, Pandora’s revenue per user jumped to $6.30, up nearly a third from $4.76
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CBS, which is in tough merger talks with Viacom, topped revenue and profit estimates on Thursday, helped by healthy ad sales and higher revenue from affiliate and subscription fees. The New York-based company, whose shows include “Big Bang Theory” and “NCIS” reported strong results as it and Viacom, which are both controlled by Sumner Redstone
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U.S. drug distributor Cardinal Health reported a lower-than-expected quarterly profit on Thursday and cut its annual earnings forecast as its medical device unit Cordis was hit by supply chain issues and higher costs. Cardinal’s shares plunged 18 percent on Thursday. Chief Executive Mike Kaufmann said the company is moving aggressively to address operational and supply
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U.S. chemicals producer DowDuPont reported a higher-than-expected first-quarter profit on Thursday as increased prices for its products and demand for packaging, paint and other materials made up for a weak agriculture business. The chemical producer, formed by the merger of Dow Chemical and DuPont last year, clocked up net sales of $21.5 billion for the
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The payments company said it will continue to reinvest in its business, focusing on revenue growth over profit expansion. “Given the significant market opportunity ahead of us, we will continue to reinvest in our business to drive future growth,” it said in a statement. Gross payment volume grew 31 percent to $17.8 billion for the
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Tesla posted a narrower-than-expected loss on Wednesday as the electric car maker spent heavily to make gains in Model 3 production in April. While Tesla continued to burn through cash at a much more rapid pace than the previous quarter to hit its production goals, its burn rate was slower than analysts had expected. But
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Some of the numbers weren’t a big surprise, given the company’s financial forecast in March, when the company said it expects to hit as many as 96 million subscribers this year. Spotify maintained its outlook for the year on Wednesday, saying it plans to lose up to 330 million euros this year (about $397 million
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U.S. health insurer Humana reported a better-than-expected quarterly profit and raised its full-year profit forecast on Wednesday, as it signed up thousands more for its government-backed Medicare Advantage business. Membership for Medicare Advantage’s individual plans, which provide insurance to the elderly and disabled, rose 6 percent to 3 million in the first quarter. Employer or
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Apple‘s cash on hand fell to $267.2 billion in the March 2018 quarter, as new tax changes have freed up spending options for the iPhone giant. That’s $17.9 billion less than the the $285.1 billion it reported at the end of the previous quarter and the lowest total since June. The company reported the updated
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Apple’s gargantuan net income has piled up over the years, resulting in a cash reserve of $267.2 billion as of the March quarter. But until recently, the overseas portion of that money was subject to relatively high tax rates. Nonetheless, Apple has steadily increased its dividends since its 2014 stock split. Apple said Tuesday it
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There are two ways to look at Apple right now. On one hand, the company’s a profit machine — and investors are hoping to see some of that money given back to them tonight in stock buybacks, as Apple divvies up overseas cash that it brought back to the U.S. thanks to tax cuts. But
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Botox maker Allergan reported a better-than-expected quarterly profit on Monday and raised its full-year forecast for adjusted net income, driven by higher sales of its medical aesthetics products including the blockbuster wrinkle treatment. The company’s shares rose about 2.4 percent to $166.70 in premarket trading. Sales of Botox, its biggest drug by revenue that is
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McDonald’s on Monday reported better-than-expected first-quarter earnings, as menu price increases fueled higher check averages in the U.S. Although McDonald’s has been luring customers with a number of value deals, the larger tickets prove diners aren’t just looking for cheap eats. Global same-store sales were also strong, rising 5.5 percent and topping estimates of 3.7
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To doubters of his bold statement, Cramer said, “What are you looking for, incrementalism? This wasn’t incrementalism. This is a new order.” Amazon shares jumped in early trading Friday, briefly rising above its all-time high of $1,617.54. Analysts were quick to gush over Amazon’s prospects. The most bullish, Macquarie’s Ben Schachter, raised his 12-month price
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Microsoft opened nearly 4 percent up Friday, the day after a first quarter earnings beat. The tech giant reported a 16 percent bump in sales for the quarter, led by revenue growth in its intelligent cloud segment. Shares of Microsoft initially fell in after-hours trading Thursday following the report, but recovered on a positive outlook
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Chevron saw its stock price jump as it reported first-quarter earnings that easily topped expectations, fueled by rising oil and natural gas production and higher commodity prices. Shares of Chevron were up more than half a percent shortly after the U.S. stock market opening, backing off stronger gains before the bell. Chevron’s profits have steadily
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