Posts filtered by tags: Earnings[x]


AMC Networks Sees Q2 Profit Tumble Amid Pandemic Conditions

AMC Networks said the coronavirus pandemic and a substantial impairment charge contributed to a significant decline in second quarter profit, the latest media company to show the signs of grappling with conditions that have scuttled TV production and slowed the flow of advertising. The New York owner of the AMC, IFC and Sundance cable networks […]
Tags: New York, News, Earnings, Amc Networks, AMC IFC, Coronavirus

Apple sees growth in Mac and iPad sales owing to global work from home restrictions

Apple had a strong June quarter, and Mac and iPad sales, aided by the global shelter-in-place rules, were a major contributor: iPad revenue grew, sequentially, by over 50%, while revenue from Macs increased by over 30% in the same period. iPhone sales, meanwhile, grew marginally over last year, but fell down by as much as nearly 9% compared to the March quarter. The Services category, which had done really really well for Apple in the March quarter, more or less remained unaffected, as Apple loo...
Tags: Travel, Iphone, Apple, Cook, News, Mac, La, China, US, Intel, Tim Cook, Earnings, App Store, Télé, UC San Diego Health, Maestri

Even as cloud infrastructure growth slows, revenue rises over $30B for quarter

The cloud market is coming into its own during the pandemic as the novel coronavirus forced many companies to accelerate plans to move to the cloud, even while the market was beginning to mature on its own. This week, the big three cloud infrastructure vendors — Amazon, Microsoft and Google — all reported their earnings, and while the numbers showed that growth was beginning to slow down, revenue continued to increase at an impressive rate, surpassing $30 billion for a quarter for the first t...
Tags: Google, Amazon, TC, Cloud, Enterprise, Microsoft, Azure, Tech, Earnings, Aws, Google Cloud Platform, Amazon Microsoft, Canalys, Market Analysis, Synergy Research, Synergy Research Group

Jio data traffic grows 30.2% YoY in Q1 2021, ARPU at Rs 140

In the June quarter, when nationwide lockdowns were at their strictest, Jio’s data traffic grew to 14,200 petabytes, up 10.6% from the March quarter. This is in line with Airtel’s data increase, which grew by 8.6%. The company posted a net profit of Rs 2,520 crore, up 183% YoY and only 8.1% QoQ, on account of the pandemic. Revenue stood at Rs 19,513 crore, a 4.7% QoQ increase and a 33.7% YoY increase. Unlike Airtel and Vodafone Idea, Jio’s AGR dues are paid off, and this gives it a significant a...
Tags: Travel, News, India, Telecom, Earnings, Airtel, Arpu, EBITDA, Reliance Industries, Jio, Mukesh Ambani, AGR, Jio Platforms, Earnings Jun20, Vodafone Idea Jio, Rajan Mathews Google

Fiat Chrysler Posts Slightly Smaller Loss; North America Profitable

Fiat Chrysler Automobiles revealed a second-quarter loss of $1.24 billion on Friday, down slightly from the $1.8 billion net loss posted for Q1. As before, the pandemic weighed heavily on the automaker’s finances, though this spring’s two-month shutdown of domestic manufacturing and the revenue drop arising from the virus didn’t spell red ink for its […] The post Fiat Chrysler Posts Slightly Smaller Loss; North America Profitable appeared first on The Truth About Cars.
Tags: Sales, Finances, Fca, Autos, Earnings, North America, Fiat Chrysler, Fiat Chrysler Automobiles, News Blog, High Finance

‘Couple of years’ before 5G has any significance in India, says Airtel’s Gopal Vittal

“ We have always maintained that the price of the spectrum on 5G as has been indicated is very expensive and we won’t be able to afford it at those levels,” Bharti Airtel India & South Asia CEO Gopal Vittal told investors on Thursday, adding that 5G is still a nascent technology and ecosystem, and that it would be quite some time before it has any significance in India. “The fundamental issue really is that at these levels of ARPU — 5G offers higher speeds and lower latency. If you have more spe...
Tags: Travel, Verizon, News, Supreme Court, India, Earnings, Airtel, Arpu, Kohli, Jio, Gopal Vittal, Vittal, AGR, IVRS, Badal Bagri, COVID

Daily Crunch: Apple beats Q3 expectations

Apple has a strong quarter despite coronavirus, Impossible Foods is coming to Walmart and NASA launches a new Mars rover. Here’s your Daily Crunch for July 30, 2020. The big story: Apple beats Q3 expectations Apple’s latest earning report suggests that the company is thriving despite COVID-19, with revenue of $59.69 billion in the third quarter of its fiscal year. That’s significantly higher than the $52.25 billion expected by analysts, and it reflects 11% growth year over year. This isn’t ...
Tags: Apple, Google, Amazon, Hbo, Disney, Tech, Walmart, Paypal, Nasa, Earnings, Cbs, Mars, Cvs, Sequoia, Impossible Foods, Astra

Big tech crushes Q2 earnings expectations

Today after the bell, Apple, Alphabet, Facebook and Amazon reported their earnings results. Each bested expectations, and all but one are up sharply in after-hours trading. Coming on the heels of a day’s worth of congressional hearings in which the four companies highlighted competition and downplayed their market position, the results are loud. The group’s collected earnings beats are especially impressive given that they came during a quarter in which the economy contracted, meaning that th...
Tags: Apple, Amazon, Facebook, Microsoft, Congress, Tech, Earnings, Cupertino, Cnbc, Sap, Alphabet, GAAP, Yahoo Finance, TechCrunch Apple, TechCrunch Facebook, TechCrunch Amazon

Apple Reports 3Q 2020 Results: $11.25B Profit on $59.7B Revenue, 4-for-1 Stock Split Announced

Apple today announced financial results for the third fiscal quarter of 2020, which corresponds to the second calendar quarter of the year. For the quarter, Apple posted revenue of $59.7 billion and net quarterly profit of $11.25 billion, or $2.58 per diluted share, compared to revenue of $53.8 billion and net quarterly profit of $10.0 billion, or $2.18 per diluted share, in the year-ago quarter. Both revenue and earnings per share were June quarter records. Gross margin for the quarter was 38...
Tags: Apple, UK, John Lewis, Featured, Mac, Australia, La, China, US, Alabama, Siri, Tim Cook, Earnings, App Store, Morgan Stanley, Pacific

Realogy saw transactions plummet as pandemic raged in Q2

Transaction sides in the franchise and brokerage business both fell more than 20 percent from 2019.
Tags: Radio, Earnings, Better Homes and Gardens, Coldwell Banker, Realogy, Markets & Economy, Brokerage, Select, Century 21, Ryan Schneider

Moving at ‘breakneck speed,’ Redfin posts unexpected revenue growth

The tech-oriented brokerage revealed Thursday that revenue in the second quarter of 2020 was up 8 percent year-over-year.
Tags: Wall Street, Radio, Venture Capital, Earnings Report, Earnings, Redfin, Industry News, Markets & Economy, Brokerage, Select, Pandemic, Chris Nielsen, Ibuying, Coronavirus, COVID-19, Coronavirus Pandemic

Apple's Services Segment Sees Double-Digit Growth in Q3 2020

Apple's services category, which includes iTunes, the App Store, Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, and more, continues to see major growth each quarter. According to today's earnings report covering the third fiscal quarter of 2020, Apple's services segment brought in $13.2 billion, up nearly $2 billion from the $11.5 billion earned in the third quarter of 2019, marking a June quarter record. Apple CEO Tim Cook said that Apple's record third quarter ...
Tags: Apple, Tim Cook, Earnings, App Store, Cook Apple

Ford’s Earnings Report Not Nearly As Dismal As Feared

Ford Motor Company made many investors happy on Thursday, reporting a less-than-feared loss in the second-quarter of 2020. Despite the company’s chief financial officer predicting a Q2 loss of $5 billion or more three months ago, the automaker’s actual earnings before interest and taxes was only in the red $1.9 billion — a minor miracle […] The post Ford’s Earnings Report Not Nearly As Dismal As Feared appeared first on The Truth About Cars.
Tags: Ford, Finances, Autos, Earnings Report, Earnings, Ford Motor Company, News Blog, High Finance, Coronavirus

Apple's Q3 Mac and iPad Sales Surge Despite Supply Constraints as People Work From Home

Apple today shared its earnings results for the third fiscal quarter of 2020, and iPad and Mac sales saw a surge in growth as people transitioned from working in offices to working from home. Both ‌iPad‌ and Mac saw double digit growth during the quarter. Mac sales brought in $7 billion, up from $5.8 billion in the year-ago quarter, while ‌iPad‌ sales brought in $6.5 billion, up from $5 billion in the year-ago quarter. Apple CEO Tim Cook said that these strong sales were achieved in spite of...
Tags: Apple, Cook, Mac, China, Tim Cook, Earnings

iPhone Revenue Saw Growth in Q3 2020 Thanks to iPhone SE Launch

Apple's retail stores in many parts of the world were shut down for much of the third fiscal quarter of 2020, but the iPhone still saw two percent growth, which Apple CEO Tim Cook said was a surprise as the company expected year over year ‌iPhone‌ performance to decrease. COVID-19 had the biggest hit on Apple's sales in April, but demand for the ‌iPhone‌ increased in May and June, which Cook attributed to the "very successful" release of the low-cost $399 iPhone SE and economic stimulus packa...
Tags: Apple, Cook, Featured, United States, Tim Cook, Earnings

Data consumption on Airtel grew by 8.6% QoQ during first months of lockdown

Data consumption per user on Airtel’s networks grew by 8.6% QoQ during the first three months of the nationwide COVID-19 lockdown, from 15GB per user per month to 16.3GB. The company’s net loss stood at Rs 15,933 due to accounting for the AGR dues that the telco intends to pay over the coming years. Not accounting for “exceptional” items, the net loss is Rs 436 crore, Airtel said in its press release for the quarter. Mobile service revenues stood at Rs 12,877.2 crore, down 0.5% QoQ, and up 18.5...
Tags: Travel, News, Earnings, Airtel, AGR, Earnings Jun20

Apple Reports 3Q 2020 Results: $11.25B Profit on $59.7B Revenue, 4-for-1 Stock Split Announced [Live Updates]

Apple today announced financial results for the third fiscal quarter of 2020, which corresponds to the second calendar quarter of the year. For the quarter, Apple posted revenue of $59.7 billion and net quarterly profit of $11.25 billion, or $2.58 per diluted share, compared to revenue of $53.8 billion and net quarterly profit of $10.0 billion, or $2.18 per diluted share, in the year-ago quarter. Both revenue and earnings per share were June quarter records. Gross margin for the quarter was 38...
Tags: Apple, Featured, Tim Cook, Earnings, Pacific, No AMP, Racial Equity and Justice Initiative

Samsung’s second-quarter profit grew 23% year-over-year, thanks to strong chip demand

Samsung Electronics sounded a cautiously optimistic note in its earnings report today. The company is continuing to deal with the fallout of the COVID-19 pandemic, but its memory business was fortified by demand for DRAM chips as data centers adapted to an increase in remote work and education. Second-quarter operating profit grew 26% from the previous quarter, and 23% year-over-year to 8.15 trillion won (about $6.84 billion), due largely to more sales of DRAM chips. Revenue fell 4% from the pre...
Tags: Apple, TC, Asia, South Korea, Memory, Samsung, Tech, Bloomberg, Intel, Smartphones, Earnings, Huawei, Samsung Electronics, TSMC, Samsung Electronic, Canalys

ALT Balaji has subscriber base of 3 million, yearly ARPU of Rs 130

ALT Balaji has a subscriber base of 3 million and a yearly Average Revenue Per User of Rs 130, Balaji Telefilms said in its earnings call for Q4FY20. 1.2 million of these subscriptions were added in the quarter ending March 2020. The company’s annual plan costs Rs 300, so this indicates that most subscribers are currently buying quarterly subscriptions — the company confirmed this, saying that 70% of users on average (about 2.1 million) are quarterly subscribers who pay Rs 100 for three month pa...
Tags: Travel, News, Earnings, Acquisition, Arpu, Company, Balaji Telefilms, ALT Balaji, COVID, Earnings Mar20

Earnings calls will reveal impact of COVID-19 on Zillow, Redfin, Realogy

Company earnings this week and next will likely provide insight into how big an impact the pandemic has had on real estate. Here's what to expect.
Tags: Radio, Earnings, Zillow, Redfin, Coldwell Banker, Realogy, Markets & Economy, Brokerage, Select, RE/MAX, Century 21, Sotheby's International Realty, Exp World Holdings, COVID-19, COVID, Zillow Redfin Realogy

Zee’s Punit Goenka on strategic investments into Zee5, avoiding film acquisitions

Zee Entertainment Enterprises Limited’s Punit Goenka said that Zee5 would avoid acquiring big ticket films like Hotstar and Amazon Prime Video have done. “I do not think we thought that as a strategy that would have been a rewarding one, and therefore we did not enter the bidding war. We will remain committed to our original content strategy going forward, including our original film strategy, which is to produce solely for the Zee5 platform, or acquire for the network as a whole.” “We have seen...
Tags: Travel, Amazon, News, David, Earnings, Zee, Goenka, Zeel, Hotstar, Zee Entertainment Enterprises, Punit Goenka, Zee5, Zee Entertainment Enterprises Limited, Earnings Mar20, Zee5 Goenka, SugarBox

IndiaMART sees massive reduction in cash generated from ops, and cash collected from customers

Even though B2B e-commerce platform IndiaMART increased its profits in the June quarter over the last quarter, the impact of the COVID-19 pandemic on it is clear: Cash generated from operations dipped a whopping 97% in June, compared to March, and collections from customers fell by 54% in the June quarter as opposed to the last quarter. Paying subscribers in June reduced by more than 9% compared to the last quarter. The company also saw a 10% decline in its revenue in the June quarter — a period...
Tags: Travel, News, E-commerce, Earnings, Agarwal, Dinesh Agarwal, Indiamart, Coronavirus, Earnings Jun20

Daimler Sees Positive Earnings by Year’s End, Reliance on Big Glitz

Mercedes-Benz parent company Daimler reported its second-quarter earnings Thursday, revealing a net loss of nearly 2 billion euros and a revenue drop of more than 12 billion euros. Thanks, coronavirus. While the red ink spilling from Daimler’s balance sheet is cause for concern, the automaker put on a happy face, regarding this year’s financial blows […] The post Daimler Sees Positive Earnings by Year’s End, Reliance on Big Glitz appeared first on The Truth About Cars.
Tags: Jobs, Luxury, Autos, Earnings, Mercedes Benz, Daimler, News Blog, Product Planning, Coronavirus

Tesla: A Surprise Profit, a Stock Bounce, and a Factory Site Secured

Everything was moving in Tesla’s favor Wednesday night, with the electric automaker reporting an unexpected quarterly profit — its fourth in a row — for Q2 2020. This positive financial news, made possible by other automakers’ hunger for regulatory credits, sent the company’s already elevated (overvalued?) stock closer to the face of God. At the […] The post Tesla: A Surprise Profit, a Stock Bounce, and a Factory Site Secured appeared first on The Truth About Cars.
Tags: Tesla, Production, Autos, Earnings, News Blog, High Finance, Assembly Plants

ALT Balaji doubled subscriber additions in 2019–20, but missed revenue expectation

ALT Balaji doubled the number of subscriptions it sold in the financial year 2019–20 compared to the previous year, Balaji Telefilms said in its quarterly presentation to investors. This takes the number of subscriptions sold by the company from 20.1 million in 2018–19 to around 40 million in 2019–20. In the quarter ended March 31, the service added 12,300 subscriptions per day (~1.2 million in the quarter), compared to 10,000 per day the previous quarter; but the company’s rate of growth in the...
Tags: Travel, News, India, Netflix, Earnings, App Annie, Company, Balaji Telefilms, Balaji, ALT Balaji, Earnings Mar20, Pune Losing

Tesla stretches profit streak to four quarters, gains 6% in after-hours trading

Tesla extended its profitability streak to four quarters today, its longest period of profitability to date according to Q2 earnings it disclosed after the market closed. Tesla hit that profitability mark despite nearly flat quarter-over-quarter revenues — and a 5% drop compared to the same period last year — thanks to a reduction in operating expenses and an increase in regulatory credit revenue. The automaker reported that it earned $104 million million in net income, or $0.50 a share, comp...
Tags: Transportation, Tech, Tesla, Automotive, Electric Vehicles, Earnings, EBITDA, Yahoo Finance Tesla

‘Economy has recovered sharply between April and June’, says HDFC MD Aditya Puri

On the basis of indicators such as oil consumption, electricity consumption, e-way bill and toll collections, along with capacity utilisation of companies in auto, steel, FMCG sectors, HDFC Bank managing director Puri concluded that the economy “appears to have recovered sharply from April” during the bank’s Q1FY21 earnings call on July 18. However, this recovery could see moderation in future because some of this is “pent-up demand from the lockdown phase that could lose steam”, steady rise in ...
Tags: Travel, News, Banking, Earnings, Fmcg, Tata, SEBI, HDFC, HDFC Bank, Puri, Shukla, STP, Digital Payments, Rahul Shukla, Coronavirus, Aditya Puri

Netflix will restart production in India ‘later this year’

“Parts of the world like India and some of Latin America are also more challenging and we are hoping to restart later in the year in these regions,” Reed Hastings, co-CEO said in his letter to shareholders. Bigger cities in India like Mumbai, where the majority of Bollywood productions are shot, continue to have thousands of new COVID-19 cases a day. “Outside of North America, parts of India and Brazil, we’re running pretty much in a normal fashion in terms of our volume around the world, and it...
Tags: Travel, Apple, Amazon, News, India, US, Netflix, Asia Pacific, Brazil, Earnings, North America, Mumbai, Ted Sarandos, Latin America, Reed Hastings, Hastings

Why Netflix shares are down 10%

Today after the bell, Netflix reported its Q2 financial performance. After its were out, the popular video streaming service saw its value drop sharply, with its shares off 10% in after-hours trading as of the time of writing. What happened to the high-flying Netflix, a company that you might have expected to report growth bolstered by the fact that many consumers in its home market are confined to their homes? The company not only failed to produce Q2 numbers that investors were uniformly ...
Tags: Video, Media, Tech, Netflix, Earnings, Ted Sarandos, Cnbc, Yahoo Finance

Tesla holds on to recent gains with bullish analyst target of $2,300

Wall Street darling Tesla is holding on to its recent gains today on the back of a bullish analyst report, despite some weakness in tech shares. Tesla has seen its value skyrocket in recent quarters, rising from a 52-week low share price of $211 to $1,548.81 today. That figure, however, is low in the eyes of some. Enter Piper Sandler. The Piper analyst report, which was first released late Monday, gives Tesla a new price target of $2,322, up from the group’s prior price target of a little ove...
Tags: TC, Mobile, Elon Musk, Tech, Tesla, Automotive, Electric Vehicles, Earnings, Electric Cars, Piper, Model 3, FSD, Zachary Kirkhorn, Nikola Nio