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Category: earnings

Netflix shoots down report regarding its plans for a weekly TV news show

gettyimages 866643100 150x150 - Netflix shoots down report regarding its plans for a weekly TV news show

During yesterday’s earnings call, Netflix seemingly shot down a recent report that had claimed the streaming service was planning to make its move into the news business via a weekly TV show. In March, MarketWatch had reported Netflix was eyeing the news business, and was planning a news magazine show that would rival CBS’s “60 […]

LG forecasts record Q1 profit despite its struggling smartphone division

lg 006 150x150 - LG forecasts record Q1 profit despite its struggling smartphone division

LG’s mobile business may be a serial loss-maker, but the rest of the Korean firm’s interests are doing pretty… better than ever actually according to its newest earnings forecast. Like fellow countryman Samsung, LG is on course for company-record Q1 financial results. The company is predicting an operating profit of 1.1 trillion KRW ($1.03 billion) […]

Oracle’s cloud biz heading in the wrong direction right now

gettyimages 528022932 150x150 - Oracle’s cloud biz heading in the wrong direction right now

Oracle announced its quarterly earnings last night, detailing that its cloud business grew 32 percent to $1.6 billion in the quarter. That might sound good at first blush, but it’s part of three straight quarters of reduced growth — a fact that had investors jittery over night. It didn’t get better throughout the day today […]

Stitch Fix falls 6% after earnings miss

1513719875 mo111717 hires 4 150x150 - Stitch Fix falls 6% after earnings miss

Stitch Fix, the on-demand fashion styling business, saw its shares quickly fall 6% following the bell on Monday, after missing earnings projections for its second-quarter release.  The company posted an adjusted earnings per share of two cents, beneath the six cents that analysts surveyed by Yahoo! Finance were hoping for. Revenue for the quarter surpassed […]

Alibaba rival JD.com posts first annual profit as a public company

1520002601 jd com delivery 150x150 - Alibaba rival JD.com posts first annual profit as a public company

You might hear e-commerce in China and assume ‘Alibaba,’ but another company is making progress to challenge that assumption. JD.com, the nearest e-commerce competitor to Alibaba in China, has reported its first year of profitability as a public company. The Beijing-headquartered company was founded in 1998 and it went public on the Nasdaq nearly four years ago. For […]

Box shares fall over 20% on concerns over slowed growth

1519918856 aaron levie15 150x150 - Box shares fall over 20% on concerns over slowed growth

Cloud storage provider Box started out the day Thursday down over 20% on the stock market. Shares traded as low as $19.11 in early hours of trading, down from a previous close of $24.07. The company reported quarterly earnings after the bell on Wednesday, and while its losses of six cents per share surpassed analyst expectations […]

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