Comcast beat third-quarter earning expectations on Thursday, as the Summer Olympics in Paris boosted NBCUniversal’s revenue and Peacock’s subscriber count. Shares of Comcast gained 6% in premarket trading Thursday. Here is how Comcast performed, compared with estimates from analysts surveyed by LSEG:Here is how Comcast did for the quarter, according to estimates from analysts surveyed by LSEG:Earnings per share: $1.12 vs. $1.06 expectedRevenue: $32.07 billion vs. $31.66 billion expectedFor the quarter ended Sept. 30, net income was down 10% to $3.63 billion, or 94 cents a share, compared with $4.05 billion, or 98 cents a share, a year earlier. Adjusted earnings before interest,…
Author: usaeverydaylife
Wall Street’s bullish sentiment on Microsoft hasn’t faded, even after the tech giant forecast disappointing revenue growth numbers. On Wednesday, Microsoft posted fiscal first-quarter earnings of $3.30 per share on revenue of $65.59 billion, exceeding analysts’ expectations of $3.10 in earnings per share on revenue of $64.51, per LSEG. The company’s revenue increased 16% year over year in the quarter, and its net income rose 11% during the period compared to the year-ago quarter. But Microsoft also called for revenue to be in the range of $68.1 billion to $69.1 billion for the current quarter, falling short of the $69.83…
A Peloton bike is displayed at a Dick’s Sporting Goods store on May 08, 2024 in Daly City, California. Justin Sullivan | Getty ImagesPeloton is back to generating free cash flow and is edging within reach of profitability as the connected fitness company reigns in costs and looks to improve the unit economics behind its hardware, it said Thursday. Despite the progress, Peloton is expecting to lose more members and sell less bikes and treadmills than Wall Street analysts had expected during its all-important holiday quarter. Still, the stock rose 10% in premarket trading Thursday after the quarterly update and the announcement of…
A general view shows the leaves turning yellow in a vineyard at the end of the harvest season in the Siebengebirge mountain area along the Rhine River in Bonn, Germany, on October 25, 2024. Nurphoto | Nurphoto | Getty ImagesInflation in the 20-nation euro zone rose to 2% in October, preliminary figures released by statistics agency Eurostat showed Thursday. Economists polled by Reuters had forecast a headline figure of 1.9%. The September headline reading was revised down to 1.7% from 1.8% on Oct. 17, below market expectations. Core inflation was unchanged at 2.7%, also slightly higher than the 2.6% expected. The…
A China Southern Airlines Airbus A321 plane is towed at Changi Airport in Singapore April 4, 2024. Edgar Su | ReutersChina’s top three state-owned airlines reported profit declines in the third quarter despite record summer passenger numbers and fuller planes than last year, as a slowdown in domestic economic growth pushes flyers to seek cheaper fares.Beijing-headquartered Air China on Wednesday reported a net profit of 4.14 billion yuan ($581.34 million) in the quarter, down from 4.24 billion yuan a year earlier.China Eastern Airlines on the same day posted a net profit of 2.63 billion yuan, down 28.2% year on year.The country’s largest airline China Southern said on…
AB InBev Budweiser and Bud Light brand beer cans at a store in the Queens borough of New York on Feb. 28, 2024.Bloomberg | Getty ImagesAnheuser-Busch InBev on Thursday reported third quarter profits, revenues and volumes all well behind forecasts, as the top brewer sold less beer in key markets like the United States, Mexico and China.The world’s largest beer maker however also raised its full-year guidance and announced a $2 billion share buyback over the next 12 months.”Our teams and partners continue to execute our strategy and we are confident in our ability to deliver”, CEO Michel Doukeris said…
The U.K.’s new Labour government unveiled a debut budget plan that includes £40 billion ($51.8 billion) worth of tax rises and even bigger spending plans. Wall Street and City analysts have identified several stocks that could benefit from the measures announced Wednesday. Investment banks also suggested that stocks that had dipped ahead of the budget are likely to now gain on better-than-expected outcomes. Online gambling Shares of U.K.-listed gambling firms had traded significantly lower in recent weeks on media reports that the U.K. government planned to increase taxes on such firms to raise about £3 billion. No such taxes were…
RIYADH — National debt is a major threat to markets in the near future, Saudi Arabia’s finance minister said, expressing particular concern over lower income countries as well as what he described as rapidly growing global fragmentation.”I think globally, the serious, serious issue that we need to watch is sovereign debt issues, particularly in low-income countries and emerging economies that do not have the fiscal buffers to lean into in case of disruptions in the market,” Mohammed Al-Jadaan told CNBC’s Dan Murphy Wednesday from the Future Investment Initiative in Riyadh.”And hopefully between the IMF and the G20 we will find…
Traders sit in front of trading screens at ETX Capital in central London on January 3, 2017. London’s FTSE 100 reached a historic peak at 7,205.21 points in morning trade, extending a record run seen in the final week of 2016, before easing back from its highs. Daniel Leal | Afp | Getty ImagesLONDON — European markets opened lower on Thursday, as investors look ahead to the latest euro zone inflation data and consider the latest key earnings from the region.The pan-European Stoxx 600 was last down 0.58% shortly after markets began to trade, with most sectors and major regional bourses…
The street leading to Zytglogge (Clock Tower) in Bern, Switzerland.Urbazon | Istock | Getty ImagesSwitzerland could be at risk of slipping into deflationary territory next year, as a stronger Swiss franc beleaguers policymakers’ efforts to get a handle on price growth.The Swiss National Bank cut interest rates for the third time this year in September, citing the strength of the safe-haven currency as a key driver of the country’s falling inflation rate, alongside lower oil and electricity prices.The central bank also revised down its forecasts, putting the average annual inflation rate for 2024 at 1.2% from 1.3%, while projecting price…
