Tag Archives: earnings

After an unpredictable year, Verizon on Tuesday announced its fourth-quarter earnings. The company reported earnings per share of $1.11 for the quarter, down from analyst estimates of $1.17, according to Yahoo Finance. On an adjusted basis, which excludes special items such as a $404 million payment to severance and a $119 million net loss “primarily related to …

Netflix’s subscribers surpassed 200 million as the company closed out 2020, a milestone further cementing Netflix as the world’s biggest subscription streaming video service of its kind.  By comparison, Disney Plus — which has been the breakout hit in the so-called streaming wars, when a parade of new Netflix rivals launched — ramped up to 86.8 million subscribers in its first year. …

Uber and Lyft have seen their rides businesses plummet over the last several months, largely because of the coronavirus pandemic. And based on the companies’ third-quarter earnings, it doesn’t look like that’s changing. But with Uber and Lyft maintaining an optimistic tone and promising profitability in the not-so-distant future, stock prices have shown only modest drops, ranging from decreases of …

T-Mobile pitched TVision as “TV done right” when the mobile carrier unveiled its revamped live-TV streaming service in late October. To CEO Mike Sievert, that meant offering bundles of channels that weren’t carbon copies of what competitors like YouTube TV, Sling TV or Philo offer. It also meant being an “ally” to the programmers supplying TVision with those all-important channels, he said. “Of course, obviously, everything we’re announcing today …

T-Mobile is continuing to grow, even amid the pandemic. On Thursday the nation’s second-largest wireless carrier announced that it had crossed the 100-million mark for customers, with a new total of 100.4 million.  The company also beat analyst estimates on earnings per share and revenue for the third quarter, posting EPS of $1 on revenues of $19.3 billion. Analysts, as …

The lockdown forced by the coronavirus continues to be a driving force for Amazon, which saw its profit triple from a year ago. Those profits are expected to continue even as the company spends billions of dollars dealing with COVID-19.  Net income for the third quarter rose to $6.3 billion, or $12.37 a share, from $2.1 billion, or $4.23 a …

Apple’s iPhone sales plummeted 20% as consumers awaited the release of its iPhone 12 amid the continued spread of the coronavirus pandemic, which has upended lives, disrupted business and slowed manufacturing across the globe. But Apple executives said they aren’t terribly worried about it. That’s primarily thanks to Apple’s delay releasing the iPhone 12, creating a fluke in financial reporting that artificially made the …

Facebook’s third-quarter earnings and revenue beat Wall Street’s expectations even as advertisers boycotted the social network to put pressure on the company to do more to combat hate speech. Major brands, including The North Face, Verizon and Unilever, said they would pull advertising from Facebook. Civil rights groups called on businesses to pause spending on Facebook ads in July, the …

Apple’s iPhone 12 is winning praise for its new design, strengthened screen and better cameras. Now we’re about to learn if that’s enough to sell a phone that starts at $799 in the middle of a global pandemic and economic catastrophe. On Thursday, Apple is due to report results for its fiscal fourth quarter, and Wall Street analysts on average …

Verizon on Wednesday announced what it called “strong” third-quarter earnings, thanks to growth in its wireless phone business and Fios home internet service.  The company reported an earnings per share of $1.05 for the quarter, down from analyst estimates of $1.24 according to Yahoo Finance. On an adjusted non-GAAP basis the company says its EPS was $1.25, beating analyst expectations, …