Wynn Resorts posted beats on its top and bottom lines in the fourth quarter. In results released after the closing bell Wednesday, both Macao locations and Las Vegas were strong while Boston Harbor was essentially in line with expectations. The Club stock moved higher in after-hours trading. Operating revenue for the three months ended Dec. … Read more
Disney reported stronger-than-expected fiscal 2024 first-quarter earnings after the closing bell Wednesday as cost reductions across its many businesses boosted margins despite flat revenue. A strong profit forecast for the rest of fiscal 2024 and an upsized capital return program helped send shares up more than 6% higher in after-hours trading. Revenue was about flat … Read more
SAN FRANCISCO — The Walt Disney Co. posted stronger than expected earnings in the October-December quarter, boosted by cost cuts and growing revenue from its theme parks business. Disney earned $1.91 billion, or $1.04 per share, in the fiscal first quarter. That’s up 49% from $1.28 billion, or 70 cents per share, in the same … Read more
A PayPal sign is seen at its headquarters on January 30, 2024 in San Jose, California. PayPal announced plans to lay off 2,000 employees or 7 percent of its workforce. Justin Sullivan | Getty Images News | Getty Images PayPal reported better-than-expected fourth-quarter results on Wednesday, but issued guidance that was a bit below estimates. … Read more
Arm makes the CPU architecture for chips found in nearly all smartphones. An Arm chip is shown here in San Jose, California, on October 12, 2023. Sydney Boyo Arm reported fiscal third-quarter earnings that beat estimates and gave a strong profit forecast for the current quarter. The shares soared more than 20% in extended trading. … Read more
Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Joe Scarnici | Getty Images Entertainment | Getty Images Snap shares tanked 30% in Wednesday morning trading, a day after the company missed revenue estimates and issued light guidance in … Read more
David Baszucki, chief executive officer and co-founder of Roblox Corp., speaks during a Bloomberg Studio 1.0 television interview in San Francisco, California, on Thursday, April, 21, 2022. David Paul Morris | Bloomberg | Getty Images Roblox reported results for the fiscal fourth quarter on Wednesday that beat consensus estimates on the top and bottom lines. … Read more
Uber CEO Dara Khosrowshahi looks on during the APEC CEO Summit at Moscone West on November 15, 2023 in San Francisco, California. Justin Sullivan | Getty Images Uber reported fourth-quarter results Wednesday that beat analysts’ estimates on top and bottom lines. Shares fell more than 1% in premarket trading. Here’s how the company did: Earnings per share: 66 cents vs. … Read more
Alibaba is operating in Suqian City, Jiangsu Province, China, on December 29, 2023. Costfoto | Nurphoto | Getty Images Alibaba missed market expectations for revenue in the December quarter, but announced it is increasing the size of its share buyback program by $25 billion, sending shares to whipsaw after earnings were released. U.S.-listed shares in … Read more
Burbo Bank, Liverpool Bay, England, viewed from the sea turbines on Burbo wind farm off the UK coast. Ucg | Universal Images Group | Getty Images Danish renewables giant Orsted on Wednesday announced plans to cut jobs, pause its dividend payouts to shareholders and exit several offshore wind markets after a tumultuous year of rising … Read more
