Latest in Earnings

Charter Communications reported a 68% rise in diluted earnings per share in the first quarter as its total revenue climbed 5% to $11.7 billion, meeting Wall Street analysts’ expectations. Earnings reached $1.86 per share, compared with $1.11 in the same quarter a year ago. Adjusted EBITDA rose 8% to $4.5…

Apple reported earnings $58.3 billion in revenue last quarter and $2.55 earnings per share, beating expectations on both fronts. Sales were up 1% and profit up 4% from the year earlier quarter. The stock, which closed higher Thursday, popped in after hours trading on the earnings before retreating. “It was a very…

NBCUniversal CEO Jeff Shell sees “very, very encouraging” early signs from Peacock, but also sees “significant adjustments” being made to the expense side of the Comcast division in light of COVID-19. Shell delivered those comments during his first appearance on a Comcast earnings call, having taken over as CEO of…

Comcast posted mixed first-quarter results, missing Wall Street expectations for revenue, but beating profit forecasts and warning?investors of a “significant” hit to second-quarter results due to COVID-19. NBCUniversal showed clear signs of the pandemic’s impact, with its first-quarter revenue sliding 7% from a year…

AMC Entertainment, the nation’s largest exhibitor, took a moment away from its throwdown with Universal on Wednesday to say it’s delaying some key financial reports due to circumstances related to the COVID-19 pandemic that has shuttered its theaters worldwide. The company said via an SEC filing that it will delay…

Spotify shares jumped more than 12% Wednesday morning on strong quarterly numbers that showed a shift in listening patterns fueled solid subscriber growth last quarter amidst a global pandemic. The Stockholm, Sweden-based music streaming giant said monthly average users jumped 31% to 286 million, including 130 million…

Hasbro shares dipped in pre-market trading after the toy and entertainment company reported first-quarter results slightly below Wall Street expectations. Earnings swung to a loss of 51 cents a share from 21 cents in the year-ago quarter. Excluding one-time charges, notably costs related to the $4 billion acquisition…

SiriuxXM CEO Jim Meyer said Tuesday he “has been really clear that I want Howard Stern to be on SiriusXM for as long as Howard wants to work” as the satellite radio giants star attraction approaches the end of a five-year contract. Stern has commented that he’s stressed and wants to retire at year-end when his term is…

Undeterred by the current state of the industry, and despite posting a $668M profit loss for 2019, China's Wanda Film is betting big on the local theatrical business. The division of Dalian Wanda Group said that it intends to spend about $431M raised in a non-public offering of A shares to build more Middle Kingdom…

World Wrestling Entertainment, which has hit some bumps in the road recently, the latest being COVID-19, beat Wall Street estimates for first-quarter revenue and earnings. Its shares climbed more than 10% on the news. Net income for the period came in at $26.2 million, or 31 cents a share, while revenue of $291…

Major ad agency Interpublic reported steady first-quarter results, with adjusted earnings per share beating Wall Street expectations, but the company warned that COVID-19 will likely take a significant toll as the year continues. First quarter revenue dipped nearly 2% from the year-earlier period to $1.97 billion…

Netflix content chief Ted Sarandos said the streaming giant’s global content machine is not entirely shut down but currently in production in South Korea and Iceland, and that the company can take what it’s learning there around the world as more areas start to open. The situation is fluid, Sarandos said, but “those…