Netflix missed its own estimates — as well as Wall Street’s projections — on subscriber growth by 1 million new accounts when the streaming giant reported its second-quarter financial results on Monday afternoon, sending its stock price tumbling more than 10 percent in the process. For the three months ending on June 30, Netflix reported revenue of $3.9 billion and earnings of 85 cents a share — touching analyst estimates of $3.94 billion in revenue and beating projections of $0.79 per share. The Los Gatos, California-based company increased streaming revenue 43 percent year-over-year. Netflix reported 5.2 million new subscribers — which was well short of its projected 6.2 million new customers.
Although shareholders were charged up about this lithium production leader in 2017, they appeared drained in the first half of 2018.
By Jeff Mason and Denis Pinchuk HELSINKI (Reuters) - Standing side by side with Vladimir Putin, U.S. President Donald Trump refused on Monday to blame the Russian leader for meddling in the 2016 U.S. election, casting doubt on the findings of his own intelligence agencies and sparking a storm of criticism at home. On a day when he faced pressure from critics, allied countries and even his own staff to take a tough line, Trump spoke not a single disparaging word in public about Moscow on any of the issues that have brought relations between the two powers to the lowest ebb since the Cold War. Instead, he denounced the "stupidity" of his own country's policies, especially the decision to investigate Russian interference in the 2016 election.
The company's earnings probably declined significantly last quarter, but here's how investors can check up on the conglomerate's turnaround progress.
The World Cup began in 1930. After a 12-year break due to World War II, the soccer — oops, fútbol — tournament has been played every four years since 1950. This weekend we watched France beat Croatia 4-2 to win the 2018 World Cup.
TACOMA, Wash. , July 16, 2018 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia" NASDAQ: COLB) expects to report second quarter 2018 financial results before the market opens on Thursday, ...
6th California Store Creates a Market in Excess of $10 Million in Sonoma County, CA. DENVER, July 16, 2018 /PRNewswire/ - GrowGeneration Corp. (OTCQX: GRWG), GrowGeneration ("GrowGen" or the "Company"), one of the largest specialty retail hydroponic and organic gardening store chain, with 18 locations serving both commercial and home growers, today announced that it has purchased Santa Rosa Hydroponics and Grower Supply (SRH) located in Santa Rosa, CA. SRH will serve as a retail and warehouse location servicing the growing number of commercial cultivators in the Sonoma and Northern California market.
For today, WallStEquities.com observes The Hartford Financial Services Group Inc. (NYSE: HIG), Validus Holdings Ltd (NYSE: VR), American International Group Inc. (NYSE: AIG), and AmTrust Financial Services Inc. (NASDAQ: AFSI). Companies in the Property and Casualty Insurance industry sell property insurance (insurance on homes, cars, and businesses) and casualty insurance (liability insurance).
Bank OZK (Nasdaq: OZK), formerly Bank of the Ozarks, today will celebrate the first day of trading under its new name and ticker symbol OZK, marking the occasion by opening the market at Nasdaq. Bank OZK Chairman and Chief Executive Officer George Gleason will be joined by executives from throughout the company to ring the opening bell at the Nasdaq MarketSite in Times Square.
LONDON and SINGAPORE , July 15, 2018 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that it achieved quarterly international (defined as outside ...
NEW YORK, July 11, 2018 /PRNewswire/ -- Seven Stars Cloud Group, Inc. (SSC) ("SSC" or the "Company"), a leading global fintech firm focusing on digital asset production and distribution, today announced a long-term relationship and strategic licensing agreement with New York-based Fundamental Interactions, a world class provider of enterprise market center technology. Through this agreement, SSC will leverage core Fundamental Interactions technology and the Velocity Ledger platform to support the tokenization, secondary trading and settlement of new blockchain-based securities.