financial results Archives

T-Mobile boasts industry-leading customer and financial growth

April 24, 2017 Marivic Cabural Summers

T-Mobile US (NASDAQ: TMUS), the third-largest wireless carrier in the United States reported strong financial and customer growth in the first quarter of 2017. The company boasted that its performance is industry leading. T-Mobile quarterly performance T-Mobile reported that its net income increased 43% to $698 million or $0.80 in earnings per share from $479 million or $0.56 per share in the year-ago quarter. Its total revenues were $9.6 billion, an increase of 11%. The wireless carrier added 1.1 million customers during the quarter. Its total branded postpaid net additions…

Tesla Posts Quarterly Loss but Stock Soars on Positive Outlook

February 10, 2016February 10, 2016 Marivic Cabural Summers

Tesla Motors (NASDAQ:TSLA) reported a non-GAAP net loss of $114 million or $0.87 per share for the fourth quarter of 2015 compared with the $0.16 loss per share expected by Wall Street analysts. The electric car manufacturer’s revenue increased 59% to $1.75 billion, lower than the $1.79 billion consensus estimate for the quarter. Although the electric car manufacturer missed the expectations of analysts , its stock price surged more than 9% to $157 per share during the extended trading, around 7:02 PM on Wednesday. During the quarter, Tesla delivered 17,478…

Twitter Shares Dive After-Hours as User Growth Freezes

February 10, 2016February 10, 2016 Marivic Cabural Summers

The shares of Twitter (NYSE:TWTR) closed $14.98 per share, up 4% driven by its improved timeline announced early today. However, the company wiped out some of the gains after releasing its quarterly financial results after-hours. Twitter shares declined more than 3%% to $14.50 per share during the extended trading around 4:51 in the afternoon in New York. The company appeared to be negatively impacted by failure to boost its user growth. Twitter average MAUs remained at 320 million According to the company its total average monthly active users (MAUs) were…

Why Walt Disney Shares Fall Despite Its Strong Quarterly Profit?

February 10, 2016February 10, 2016 iRebyu Staff

The Walt Disney Company (NYSE:DIS) reported better-than-expected first-quarter earnings yesterday, but the shares of the company are declining today. The stock price of the entertainment and media conglomerate is down more than 3% to $89.29 per share as of this writing, around 2:30 in the afternoon in New York. During the earlier trading today, the stock plunged to as low as $86.25 per share. The downward movement of Walt Disney’s shares showed that investors were not satisfied with its quarterly financial results despite beating the consensus estimate. The company reported…

Viacom Chairman Hits Critics, Promises Rebound but Stock Falls 21 Percent

February 9, 2016February 9, 2016 iRebyu Staff

Philippe Dauman, the newly-appointed Chairman of Viacom (NYSE: VIAB) hit the critics of the company’s management and promised its stock price would rebound to its previous highs during a conference call with investors on Tuesday. Last month, Springowl Asset Management demanded a new management for Viacom due to its chronic underperformance and suggested that the company needs a greater focus on digital media to boost the stock. The activist investor called for the resignation of Mr. Dauman as CEO to “allow a creative culture to sprout at Viacom.” It also…

Yelp Stock Price Down on Quarterly Loss, CFO Resignation

February 8, 2016February 8, 2016 Marivic Cabural Summers

The shares of Yelp Inc (NYSE:YELP) of are trading lower after the company announced the resignation of its chief financial officer Rob Krolik over the next few months. The company was also negatively impacted by its results for the fourth quarter of 2015. The stock price of the company was down almost 12% to $15.95 per share, around 2:22 in the afternoon in New York. The stock dropped as low as $15.67 a share earlier today. Yelp to begin CFO search immediately According to the company, Krolik will help the…

Symantec Boosts Capital Return Program to $5.5B; Shares Soar

February 4, 2016February 4, 2016 iRebyu Staff

Symantec Corporation (NASDAQ:SYMC) boosted its capital return program to $5.5 billion after the cybersecurity company obtained a $500 million strategic investment from Silver Lake, a global private equity firm focused on technology investing. The stock price of Symantec increased 8.81% to $20.87 per share during the extended trading on Thursday. The cybersecurity company expected to complete its capital return program by the end of March 2017 through shares buyback and dividend payment. Symantec already completed an accelerated stock buyback worth $500 million in January this year. Symantec said it will…

Alphabet Surpasses Apple as World’s Most Valuable Company

February 1, 2016February 3, 2016 Marivic Cabural Summers

Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) is set to surpass Apple (NASDAQ:AAPL) as the world’s most valuable company after its shares surged during the extended trading on Tuesday after reporting is financial results for the fourth quarter of 2015 Alphabet’s Class A shares (GOOGL) climbed more than 4% to $803.03 each while its Class C shares (GOOG) increased more than 5% to $791 a piece after-hours. Over the past year, the conglomerate gained more than 40% in stock value. The increase in Alphabet’s stock prices brings its market value to around $568 billion,…