Latest in Second Quarter Earnings

Twitter exceeded Wall Street forecasts in the second quarter despite a slight downturn in users compared with the previous quarter. Total revenue of almost $1.2 billion and diluted earnings per share of 8 cents both came in well ahead of expectations. The company’s daily active user base was 206 million as of the June…

Netflix edged Wall Street forecasts for revenue and subscriber growth in the second quarter, but its earnings per share fell short of the company’s own outlook as well as that of analysts. The streaming giant added 1.54 million global subscribers in the period to reach more than 209 million. Revenue came in at $7.34…

UPDATED with closing price. Disney shares fell almost 3% to close at $173.73, their lowest closing price since February 1, a day after it released mixed quarterly earnings. Shares made up ground in the final part of the trading day after starting the session down as much as 5%. But Wall Street did not take a shine to…

Apple posted a 54% gain in total revenue in its fiscal second quarter, reflecting the tech giant’s bounceback from the worst of Covid-19, which hit results in the same period in 2020. Revenue for the quarter ending March 27 reached $89.6 billion, with international accounting for 67% of the total. Much of the growth…

Fox Corp. CEO Lachlan Murdoch said Fox News is not about to adjust its political orientation despite a bumpy period during and after the 2020 presidential election and a recent slip in its ratings. The network’s ratings have dropped about 13% in recent weeks, putting the network in the rare position of trailing CNN…

Fox Corp. beat Wall Street expectations in its second fiscal quarter, with revenue of nearly $4.1 billion improving 8% from the year-earlier period. On an adjusted basis, earnings per share rose to 16 cents from 10 cents a year ago. The consensus forecast from analysts called for revenue of $4 billion and a loss of 3…

Zoom Video Communications, one of the few U.S. companies to see its business skyrocket during COVID-19, posted a dizzying set of financial results for its fiscal second quarter Monday. Revenue jumped to $663.5 million in the period ending July 31, up 355% from the same stretch in 2019. One key metric — the number of…

Roku smashed Wall Street analysts’ consensus estimate for revenue in the second quarter, reporting a jump of 42% from a year ago to $356.1 million. Analysts had expected $315.4 million. The company now has 43 million active accounts, a rise of 41% over the same period in 2019. The Roku Channel, a key part of the…

Fox Corp. on Tuesday reported total sales of $2.42 billion last quarter, in line with expectations, down slightly (4%) from a year ago but off $1 billion from the previous three months as COVID-19 hit advertising. The company that owns Fox News, Fox Sports, Fox Entertainment and the Fox Television Stations had warned…

Walt Disney said revenue last quarter was $11.87 billion, lower than expected and down 42% from the year before with the theme park division taking a $3.5 billion hit. But diluted earnings per share (EPS) after items came in at $0.08, down from $1.34 the year before but still in positive territory. It beating Wall…

The CEO of the nation's fourth-largest exhibitor warned studios not to "leave a good party in pursuit of a better one," but called the debate over Premium VOD overblown. Greg Marcus, chief of Marcus, said Tuesday that consumers are likely to drift away from watching video-on-demand releases when things normalize…

AMC Networks said it plans to restart production on the second half of Season 6 of Fear the Walking Dead in Texas in late August, on new series Kevin Can F*** Himself in Boston at the end of September, and on Season 11 of The Walking Dead in Georgia in October. "Our ability to resume in the safest possible way is…