Latest in third quarter results

ViacomCBS on Friday reported total revenue of $6.12 billion and earnings per share of 91 cents in the third quarter, exceeding Wall Street estimates but reflecting ongoing headwinds from COVID-19. Revenue dipped 9% and earnings fell 17%, though both figures exceeded analysts’ consensus forecast for earnings of 88…

Sinclair Broadcast Group edged Wall Street analysts’ estimate for revenue in the third quarter, reporting $1.54 billion as the acquisition of 22 formerly Fox-owned regional sports networks hit the balance sheet. The revenue number rose 37% thanks to the RSNs, but the deal also proved problematic given the timing of…

UPDATED with CEO comments. AT&T said 8.6 million customers activated their access to streaming service HBO Max in the third quarter, more than double the 4.1 million reported in the previous quarter. The company edged Wall Street analysts’ estimates overall in the quarter, with total revenue of $42.3 billion and…

Netflix shares slipped 6% in early trading today after the company reported a slowdown in subscriber growth and results that fell short of expectations. At about $492, the stock fell below the $500 mark for the first time since September 30. After the close of trading Tuesday, the company reported adding 2.2 million…

Apple demolished Wall Street forecasts in its fiscal third quarter, delivering revenue of $59.7 billion and earnings per diluted share of $2.58 billion. Analysts’ consensus was for revenue of $52.25 billion, which would have been a slight dip from the same quarter a year earlier. Earnings per share were expected to…

CBS delivered a mixed set of third-quarter results, with earnings per share of 95 cents on an adjusted basis exceeding Wall Street analysts’ consensus forecast by two cents. Revenue grew just 1% to $3.3 billion, which did not clear the $3.37 billion bar set by analysts. It is expected to be the final quarter of…

Facebook stock gained ground in after-hours trading following the company’s release of stronger-than expected third-quarter results. It was another newsy day for a company seldom out of the headlines. Earlier Wednesday, it announced it had removed dozens of accounts linked to ill-intentioned forces based in Russia. In…

Comcast reported strong overall results for the third quarter, with earnings per share of 79 cents and total revenue of $26.83 billion, as cable results overcame softness at NBCUniversal. The consensus estimate of Wall Street analysts was for earnings per share of 74 cents and revenue of $26.77 billion. The Cable…

The Netflix management team spent a large portion of their 38-minute “earnings interview” for the third quarter highlighting their aggressive push into the film business and their view of streaming competition. CEO Reed Hastings touted the fourth-quarter slate of films, a nearly billion-dollar array of work from…

Netflix bounced back in the third quarter, posting financial results ahead of Wall Street estimates, while falling slightly short of its internal subscriber forecasts. Wall Street analysts had expected earnings of $1.04 a share, but Netflix delivered $1.47, nearly double the 89 cents a share in the year-earlier…

Apple beat Wall Street estimates for its third-quarter earnings and revenue, but sales of the iPhone — which still accounts for roughly half of all company revenue — came in lower than expected. Earnings came in at $2.18 a share, well ahead of analysts’ consensus for $2.10 a share, though the profit still slipped from…

UPDATED with details from the earnings call Google parent Alphabet beat Wall Street’s earnings expectations in its third quarter, but fell short on revenue. That miss caused the company’s stock to drop more than 5% in after-hours trading. Alphabet reported per-share earnings of $13.06, well above analysts' consensus…