Latest in third quarter

Amazon shares plunged more than 20% after hours after shedding 4% during the regular trading day after the company became the latest tech giant to stumble in the third quarter. In the period ending September 30, revenue rose 15% to $127.1 billion, while earnings came in at 28 cents per share on a…

Google and YouTube parent Alphabet undershot Wall Street analysts’ expectations for the third quarter, reflecting a significant slowdown in digital ad buying. The tech giant had a shade less than $69.1 billion in revenue, up 6% from the year-ago period (or 11% when foreign currency gyrations are…

Hasbro shares tumbled to their lowest level since 2015 after the toymaker and entertainment company reported a sharp drop in quarterly revenue and earnings results below Wall Street expectations. Midway through the trading day, Hasbro shares were down 3% at $65.76 on above-average…

Disney will report its fiscal first-quarter earnings on Tuesday afternoon after the close of trading, with the company’s streaming progress, executive turnover and response to the coronavirus outbreak all likely to be major themes. The consensus from analysts is for Disney to report $20.8 billion in total revenue and…

Dish Network, whose core satellite TV business has been steadily declining of late, reported better-than-expected financial results in the third quarter, including a rare gain in pay-TV subscribers. Earnings per share totaled 66 cents on a diluted basis, ahead of the forecast of 61 cents by Wall Street analysts…

AMC Entertainment delivered mixed results for the the third quarter, posting total revenue of $1.3 billion and a loss of per share of 53 cents. Revenue gained 8% over the prior-year period and slightly exceeded Wall Street analysts’ consensus forecast. The net loss was wider than the expectation for 53 cents a share…

In the third quarter, a period when it closed the $9.6 billion acquisition of 21 regional sports networks formerly owned by Fox, Sinclair Broadcast Group reported a 47% spike in revenue but a net loss of 64 cents a share. During a conference call with Wall Street analysts, CFO Lucy Rutishauser called Sinclair a “much…

Major movie exhibitor Cinemark reported solid third-quarter results, with profit meeting Wall Street expectations and revenue exceeding them, and parried numerous questions about streaming’s potential threat. CEO Mark Zoradi, a former Disney executive, reaffirmed the strategic aim to preserve the current theatrical…

Google parent Alphabet saw its shares slide more than 1% in after-hours trading following the release of the tech giant’s third-quarter financial results. While the company exceeded Wall Street analysts’ estimates for total revenue, with $40.5 billion, earnings per share of $10.16 fell well short of the consensus…

AT&T delivered a mixed bag of third-quarter results, beating Wall Street estimates for adjusted earnings per share by a penny but falling short of revenue expectations. Along with the quarterly numbers, the telecom and media giant issued a sweeping three-year financial and strategic plan that appeared to include…

Charter Communications, the No. 2 cable operator in the U.S., narrowly beat Wall Street analysts’ estimates for the third quarter as broadband growth offset ongoing video subscriber losses. Earnings per share came in at $1.74, nearly a dime better than estimates, with total revenue of $11.45 billion just ahead of the…

Amazon reported total revenue of $70 billion in the third quarter, up 24% from the same period a year ago and more than $1 billion ahead of Wall Street analysts’ estimates. But downturns in operating and net income undershot estimates as the retail behemoth funnels significant resources into one-day delivery, an…