were expecting Disney to report earnings of $0.88 per share on revenue of $21.7 billion. Disney shares closed Wednesday at $101.13 per share, down 1% today and 13.7% YTD.
27.04.2023 - 20:21 / deadline.com
Amazon has apparently rediscovered its mojo.
The company reported $127.4 billion in revenue for the first quarter and earnings per share of 38 cents, with both metrics coming in well above Wall Street forecasts.
Amazon shares jumped 11% on the earnings report after closing the regular trading session up almost 5% to a 6-month high of $109.82.
The company said it expects revenue between $127 billion and $133 billion in the second quarter, up between 5% and 10% from the first quarter. The guidance includes unfavorable foreign exchange rates. Operating income could be up or down depending on a range of factors unfolding during the second quarter, but will come in between $2 billion and $5.5 billion, the company said, compared with $3.3 billion a year ago.
“There’s a lot to like about how our teams are delivering for customers, particularly amidst an uncertain economy,” CEO Andy Jassy said in the earnings release, which only glancingly touched on Prime Video, Amazon Studios or the company’s other entertainment assets.
Like its Big Tech peers, Amazon has been retrenching during a challenging period for the global economy. The company has laid off thousands of workers in recent months, and on Thursday the cutbacks hit Amazon Studios and Prime Video, where about 100 employees were let go. Jassy, a longtime veteran exec who took over as CEO last year, said at the New York Times DealBook Conference last November that the company was surprised by certain developments in the marketplace. In reviewing company operations, he said, “we were seeing things that were different from what we’ve seen before, and we just felt like we needed to streamline our costs.”
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were expecting Disney to report earnings of $0.88 per share on revenue of $21.7 billion. Disney shares closed Wednesday at $101.13 per share, down 1% today and 13.7% YTD.
So long, Hollywood! Kelly Clarkson is leaving Los Angeles with her two kids for New York City more than one year after her divorce from Brandon Blackstock.
Smart-TV maker Vizio reported better-than-expected results for the first quarter but still saw total revenue slump 27% as consumers cut spending in a time of ongoing inflation and economic worries.
Keeping some details to herself. Kelly Clarkson‘s upcoming album Chemistry will offer a rare glimpse into her divorce from Brandon Blackstock — but fans shouldn’t expect to hear the whole story.
A proposal to turn shop storage space into six flats in Ayr High Street has ‘disaster written all over it’, according to an objector.
Voters in Stockport have had their say in the 2023 local elections.
Cinemark posted a dramatically smaller loss for the first quarter, besting analyst expectations as the national theater chain saw customers return to the movies.The Plano, Texas-based company said revenue leaped 32% to $610.7 million for the three months ended March 31, compared with $460.5 million for the 2022 first quarter. Analysts polled by Zack’s Investment Services had expected revenue of $569 million.The loss for the quarter came in at $3.1 million, or 3 cents per share.
Apple struggled in a tough economic climate during the quarter ending March 31, but still managed to beat Wall Street expectations.
Who’s Talking to Chris Wallace. “That’s what I’m hearing here, Chris. But I’ll fight to keep you on the [news] station,” Sanders added with a laugh.Wallace, in good spirit, was quick to jab back.“You poked the bear!” joked Wallace, who has been working in broadcast journalism since 1964 when he was an assistant to Walter Cronkite.
quarterly earnings report.Imax reported quarterly revenue of $86.9 million and earnings of $5.1 million or 4 cents per share on a diluted basis and 16 cents per share on an adjusted basis. That beat Wall Street projections of $77.5 million in revenue and adjusted EPS of 15 cents per share, according to analysts surveyed by Zacks Investment Research.
Todd Spangler NY Digital Editor Amazon, in the midst of paring back its workforce, topped Wall Street forecasts with better-than-expected revenue growth for the first quarter of 2023. The company reported Q1 revenue of $127.4 billion, up 9% year over year, improving over a 7% rise in the year-earlier quarter but still off its historical pace of top-line growth. Net income was $3.2 billion, or 31 cents per share, compared with a net loss of $3.8 billion in Q1 2022 (which included a $7.8 billion loss on its stake in electric-vehicle maker Rivian). The results come as the ecommerce colossus is in the middle of laying off 9,000 workers, on top of the 18,000 job cuts announced in January. On Thursday, the company laid off about 100 employees at Amazon Studios and Prime Video.
the letter reads.The letter continues, “Evan’s case is the latest in a disturbing trend where journalists are harassed, arrested or worse for reporting the news. The unjust arrest of any reporter, anywhere in the world, is simply unacceptable.
Roku delivered first-quarter results with some bright spots, including better-than-expected revenue, but the streaming provider said it sees its advertising business remaining challenged.
Crushing coparenting! More than one year after Kelly Clarkson and Brandon Blackstock finalized their divorce, they have found a rhythm in raising their two children.
Todd Spangler NY Digital Editor Meta, parent of Facebook and Instagram, turned in better-than-expected earnings for the first quarter of 2023 — even as net income dropped sharply on a year-over-year basis. Overall, the company reported revenue of $28.65 billion, up 3% from the year prior, and net income of $5.7 billion (or $2.20 per share), down 24%. Analysts on average expected Meta to post revenue of $27.65 billion and EPS of $2.03, according to Refinitiv. Click here to sign up for Variety’s free Strictly Business newsletter covering earnings, financial news and more. In announcing Q1 results, the company said Facebook averaged 2.04 billion daily active users in March, up from 2.0 billion the prior quarter. Across all its apps, Meta reported daily active users of 3.02 billion on average for March 2023, an increase of 5% year-over-year.
Addie Morfoot Contributor Czech-Swedish filmmaker Greta Stocklassa was only eight when the War on Terror began in 2001. In the years that followed, fellow Swede and former UN weapons inspector, Hans Blix, became a central figure in the investigation into weapons of mass destruction in Iraq. In her documentary “Blix Not Bombs,” Stocklassa interviews Blix, now 94 years old, about the period running up to the U.S.-led invasion of Iraq 20 years ago. In the docu, Blix describes his meetings with George W. Bush and Tony Blair, his frustration when Colin Powell gave his pivotal speech in the UN Security Council, and his feeling of emptiness when the U.S. started the invasion, despite his reports that his team had found no weapons of mass destruction in Iraq.
Brian Steinberg Senior TV Editor Chris Wallace’s interview program, “Who’s Talking to Chris Wallace,” will move to Friday nights from Sundays while continuing to stream on HBO Max, a change as the series prepares for its third cycle of conversations between the news veteran and people of note “Our viewers have come to expect real, authentic conversations with a rich variety of guests,” said Wallace, in a statement. “We’ve really hit our stride this season and I’m excited to continue to bring these timely conversations to both HBO Max and CNN.” Guests scheduled for the third season include Carol Burnett, Bill Hader, Jay Leno, Andy Garcia, Miranda Lambert, with more to be announced in the weeks ahead. Wallace expects to book interviews with politicians and presidential hopefuls as the nation moves full-bore into the 2024 election cycle. The series will be available on the new enhanced streaming service, Max, when it launches in the U.S. on Tuesday, May 23.
Fox looks set to weather a massive payout to settle its case with Dominion Voting System. It has $4 billion in cash and generates significant free cash flow annually. The $787.5 million hit, one of the largest defamation settlements ever, isn’t likely to disturb Fox News profits.
Kelly Clarkson opened up about the challenges that her and Brandon Blackstock‘s 8-year-old daughter, River, is currently facing at school.
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