Viacom — The media company reported adjusted quarterly profit of $1.05 per share, 4 cents a share above estimates. Revenue also beat forecasts. A drop in media networks results was more than countered by growth in the film division.
Tesla — Tesla reported an adjusted quarterly loss of $1.06 per share, wider than the 52 cent a share loss expected by analysts. The automaker’s revenue was slightly below Street estimates, but Tesla did say it was on track to deliver 50,000 vehicles during the second half of the year.
Teva Pharmaceuticals — The drugmaker beat estimates by 5 cents a share, with adjusted quarterly profit of $1.25 per share. Revenue also exceeded Street forecasts. The beat comes despite the negative impact of currency fluctuations.
Becton Dickinson — The medical products maker earned an adjusted $2.35 per share, 15 cents a share above estimates. Revenue was essentially in line with expectations. The company cut its full-year revenue growth outlook, but is maintaining its full-year earnings forecast as profit margin growth improves.
Time Inc. — The publisher of Sports Illustrated and other magazines earned 22 cents per share for its latest quarter, 7 cents a share above estimates. Revenue fell below forecasts, however. Time’s results were hurt in part by a strong dollar.
Gogo — The provider of in-flight entertainment lost an adjusted 31 cents per share for its latest quarter, smaller than the 41 cent per share loss anticipated by analysts. Revenue exceeded analysts’ forecasts, and Gogo is increasing its forecast for system installations.
Chesapeake Energy — The energy producer lost 13 cents per share for its latest quarter, 3 cents a share wider than anticipated. Revenue was below forecasts. Production was above estimates, however, and Chesapeake also raised is production guidance for the full year.
L Brands — The parent of Victoria’s Secret reported a 2 percent increase in comparable-store sales for July, much better than the consensus estimate of a 0.4 percent rise. The company also expects to report second-quarter earnings at the high end of its prior forecast.
Square — Square lost 8 cents per share for its latest quarter, 3 cents a share less than analysts had predicted. The mobile payments company’s revenue exceeded estimates. Square was helped by an increase in the number of merchants signing on to use its service.
21st Century Fox — Fox reported adjusted quarterly profit of 45 cents per share, beating estimates by 8 cents a share. The media company’s revenue was essentially in line with forecasts. Fox also increased the size of its stock buyback and raised its semi-annual dividend to 18 cents per share from 15 cents. The company’s results were helped by strong revenue growth for its cable network operations.
First Solar — First Solar earned an adjusted 87 cents per share for its latest quarter, well above estimates of 54 cents a share. The solar company’s revenue was also above Street projections. First Solar was helped by stronger equipment sales, and raised the low end of its full-year profit margin forecast.
Jack In The Box — Jack In The Box came in 20 cents a share above estimates with adjusted quarterly profit of $1.07 per share. The restaurant chain’s revenue exceeded analysts’ estimates, as well. Its current-quarter earnings guidance is below forecasts, but the company notes that its same-store sales have been climbing and are moving closer to the industry average.
MetLife — MetLife came in well short of the $1.35 per share consensus estimate with adjusted quarterly profit of 83 cents per share, while the insurance company’s revenue missed, as well. The shortfall was largely due to higher losses on derivative investments.
Transocean — TransOcean reported a sharp drop in second-quarter profit, but its adjusted earnings of 17 cents per share were well above the consensus forecast for a breakeven quarter. Revenue also topped estimates, even as the oilfield services company dealt with slumping demand amid lower crude prices.
TripAdvisor — TripAdvisor earned an adjusted 38 cents per share for its latest quarter, 4 cents a share below estimates. The travel website operator’s revenue also fell short of forecasts. TripAdvisor had rising expenses during the quarter, as well as lower revenue from hotel bookings.
GoDaddy — GoDaddy lost 11 cents per share for the second quarter, 4 cents a share more than anticipated. The web registrar’s revenue did beat analyst estimates, however, and the company gave upbeat full-year guidance.
Canadian Pacific — The company no longer has investor Bill Ackman as a shareholder, with his Pershing Square selling its entire 9.8 million share stake in the rail company.
Anheuser-Busch InBev — The beer brewer will have its managers in 18 of 19 key positions following its planned $100 billion takeover of SABMiller.
Toyota — Toyota cut its full-year profit forecast due to a bigger hit from the stronger Japanese yen. The automaker expects operating profit to be down 44 percent from a year ago.
Herbalife — Herbalife earned $1.29 per share for its latest quarter, 8 cents a share above estimates. The nutrition products company’s revenue was essentially in line with expectations. It also said it planned to implement changes to its business practices within 10 months, following its agreement with the Federal Trade Commission.
Nike — Nike is exiting its golf club and ball business, narrowing its focus on that sport to apparel and footwear.
Nokia — Nokia said it would cut more costs after reporting a second-quarter loss of about $738 million. The telecom equipment maker’s profit was down 45 percent from a year earlier.
[“source -cncb”]
