NEW YORK (Reuters) - Analysts expect first-quarter earnings for S&P 500 companies to decline 0.1 percent from a year earlier, which would be the first quarterly profit decline for the group since 2016, according to IBES data from Refinitiv. The latest forecast is down sharply from the start of the year, when analysts estimated growth of 5.3 percent for the first quarter. The second quarter of 2016 was the last in a four-quarter profit recession for the S&P 500. Profit estimates have fallen sharply in recent months amid increased worries over lower global growth, particularly in China, and weaker outlooks from top technology names like Apple. Forecasts for energy companies have dropped as well, following the recent plunge in oil prices. (Reporting by Caroline Valetkevitch) … [Read more...] about S&P 500 first quarter earnings seen declining from year earlier
First quarter earnings
By Jay Greene The Wall Street Journal Wed., Oct. 24, 2018 Microsoft Corp., whose earnings in recent years have been driven by gains in its cloud-computing and productivity-software businesses, is scheduled to report fiscal first-quarter earnings after the market closes Wednesday. Here’s what to expect. EARNINGS FORECAST: As of Tuesday, analysts surveyed by S&P Global Market Intelligence expected Microsoft to report earnings of 96 cents a share. A year ago, the company had $6.58 billion (U.S.) in net. REVENUE FORECAST: The analysts expected revenue of $27.92 billion, up from $24.54 billion a year earlier. What to Watch: AZURE DECELERATION: Microsoft’s Azure cloud-computing business has been a key engine of growth for the last several years. But it is getting to a size where the pace of gains is unlikely to continue, said Stifel Nicolaus & Co. analyst Brad Reback. Azure revenue likely grew about 85% from a year earlier, Mr. Reback wrote in a recent … [Read more...] about What to expect when Microsoft Corp reports fiscal first-quarter earnings.
LONDON (Reuters) - Britain's BT Group Plc <BT.L> reported a 1 percent rise in first-quarter core earnings to 1.8 billion pounds thanks to its EE mobile unit and cost savings. The group, which said last month that CEO Gavin Patterson would step down after he lost the faith of shareholders, said it was making positive progress in its turnaround plan. Its core earnings had dropped 2 percent in the previous financial year. Underlying revenue fell 2 percent in the first quarter, in line with market expectations. Patterson, who announced 13,000 jobs cuts in May in an overhaul that left investors cold, said the group had made a good start to its new financial year. "We are making positive progress against our strategy," he said on Friday. "Our customer experience metrics continue to improve and we have seen the successful launch of new converged products including BT Plus." BT has not yet appointed Patterson's successor. (Reporting by Paul Sandle; editing by Kate Holton) … [Read more...] about BT ‘making progress’ as first-quarter earnings edge up
MILAN (Reuters) – Telecom Italia (TIM) <TLIT.MI> on Wednesday reported a bigger-than-expected drop in first-quarter earnings, hit by provisions made for fines Italy imposed on the phone group as part of the so-called golden power decree which the group is appealing. In the first set of results after activist fund Elliott wrestled board control from top shareholder Vivendi <VIV.PA>, TIM said comparable earnings before interest, tax, depreciation and amortisation (EBITDA) fell 4.9 percent to 1.89 billion euros (£1.65 billion). This compares with a consensus of analysts’ forecasts provided by the company of 1.96 billion euros. Italy’s biggest phone group said comparable sales fell 1.6 percent to 4.74 billion euros, compared with expectations of 4.69 billion euros, hit by falling revenue in its only foreign market Brazil. Domestic sales rose 1.7 percent. Commenting on the outlook, TIM referred to targets set out in its 2018-2020 industrial plan … [Read more...] about Telecom Italia first-quarter earnings fall on golden power provisions
NEW YORK--(BUSINESS WIRE)--May 16, 2018--Helios & Matheson (Nasdaq: HMNY) (“Helios”) announced financial results for the first quarter today. The company posted quarterly revenues of more than $49 million for 2018 and $1.3 for 2017, an increase of more than 3,700%. Quarterly earnings per share was $.15 basic income per share compared to a loss of ($1.17) per share one year ago. Subscriptions to MoviePass were very strong for the first quarter.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180516005810/en/MoviePass April Usage vs. May Usage -- All Current Active Users (Photo: Business Wire)“We are excited to report our biggest quarter in Helios and Matheson and MoviePass combined history. This growth surpassed our expectations,” said Ted Farnsworth, Chairman and CEO of Helios.A recent independent survey by NRG (National Research Group) which was hired by the Hollywood Reporter, strongly supports … [Read more...] about Helios and Matheson and MoviePass Report First-Quarter Earnings