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AT&T posts drop in underlying earnings as TV market ht by Covid-19 restrictions

2020-04-22 13:48:00| Telecompaper Headlines

(Telecompaper) AT&T reported first-quarter revenues down 4.6 percent to USD 42.8 billion, as its WarnerMedia division suffered from the Covid-19 outbreak's impact on the film and TV industry and the operator continued to lose pay-TV subscribers. Ongoing cost-reduction efforts helped limit the impact on profits, and AT&T said it was on track with its strategic investments, while conserving cash for the upcoming economic slowdown. Given the economic uncertainty, the group withdrew its guidance for the year. 

Tags: posts market drop att

 

Zoom Video beats earnings outlook, sees further strong growth in new year

2020-03-05 08:47:00| Telecompaper Headlines

(Telecompaper) Zoom Video Communications reported better-than-expected results for its fiscal fourth quarter to January and full year. Quarterly revenues jumped 78 percent year-on-year to USD 188.3 million, and adjusted operating profit more than tripled, to USD 38.4 million from USD 9.8 million a year earlier. Net profit improved to USD 15.3 million from USD 1.2 million, and the adjusted EPS rose to USD 0.15, double the 7 cents forecast. 

Tags: new year video strong

 
 

Hexion Inc. Announces 4Q, Fiscal Year 2019 Earnings Conference Call

2020-02-27 07:00:00| Coatings World Breaking News

Tags: year call conference fiscal

 

Half-year earnings slip at Woolworths on womenswear weakness

2020-02-20 11:54:00| Daily apparel & textile news and comment - from just-style.com

South African retailer Woolworths has reported a 17.7% fall in half-year profits on the back of weakness in womenswear sales.

Tags: earnings slip weakness woolworths

 

Aurora Cannabis Shares Bleak Earnings Report

2020-02-18 09:00:00| Waste Age

After the companys earnings report, however, shares rose 2 percent on February 13.

Tags: report shares earnings aurora

 

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