Heavy discounts helped Sprint attract the most postpaid subscribers on a net basis for any first quarter in nine years.
The quarter also had the lowest postpaid phone churn in the company's history, Chief Executive Marcelo Claure said in a statement on Monday. However, the company's net loss widened to $302 million, or 8 cents per share, from $20 million, or 1 cent per share, a year earlier. Sprint, majority owned by Japan's SoftBank Corp, said its net operating revenue fell marginally...
European airlines are set for some turbulence in the coming months, warn analysts, who predict the Brexit vote will impact consumer demand.
July 25- Sprint Corp, the No.4 U.S. wireless carrier, reported a bigger quarterly loss as the company provided heavy discounts to attract customers. The company's net loss widened to $302 million, or 8 cents per share, in the first quarter ended June 30, from $20 million, or 1 cent per share, a year earlier. Net operating revenue of Sprint, majority owned by Japan's...
*Even with recent data pointing to the U.S. economy being on strong footing, global uncertainty sparked by Britain's vote to leave the European Union has left the Fed jittery over the impact of a hike. *Low expectations of rate hikes, robust economic data and higher-than-expected second-quarter earnings set Wall Street on a record-setting streak in the past two...
Lindsey Bell, S&P Global Market Intelligence, provides a preview of this week's earnings, including names like Facebook, Apple and CNBC parent company Comcast.
MOOREFIELD, W.Va. _ Summit Financial Group Inc. on Monday reported second-quarter earnings of $4.2 million. Summit Financial shares have increased 63 percent since the beginning of the year. Keywords: Summit Financial, Earnings Report.
WASHINGTON _ Danaher Corp. on Monday reported second-quarter net income of $656.7 million. For the current quarter ending in October, Danaher expects its per-share earnings to range from 80 cents to 84 cents. Danaher shares have decreased 13 percent since the beginning of the year, while the Standard& Poor's 500 index has increased slightly more than 6 percent.
DALLAS _ Eagle Materials Inc. on Monday reported fiscal first-quarter earnings of $45.3 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share. Eagle Materials shares have increased 39 percent since the beginning of the year.
DUBLIN _ Ryanair Holdings PLC on Monday reported fiscal first-quarter earnings of $283.7 million. The Dublin- based company said it had net income of $1.10 per share. Ryanair shares have fallen 22 percent since the beginning of the year.
U.S. stock-index futures indicated a mildly lower open Monday, after closing higher for a fourth consecutive week on Friday.
BEIJING, July 25- Profits at China's state-owned firms fell 8.5 percent in the first six months of 2016 from a year earlier, less than a 9.6 percent fall in the first five months, the Ministry of Finance said on Monday. Total profits at state firms stood at 1.13 trillion yuan in the first half of the year, while revenue fell 0.1 percent to 21.39 trillion yuan, the...
AMSTERDAM _ Koninklijke Philips NV on Monday reported second-quarter earnings of $466.4 million. On a per-share basis, the Amsterdam- based company said it had net income of 51 cents. Keywords: Royal Philips, Earnings Report.
Andrew Lobbenberg, airlines analyst at HSBC, says Ryanair is growing well, but airlines are facing several problems which are pressuring yields.
The Kyoto- based gaming company, which is due to report first-quarter results this week, surprised markets with a statement on Friday that income garnered through its 32 percent stake in affiliate Pokemon Company, which owns the licensing rights, would be limited and that it did not plan to revise its earnings outlook for now. "The market has overreacted to the...
SAP's Adaire Fox-Martin shares findings from a survey about bad digital experiences, and explains how they impact business outcomes for brands.
European markets were slightly higher in morning trade on Monday, as investors trod cautiously amid another batch of corporate earnings.
The final week of July is expected to be a busy one in Asia Pacific, with the region entering the thick of its earnings season amid BOJ, Fed meetings.
Central banks will likely design policies based on the corporate sector's strength, says Cedric Chehab, head of global strategy at BMI Research.
TOKYO, July 25- Shares of Nintendo Co tumbled as much as 18 percent early on Monday after the company said smash-hit mobile game Pokemon GO would have only a limited impact on its earnings. Nintendo said its affiliate Pokemon Co receives licensing and fees from the game's developer, Niantic Inc, and that profits at Nintendo from those revenues would be limited.