Charles Zhang, Chairman & CEO of Sohu, discusses the dismal performance of its online game developer Changyou, which weighed on Sohu's second quarter results.
BIRMINGHAM, Ala.— HealthSouth Corp. on Monday reported profit that declined by 49 percent in its second quarter, but adjusted earnings still beat analysts' expectations. The Birmingham, Alabama- based company said net income after preferred dividends fell to $81.6 million, or 85 cents per share, from $159.4 million, or $1.66 per share, in the same quarter a year ago.
GEORGE TOWN, Cayman Islands— Herbalife Ltd. on Monday reported profit that decreased by 17 percent in its second quarter, and missed analysts' expectations. The George Town, Cayman Islands- based company said earnings fell to $119.5 million, or $1.31 per share, from $143.2 million, or $1.34 per share, in the same quarter a year earlier.
Markit's list of most shorted stocks announcing earnings this week includes several familiar consumer names.
Herbalife slumped after posting quarterly results that fell short of estimates. Revised revenue guidance was also below projections.
July 28- Herbalife Ltd, a maker of weight-loss and nutritional products, reported a 17 percent drop in quarterly profit as costs rose, sending its shares down 7 percent after the bell. Net income fell to $119.5 million, or $1.31 per share, in the second-quarter ended June 30, from $143.2 million, or $1.34 per share, a year earlier. Revenue rose 7 percent to $1.31 billion.
CNBC contributor Herb Greenberg provides instant analysis to Herbalife's quarterly numbers.
Norwegian Cruise Line is reporting Q2 EPS of $0.58 ex-items on revenue of $766 million, with CNBC's Bertha Coombs.
Herbalife is reporting Q2 EPS of $1.55 ex-items on revenue of $1.31 billion, with CNBC's Bertha Coombs and Kelly Evans.
David Seaburg, Cowen & Company, and Chris Dessi, Silverback Social, debate the play Twitter. Seaburg says user growth is decelerating and does not have the motorization means that Facebook does.
The "Earnings Squad" discuss the expectations for earnings from Aetna, UPS, TRW Automotive, and Wynn Resorts, with CNBC's Brian Sullivan, Melissa Lee, Bertha Coombs and FMHR trader Stephanie Link.
CNBC's Bob Pisani reports Q2 revenues are getting better as the earnings parade continues, and what's to come for the rest of the trading day.
CONCORD, N.H.— New Hampshire's liquor sales in the past fiscal year were a record high $626 million. Liquor Commission Chairman Joseph Mollica says net profits of $148 million were transferred to the state's general fund.
Zillow CEO Spencer Rascoff discusses the rationale behind his deal to buy Trulia for $3.5 billion in stock. Jon Steinberg, Daily Mail North America CEO, and the "Squawk Alley" crew provide insight.
The successes of 'Orange is the New Black' and 'House of Cards' show that Netflix is ready to be a player in TV. Fiscal Times reports.
SPRINGDALE, Ark.— Tyson Foods Inc. on Monday reported net income that rose by 4.4 percent in its fiscal third quarter, and fell short of analysts' expectations. The Springdale, Arkansas- based company said earnings increased to $260 million, or 73 cents per share, from $249 million, or 68 cents per share, in the same quarter a year earlier.
YOKOHAMA, Japan, July 28- Nissan Motor Co Ltd aims to boost sales and profitability in the United States, its biggest market, an executive said, after Japan's No.2 automaker posted a 14 percent rise in quarterly U.S. sales, closing in on rival Honda Motor Co.. It surpassed Hyundai Motor Co and is closing in on Honda, whose sales fell 0.8 percent during the same period.
YOKOHAMA, Japan, July 28- Nissan Motor Co's operating profit rose a higher-than-expected 13.4 percent in the April-June quarter on improved sales in the United States and China, its two largest markets, following a change in senior management overseeing U.S. operations.
TOKYO— Nissan's quarterly profit rose nearly 37 percent, helped by a favorable exchange rate and healthy sales in North America and China. Nissan's vehicle sales grew in the robust North American market, on solid demand for the Rogue crossover and the Altima sedan, offsetting shaky Japan, where a rise in the consumption tax dampened sales overall.
YOKOHAMA, Japan, July 28- Nissan Motor Co posted a 13.4 percent rise in April-June operating profit from a year earlier as Japan's second-biggest car maker saw improved sales in the United States after it changed senior management overseeing operations there.