“MasterCard, the world’s second-largest credit and debit card network, reported higher quarterly profits as consumers spent more with their cards.
Net income in the first quarter was $682 million, or $5.36 a share, compared with $562 million, or $4.29 a share, a year earlier, the company said on Wednesday.
The global payments and technology company[MA 455.90 ] delivered revenue of $1.8 billion, up from $1.5 billion a year ago.
Analysts had expected the company to report earnings excluding items of $5.30 per share on revenue of $1.73 billion, according to a consensus estimate from Thomson Reuters….”Comments »
“Time Warner said Wednesday its revenue rose 4 percent from a year ago, but impairment charges including one from the troubled HBO series “Luck” kept the media company from recording a higher profit in the first quarter.
First-quarter revenue from the company’s TV and cable networks, which include TNT, CNN, and HBO, rose 3 percent to $2.6 billion….”Comments »
|The Sahara before it shut down in May 2011. (Laura Rauch / Associated Press)|
The iconic Sahara Hotel & Casino is coming back as a redesigned and reconceived SLS Las Vegas that’s expected to open in 2014. Philippe Starck will do the interior design at what will become a resort with name-brand restaurants, clubs and more than 1,600 guest rooms and suites.
“LOUISVILLE, Ky. (AP) — Humana Inc. said Monday that its first-quarter profit fell 21 percent as the health insurer paid out more in claims and bolstered spending in anticipation of growth in its lucrativeMedicare Advantage membership.
The Louisville-based company nudged up its earnings expectations for the full year to a range of $7.55 to $7.75 per share, up from its prior forecast of $7.50 to $7.70 per share.
But the first-quarter results and the increased forecast were short of Wall Street expectations. Its shares fell more than 2 percent in premarket trading….”Comments »
Net income was $1.74 billion, or 56 cents a share, compared with $1.04 billion, or 34 cents, a year earlier when Merck took a $500 million charge to settle a dispute with Johnson & Johnson (JNJ), the Whitehouse Station, New Jersey-based company said today in a statement. Earnings per share excluding one-time items beat by 1 cent the 98-cent average of 18 analyst estimates compiled by Bloomberg.”Comments »
“Samsung Electronics Co. (005930), the world’s biggest maker of mobile phones, computer-memory chips and TVs, posted its highest profit in at least two years after beating Apple Inc. (AAPL) and Nokia Oyj in smartphone sales.
Net income jumped 81 percent from a year earlier to 5.05 trillion won ($4.4 billion), the Suwon, South Korea-based company said in a statement today, beating the 4.24 trillion-won average of 29 analyst estimates compiled by Bloomberg…”Comments »
The stock is down 50%, after CFO and 4 directors left.Comments »
Unbelievable carnage, down more than 40%.
“Our overall results were primarily affected by lower than expected sales and an unfavorable sales mix, which directly impacted revenue and profit,” said Glen Tullman, Chief Executive Officer of Allscripts. “In addition, our investments in improving client experience and accelerating product development, as well as higher than expected software development expense, also put pressure on our bottom line.Comments »
SWKS, AMZN, NXPI, KLAC, ARBA, N, WDC, STX, ZNGA all beat.Comments »