Malathi's Feed
Nov 4, 2015

‘Fantastic Four,’ strong dollar weigh on Fox’s revenue

By Malathi Nayak and Sai Sachin R

(Reuters) – Twenty-First Century Fox Inc reported lower-than-expected quarterly revenue as a lack of major movie releases and poor collections from “The Fantastic Four” weighed on its film studio business and a strong dollar hurt overseas results.

Fox shares fell nearly 3 percent to $30.34 in morning trading after the company released results from its first full quarter under Chief Executive Officer James Murdoch, who took over from his father, Rupert, on July 1.

Nov 3, 2015

Sprint shares drop as quarterly results miss forecasts

By Malathi Nayak and Anya George Tharakan

(Reuters) – Sprint Corp (S.N: Quote, Profile, Research, Stock Buzz), the fourth largest U.S. wireless carrier, reported lower-than-expected quarterly results on Tuesday as promotional price cuts drove customer gains but weighed on growth.

The company, in the middle of a turnaround plan, also said it now expects fiscal 2015 adjusted EBITDA at the lower end of its previous forecast of between $7.2 billion and $7.6 billion.

Oct 31, 2015

Altice’s customer woes in Europe stoke concern ahead of its U.S. foray

NEW YORK (Reuters) – Cable and communications company Altice NV is battling subscriber losses and investor impatience on its home turf in Europe, raising concerns it could have a lot on its plate as it gears up to acquire Cablevision Systems Corp and Suddenlink Communications Inc [CQUELS.UL] in the United States.

On Wednesday, Altice reported worse-than-expected third-quarter results, sending shares down 10 percent. Executives said they have raised spending on marketing to acquire customers and will continue at that level in coming quarters.

Oct 31, 2015

Analysis – Altice’s customer woes in Europe stoke concern ahead of its U.S. foray

NEW YORK (Reuters) – Cable and communications company Altice NV is battling subscriber losses and investor impatience on its home turf in Europe, raising concerns it could have a lot on its plate as it gears up to acquire Cablevision Systems Corp and Suddenlink Communications Inc in the United States.

On Wednesday, Altice reported worse-than-expected third-quarter results, sending shares down 10 percent. Executives said they have raised spending on marketing to acquire customers and will continue at that level in coming quarters.

Oct 28, 2015

Verizon says Internet of Things revenue at $500 million year-to-date

NEW YORK (Reuters) – Verizon Communications Inc (VZ.N: Quote, Profile, Research, Stock Buzz) is trying to pave the way for developers to connect more devices to the Web, as its “Internet of Things” business has touched $500 million so far this year, an executive said on Wednesday.

Aimed at connecting to the Internet everything from household devices to industrial machines, the business is growing at a “double-digit” rate, Mike Lanman, senior vice president of enterprise products at Verizon said at an event in San Francisco.

Oct 27, 2015

Mobile’s revenue, profit miss estimates

By Arathy S Nair and Malathi Nayak

(Reuters) – T-Mobile US Inc (TMUS.O: Quote, Profile, Research, Stock Buzz) reported lower-than-expected quarterly revenue and profit as the company’s initiatives such as lower-priced plans to attract monthly users away from competitors took a toll on earnings.

The No. 3 U.S. wireless carrier’s shares, which have risen about 54 percent this year, fell 3.4 percent to $39.99 in morning trading.

Oct 27, 2015

Comcast posts in-line results, helped by ‘Minions,’ Internet unit growth

NEW YORK (Reuters) – Comcast Corp, the cable and entertainment company, posted in-line third-quarter results on Tuesday, helped by its NBCUniversal’s box-office hit “Minions” and growth in its high-speed Internet and business services divisions.

Comcast, which is both the largest U.S. cable operator and the No. 1 U.S. high-speed Internet provider, reported total revenue rose 11.2 percent to $18.7 billion in the third quarter ended Sept. 30. Analysts on average had forecast revenue of $18.03 billion, according to Thomson Reuters I/B/E/S.

Oct 26, 2015

Dish to test automated TV ad sales

NEW YORK (Reuters) – Dish Network Corp (DISH.O: Quote, Profile, Research, Stock Buzz) will begin experimenting with automated ad sales, moving away from the pay-TV industry’s years-old way of selling ads through phone calls, paperwork and in-person deal-making.

Dish will open up a digital ad market to let advertisers buy linear television ads as a beta test before officially launching at a later date, the company said in a statement on Monday.

Oct 23, 2015

AT&T profit beats Street, raises full-year forecast

By Sudarshan Varadhan and Malathi Nayak

(Reuters) – AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz), the No. 2 U.S. wireless carrier and the world’s largest pay-TV operator, raised its 2015 earnings forecast as quarterly earnings beat expectations on cost cuts and gains in wireless and DirecTV subscribers.

AT&T shares rose 1.7 percent in after-hours trading on Thursday.

Reporting results for the first time since closing its $48.5 billion purchase of satellite TV operator DirecTV in July, AT&T lifted its adjusted earnings forecast to $2.68-$2.74 per share from $2.62-$2.68.

Oct 20, 2015

Verizon results beat estimates as promotions pay off

Oct 20 (Reuters) – Verizon Communications Inc
reported better-than-expected quarterly results as heavy
promotions helped the wireless company add monthly subscribers
amid heated competition from rival carriers.

Net income attributable to Verizon rose 9.3 percent to $4.04
billion, or 99 cents per share, in the quarter ended Sept. 30.