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FireEye earnings top estimates, but forecast hurts stock

“The company had forecast adjusted earnings of 4 cents to 6 cents a share” writes Wallace Witkowski for marketwatch.com. FireEye had forecast fourth-quarter billings of $245 million to $255 million, while analysts polled by FactSet had estimate billings of $251.2 million.FireEye was expected to report earnings of 5 cents a share, according to 26 analysts polled by FactSet.Analysts forecast billings of $193.5 million for the first quarter and $919 million for the year.FireEye revenue for services — including things like threat intelligence, email security, endpoint security and network security —…

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Zynga bookings beat estimates as turnaround takes hold

“Mobile contributed nearly 93 percent to Zynga’s bookings of $267 million, well above analysts’ estimates of $259.3 million, according to IBES data from Refinitiv” reports businessinsider.com. The company said it expects first-quarter bookings of $325 million, while analysts were expecting $301.4 million.FILE PHOTO – The Zynga logo is pictured at the company’s headquarters in San Francisco Thomson Reuters (Reuters) – Zynga Inc on Wednesday forecast quarterly bookings above analysts’ estimates after beating expectations for the fourth quarter, suggesting that the game developer was benefiting from its mobile push. Source: businessinsider.com

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GoPro tops revenue estimates, posts first profit in five quarters

“Quarterly revenue surged 13 percent to $377 million, exceeding Wall Street analysts’ average estimate of $374.2 million, according to IBES data from Refinitiv” reports businessinsider.com. “With this momentum and a continued focus on expense management, we’re planning for growth and profitability in 2019,” GoPro Chief Executive Officer Nicholas Woodman said in a statement. Source: businessinsider.com

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New York Times beats estimates on digital subscriber growth

“The Times said it added 265,000 number of total digital subscribers in the quarter, compared with the 157,000 subscribers a year earlier” writes Midwest Communications Inc for 95kqds.com. (Reuters) – The New York Times Co reported better-than-expected quarterly profit and revenue on Wednesday, as it signed up almost 9 percent more digital subscribers in just three months.The company’s digital advertising revenue rose 22.8 percent to $103.4 million in the fourth quarter, while print advertising revenue fell 10.2 percent.Total revenue rose to $502.7 million from $484.1 million a year earlier, which…

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SoftBank Group’s third-quarter profit leaps 60 percent, beating estimates

“Man looks at the logo of SoftBank Group Corp at the company’s headquarters in Tokyo Thomson Reuters TOKYO (Reuters) – Japan’s SoftBank Group Corp reported a 60 percent rise in quarterly operating profit on Wednesday, buoyed by rising valuations of its technology investments” reports businessinsider.com. SoftBank’s operating profit in the October-December quarter was 438.3 billion yen ($3.99 billion) versus 274 billion yen a year earlier. The technology and telecoms conglomerate did not release a forecast for the current business year, saying there were too many uncertain factors. Source: businessinsider.com

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Disney profit beats, driven by theme parks, media networks

“FILE PHOTO – The entrance to Walt Disney studios is seen in Burbank Thomson Reuters (Reuters) – Walt Disney Co reported first-quarter profit that beat analysts’ estimates on Tuesday, helped by higher customer spending at its U.S. theme parks and resorts, as well as strength in its media network business” reports businessinsider.com. Excluding certain items, Disney earned $1.84 per share, above analysts’ expectations of $1.55 per share, according to IBES data from Refinitiv. The company, which is buying the bulk of Twenty-First Century Fox Inc’s TV and film units, said…

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‘Bumblebee’ drives Viacom profit beat; revenue just short

“Revenue, however, came in just below Wall Street expectations at $3.09 billion compared to estimates of $3.12 billion, according to IBES data from Refinitiv” writes Midwest Communications Inc for 95kqds.com. (Reuters) – Viacom Inc beat analysts’ estimates for profit on Tuesday, boosted by higher fees from U.S. cable and satellite operators and the success of “Transformers” reboot “Bumblebee”.The company, which owns MTV, Comedy Central and Nickelodeon, said total affiliate revenue rose 3 percent to $1.17 billion, beating estimates of $1.11 billion, according to IBES data from Refinitiv.Domestic affiliate revenue, or…

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Alphabet beats Wall Street estimates, but spending worries investors

“SAN FRANCISCO (Reuters) – Alphabet Inc’s fourth-quarter revenue and profit beat Wall Street’s expectations on Monday but sharply higher spending, as it added data centers, cloud engineers and marketed its services heavily during the holidays, worried investors” writes Midwest Communications Inc for 95kqds.com. Alphabet’s fourth quarter revenue rose 22 percent from a year ago to $39.28 billion, compared to the average expectation of $38.93 billion among analysts tracked by Refinitiv.Alphabet Chief Financial Officer Ruth Porat said capital expenditures this year would “moderate quite significantly,” speaking to investors and analysts after…

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