Netflix seeks streaming earnings rebound: Netflix has a rebound Wednesday.
The streaming giant will launch its third quarter earnings after the market close, and all eyes will be on its subscriber numbers. In the last quarter for the first time in eight years, Netflix posted a quarterly loss of 126,000 paying US customers.
For years, Netflix has been the only game in the city, but consumers have other options: Amazon Prime, CBS All Access, and Hulu, with many more on the way.
A recent study by Deloitte indicates that there is still room to grow for Netflix. The consulting firm said that 65 percent of American households have not yet cut the cable and subscribed to a cable / satellite / pay TV service, and that 29 percent also pay for a service. of transmission.
Netflix seeks streaming earnings rebound
Netflix anticipates announcing the global growth of seven million new subscribers.
But how long this growth margin will last is in doubt.
In the next six months, Apple + from the iPhone maker, Disney + from Hollywood's largest collection studio, Peacock from the largest cable company in the United States Comcast and Warner Media from AT&T. HBO Max will launch new, content-rich streaming services. On Tuesday, an unexpected player also joined in the bump: AMC Theatres.
Netflix shares have dropped more than 22 percent since their last earnings release. However, it has increased a little over six percent to date. The most striking numbers are the content costs of the transmitter. This year, Netflix is slated to spend $ 15 billion.
Dunkin 'confirms the exit of EE of the CMO. UU Tony Weisman
Dunkin 'is ready for new marketing leadership following an announcement by EE Marketing Director. UU Tony Weisman will be retiring on December 1.
The decision has prompted an immediate search to find a successor to the business, the parent company of Dunkin 'and Baskin Robbins, with the chief executive of Dunkin' Brands and the chairman of Dunkin 'EE. USA, Dave Hoffman, to lead the marketing department in the interim.
Hoffmann said: "Tony has played a key role in transforming our brand, including our widely praised decision to remove" Donuts "from our logo."
He continued, "In addition, it has brought together a highly talented marketing and culinary team, and an award-winning group of outside creative agencies, all of which will enable us to keep up with our plans to make Dunkin 'America the most beloved, beverage-led brand. "
Weisman has come up with a radical overhaul of Dunkin's business since joining the company in 2017 from DigitasLBi, most recently with the launch of "human batteries", a technology-inspired coffee brand.
Bancorp from EE UU Exceeds the third quarter earnings forecast as a loan, mortgage growth generates a profit
On Wednesday, Bancorp posted better-than-expected earnings in the third quarter, as growth in loans and deposits, as well as solid mortgage activity, offset a low interest rate environment for the Minneapolis-based lender .
Wednesday, Bancorp (USB - Get Report) from EE. UU It posted better-than-expected earnings in the third quarter, as growth in loans and deposits, as well as solid mortgage activity, offset a low interest rate environment for the Minneapolis-based lender.
Bancorp said earnings for the three months ending September were $ 1.15 per share, an increase of 8.5% from the same period last year - four cents before the Street Consensus Forecast . The group's revenue, Bancorp said, rose 4% to $ 5.9 billion, just ahead of analyst estimates for a $ 5.8 billion account.
"Despite a challenging interest rate environment, we recorded record revenue, net income and earnings per share in the third quarter, yielded industry-leading returns on assets and equity, and increased our book value by more than 10% from the previous year, "said CEO Andy Cecere.
"As we approach the last quarter of 2019, we feel good about our opportunity to gain market share in our franchise and our ability to wisely manage our operating expenses, even when we invest in our own. key digital capabilities and business initiatives, "he added.
US Bancorp shares were marked 1.47% higher immediately after earnings were posted to indicate an opening bell price of $ 54.55 each, a measure which would extend the year's gain so far to. around 19.4%.