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☆ David Zaslav risked Warner Bros. Discovery's future by passing on the NBA — and the gamble might pay off
▼ + stars: | 2024-09-14 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

NBA rights proved to be a hotter commodity than many expected — seemingly including WBD CEO David Zaslav. The Charter deal is a coup for WBDWall Street has had little confidence in Zaslav and company lately. AdvertisementAfter the news that WBD had done just that with Charter, Greenfield heaped praise on WBD. As great as WBD's deal with Charter may be, Greenfield doesn't believe Zaslav is out of the woods. If Zaslav surprises the Street again with his Comcast deal, his company may have better days ahead.

Persons: —, David Zaslav, NBCU, WBD's, Max —, WBD, Rich Greenfield, LightShed, Greenfield, Turner, Craig Moffett, MoffettNathanson, Moffett, Zaslav, Brian Roberts, Matt Belloni, Greenfield doesn't, Comcast's NBCU, Charter's, Venu, Brandon Ross Organizations: Service, Warner, NBA, Business, TNT, HGTV, Food Network, Comcast, DirecTV, Warner Bros, WBD, Charter, NBC Universal, Zaslav, Puck News, —, Disney Locations: Zaslav

☆ Stocks making the biggest moves premarket: Spotify, General Motors, Coca-Cola and more
▼ + stars: | 2024-07-23 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

General Motors — The auto stock jumped 4.6% after General Motors easily topped second-quarter estimates. The aerospace company posted second-quarter earnings of $6.85 per share on revenues of $18.12 billion. NXP Semiconductors — Shares dropped 7% after NXP Semiconductors reported second-quarter earnings that missed estimates. Danaher — The life sciences stock jumped 6% after Danaher posted second-quarter earnings and revenue that exceeded expectations. Zions Bancorporation — Shares gained 3% after Zions Bancorp posted second-quarter earnings that exceeded expectations.

Persons: General Motors, Lockheed Martin, LSEG, Danaher, Rainer Blair, Zions, CNBC's Hakyung Kim, Jesse Pound Organizations: Technology, Spotify Technology, General, General Motors, GM, Lockheed, Cola, NXP Semiconductors, United Parcel Service, UPS, Holdings, Crown Holdings, Zions Bancorp, LSEG, GE Aerospace, Comcast —, Comcast Locations: China

☆ Stocks making the biggest moves midday: Spotify, United Parcel Service, Pentair and more
▼ + stars: | 2024-07-23 | by ( Sean Conlon | ) www.cnbc.com time to read: +5 min

United Parcel Service — The package delivery company plunged more than 12%, hitting a new 52-week low, after posting a miss on both top and bottom lines in the second quarter. Pentair beat expectations for the second quarter, posting earnings of $1.22 per share, excluding items, compared to the FactSet consensus estimate of $1.14 per share. NXP Semiconductors posted adjusted earnings of $3.20 per share, which was below the LSEG consensus estimate of $3.21 per share. Inter Parfums — The stock jumped more than 6% after the fragrance manufacturer posted record net sales for the second quarter. The regional bank earned $1.28 per share, above the consensus estimate of $1.10 a share from analysts polled by LSEG.

Persons: LSEG, MSCI, FactSet, Pentair, Danaher, Rainer Blair, Sherwin, Williams, Lockheed Martin, —, Alex Harring, Yun Li, Hakyung Kim Organizations: Spotify, United Parcel Service, UPS, Revenue, NXP, Crown Holdings, Inter, Comcast —, LSEG, General Motors, Buick, GE Aerospace, Lockheed, Comcast, CNBC Locations: U.S, Michigan

☆ Stocks making the biggest moves premarket: Meta Platforms, Honeywell, Merck, Southwest Airlines and more
▼ + stars: | 2024-04-25 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

However, first-quarter earnings and revenue both came above analysts' estimates. Honeywell — The industrial stock rose 2.2% in premarket trading after the company posted earnings per share of $2.25, beating LSEG analysts' estimates of $2.17. Revenue for the quarter came in at $9.11 billion, compared to the $9.03 billion analysts were expecting. Analysts surveyed by LSEG forecast $1.88 in earnings per share and $15.20 billion in revenue. ServiceNow — The workflow management company shed 4% after narrowly beating analysts' revenue expectations in the first quarter.

Persons: Merck, LSEG, ServiceNow, —, Macheel, Samantha Subin, Jesse Pound, Pia Singh, Alex Harring Organizations: Facebook, Honeywell, Merck, Southwest Airlines, American Airlines, LSEG, StreetAccount, IBM, Caterpillar, Deutsche Bank — U.S, Deutsche Bank, Comcast, Technology, Revenue, CNBC Locations: NBCUniversal

☆ Stocks making the biggest moves midday: Meta, Victoria's Secret, Microsoft, Caterpillar and more
▼ + stars: | 2024-04-25 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Honeywell posted adjusted earnings per share of $2.25, beating analysts' estimates of $2.17 per share, per LSEG. Revenue for the quarter also came in better-than-expected at $9.11 billion, compared to the $9.03 billion analysts were expecting. ServiceNow — The digital workflow firm slid 5% after it only narrowly beat analysts' revenue expectations in the first quarter. ServiceNow posted revenue of $2.6 billion, slightly higher than the $2.59 billion analysts polled by LSEG had anticipated. Caterpillar — Shares tumbled 6.5% after revenues of $15.8 billion for the most recent quarter missed analysts' estimates of $16.04 billion, according to LSEG.

Persons: Goldman Sachs, Mark Zuckerberg, ServiceNow, LSEG, —, Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox Organizations: Facebook, Meta, Tech, Microsoft, Beverage, JPMorgan, Monster Beverage, Honeywell —, Honeywell, Revenue, Merck, Co, LSEG, — Bank of America, Southwest Airlines —, Management, StreetAccount, Machines, IBM, Bank of America, Caterpillar, Nvidia —, Nvidia, Comcast, Deutsche Bank — U.S, Deutsche Bank, CNBC Locations: NBCUniversal

☆ YouTube has become one of the biggest pay TV services in the US
▼ + stars: | 2024-02-06 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

YouTube TV is now the fourth-biggest pay TV service in the US. It's here now: Its YouTube TV offering has become one of the biggest pay-TV services in the US. YouTube TV — which, like conventional pay TV, sells a bundle of dozens of channels — now has "more than 8 million" subscribers, YouTube CEO Neal Mohan announced Tuesday morning. Now comes the other part of the equation: As YouTube TV has grown, conventional pay TV has shrunk. And it's partly because some pay TV providers — like Comcast — have stopped trying to convince customers to keep or get pay TV.

Persons: —, Neal Mohan, there's Organizations: Google, YouTube, Service, Charter, Comcast, DirecTV, NFL

☆ Stocks making the biggest moves midday: Tesla, American Airlines, Boeing, Humana and more
▼ + stars: | 2024-01-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

American Airlines posted adjusted earnings of 29 cents per share on $13.06 billion in revenue. Adjusted earnings per share came in at $3.87 for the fourth quarter, topping the $3.78 expected from analysts polled by LSEG. ResMed's adjusted earnings were $1.88 per share for its fiscal second quarter, compared to the $1.77 per share expected from analysts polled by StreetAccount. Adjusted earnings in the fiscal second quarter were $7.52 per share, versus the $7.12 per share consensus estimate, per LSEG. United Rentals' adjusted earnings per share, revenue and adjusted earnings before interest, taxes, depreciation, and amortization all topped consensus estimates, per FactSet.

Persons: Tesla, Max, Northrop Grumman, — CNBC's Hakyung Kim, Samantha Subin, Tanaya Macheel, Sarah Min Organizations: American Airlines –, American Airlines, LSEG, IBM —, postmarket, Revenue, Boeing —, Bank of America, Boeing, Alaska Airlines, Federal Aviation, StreetAccount . Revenue, Humana, Comcast —, Comcast, LSEG . Revenue, Northrop, U.S . Air Force's, Nokia —, Nokia, United Rentals, Avis Budget, Avis Budget Group, Deutsche Bank, CNBC Locations: Lam, Finnish

☆ Elon Musk isn't helping his CEO Linda Yaccarino's claims that X is safe for companies
▼ + stars: | 2023-11-17 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Linda Yaccarino's efforts to reassure companies about X are being undermined by Elon Musk. Yaccarino released a statement on Thursday saying X is working to combat antisemitism. However, one day before her post, Musk supported an antisemitic conspiracy theory on the platform. AdvertisementLinda Yaccarino's efforts to reassure companies that X is safe for brands are being undermined by Elon Musk's actions. The contrast between Yaccarino's statement and Musk's post was not lost on platform users.

Persons: Linda Yaccarino's, Elon Musk, Yaccarino, Musk, —, Elon Musk's, …, Linda Yaccarino, Dustin Moskovitz, Ross Gerber, Tesla, VWqtI32Jxz — Matthew Gertz, Yaccarino —, Yaccarino's, Lou Paskalis, they're Organizations: Service, IBM, Financial, Media, Apple, Comcast, X, Business, Reuters, Vox Media, Conference

☆ Stocks making the biggest moves midday: Merck, Bristol-Myers Squibb, Align Technology and more
▼ + stars: | 2023-10-26 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

UPS — The shipping company saw shares decline 5.9% after releasing its third-quarter earnings report, which showed disappointing revenue. Full-year revenue guidance was also slightly below expectations. Whirlpool — The home appliance company dropped 15.8% on Thursday after Whirlpool issued full year earnings guidance of about $16 per share. Bristol-Myers Squibb — Shares of the drug maker fell 6.2% after the company reported a decline in sales of its popular blood cancer drug, Revlimid, citing generic competition. ServiceNow — The workflow software company jumped 1.6% after posting third-quarter earnings and revenue that beat analyst expectations.

Persons: LSEG, Merck —, Merck, Steven Vondran, Thomas Bartlett, ServiceNow, —, Alex Harring, Yun Li, Lisa Kailai Han, Tanaya, Hakyung Kim Organizations: Bunge —, Comcast, UPS, Hasbro, Whirlpool, Bristol, Myers, Merck, Technology, American Tower Corporation, Flex, IBM —, Wall, CNBC Locations: NBCUniversal, American

☆ Stocks making the biggest moves midday: Meta Platforms, Chipotle, Royal Caribbean and more
▼ + stars: | 2023-07-27 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +7 min

Meta Platforms reported earnings of $2.98 per share on $32 billion in revenue. Royal Caribbean , Norwegian Cruise Line — Shares of Royal Caribbean surged 8.7% after the cruise company beat expectations for the second quarter. Royal Caribbean reported $1.82 in adjusted earnings per share on $3.52 billion of revenue. The company reported $5.98 in adjusted earnings per share on $3.21 billion in revenue. The company reported $2.05 in adjusted earnings per share, below the StreetAccount consensus of $2.33 per share.

Persons: Chipotle, Refinitiv, Lam, L3Harris, Willis Towers Watson, Northrop Grumman, Northrop, Sunnova, Edwards, StreetAccount, —, Alex Harring, Hakyung Kim, Samantha Subin, Yun Li Organizations: Refinitiv, Cruise, Royal Caribbean, Lam Research, KLA Corp, —, L3Harris, Northrop Grumman, Northrop, Management, Energy, Honeywell, Honeywell International, Comcast —, Comcast, Southwest Airlines, eBay, Wall Street, CNBC Locations: Royal Caribbean, Refinitiv

☆ Stocks making the biggest moves premarket: Southwest Airlines, Meta Platforms, Align Technology, eBay and more
▼ + stars: | 2023-07-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Chipotle reported $2.51 billion in revenue, while analysts polled by Refinitiv had expected revenue of $2.53 billion. Meta Platforms — The Facebook parent jumped nearly 9% after reporting earnings and revenue for the second quarter that topped analysts' estimates. Same-store sales grew 11.7% in the second quarter. Sunnova Energy — Shares of the solar company slid more than 7% following weaker-than-expected financial results in the second quarter. Sunnova posted a wider-than-expected loss of 74 cents per share, while analysts expected a loss of 42 cents per share, according to FactSet.

Persons: Chipotle, Refinitiv, Edwards Lifesciences, Meta, Lam, McDonald's, Richard Dickson, Sunnova, —, Jesse Pound, Alex Harring, Yun Li Organizations: Southwest Airlines —, eBay, FactSet, Technology, Revenue, Facebook, Lam, Honeywell —, Honeywell, Mattel, Comcast —, NBC, Management, Energy, Comcast, CNBC Locations: Refinitiv, China, FactSet

☆ Stocks making the biggest moves midday: JPMorgan Chase, General Motors, Exxon Mobil & more
▼ + stars: | 2023-05-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

NEW YORK, NEW YORK - APRIL 24: A person walks past a First Republic bank branch in Manhattan on April 24, 2023 in New York City. First Republic , JPMorgan Chase — First Republic shares and were halted after JPMorgan Chase acquired the ailing bank and most of its assets after regulators seized control. General Motors — The automaker gained 2% after Morgan Stanley upgraded General Motors to overweight from equal weight and called the stock oversold. — Regional bank stocks were volatile on Monday as investors reacted to the seizure and sale of First Republic Bank over the weekend. However, management said on the company earnings call Monday that demand for loans originating from the fourth quarter would see a lower monetization level due to higher interest.

☆ NBCUniversal faces a set of company-defining decisions as CEO Jeff Shell departs
▼ + stars: | 2023-04-24 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Shell announced he was departing the company immediately Sunday after admitting to an inappropriate relationship with an NBCUniversal employee. DiscoveryThe elephant in the room with NBCUniversal is the frequent speculation in media circles that a merger with Warner Bros. Warner Bros. Warner Bros. Warner Bros.

Etsy — The e-commerce company's shares rose 3.9% after Piper Sandler upgraded them to overweight from neutral. Virgin Orbit — The satellite launch company sank 14% in the premarket after filing for Chapter 11 bankruptcy protection. Tesla — Shares of the electric vehicle maker ticked up nearly 1% in premarket trading. Tesla stock declined 6.1% a day earlier, with investors seemingly responding to the company's vehicle delivery report from the weekend. The media company's shares have jumped 7.8% year to date.

☆ Stocks making the biggest moves premarket: Southwest, Tesla, Las Vegas Sands and more
▼ + stars: | 2023-01-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Tesla — The electric-vehicle maker soared 7% after reporting record revenue and an earnings beat. Wall Street analysts cited upbeat comments about its reopening in Macao on the company earnings call for their positive outlook on the stock. Levi Strauss topped analysts' revenue estimates and beat earnings projections by 5 cents a share. Total segment revenues fell short of expectations, while distributable earnings beat estimates by 12 cents a share. American Airlines — The airline gained 1.5% after its fourth-quarter profits beat Wall Street's expectations, thanks to strong holiday demand and high fares.

☆ Top DAZN exec reveals how the streamer is gearing up to super-serve fans in 2023, moving beyond boxing, and betting big on women's sports
▼ + stars: | 2023-01-12 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +8 min

We've also invested heavily in women's boxing. You are starting to see real, meaningful growth in women's sport now and that comes in different forms. The professionalism of the production in women's sport, we've been central to driving that forward. In the US, boxing fans in this country are disproportionately Hispanic relative to the wider population. The real business for us is the ongoing monthly subscription relationship that we have with boxing fans in this country, or soccer fans in Germany or Italy, and baseball fans in Japan.

☆ Stocks making the biggest moves premarket: Meta, Ford, Honeywell, Caterpillar & more
▼ + stars: | 2022-10-27 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Meta — The social media stock dropped 22.8% after Meta reported an earnings miss and a weaker-than-expected fourth-quarter forecast. Meta reported earnings of $1.64 per share on revenue of $27.71 billion. Caterpillar — Shares popped 5.1% after Caterpillar reported earnings that beat on the top and bottom lines. Caterpillar was expected to earn $3.16 per share on revenue of $14.33 billion, according to consensus estimates from Refinitiv. The defense company reported revenue of $8.97 billion, compared to forecasts of 9.13 billion, according to consensus estimates compiled by Refinitiv.

☆ Stocks making the biggest moves midday: Meta Platforms, ServiceNow, Teladoc, Credit Suisse & more
▼ + stars: | 2022-10-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

McDonald's — The fast-food giant's shares got a 2.8% lift after the company beat earnings expectations for its most recent quarter. Align Technology — The Invisalign maker saw its shares tumble 18% after it posted disappointing earnings for the most recent quarter. Credit Suisse — Shares of the Swiss bank plummeted 19.5% after Credit Suisse posted a greater-than-expected loss for the third quarter. ServiceNow — The stock jumped 13% after ServiceNow surpassed earnings expectations in its most recent quarter. Comcast — The media giant's stock rose 4.8% after topping analysts' earnings expectations for the third quarter.

☆ Stocks making the biggest moves midday: Digital World, Domino's, Revlon, Albertsons and more
▼ + stars: | 2022-10-13 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

It was a 52-week low for the stock. Applied Materials – The chip stock turned 4% higher after hitting a 52-week low earlier on disappointing revenue outlook. Otonomy — The biopharmaceutical company shot down 56.1% after the company said a drug for hearing loss showed "no clinically meaningful improvement." Dish Network — The TV and wireless company hit a 52-week low, down 2%. The stock was at a 52-week low during day trading.

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