What's this? This is an unbiased just-the-facts news timeline ('newsline') about Financial Report, created by Newslines contributors. Become a contributor

Financial Report

Latest News view > Click for Biography view
6 Aug, 2015

Stock falls

0 Comments

Keurig shares fall about 30% in pre-market trading after announcing that sales are down and the company plans to cut its workforce by 5%. The stock is down 43% year-to-date. CEO Kelly:

While we are not pleased with our revenue growth, we delivered earnings at the high end of our previous guidance.

4 Aug, 2015

Shares fall

0 Comments

Twitter shares plunge on the New York Stock Exchange, dropping 5.6% to $29.27 which is the lowest level ever. The share price has fallen a total of 45% in four months. Co-founder Dorsey:

We haven’t done a great job at aligning the entire company around our total audience strategy.

24 Jul, 2015

First-half losses grow

0 Comments

Air France-KLM promises further acceleration of cost-cutting as it reports widening of first-half losses to of 619 million euros. The company will add a further 300 million euros ($328.4 million) to a previously announced 1.5-billion-euro cost-cutting programme. Group chief executive Juniac:

The lack of results improvement leads us to implement immediate additional adaptation measures including, in particular, the closure of heavily loss-making routes, the downward revision in capacity for the forthcoming winter season, together with an acceleration and an increase in the magnitude of our cost-saving initiatives.

21 Jul, 2015

Stock down 7%

0 Comments

Apple stocks fall 7% after it releases its third quarter financial report showing that iPhone sales were lower than investors expected. Even though revenue is up 33% at $49.6 billion, iPhone sales are short 1.3 million units than expected in part due to low inventory. iPhone sales make up half of Apple’s revenue. CEO Cook:

Channel was down by 600,000. We sold more units than we thought we would. We always run with just the inventory we thought we need. In this quarter, we were able to end right at the bottom end of our range. Revenue would have been higher if we expanded channel, but that’s not how we think of the business.

15 Jul, 2015

Malaysian economy stable

0 Comments

Malaysia still remains stable despite weaknesses coming from the external front, including lower oil prices and the situation in the eurozone. The government has since revised the fiscal deficit projection to a manageable target of 3.2 per cent of GDP for 2015.

14 Jul, 2015

Issues profit warning as advertisers cut spending

Makes Statement0 Comments

Johnston Press reports that full-year profits would be down by around 5.5% and half year profits by around 5% after it saw a fall in advertising revenues and circulation sales in the 26 weeks to 4 July 2015. The company said advertisers chose to hold off and slash spending across print and online amid the uncertainty caused by the election. The share price falls by more than 16%. CEO Highfield:

Trading conditions in the first half of 2015 have undoubtedly been challenging, especially in the period around the general election – a time when there was also a high degree of uncertainty in the wider market.

28 Apr, 2015

Stock crashes after early earnings release

0 Comments

The Company’s stock crashes after financial analytics firm Selerity posts a quarterly report before the stock market closes. The report shows revenue growth at 74 percent in the quarter, which is below the company’s own forecasts. Twitter shares plunge on the news, and trading briefly halts so the company can disseminate its results. The drop steepens and the stock ends the day down about 18 percent. Executives attribute the slowdown to a transition to an advertising model that prices certain ads based on the result, such as whether the viewer downloaded an app, instead of whether the person simply clicks on it.

23 Apr, 2015

First Quarter EPS below estimates

0 Comments

For the sixth straight quarter, Google’s earnings fell below analyst estimates, with earnings per share of $6.57 against analysts expectation of $6.61. But investors were pleased with a healthy bump in the number of paid clicks on Google ads and comments from executives about the growing popularity of ads on YouTube, sending shares up 4% to $567.45 in after-hours trading.