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Nordstrom, Inc. (NYSE: JWN) shares fell by nearly 6% Wednesday after the company reported disappointing first-quarter earnings numbers and issued . ....
Share: On Thursday afternoon, Disney reported second-quarter EPS of 79 cents on revenue of $15.61 billion. Both numbers exceeded consensus analyst estimates of 27 cents and $15.87 billion, respectively. Revenue was down 13% from a year ago. Disney reported 103.6 million paid Disney+ streaming subscribers, well short of analyst expectations of 109 million. However, management reiterated its previous guidance of between 230 million and 260 million Disney+ subscribers by 2024. Average monthly revenue per user dropped 29% to $3.99 in the quarter, which Disney attributed to the launch of Disney+ Hotstar. Disney said it now had 159 million total direct-to-consumer subscribers, which includes ESPN+ and Hulu. Long-Term Subscriber Growth: CFRA analyst Tuna Amobi said the subscriber miss was likely driven by pull-forward effects of the pandemic in 2020, and Disney still appears on track to hit its longer-term subscriber goals. ....
Share: Popular with millennials and Gen Z users, Snap Inc s (NYSE: SNAP) Snapchat is pushing further into its original programming to better monetize its large user base. What Happened: At a presentation for advertisers on Wednesday, Snap Inc highlighted its upcoming slate of original programming. “Off Thee Leash With Megan Thee Stallion” features the Grammy-winning artist with celebrity friends and their pets. “Charli vs. Dixie” is a competition show that puts the popular D’Amelio sisters against each other. The pair rose to fame on TikTok and are among the most-followed people on social media. Other shows include: “Meme Mom,” about Snapchat favorite NicoleTV, following her life as a mother and having a career; “Twinning Out,” which shows Niki and Gabi DeMartino navigating difficult decisions in life; “Coming Out,” which features six young people coming out to their family and friends for the first time; and Breakwater, a� ....
During the month of March, the publicly-traded solid waste companies participated in a number of investor conferences, and all emphasized the positive fundamentals underpinning the industry. In this month’s edition of the Business Report, we present highlights from their updates, as well as color on GFL Environmental’s most recent, large acquisition. Solid Waste as a Reopening Play and the Strong Housing Market Should Provide Further Impetus Although all of the solid waste companies’ commercial volumes and businesses have rebounded off the lows recorded in the second quarter, large swathes of the business are still shut or restricted, particularly in the entertainment, hospitality, leisure, restaurant and education sectors. ....