Netflix lost US subscribers for the first time ever
* Stories are summarized by an A.I.
* Stocks or companies mentioned: NFLX, EBAY, MSFT, DPZ, IBM, T, SBUX, AAPL, RBGLY, and SMME
Netflix lost US subscribers for the first time ever
NFLX (Netflix Inc) | Quartz
Netflix lost 126,000 US subscribers in the second quarter (which ended June 30), the company announced in its earnings report today (July 17). Although subscriber growth has been leveling off in the saturated US market, Netflix had expected to add about 300,000 subscribers in the past quarter. The streaming giant also announced lackluster growth in international subscribers, a number investors have been tracking as a measure of future successes. Although Netflix expected to pick up 5 million total new subscribers in Q2, it actually brought in just 2.7 million. The company recently announced that season three of Stranger Things, which debuted on July 4, had been viewed by over 40 million subscribers in the first week.
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UPDATE 1-EBay beats estimates as more shoppers flock to site, shares rise
EBAY (eBay Inc) | Reuters
EBay Inc (EBAY.O) beat Wall Street estimates for quarterly revenue and profit on Wednesday, as a multi-year effort to make its platforms easier to use attracted more customers, sending its shares up 5%. The e-commerce company forecast third-quarter adjusted profit in the range of 62 cents to 65 cents per share and revenue of $2.61 billion to $2.66 billion.
Read More
Microsoft reports hundreds of election-related cyber probes
MSFT (Microsoft Corporation) | The Wasington Post
Microsoft says it has detected more than 740 infiltration attempts by nation-state actors in the past year targeting U.S.-based political parties, campaigns and other democracy-focused organizations including think tanks and other nonprofits. A company spokeswoman would not name or further characterize the targets. It provides free cyberthreat detection to candidates, campaigns and other mostly election-related groups. Microsoft did not say how many infiltration attempts were successful but noted in a blog post Wednesday that such targeting similarly occurred in the early stages of the 2016 and 2018 elections. A year ago, Microsoft said it had detected attempts to infiltrate the networks of U.S. senatorial candidates and think tanks.
Read More
Domino's Posts 2nd-Quarter Earnings Beat, but Sales Miss Estimates
DPZ (Domino's Pizza Inc) | Guru Focus
Domino’s reported same-store sales growth of 3% in the U.S., including company-owned and franchise stores. Wall Street was anticipating comps growth of 4.8%. The second quarter marked the 33rd straight quarter of positive domestic same-store sales growth and the 102nd quarter of consecutive international comps growth. Store countIn the second quarter, the company opened 200 new stores, of which 42 were in the U.S. and 158 were international locations. However, the downside of the strategy is that it could negatively impact comparable store sales growth.
Read More
Cloud growth fuels IBM profit beat, shares rise
IBM (International Business Machines Corporation) | Yahoo Finance
FInternational Business Machines Corp beat analysts' estimates for second-quarter profit on Wednesday, propped up by recurring growth in its high-margin cloud computing business, sending its shares up as much as 4% in extended trading. Revenue from the cloud unit, the faster-growing service and a key metric for the company, grew 5% to $19.50 billion in the trailing 12 months. Total revenue slipped 4.2% to $19.16 billion, in line with analysts' estimates of $19.16 billion. IBM which makes over 60% of its revenue from outside the United States, said a stronger dollar dragged revenue lower by about $500 million. On an adjusted basis, the company earned $3.17 per share beating estimates of $3.07.
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Microsoft-AT&T partnership is a preemptive strike in 5G
T (AT&T Inc) | Venture Beat
AT&T and Microsoft announced a multiyear partnership that will see AT&T move its non-network infrastructure computing needs to the Microsoft Azure cloud as it becomes a “cloud first” company. 5G will be an innovative technology that will create major opportunities for network operators to not only provide faster connectivity and lower latency but also to offer network services they never could have created before. If the network operators don’t leverage this to offer new services and revenue streams, others surely will. Of course, this means AT&T will offer Microsoft Azure as the preferred service, to the competitive advantage of Microsoft. Bottom line: We should expect to see a lot more partnering between cloud infrastructure providers and network operators as 5G becomes more available in the next 1-2 years.
Read More
Starbucks Earnings: What to Watch
SBUX (Starbucks Corporation) | Yahoo Finance
Further highlighting the company's momentum in comp growth, Starbucks' fiscal second quarter marked its second consecutive quarter of positive transaction growth. Rewards membersAnother area of strength for Starbucks has been its double-digit growth in U.S.-based Starbucks rewards members. Capturing how important the company's rewards program is, 41% of U.S. sales came from rewards members in Q2, management said in Starbucks' fiscal second-quarter earnings call. In addition, the company's rewards program in China, which was launched earlier this year, is off to a great start.
Read More
iPhone loyalty is dropping, report finds
AAPL (Apple Inc) | CNET
BankMyCell collected data from over 38,000 people during valuation and trade-in since Oct. 2018 to track Apple brand loyalty during the upgrade cycle. Now playing: Watch this: 5G phones you can buy right nowIn June 2019, 18% of iPhone trade-ins switched to a Samsung phone, it said. Using data from other companies to complement its own findings, BankMyCell said iPhone loyalty is at its lowest since 2011, sitting at 73% compared to the all-time high of 92% in 2017. Android phone sales were up 2.5% to 61% of all sales. Gartner also reported phone shipments are seeing their worst decline ever, estimating that global shipments will fall by 68 million devices this year.
Read More
What Reckitt’s $1.4 Billion Settlement Says About The Pharma Industry
RBGLY (Reckitt Benckiser Group PLC) | Forbes
Reckitt Benckiser Group’s $1.4 billion settlement with US authorities last week is another reminder that pharmaceutical companies continue to put profits over patients. Reckitt’s settlement concerns the oral film version of the drug, Suboxone, and is the largest recovery involving the marketing of an opioid drug. Without them, it is unlikely the government would find out exactly how pharma companies have abused their position of trust to manipulate doctors and patients in a harmful way. The Reckitt settlement rightfully places much of the responsibility for the opioid epidemic where it belongs, on the pharmaceutical companies that manufacture and market opioids. Pharma companies seeded the opioid crisis and helped it take root and grow.
Read More
SmartMetric Secures Contactless Credit and Debit Cards With Its Biometric Technology Inside the Card
SMME (Smartmetric Inc) | Business Wire
This is where the introduction of biometrics onto the payments card turns an insecure card into a biometric high-level security product that uses the person’s fingerprint scan on the card to activate the card’s contactless function.
Read More
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* Stocks or companies mentioned: NFLX, EBAY, MSFT, DPZ, IBM, T, SBUX, AAPL, RBGLY, and SMME
Netflix lost US subscribers for the first time ever
NFLX (Netflix Inc) | Quartz
Netflix lost 126,000 US subscribers in the second quarter (which ended June 30), the company announced in its earnings report today (July 17). Although subscriber growth has been leveling off in the saturated US market, Netflix had expected to add about 300,000 subscribers in the past quarter. The streaming giant also announced lackluster growth in international subscribers, a number investors have been tracking as a measure of future successes. Although Netflix expected to pick up 5 million total new subscribers in Q2, it actually brought in just 2.7 million. The company recently announced that season three of Stranger Things, which debuted on July 4, had been viewed by over 40 million subscribers in the first week.
Read More
UPDATE 1-EBay beats estimates as more shoppers flock to site, shares rise
EBAY (eBay Inc) | Reuters
EBay Inc (EBAY.O) beat Wall Street estimates for quarterly revenue and profit on Wednesday, as a multi-year effort to make its platforms easier to use attracted more customers, sending its shares up 5%. The e-commerce company forecast third-quarter adjusted profit in the range of 62 cents to 65 cents per share and revenue of $2.61 billion to $2.66 billion.
Read More
Microsoft reports hundreds of election-related cyber probes
MSFT (Microsoft Corporation) | The Wasington Post
Microsoft says it has detected more than 740 infiltration attempts by nation-state actors in the past year targeting U.S.-based political parties, campaigns and other democracy-focused organizations including think tanks and other nonprofits. A company spokeswoman would not name or further characterize the targets. It provides free cyberthreat detection to candidates, campaigns and other mostly election-related groups. Microsoft did not say how many infiltration attempts were successful but noted in a blog post Wednesday that such targeting similarly occurred in the early stages of the 2016 and 2018 elections. A year ago, Microsoft said it had detected attempts to infiltrate the networks of U.S. senatorial candidates and think tanks.
Read More
Domino's Posts 2nd-Quarter Earnings Beat, but Sales Miss Estimates
DPZ (Domino's Pizza Inc) | Guru Focus
Domino’s reported same-store sales growth of 3% in the U.S., including company-owned and franchise stores. Wall Street was anticipating comps growth of 4.8%. The second quarter marked the 33rd straight quarter of positive domestic same-store sales growth and the 102nd quarter of consecutive international comps growth. Store countIn the second quarter, the company opened 200 new stores, of which 42 were in the U.S. and 158 were international locations. However, the downside of the strategy is that it could negatively impact comparable store sales growth.
Read More
Cloud growth fuels IBM profit beat, shares rise
IBM (International Business Machines Corporation) | Yahoo Finance
FInternational Business Machines Corp beat analysts' estimates for second-quarter profit on Wednesday, propped up by recurring growth in its high-margin cloud computing business, sending its shares up as much as 4% in extended trading. Revenue from the cloud unit, the faster-growing service and a key metric for the company, grew 5% to $19.50 billion in the trailing 12 months. Total revenue slipped 4.2% to $19.16 billion, in line with analysts' estimates of $19.16 billion. IBM which makes over 60% of its revenue from outside the United States, said a stronger dollar dragged revenue lower by about $500 million. On an adjusted basis, the company earned $3.17 per share beating estimates of $3.07.
Read More
Microsoft-AT&T partnership is a preemptive strike in 5G
T (AT&T Inc) | Venture Beat
AT&T and Microsoft announced a multiyear partnership that will see AT&T move its non-network infrastructure computing needs to the Microsoft Azure cloud as it becomes a “cloud first” company. 5G will be an innovative technology that will create major opportunities for network operators to not only provide faster connectivity and lower latency but also to offer network services they never could have created before. If the network operators don’t leverage this to offer new services and revenue streams, others surely will. Of course, this means AT&T will offer Microsoft Azure as the preferred service, to the competitive advantage of Microsoft. Bottom line: We should expect to see a lot more partnering between cloud infrastructure providers and network operators as 5G becomes more available in the next 1-2 years.
Read More
Starbucks Earnings: What to Watch
SBUX (Starbucks Corporation) | Yahoo Finance
Further highlighting the company's momentum in comp growth, Starbucks' fiscal second quarter marked its second consecutive quarter of positive transaction growth. Rewards membersAnother area of strength for Starbucks has been its double-digit growth in U.S.-based Starbucks rewards members. Capturing how important the company's rewards program is, 41% of U.S. sales came from rewards members in Q2, management said in Starbucks' fiscal second-quarter earnings call. In addition, the company's rewards program in China, which was launched earlier this year, is off to a great start.
Read More
iPhone loyalty is dropping, report finds
AAPL (Apple Inc) | CNET
BankMyCell collected data from over 38,000 people during valuation and trade-in since Oct. 2018 to track Apple brand loyalty during the upgrade cycle. Now playing: Watch this: 5G phones you can buy right nowIn June 2019, 18% of iPhone trade-ins switched to a Samsung phone, it said. Using data from other companies to complement its own findings, BankMyCell said iPhone loyalty is at its lowest since 2011, sitting at 73% compared to the all-time high of 92% in 2017. Android phone sales were up 2.5% to 61% of all sales. Gartner also reported phone shipments are seeing their worst decline ever, estimating that global shipments will fall by 68 million devices this year.
Read More
What Reckitt’s $1.4 Billion Settlement Says About The Pharma Industry
RBGLY (Reckitt Benckiser Group PLC) | Forbes
Reckitt Benckiser Group’s $1.4 billion settlement with US authorities last week is another reminder that pharmaceutical companies continue to put profits over patients. Reckitt’s settlement concerns the oral film version of the drug, Suboxone, and is the largest recovery involving the marketing of an opioid drug. Without them, it is unlikely the government would find out exactly how pharma companies have abused their position of trust to manipulate doctors and patients in a harmful way. The Reckitt settlement rightfully places much of the responsibility for the opioid epidemic where it belongs, on the pharmaceutical companies that manufacture and market opioids. Pharma companies seeded the opioid crisis and helped it take root and grow.
Read More
SmartMetric Secures Contactless Credit and Debit Cards With Its Biometric Technology Inside the Card
SMME (Smartmetric Inc) | Business Wire
This is where the introduction of biometrics onto the payments card turns an insecure card into a biometric high-level security product that uses the person’s fingerprint scan on the card to activate the card’s contactless function.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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