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Fox Corporation (FOXA) - free report >>
Block, Inc. (SQ) - free report >>
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Fox, Square, Roku and e.l.f. Beat on Earnings
Twenty-First Century Fox (FOXA - Free Report) — following an eventful regular trading day discussing merger and acquisition shuffling between itself, Disney, Time Warner and AT&T — reported fiscal Q1 2018 earnings results after the bell today. The multi-media major beat the Zacks consensus estimate by a penny on the bottom line to 49 cents per share, whereas revenues outpaced the $6.87 billion estimate to $7.00 billion.
Fox did not enter the fray on new reports relating to Disney or the other companies being talked about today, but upon releasing Q1 numbers, the company said it is clear to close on its Sky Broadcasting purchase by June 30, 2018, “absent any further delays.” For more info on FOXA earnings, click here.
Mobile payment company Square Inc. (SQ - Free Report) posted a beat on its top and bottom line in its latest quarter, with earnings outperforming estimates by a penny on better-than-expected revenues. This is the fourth earnings beat in the past five quarters (the outlier was a meet), and earnings rose year over year roughly 170%. Square now approaches the market value of the other company CEO Jack Dorsey runs, Twitter. For more info on SQ earnings, click here.
The maiden voyage in public earnings results for entertainment streaming company Roku (ROKU - Free Report) was an extremely good showing: a bottom line of -10 cents per share far outperformed estimates of -$1.37, whereas revenues were also much better than expected at $124.8 million from the $110.5 million consensus.
Active accounts rose 48%, streaming hours went up 58% and average revenue per user (ARPU) up 37% year over year. ROKU shares have blasted off 27% as of this initial earnings report. For more info on ROKU earnings, click here.
Beauty products retailer e.l.f. (ELF - Free Report) , which stands for “eyes,” “lips,” “face”) also blew away estimates after today’s closing bell: earnings of 17 cents per share bested the 9 cents expected, and $71.9 million in quarterly sales topped the estimated $68.5 million. The 28% increase in Q3 sales actually outpaced guidance, resulting in a 5% sell-off in late trading. For more info on ELF earnings, click here.