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FTC Settlement Didn’t Disclose Google’s YouTube Revenues
Google (GOOGL) agreed to pay $170 million in a settlement with the FTC. So, how much money does Google make from its YouTube business?
What Qualcomm and Apple Said at Federal Trade Commission Trial
Qualcomm (QCOM) and Apple executives were called to testify in the trial of an antitrust case brought up by the United States Federal Trade Commission (or FTC) against Qualcomm.
Tronox Gives Updates on Cristal Acquisition
Tronox has filed a lawsuit in the United States District Court asking declaratory and injunctive relief to ensure that FTC doesn’t block the acquisition.
Brace Yourself for Delta to Revise Guidance Lower Due to Outage
Delta Air Lines (DAL) witnessed a huge outage in August that resulted in its utilization declining by 2.9% in August 2016.
How Is Hain Celestial Group Advancing with Its Project Terra?
To drive accelerated net sales and margin growth, Hain Celestial plans to establish five strategic platforms within the Hain Celestial US segment beginning in fiscal 2017.
Can Delta Prove Investors Wrong by Improving Its Yields in 3Q16?
Delta Air Lines’s (DAL) passenger unit revenue per available seat mile decreased by 7% in July 2016. An increase in PRASM validates the airline’s ability to generate higher revenue per seat.
What Hurt Mead Johnson Nutrition’s Revenue in 2Q16?
In 2Q16, Mead Johnson (MJN) reported a drop in revenue of ~9% to $942 million, compared to revenue of ~$1.0 billion in 2Q15.
Mead Johnson Nutrition Reports Higher Operating Profit for 2Q16
For fiscal 2Q16, Mead Johnson Nutrition Company (MJN) reported that its operating profit rose 10% compared to the prior year’s corresponding quarter to $230 million on a constant-currency basis.
Earnings Growth Led J.M. Smucker’s Stock Performance
The J.M. Smucker Company (SJM) reported its fiscal 4Q16 and fiscal 2016 results on June 9, 2016. The company ended fiscal 2016 with strong earnings.
Estée Lauder: 2Q16 Revenue Soars, but Operating Margin Falls
Estée Lauder reported a slight decrease in its 2Q16 gross margin, which remained virtually flat from the prior year at 81.2%.
Hormel Foods’ Earnings Beat Consensus Estimates in Fiscal 4Q15
Hormel Foods (HRL) reported fiscal 4Q15 non-GAAP (generally accepted accounting principles) net earnings of $187, an increase of 9%.
Archer Daniels Midland Misses Consensus Earnings Estimates
Archer Daniels Midland reported earnings per share of $0.60 in 3Q15, missing consensus estimates by 18%. When compared to 3Q14, EPS has fallen by 30%.
Reynolds American’s 3Q15 American Snuff Company Results
Reynolds American’s 3Q15 revenue for the American Snuff Company rose ~4% to $0.22 billion in 3Q15 compared to $0.20 billion in 3Q14.
Farmer Brothers’ Relocation Plans and Improved Gross Margin
Farmer Brothers’ (FARM) gross profit in 4Q15 increased by $3.7 million, or 8.2%, to $49.2 million. It recorded a 4Q14 gross margin of $45.5 million.