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Apr 25 2024
News
Comcast Ekes Out Q1 Profit Despite Cord-Cutting, Tepid Ad Spending
Comcast notched a small first-quarter profit despite continued erosion in its core cable operations and a lack of new spending from advertisers at its NBCUniversal operations. The Philadelphia owner of NBC, USA and the Peacock streaming service said profit rose just 0.6% during the period, to $3.86 billion, or 97 cents a share, compared with $3.83 billion, or 91 cents a share in the year-
VarietyApr 23 2024
News
Lions' Goff parlays Jared sponsorship into $50,000 donation for Detroit non-profit
Detroit — Life is unquestionably good, both personally and professionally, for Detroit Lions quarterback Jared Goff. On the field, Goff is coming off a season where he led the Lions to their first division title in 30 years, and first playoff victories in 32. The city, which had been slow to embrace the quarterback when he first arrived via a trade in 2021, fully wrapped their arms around him
Detroit NewsApr 23 2024
News
US homebuilder NVR tops profit estimates as tight housing supply spurs sales
April 23 (Reuters) - U.S. homebuilder NVR Inc (NVR.N) beat Wall Street estimates for first-quarter profit as tight housing supply drove demand for new homes. With the popular 30-year fixed mortgage at around 7%, a majority of U.S. homeowners have deferred reselling their homes as they remain locked in mortgages below 5%. This has created a shortage of existing homes in the market, with new
ReutersApr 11 2024
News
ACT, Inc. to become for-profit, with investment firm collaboration
Iowa City firm will become ‘a type of for-profit company, under the ACT name and brand' IOWA CITY — ACT Inc. — long known for its standardized tests before more recently pursuing a broader mission of research, education and college and career readiness — this week announced a major collaboration with a large California investment firm, shifting the Iowa City-based ACT from a nonprofit to for-
Cedar Rapids GazetteApr 18 2024
News
Tight supply of homes propels builder D.R. Horton to big sales, profits
Arlington-based D.R. Horton, the country’s largest homebuilder, saw a 14% year-over-year increase in sales orders despite inflation and elevated mortgage rates. The company’s net sales orders for the second fiscal quarter ending March 31 were 26,456 homes, up from 23,142 over the same period last year. That’s also a 46% increase from the 18,069 net sales reported last quarter. Brian Yarbrough
The Dallas Morning NewsApr 09 2024
News
Britain's Tesco expects profit rise in 2024/25 year
A TESCO sign is seen at a store in Weybridge, Britain, July 6 2023. REUTERS/Peter Nicholls/File Photo Purchase Licensing Rights New Tab , opens new tab
LONDON, April 10 (Reuters) - Tesco (TSCO.L) , Britain's biggest retailer, forecast a further increase in profit in its new financial year as it reported an 11% rise for 2023/24 that reflected market share gains.
The Reuters Daily
ReutersApr 13 2024
News
The Hooper House, built on cotton profits, gets cleaned and pressed in Baltimore’s Old Goucher
An Old Goucher neighborhood landmark that survived a fire 19 months ago is now freshly renovated blending in a new restaurant, an outdoor garden patio and19 commercial spaces upstairs. And now it’s fully equipped with sprinklers, too. It’s a curious castle. There’s only one apartment in it. And it’s four flights up, no elevator. There’s a rooftop cupola, a vantage point to see the harbor and
Baltimore SunApr 15 2024
News
Goldman Sachs reports surprise profit surge thanks to strong trading, dealmaking
Goldman Sachs recorded a 28% surge in quarterly profits — topping Wall Street’s expectations thanks to surprising strength in the bank’s trading and investment banking operations. The Wall Street giant said Monday its first quarter earnings jumped to $4.13 billion. Revenue for the three months ended March 31 rose 16% to $14.21 billion, blowing past analysts’ estimates by more than $1 billion.
New York Post (News)Apr 24 2024
News
Meta Q1 Revenue Jumps 27% and Profit Doubles to $12.4 Billion, Stock Falls on Weak Outlook
Social-media powerhouse punched in huge sales growth for the first quarter of 2024, as Mark Zuckerberg’s “year of efficiency” job cuts last year paid off with net income more than doubling. The company, parent of Facebook, Instagram and WhatsApp, reported Q1 revenue of $36.46 billion, up 27%, and net income soared 117% to $12.37 billion (or $4.71 per share). The results topped Wall Street
Variety