) reported first quarter earnings before the bell on Thursday that missed expectations on both the top and bottom lines as free cash flow jumped amid aggressive cost cutting while the company's linear TV business continued to decline.
Free cash flow served as a bright spot in the quarter with the metric soaring to $390 million, beating Bloomberg consensus expectations of $239 million. The company reported negative free cash flow of nearly $1 billion in the year-earlier period. Despite profitability hurdles, Wall Street analysts have referenced several tailwinds heading into the second half of the year, which include WBD'sof the Disney+, Hulu and Max streaming services in the US starting this summer. Customers will be able to sign up for the package, with or without ads, on any of the three platforms."We continue to be in constructive negotiations with the NBA," he said. "It’s a great league. The TNT team does a terrific job. And we love the NBA.
Curaleaf CEO Matt Darin said it was "a historic moment" for the cannabis industry following reports that the DEA is seeking to reschedule marijuana. Here are some of the implications for the weed industry.These Canadian stocks could help TFSA investors generate solid tax-free capital gains and dividends. The post TFSA: 4 Canadian Stocks to Buy and Hold Forever appeared first on The Motley Fool Canada.
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