AMC Reports Second-Quarter Revenue, Profit Drop Amid Strike-Related Movie Delays
Business

AMC Reports Second-Quarter Revenue, Profit Drop Amid Strike-Related Movie Delays

More news - Latest news NEW YORK — AMC Entertainment on Wednesday warned investors of significant declines in key second-quarter financial metrics that led to a more than 7% drop in its stock price. The company attributed the decline to the actors' and screenwriters' strikes of the previous year, which led to fewer film releases and the resulting "weakness" in the quarter ended June 30. Preliminary results show AMC’s revenue fell more than 23% to $1.03 billion. The company also expects to report a net loss of $32.8 million, a stark contrast to the $8.6 million profit it reported in the second quarter of 2023. Full financial results are due on August 2. “As we anticipated and previously communicated, the prolonged actor and writer strikes of 2023 have significantly reduced the number ...
Alphabet Hits Revenue Goals But Fails to Match YouTube Ad Revenue
News

Alphabet Hits Revenue Goals But Fails to Match YouTube Ad Revenue

Related media - Latest news Google parent company Alphabet reported its second-quarter results after the market closed on Tuesday, meeting analysts’ expectations for revenue and profit but falling short on YouTube advertising revenue. Following the announcement, Alphabet shares rose about 1% in after-hours trading. Here's how the company performed against analyst estimates reviewed by LSEG: Earnings: $1.89 per share vs. $1.84 per share expectedRevenue: $84.74 billion vs. $84.19 billion expectedAdditional key figures tracked by Wall Street: YouTube Ad Revenue: $8.66 Billion vs. $8.93 Billion, According to StreetAccountGoogle Cloud Revenue: $10.35 Billion vs. $10.20 Billion, According to StreetAccountTraffic Acquisition Cost (TAC): $13.39 billion vs. $13.54 billion according to StreetA...
Top Stock Moves in After-Hours Trading: Cleveland-Cliffs, Nucor, NXP Semiconductors and More
Business

Top Stock Moves in After-Hours Trading: Cleveland-Cliffs, Nucor, NXP Semiconductors and More

More news - Latest news Several stocks have seen significant price movements after the market close. Below is a summary of the most significant movers in after-hours trading. Cleveland Cliffs (CLF) Cleveland-Cliffs saw a substantial increase in its stock price after reporting better-than-expected quarterly earnings. The company's strong performance was driven by higher steel prices and increased demand from the auto sector. Investors reacted positively to the news, sending the stock up more than 5%. Nucor (NUE) Nucor shares also rose in extended trading, buoyed by a solid earnings report that highlighted strong demand in its core markets. The steelmaker’s results beat Wall Street estimates, leading to a 4% jump in its stock price. The company cited increased infrastructure spending an...
The five-year impact of the new free kick rule in football
Sports

The five-year impact of the new free kick rule in football

More news - News 24 hours In the fall of 2017, free kicks began to be considered a real offensive tool. After his purchase from Benfica, it quickly became clear that Manchester City goalkeeper Ederson possessed a left leg more akin to a catapult than a human limb, capable of launching the ball 80 metres over the opposition defence to create a goal-scoring opportunity. Teams were baffled by this tactic, as they had never seen it before. City's entire attacking trio positioned themselves 20 metres beyond the opposition's goal line, confident that they could not be offside from a goal kick. @SamLee (@SamLee)"This set-up of City's free kick is brilliant. The players are spread out all over the pitch; the opposition have no idea whether the pass will be short, into the big hole i...
Caeleb Dressel’s Journey to Rediscovering His Passion for Swimming
Sports

Caeleb Dressel’s Journey to Rediscovering His Passion for Swimming

Related media - Breaking news Caeleb Dressel's extraordinary performance, winning seven gold medals, may paint the image of a champion without problems, but the reality of his swimming journey tells a different story. Despite his unparalleled success, Dressel has had to contend with the intense pressures of the sport. Widely regarded as one of the world’s best swimmers, Dressel holds the world record in the men’s 100-meter butterfly, a title he took from Michael Phelps in 2019 and then bettered at the Tokyo Olympics, where he won five gold medals. But even those accomplishments have failed to shield him from disappointment. Dressel was consumed by perceived failures, whether it was a turn, the finish line, or the lead. Winning gold and helping Team USA dominate the medal cou...
From Underdog to Superstar: Scheffler Faces Unexpected Fame
Sports

From Underdog to Superstar: Scheffler Faces Unexpected Fame

More news - News 24 hours Scottie Scheffler’s rise to the pinnacle of golf has been nothing short of meteoric. Once considered a talented but unremarkable player, the American has become a global sensation in 2024. This newfound fame, however, presents a unique challenge for a man who previously held his privacy in high regard. Scheffler’s journey began with a dominant win at the Masters in 2022, cementing his place as a world-class golfer. However, his celebrity status remained relatively understated. Fast forward to 2024, and a series of events catapulted him into the spotlight. A series of major victories, including a second Masters victory, cemented his dominance. But it was a bizarre arrest in Louisville that truly propelled him into the pop culture stratosphere. Fans r...