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Enterprise Products Misses Profit Estimates as Costs Surge

2021-02-03 15:15:56| OGI

Resurgence of COVID-19 crimped economy and demand in the fourth quarter.

Tags: products costs profit enterprise

ING to Cut Jobs, Close Offices as Profit Misses Estimates

2020-11-05 20:09:00| National Real Estate Investor

The Dutch lender plans to cut 1,000 jobs and close all of its offices in South America and some in Asia.

Tags: close jobs cut ing

Netflix adds record 10 mln new customers in Q2, misses profit guidance

2020-07-17 09:17:00| Telecompaper Headlines

(Telecompaper) The company added 10.1 million new subscribers in the second quarter, a sharp rise from the year before's 2.7 million, boosted by people staying at home due to lockdown measures amid the coronavirus pandemic. The increase brings the number of additions for the first half to 26 million from 12 million year-on-year, a leap the company says will likely start slowing down in the second half of the year as people get through the initial shock of covid-19 and accompanying social restrictions. Net adds for the third quarter are seen at 2.5 million, against 6.8 million the year before, as the earlier sharp rise pulls forward some demand.

Tags: record customers profit guidance

Juniper Networks misses Q1 guidance, sees better Q2 after orders up 10%

2020-04-29 09:34:00| Telecompaper Headlines

(Telecompaper) Juniper Networks reported first-quarter revenues of USD 998 million, unchanged year-on-year and down 17 percent from the fourth quarter. Sales came in below expectations due to disruptions to production from the Covid-19 crisis, the company said. Orders remained strong, up 10 percent year-on-year, leading to a forecast for sequential revenue growth in Q2.

Tags: up orders networks guidance