The Walt Disney Co Q4 sales increase

The Walt Disney Co (DIS) reported a profit for fourth quarter of $162 million

The company’s earnings totaled $162 million, or $0.09 per share. This compares with $159 million, or $0.09 per share, in last year’s fourth quarter.

Excluding items, The Walt Disney Co reported adjusted earnings of $0.30 per share for the period.

The company’s revenue for the quarter rose 8.7% to $20.15 billion from $18.53 billion last year.

The Walt Disney Co earnings at a glance (GAAP) :

-Earnings (Q4): $162 Mln. vs. $159 Mln. last year.
-EPS (Q4): $0.09 vs. $0.09 last year.
-Revenue (Q4): $20.15 Bln vs. $18.53 Bln last year.

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Spark Networks Q3 Loss Widens

Spark Networks SE (LOV) Tuesday reported its third-quarter results, with net loss widening from a year ago, as revenues slipped.

Net loss was $10.7 million, wider than last year’s loss of $2.7 million. This quarter’s loss included an $11.8 million non-cash impairment charge to the Zoosk trade name.

Revenues for the quarter dropped to $48.2 million from $53.3 million last year.

Adjusted EBITDA increased 66% to $8.3 million, compared to Adjusted EBITDA of $5.0 million.

CEO Eric Eichmann commented, “We saw initial subscriber growth of 5.1% year over year and average subscriber growth of 3.4% for our largest brand Zoosk in the third quarter. Zoosk product improvements on user profiles, payment flows and trust and safety led to double-digit increases in conversion rates, higher customer satisfaction and stronger app store ratings. We are excited to see our hard work paying off with a second consecutive quarter of Zoosk subscriber growth since we acquired it three years ago.”

Looking forward, the company said it expects total revenue for the year to be down low double-digits on a percentage basis as compared to 2021.

The drop in revenues “we attribute mainly to the negative impact of foreign exchange rates on our revenue,” said CFO David Clark.

MannKind Corp. Q3 Loss increases, but beats estimates

MannKind Corp. (MNKD) revealed Loss for its third quarter that increased from the same period last year but beat the Street estimates.

The company’s earnings came in at -$14.43 million, or -$0.06 per share. This compares with -$4.43 million, or -$0.02 per share, in last year’s third quarter.

Analysts on average had expected the company to earn -$0.09 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 47.8% to $32.83 million from $22.21 million last year.

MannKind Corp. earnings at a glance (GAAP) :

-Earnings (Q3): -$14.43 Mln. vs. -$4.43 Mln. last year.
-EPS (Q3): -$0.06 vs. -$0.02 last year.
-Analyst Estimate: -$0.09
-Revenue (Q3): $32.83 Mln vs. $22.21 Mln last year.

European Economics Preview: Eurozone Retail Sales Data Due

Retail sales data from the euro area is due on Tuesday, headlining a light day for the European economic news.

At 2.45 am ET, current account and foreign trade figures are due from France. The trade deficit is seen at EUR 14.3 billion in September versus -EUR 15.3 billion in August.

At 3.00 am ET, the Czech Statistical Office is scheduled to publish retail sales data for September. Sales had declined 0.7 percent on month in August.

In the meantime, industrial production and retail sales reports are due from Hungary. Economists forecast industrial output to grow 9.0 percent year-on-year in September, following a 14.4 percent rise in August.

At 4.00 am ET, Italy’s Istat releases retail sales data for September. Sales had dropped 0.4 percent on a monthly basis in August.

At 5.00 am ET, Eurostat publishes euro area retail sales figures for September. Economists expect sales to climb 0.4 percent on month, in contrast to a 0.3 percent decrease in August.

Ambac Financial Group Inc. Q3 Profit Increases, beats estimates

Ambac Financial Group Inc. (AMBC) revealed earnings for its third quarter that increased from the same period last year and beat the Street estimates.

The company’s earnings came in at $340.0 million, or $7.41 per share. This compares with $16.9 million, or $0.35 per share, in last year’s third quarter.

Excluding items, Ambac Financial Group Inc. reported adjusted earnings of $338.1 million or $7.37 per share for the period.

Analysts on average had expected the company to earn -$0.72 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 57.1% to $80.1 million from $51.0 million last year.

Ambac Financial Group Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $340.0 Mln. vs. $16.9 Mln. last year.
-EPS (Q3): $7.41 vs. $0.35 last year.
-Analyst Estimate: -$0.72
-Revenue (Q3): $80.1 Mln vs. $51.0 Mln last year.

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ProAssurance Turns To Loss In Q3

ProAssurance Corp. (PRA) turned to loss in the third quarter. Total revenues also fell 8 percent and came in below the Street view.

The company posted net loss of $9.1 million, or $0.17 per diluted share in the third quarter, compared to net income of $12.2 million or $0.23 per share in the same period last year.

Net investment income climbed 28 percent to $24.7 million from $19.3 million a year ago. Total revenues declined 8 percent to $273 million from $309.7 million last year.

On average, 5 analysts polled by Thomson Reuters expected the company to post earnings of $0.2 per share on revenues of $307.4 million a year ago.

Net premiums earned also fell to $258.4 million from $272.2 million in the same quarter last year.