W. R. Berkley Corporation Q1 adjusted earnings Beat Estimates
Below are the earnings highlights for W. R. Berkley Corporation (WRB):
-Earnings: $229.53 million in Q1 vs. -$4.42 million in the same period last year.
-EPS: $1.23 in Q1 vs. -$0.02 in the same period last year.
-Excluding items, W. R. Berkley Corporation reported adjusted earnings of $201.78 million or $1.08 per share for the period.
-Analysts projected $0.81 per share
-Revenue: $2.16 billion in Q1 vs. $1.81 billion in the same period last year.
Netflix Earnings: Is It Time to Take Profits?
Netflix Inc. (NASDAQ: NFLX) reported its most recent quarterly results after the closing bell Tuesday. The firm said that it had $3.75 in earnings per share (EPS) and $7.16 billion in revenue, compared with consensus estimates that called for $2.97 in EPS and $7.13 billion in revenue. In the first quarter of last year, Netflix reported $1.57 in EPS and $5.77 billion in revenue.
In the first quarter, revenue grew 24.2% year over year, while quarterly operating income came in at $1.96 billion. Average streaming paid memberships in this quarter rose 14% while streaming average revenue per user increased 6%.
During the quarter, global net subscription additions totaled 3.98 million. Note that Netflix now has a total of 207.64 million total memberships worldwide.
Looking ahead to the second quarter, the company is calling for $3.16 in EPS on $7.30 billion in revenue. At the same time, the company is expecting to see net subscriber adds of 1.00 million. There are consensus estimates calling for $2.68 in EPS on $7.39 billion in revenue.
On the books, Netflix finished the quarter with cash and cash equivalents of $10.11 billion, compared with $9.76 billion at the end of the 2021 full year.
Shares of Netflix closed at $549.57 on Tuesday, in a 52-week range of $393.60 to $593.29. The stock has a consensus price target of $622.74. Following the announcement, the stock was initially down 10% at $495.36 in the after-hours trading session.
House Democrats squelch a Republican effort to censure Maxine Waters for saying protesters should get more ‘confrontational.’
By Catie Edmondson
Crowds cheer and chant George Floyd's name as Derek Chauvin found guilty
Transport, housing drives NZ prices up by 0.8 pct in March quarter
Higher prices for transport and housing drove the consumer price index up by 0.8 per cent in the March quarter, Stats NZ said.
The annual increase was 1.5 per cent.
The quarterly gain was in line with market expectations. It compared with a 0.5 per cent increse in the December quarter.
The Reserve Bank had forecast a 1.0 per cent quarterly rise.
The bank targets annual inflation to be within a 1 to 3 per cent range, with a 2 per cent mid-point.
– More to come
CNBC TechCheck to host film and TV leaders for Oscars preview
- CNBC’s Julia Boorstin and Deirdre Bosa will interview leaders across the entertainment industry'smovie, TV and streaming businesses ahead of the Academy Awards on Sunday.
Senior Media & Entertainment Reporter Julia Boorstin interviews leaders across the movie, TV and streaming businesses to talk about the future of content creation and distribution in an ever-shifting entertainment landscape.
Ahead of the Academy Awards on Sunday, she and TechCheck anchor Deirdre Bosa talk to guests about a defining moment in Hollywood in 2021, with a look at how prominent tech trends are driving the future of entertainment.
Here's who you'll hear from:
- Franklin Leonard – CEO of The Black List
- Kevin Mayer – DAZN Chairman
- Tim League – Alamo Drafthouse Cinema Founder
- Andy Forssell – HBO Max EVP & GM
- Liz Jenkins – Hello Sunshine COO
Sports world reacts to Derek Chauvin verdict: Guilty on all counts in the murder of George Floyd
The high-profile case of Derek Chauvin has come to an end after three weeks of trial.
The jury found Chauvin, a former Minneapolis police officer, guilty of second-degree murder, third-degree murder and second-degree manslaughter in the murder of George Floyd on May 25, 2020.
Floyd, a 46-year-old Black man, was seen on video being pinned to the ground by police, gasping for his life underneath the knee of Chauvin for more than nine minutes.
As Floyd pleaded that he could not breathe, the world watched in anguish.
Nearly a year h after the fatal event and tragic aftermath that ignited protests for social justice and appeals for reform, the world continues to react.
GEORGE FLOYD: Sports world came together in united front as we held our breath for Derek Chauvin verdict
From the major sports leagues to individual athletes, here is what the world of sports is saying after the verdict was reached:
Manchester United and Tottenham complete sweep of all English clubs quitting Super League – The Denver Post
LONDON — Manchester United and Tottenham complete sweep of all English clubs quitting Super League.