Tag Archives: Fall

Roku forecasts surprise loss for holiday quarter, shares fall
November 8, 2018 12:01 am|Comments (0)

(Reuters) – Roku Inc forecast a surprise holiday-quarter loss and missed third-quarter revenue estimates for its high margin video streaming platform, sending its shares down nearly 13 percent in after-market trading on Wednesday.

FILE PHOTO A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s IPO at the Nasdaq Market in New York, U.S., September 28, 2017. REUTERS/Brendan McDermid/File Photo

The outlook overshadowed third-quarter revenue, which beat analysts’ estimates, and a loss that was smaller than expected.

Revenue from Roku’s streaming platform is a closely watched metric and the company has pinned hopes on the segment, which generates profit margins well above 70 percent.

Roku reported revenue of $ 100.1 million from the streaming platform unit, missing estimates of $ 103.2 million, according to FactSet data.

DA Davidson analyst Tom Forte said the pullback in shares was also a reflection of expectations being “too high” for the company’s third-quarter results.

STRATEGY CHANGE

Roku’s streaming devices have been facing intense competition from the likes of Apple TV and Google Chromecast.

This led the company to tap other revenue sources, including licensing its technology to television makers and earning a share of the advertising revenue from media companies on its platform.

The company is investing more on content for its recently launched Roku channel and is expanding it to more geographies, Chief Executive Officer Anthony Wood told Reuters.

“We added several news providers in anticipation of the mid-term elections and it was one of our best news days ever.”

Net loss attributable to shareholders narrowed to $ 9.5 million, or 9 cents per share, in the third quarter ended Sept. 30, from $ 46.2 million, or $ 8.79 per share, a year earlier. (bit.ly/2qz97eX)

On an adjusted basis, the company lost 9 cents per share. Revenue rose 39 percent to $ 173.4 million.

Analysts on average had expected a loss of 12 cents per share on revenue of $ 169.1 million, according to IBES data from Refinitiv.

The company’s shares were down 12.6 percent at $ 51.41 after the bell.

Reporting by Munsif Vengattil in Bengaluru and Ken Li in New York; Editing by Maju Samuel and Shounak Dasgupta

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REI End of Season Sale (Fall 2018): Patagonia, CycleOps, Rumpl, Suunto, Dakine
October 13, 2018 12:00 pm|Comments (0)

At this time of the week, we usually like to scour the web for great prices on our favorite headphones or gaming consoles. But this is a special occasion: REI’s End of Season sale started yesterday, and will continue through Monday, October 15. This is your best chance to snag the outdoor gear you’ve been coveting all summer for unbelievable prices. We combed through thousands of deals to bring you some of our favorite picks.

Rumpl’s soft, eye-catching blankets are made out of technical ripstop nylon with a DWR finish. It will shed dirt and dog hair, repel moisture, and keep you warm on your next fireside outing. Buy the Rumpl Puffy Blanket for $ 72 (was $ 129).

  • Dakine Cassette Stomp Pad for $ 4 (was $ 8). According to the reviews, it might not last that long. But it will look amazing on the day that you stick it on.

  • Darn Tough Crew Socks for $ 7 (was $ 20). You knew these would show up here. Everyone always needs more indestructible socks. Unless your socks are already all Darn Tough socks, in which case you might be set. REI’s entire selection of socks is worth browsing; there are plenty of men’s versions on sale too.

  • Brooks Juno Bra for $ 24 (was $ 65). This is one of the best-selling sports bras from Brooks’ sister company, Moving Comfort, which is best known for bras that, er, strap it all down.

  • Patagonia Black Hole Gear Tote for $ 27 (was $ 49). Patagonia’s tote in the Black Hole line serves as a tough, durable catch-all for everything from wet hiking boots, dirty gym clothes, or laundry. It stuffs down into its own pocket when not in use.

  • REI Co-op Midweight Base Layer for $ 29 (was $ 80). The end-of-season sale is a great time to stock up on a lot of essentials that would otherwise be extremely pricey, like merino wool base layers. REI’s in-house line offers a lot of value for the money, but if you prefer other brands, they also have a lot of Smartwool and Icebreaker on sale too.

  • Patagonia Baggies for $ 30 (was $ 55). Depending on where you live, you probably won’t need these for a while. But these are the some awesome outdoor shorts. They’re also made from recycled materials and come in a variety of fun prints.

  • Chacos Classic Z/1 Sandals for $ 45 (was $ 105). You won’t be able to use these for awhile either. But now is a good time to stock up, if you don’t currently have a pair of Colorado’s or Oregon’s official summer state shoe.

  • Nathan Speed 2L Hydration Vest for $ 31 (was $ 85). Are you running in the Los Angeles, Eugene, or, God help us, the Boston Marathon this spring? You’ve probably been looking for a hydration vest, which sits close to your body, has breathable mesh panels, and won’t bounce like a bladder backpack would.

  • Manduka Prolite Yoga Mat for $ 37 (was $ 82). Manduka’s high-density, closed-cell yoga mats are very popular, and usually very heavy. This one is light enough to tote to and from class.

  • Vuori Movement Hoodie for $ 44 (was $ 118). REI carries a lesser-known outdoor brands, like Bridge & Burn, United by Blue, and Topo Designs. Vuori’s soft, moisture-wicking hoodies have a cult following and very rarely (if ever?) go on sale.

  • Ruffwear Cloud Chaser Jacket for $ 48 (was $ 80). Ruffwear’s doggy jacket is waterproof, windproof, and even has reflective trim. If you’re going to be decked out to protect yourself from the elements, maybe your pup should be too.

  • Patagonia Nano-Air Jacket for $ 74 (was $ 199). All of Patagonia’s vaunted midweight jackets (Nano Air, Nano Puff, Micro Puff?) will quickly become the layer that you never take off.

  • REI Co-op Camp Bundle for $ 134 (was $ 239). Have you put off camping because all the gear seemed incomprehensibly expensive? This is an amazing value for a three-season tent, air-foam sleeping pad, and 30-degree sleeping bag. Now all you need is a cookstove, a headlamp, a backpack…

  • Suunto Ambit3 Vertical GPS Watch for $ 246 (was $ 469). Suunto’s GPS watches are good-looking, lightweight, and offer incredible capabilities for the price. The Ambit3 Vertical tracks vertical gain (no doy!) for ultrarunners, trail runners, and hikers.

  • Lib Tech Attack Banana 2017/2018 for $ 310 (was $ 589). If you’re an all-mountain rider who is more likely to carve around in powder or pop into the park, rather than bomb down as fast as possible, Lib Tech’s poppy Banana boards are a great choice.

  • Coalition Snow Bliss Skis for $ 359 (was $ 599). Do you need another reason to get excited about ski season starting up? Coalition Snow is just one of many great snow brands that are on sale right now.

  • CycleOps Magnus Bike Trainer for $ 412 (was $ 600). ‘Tis the season, for bringing your bike indoors and pedaling while watching The Great British Baking Show, instead of biking outside.

  • Surftech Universal 10’6” Stand Up Paddleboard for $ 668 (was $ 1049). ‘Tis also the season for buying paddleboards on clearance and fantasizing about going out on lakes and rivers again.

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    Foxconn posts fall in second-quarter net profit, lagging estimates
    August 13, 2018 12:00 pm|Comments (0)

    TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s top contract electronics maker and a key Apple supplier unexpectedly posted a fall of about 40 percent in quarterly net profit on Monday.

    FILE PHOTO: A shovel and FoxConn logo are seen before the arrival of U.S. President Donald Trump as he participates in the Foxconn Technology Group groundbreaking ceremony for its LCD manufacturing campus, in Mount Pleasant, Wisconsin, U.S., June 28, 2018. REUTERS/Darren Hauck/File Photo

    Net profit for the three months to the end of June was T$ 17.49 billion ($ 567.42 million), the company, which is formally known as Hon Hai Precision Industry Co, said on Monday.

    That compares with T$ 17.9 billion in the year ago period and was below a mean estimate of T$ 21.936 billion from 9 analysts polled by Thomson Reuters I/B/E/S.

    Last month, Apple reported better-than-expected earnings, helped by sales of its pricey iPhone X. The world’s most valuable technology firm also forecast strong revenue for the autumn, when it typically launches new iPhone models.

    Reporting by Meg Shen in Hong Kong; Writing by Jess Macy Yu; Editing by Himani Sarkar and Kirsten Donovan

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    The Mathematician Who Will Make You Fall in Love With Numbers
    February 5, 2017 1:20 pm|Comments (0)

    The Mathematician Who Will Make You Fall in Love With Numbers

    The ancient Greeks argued that the best life was filled with beauty, truth, justice, play, and love. The mathematician Francis Su knows just where to find them. The post The Mathematician Who Will Make You Fall in Love With Numbers appeared first on WIRED.
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