Netflix shares fell more than 8% in after-hours trading , as a disappointing second-quarter outlook and leadership changes outweighed otherwise solid first-quarter results. Weak Guidance Sparks Sell-Off Netflix forecast Q2 earnings of US$0.78 per share , below analyst expectations of US$0.84 , while revenue is projected at US$12.57 billion , missing the US$12.64 billion consensus . The weaker guidance raised concerns over near-term growth momentum , triggering a sharp negative market reaction. Strong Q1 Performance Fails to Impress For the first quarter: Revenue rose 16% YoY to US$12.25 billion (above estimates) Earnings surged 86% to US$1.23 per share However, earnings were boosted by a US$2.8 billion one-off termination fee , reducing the quality of underlying growth. Operating margin improved to 32.3% , but still came in below expectations (32.4%) , further dampening sentiment. Rising Costs and Strategic Sh...
Source: The Malaysian Insider
KULA LUMPUR (Jan 4): Mara Digital will open new Bumiputera-only ICT stores in Damansara and Shah Alam by June, Rural and Regional Development Minister Datuk Seri Ismail Sabri Yaakob says today.
“I don’t think we need to wait any further because we are confident that Mara Digital can be part of the healthy competition.
“By offering quality products, good service and good prices, I believe opening more stores in other places will not be a problem,” the minister told reporters after a visit to Mara Digital in Kuala Lumpur today.
He said the new digital store in Damansara was expected to open in March or April but did not give the location.
Mara Digital was opened last month at the headquarters of the federal agency tasked with empowering the economic and social development of rural areas.
It came about following fighting at popular digital mall Low Yat Plaza in Bukit Bintang last July, where a handphone theft sparked racially charged brawls.
When asked about need for another ICT mall in Shah Alam and competition faced by Anggerik Mall which near Plaza Alam Sentral, Ismail said it did not matter as long as consumers would benefit from the competition.
“I think more competition is good for the consumers. As a minister in charge of consumer affairs before, the more competition, the better for the end users.
“With competition, traders will compete to give their best services.
“Traders will compete to provide the lowest price, compete to provide the best quality products for end users.”
Ismail also slammed certain parties for linking the lower prices offered by Mara Digital traders to counterfeit goods.
He said a majority of the traders obtained their goods from WGN Scan Sdn Bhd that would ensure the authenticity of the products.
He also said the Domestic Trade, Cooperatives and Consumerism Ministry has also set up a complaint centre at Mara Digital outlets to deal with such complaints.
“I have said the tagline here is ‘authentic and genuine’ so we must stick to that. We cannot have counterfeit goods here.
“The complaint centre will work with the ministry to monitor the sale of counterfeit goods.
“It is not that to attract customers and sell at cheap prices we must resort to selling fake goods.” he said.
KULA LUMPUR (Jan 4): Mara Digital will open new Bumiputera-only ICT stores in Damansara and Shah Alam by June, Rural and Regional Development Minister Datuk Seri Ismail Sabri Yaakob says today.
“I don’t think we need to wait any further because we are confident that Mara Digital can be part of the healthy competition.
“By offering quality products, good service and good prices, I believe opening more stores in other places will not be a problem,” the minister told reporters after a visit to Mara Digital in Kuala Lumpur today.
He said the new digital store in Damansara was expected to open in March or April but did not give the location.
Mara Digital was opened last month at the headquarters of the federal agency tasked with empowering the economic and social development of rural areas.
It came about following fighting at popular digital mall Low Yat Plaza in Bukit Bintang last July, where a handphone theft sparked racially charged brawls.
When asked about need for another ICT mall in Shah Alam and competition faced by Anggerik Mall which near Plaza Alam Sentral, Ismail said it did not matter as long as consumers would benefit from the competition.
“I think more competition is good for the consumers. As a minister in charge of consumer affairs before, the more competition, the better for the end users.
“With competition, traders will compete to give their best services.
“Traders will compete to provide the lowest price, compete to provide the best quality products for end users.”
Ismail also slammed certain parties for linking the lower prices offered by Mara Digital traders to counterfeit goods.
He said a majority of the traders obtained their goods from WGN Scan Sdn Bhd that would ensure the authenticity of the products.
He also said the Domestic Trade, Cooperatives and Consumerism Ministry has also set up a complaint centre at Mara Digital outlets to deal with such complaints.
“I have said the tagline here is ‘authentic and genuine’ so we must stick to that. We cannot have counterfeit goods here.
“The complaint centre will work with the ministry to monitor the sale of counterfeit goods.
“It is not that to attract customers and sell at cheap prices we must resort to selling fake goods.” he said.
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