Thomson Reuters Announces Stock Buy Back, TiVo Loss Narrows

Mukesh Buch
11 May, 2018
New York City

Jagged Peak Energy net loss narrowed on strong revenues. Thomson Reuters announced new $500 million share buyback program. TiVo Corp net loss narrowed.

[R]12:10 PM New York City, New York – Jagged Peak Energy net loss narrowed on strong revenues. Thomson Reuters announced new $500 million share buyback program. TiVo Corp net loss narrowed.[/R]

Tollbooth Index jumped 100.02 or 0.7% to 15,352.50 but for the year-to-date jumped 11.5%.

Earnings Review

Jagged Peak Energy Inc ((JAG)) declined 4.6% or 65 cents to $13.51 after the natural gas reserves provider said total revenues in the first-quarter ending in March surged 228% from a year ago to $129.1 million.

Net loss in the quarter narrowed to $39.4 million or 18 cents per diluted share from $465.9 million or 42 cents in the same quarter last year.

The natural gas reserves provider said capital expenditures for drilling and completion activities in the quarter were $207.6 million and forecasted second quarter 2018 total production to average 31,000 to 32,000 barrel oil equivalent, representing an increase of 14% at the mid-point over first-quarter 2018 production.

Omeros Corporation ((OMER)) soared 20.7% or $3.34 to $19.47 after the therapeutic drug maker stated revenues in the first-quarter ending in March tumbled 87% from a year ago to $1.6 million.

Net loss in the quarter widened to $30.1 million or 62 cents per diluted share from $15.1 million or 34 cents in the same quarter last year.

Omeros said it is committed to discovering, developing and commercializing small-molecule and protein therapeutics for large-market.

Thomson Reuters ((TRI)) declined 5% o $1.96 to $37.23 after the financial news and information services provider reported revenues in the first-quarter ending in March advanced 4% from a year ago to $1.4 billion.

Net in the quarter swung to a loss of $339 million or 48 cents per diluted share from profit of $297 million or 41 cents in the same quarter last year.

Thomson Reuters forecasted fiscal 2018 revenue growth in low single-digit and total corporate costs between $500 million and $600 million and interest expense of about $165 million for the first-half of the year.

TiVo Corporation ((TIVO)) tumbled 8.9% or $1.25 to $12.80 after the digital entertainment and cloud services provider stated total revenues in the first-quarter ending in March plunged 7.7% from a year ago to $189.8 million.

Net loss in the quarter narrowed to $17.7 million or 15 cents per diluted share from $34.7 million or 29 cents in the same quarter last year.

WideOpenWest Inc ((WOW)) surged 24.9% or $1.68 to $8.43 after the cable operator and broadband service, provider said revenues in the first-quarter ending in March slumped 4.8% from a year ago to $285.5 million.

Net in the quarter swung to loss of $202.7 million or $2.40 per diluted share from profit of $72.4 million or $1.09 in the same quarter last year.

The cable operator said total subscriber net additions in the quarter were about 7,000.