Alphabet Earnings: Google Parent Profits Drop 8%

Google’s parent company Alphabetreported an 8 percent drop in quarterly profit on Tuesday. The company’s core digital advertising business remained strong, but the value of its investments fell from a year ago, dragging Alphabet’s overall profitability down. The company posted a net profit of $16.44 billion for the first quarter, compared to a profit of …

Uber Says It’s Back From The Pandemic In Its Earnings Report

Uber said on Wednesday that rising revenue and returning passengers send a strong signal that its business is returning after the slowdown caused by the pandemic in the last three months of 2021. The quarter also provided another indicator of how Uber’s wealth has risen and fallen through investments in other companies. Uber’s revenue rose …

Uber Says It’s Back From The Pandemic In Its Earnings Report

Uber said on Wednesday that rising revenue and returning passengers send a strong signal that its business is returning after the slowdown caused by the pandemic in the last three months of 2021. The quarter also provided another indicator of how Uber’s wealth has risen and fallen through investments in other companies. Uber’s revenue rose …

In Earnings Report, Uber Says It’s Back from the Pandemic

Uber said on Wednesday that rising revenue and returning passengers send a strong signal that its business is returning after the slowdown caused by the pandemic in the last three months of 2021. The quarter also provided another indicator of how Uber’s wealth has risen and fallen through investments in other companies. Uber’s revenue rose …

WeWork shows more in its first earnings report as a publicly traded company.

WeWork reported its first quarterly results as a publicly traded company on Monday, revealing that its collaborative business still suffered huge losses and continued to bleed cash. But WeWork cited an increase in client rental activity in the quarter as proof that it is positioned to perform well in emerging office space markets by the …

S&P 500 Gets Biggest Monthly Earnings of 2021 in October

Stocks on Wall Street rose Friday, adding a small gain to the S&P 500’s best month this year after strong earnings reports for October helped calm investors’ nerves. For the month, the S&P 500 gained 6.9 percent — its best performance since November when stocks rose more than 10 percent following the US presidential election …

McDonald’s Beats Kraft Heinz and Coca-Cola Earnings Expectations

Consumers helped three of the largest global food and beverage companies increase their profits in the third quarter, ignoring price increases. The Coca-Cola Company, McDonald’s and Kraft Heinz reported better-than-expected quarterly earnings on Wednesday, despite ongoing challenges with the global supply chain and pandemic restrictions in many parts of the world. The enormous scale of …

Dreamliner delays drag down Boeing’s quarterly earnings.

Boeing said Wednesday that delays in the construction and delivery of its troubled 787 Dreamliner jet will cost the company nearly $1 billion and weigh on the company even if it benefits from a broad travel boom. The company provided the forecast as part of its third-quarter earnings report, showing Boeing’s loss of $132 million, …

Netflix Earnings: Q3 2021 – The New York Times

As a long-awaited Dave Chappelle special, there have been two Netflix stories over the past few weeks. drew strong condemnation acclaimed by staff and critics alike, and South Korea’s sleeper hit “Squid Game” became a global sensation, making it the broadcaster’s most-watched series to date. (Both detail a grim view of the world.) Both didn’t …

Bank of America, Wells Fargo and Other Banks Report Strong Earnings

Four of the nation’s largest banks posted quarterly earnings that beat expectations on Thursday, continuing a strong earnings season for the financial sector. Solid reports from four banks (Bank of America, Wells Fargo, Morgan Stanley and Citigroup) highlighted their optimism about the economic recovery from the pandemic, even amid risks from the Delta variant of …

Stocks rise with earnings reports and economic data.

Stocks on Wall Street rose on Thursday, supported by positive economic data and some stronger-than-expected earnings reports. The S&P 500 was up 1 percent in early trading, while the Nasdaq composite was up 1.1 percent. The Department of Labor reported that initial claims for state unemployment benefits fell to 293,000 last week, down 36,000 from …