earnings reports

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The US Has a Shortage of Accountants

With gaps in the industry, dozens of companies say they can't file annual reports in time

(Newser) - Companies like Tupperware and Mattel can relate to anyone sweating April's pending tax deadlines. A shortage of accountants has caused 70 companies to delay releasing key annual reports this year, Business Insider reports, an astounding 40% increase over 2023. The Securities and Exchange Commission can issue penalties over such...

Lyft Shares Surge Over an 'Uber-Typo'

Earnings report included an extra 0 on a key profitability metric

(Newser) - Shares of Lyft jumped as much as 66% in after-hours trading Tuesday thanks to a typo. The ride-sharing company's fourth-quarter earnings report had shown a closely-watched profit margin was expected to expand by 500 basis points, or 5%, this year. Lyft later announced this was "a clerical error,...

This Is Going to Be a Big Week for Markets

Earnings season, already off to a hot start, continues, and the Fed meets

(Newser) - Wall Street is in the midst of earnings season, and the results so far have been unprecedented. Roughly a quarter of S&P 500 companies have reported second-quarter results, and 88% have come in better than expected, reports Axios . If that trend holds up, it would be the highest percentage...

McDonald's, 3M Slump After Weak Earnings Report
Markets Slump After
Weak Earnings Reports
MARKETS
Jul 28, 2020 3:48 PM CDT

Markets Slump After Weak Earnings Reports

McDonald's, 3M reported disappointing results

(Newser) - A late slump left stocks broadly lower on Wall Street Tuesday, while cautious investors continued to push money into gold and Treasurys, leaving gold at another record high. Weak earnings from several big US companies also dampened the mood. The S&P 500 gave up 0.6% after falling steadily...

Coke Has Awful Quarter, but There's an Upside

Company thinks worst of the pandemic-related losses are over

(Newser) - Coca-Cola just saw its quarterly revenue drop by the largest amount in at least three decades, reports CNBC . In normal times, a 28% plunge to $7.2 billion would be catastrophic. In pandemic times, the overall earnings report from the company is seen as "upbeat," per MarketWatch . Shares...

Shares Plunge After LaCroix CEO Issues Weird Report

Nick Caporella likens his job to managing a 'handicapped' person

(Newser) - In another setback, the maker of LaCroix sparkling water saw shares plummet after releasing a bleak earnings report Thursday—but the CEO's odd language is getting as much attention, CNBC reports. "We are truly sorry for these results stated above," National Beverage CEO Nick Caporella writes in...

Trump Just Proposed a Huge Change for Corporate America

He asks the SEC to do away with quarterly earnings reports, move to twice a year

(Newser) - Amid another busy morning on Twitter, President Trump proposed what would be a historic shift for corporate America. He asked the SEC to do away with the requirement that publicly traded businesses file quarterly earnings reports, per the Wall Street Journal . Instead, Trump floated the idea of twice-yearly reports. "...

Tesla Stock Dives After Bizarre Earnings Call

Musk cut off analysts after 'boring' questions

(Newser) - Tesla's share price took a major hit Wednesday after CEO Elon Musk decided he didn't want to spend a conference call on the company's earning report dealing with a lot of dull questions from analysts. Musk interrupted a back-and-forth between a Bernstein analyst and Tesla Chief Financial...

Netflix's Growth Comes at a Cost
Netflix's Growth
Comes at a Cost
Oct 17, 2017 11:50 AM CDT

Netflix's Growth Comes at a Cost

Company has gained $5.1B in debt in one year

(Newser) - Netflix is sinking deeper into debt in its relentless pursuit of more viewers, leaving the company little margin for error as it tries to build the world's biggest video subscription service, reports the AP . Netflix's long-term debt and other obligations totaled $21.9 billion as of Sept. 30,...

To Understand Toshiba's $6B Nuclear Loss, Go South

Bloomberg looks at what's behind company's financial woes

(Newser) - The chairman of Japanese electronics and energy giant Toshiba resigned Tuesday after the company logged such massive losses—a projected $6.3 billion—in its nuclear business that it must sell its lucrative computer-chip business to avoid going belly-up. Well, maybe $6.3 billion. Reuters reports that a day of...

Half of Couples Don't Know This About Their Partners

They say they communicate, but a new survey by Fidelity suggests otherwise

(Newser) - For richer, for poorer, for who knows? Nearly half (43%) of couples in serious relationships don't know what their partners earn. And of those, 10% are off by at least $25,000. So finds the latest biannual online survey by Fidelity , which polled 1,051 couples who are at...

Tweet Sends Twitter Stock Into Tailspin

Financial website sends out lousy earnings results early

(Newser) - How ironic: Twitter's stock plunged 18% today because of a tweet. The company was supposed to announce earnings after the close of the market, but the website Selerity tweeted them beforehand, reports the Wall Street Journal . It was bad news: First-quarter revenue was $436 million, about $20 million below...

Radioshack Bleeding, Will Close 1 in 5 Stores

Company announces dismal holiday sales numbers

(Newser) - Radioshack released an absolutely grisly quarterly report today, and on its heels came plans to close as many as 1,100 stores—or about 20% of its total, the Wall Street Journal reports. The company said it had lost $191.4 million over the holiday quarter, a huge jump from...

Target Hack's Price: 46% Drop in Profit

Q4 sales dropped due to scared customers

(Newser) - Target's massive data breach wasn't just a PR disaster for the company, it was a financial one, too. Target announced its earnings today, and blamed the breach for knocking its Q4 profit down 46%. It also said that its sales fell 5.3%, as the breach scared off...

Twitter Stock Tanks After First Earnings Report

Slowing user growth takes a toll

(Newser) - Twitter beat Wall Street's earnings and revenue expectations in its first quarter as a public company. But investors were looking for even more—including more user growth—and the company's stock dipped as much as 12% in after-hours trading today. Twitter ended the quarter with 241 million monthly...

Executives' Stock Selling Move Smells Fishy

Top companies have sold after good guidance, but before bad, 755 times

(Newser) - The next time you see a top executive deliver good news and then sell stock in his own company, head for the exits. Executives have an uncanny knack for issuing positive guidance, selling their stock, and then issuing negative guidance soon thereafter, the Wall Street Journal reports. The Journal found...

Apple: Profits Fall, iPhones Keep Selling

Tech giant's earnings decline for 3rd straight quarter

(Newser) - Apple's latest quarterly earnings fell 9% as more people bought the company's lower-priced iPhones and iPads, according to fourth-quarter results announced today. The numbers included early sales of the latest iPhones released late last month. The models, called the 5S and 5C, helped Apple Inc. increase its iPhone...

Apple Giving $100B to Shareholders

Profit falls 18% but beats analysts' estimates

(Newser) - Apple is opening the doors to its bank vault, saying it will distribute $100 billion in cash to its shareholders by the end of 2015. The news came as the company released its fiscal second-quarter earnings after the stock market closed. Results beat analysts' estimates, though Apple posted its first...

Facebook Beats Expectations, but Stock Falls

Fourth-quarter earnings surpass analysts' estimates

(Newser) - Facebook's fourth-quarter financial results surpassed Wall Street's expectations, but the company's stock is dipping lower in extended trading. Facebook earned $64 million, or 3 cents per share, in the October-December period. That's down from $360 million, or 14 cents per share, a year earlier when it...

Apple Shares Fall After Flat Earnings

Company's streak of big increases in profit ends

(Newser) - Apple's profit surge halted in the latest quarter, as a flood of new products such as the iPhone 5 meant high start-up costs for new production lines. Apple posted net income for the October-to-December quarter that was flat with the year before. It was the first time in years...

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