corporate profits – News Stories About corporate profits - Page 1

For 2 Major Airlines, a Big Gap in Q4 Numbers

American, Southwest Post
Drastically Different Q4 Stats

Jan 26, 2023 8:35 AM CST

American, Southwest Post Drastically Different Q4 Stats

American sees a profit of $803M; Southwest takes $220M loss after a chaotic December

(Newser) - American Airlines offered more proof Thursday of the recovery in air travel, posting a better-than-expected profit for the fourth quarter, while Southwest Airlines lost money because of massive flight cancellations last month. Southwest said it also expects another loss in the first quarter, though it added it was encouraged by...

Apple Breaks Corporate
Profit Record

Jan 27, 2015 4:50 PM CST

Apple Breaks Corporate Profit Record

Net quarterly profit of $18B tops Gazprom's $16.2B in 2011

(Newser) - Apple had another blowout quarter thanks to its new plus-sized iPhones, which helped the company smash sales records for the holiday season. Apple said today that net income rose 38% to $18 billion, which beat Gazprom's $16.2 billion profit for the first quarter of 2011—the previous corporate...

IRS Eyes Google
As Profits Jump

Oct 14, 2011 1:38 AM CDT

IRS Eyes Google As Profits Jump

Company going 'gangbusters,' boasts CEO

(Newser) - Hard times elsewhere haven't done any damage to Google's bottom line. The company has announced a whopping 26% year-on-year jump in profits for the third quarter of this year, with net income of $2.73 billion on nearly $10 billion revenue, most of it from advertising, the BBC...

Apple Profit Shoots Up 125%

Jul 20, 2011 8:23 AM CDT

Apple Profit Shoots Up 125%

...and that's without any new product launches

(Newser) - Apple shocked analysts yesterday by posting a whopping 125% leap in its fiscal third-quarter profits—a feat it achieved without releasing any major new products in the past six months. And with a number of new products scheduled for the second half of 2011, this could be just the tip...

In This Crappy Economy,
Corporate Profits Soar

Jul 5, 2011 7:55 AM CDT

In This Crappy Economy, Corporate Profits Soar

There's a disconnect between profitability and jobs

(Newser) - There's a whole lot of evidence that the US' economic recovery isn’t going well—unemployment remains too high, consumer lending too low, and consumer confidence in shambles—but one place you won’t find that evidence is on corporate balance sheets. US companies are poised to post big...

Exxon Scores $11B in Profits

Apr 28, 2011 10:37 AM CDT

Exxon Scores $11B in Profits

It's oil giant's best quarter since 2008

(Newser) - Gas prices are soaring, and so are Exxon Mobil's profits. The oil giant raked in $10.65 billion in profits in the first quarter of 2011, its best performance since the gas price spike of 2008. The $2.14-per-share profit well exceeded analysts' $2.04 estimates, the AP reports....

Jon Stewart on GE: No Federal Income Tax Despite $14.2B in Profits? 'I Give Up' (Daily Show Video)

Stewart: No Taxes
for GE? I Give Up

Mar 29, 2011 5:58 AM CDT

Stewart: No Taxes for GE? I Give Up

Worse, President Obama doesn't seem to care, he notes

(Newser) - The GOP often argues that "we're making it harder and harder for good, honest corporate citizens to create jobs here" thanks to a stiff corporate tax rate, Jon Stewart noted last night . "Can you blame a company like GE for not wanting to do business in America when...

GE 2010 Profits: $14.2B
GE Tax Bill: $0

Mar 25, 2011 10:36 AM CDT

GE 2010 Profits: $14.2B GE Tax Bill: $0

In fact, it earned a tax benefit of $3.2B

(Newser) - General Electric is America’s biggest firm, but it’s not paying a dime in US taxes this year—instead, it has claimed a $3.2 billion tax benefit, the New York Times reports. Though it made a $14.2 billion profit in 2010, $5.1 billion of which was...