Free-to-Play Games Weigh on Take-Two Sales
Take-Two's Q4 adjusted revenue missed estimates amid pressure from online and free-to-play video games such as Fortnite.
Lyft Posts $1.1B Net Loss, 95% Revenue Increase
The company' sees steady progress toward profitability after this year but revenue growth is expected to slow to 52% in 2019.
Kellogg CFO to Step Down After Two Years
CFO Fareed Kahn's replacement, Amit Banati, is the head of the consumer product group's Asia, Middle East, and Africa business.
Apple Posts Record $11.5B in Services Revenue
The jump in digital services sales testifies to Apple's progress in selling other products to its installed base of iPhone users.
GM Posts Earnings Beat, Market Share Slips
The automaker increased sales of pricey pickups by 20% and cut $400 million in costs in Q1, boosting profit despite a 3.4% revenue drop.
Amazon Profit Doubles to Record $3.6B in Q1
The company "has entered a new era with comparatively sluggish sales growth, but a consistently profitable business.”
‘Disappointing’ Quarter Drives Big 3M Stock Drop
The shares had their worst day in 30 years after the company missed earnings estimates and announced plans to lay off 2,000 workers.
Facebook Sets Aside $3B for Possible FTC Fine
Facebook says the charge it took in the first quarter is a reasonable estimate of what it would cost to resolve an FTC privacy investigation.
Harley Profits Fall, But Beat Estimates
Falling demand, higher costs from U.S. tariffs on raw materials, and European taxes on imports hurt its earnings.
PepsiCo Shares Hit Record on Earnings Beat
The firm's CEO cites progress on "our ambitious agenda to invest to build capabilities, strengthen our brands, and add capacity to grow."
Netflix Posts Record Quarterly Subscriber Gain
“What’s making investors nervous is that there are signs of a slowdown in the second-quarter subscriber growth,” an analyst says.