Financial Performance

Technology

Cisco Warns of Soft Growth Amid Trade Tensions

“We definitely saw significant impact on our business in China as it relates to what's going on with the trade war right now."

Matthew Heller
August 15, 2019
Financial Performance

Macy’s Shares Fall 13% on Big Earnings Miss

Same-store sales improved in the second quarter but profit was hit by heavy markdowns to clear unsold merchandise.
Financial Performance

Uber Posts Record Loss, Sales Growth Slows

“What’s sapping investor confidence ... is the absence of a clear path to grow revenue and cut costs,” an analyst says.
Financial Performance

Lower-Than-Expected Loss Cheers Lyft Investors

“We are trying to drive profitable growth, not growth at all costs," CFO Brian Roberts says.
M&A

Cars.com Dashes Hopes of Sale, Shares Tank

The online auto marketplace received interest from 29 prospective buyers but "no actionable options for a sale of the company."
Financial Performance

Exxon Mobil Profits Dip on Natural-Gas Glut

Lower prices due to abundant supply helped drive Exxon's natural-gas profits down by about half.
Financial Performance

GM’s Pickups, Cost-Cutting Drive Profit Increase

“Our results demonstrate the earnings power of our full-size truck franchise, with more upside to come," CEO Mary Barra says.
Financial Performance

Disney Profit Falls on Weak Results From Fox

The results from the Fox movie studio were “well below” what Disney hoped for “when we made the acquisition,” CEO Bob Iger says.
Financial Performance

GE Reports ‘Steady Progress,’ CFO Departure

CEO Larry Culp hails Jamie Miller's "many contributions to GE’s significant transformation" but says it was time for a CFO change.
Financial Performance

Beyond Meat Reports Larger-Than-Expected Loss

The company's stock fell sharply after it reported mixed Q2 results and announced it will sell 3.25 million shares in a secondary offering.
Financial Performance

Alphabet’s Q2 Results Ease Growth Concerns

“We’re delivering strong growth," CFO Ruth Porat says after Google's parent reports a 19% increase in revenue to $38.9 billion.
Financial Performance

Tesla Stock Dives on ‘Demoralizing’ Q2 Results

Despite record deliveries, the company posted a larger-than-expected loss as rising costs weighed on profitability.
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