Financial Performance

Financial Performance

JCPenney Reports Steep Drop in First Quarter Sales

The company’s CEO remains optimistic about the retailer’s future.

Debra Wallace
May 21, 2019
Financial Performance

Pinterest Shares Dive on First Public Report

Pinterest's adjusted loss was three times worse than expected, taking some of the steam out of the stock's post-IPO surge.
Financial Performance

Walmart Gets Big Sales Boost From E-Commerce

"Walmart is now a major competitive force in e-commerce and is capable of capturing shopper share from Amazon and others.”
Financial Performance

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.
Financial Performance

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.
Financial Reporting

Kraft Heinz to Restate Results for Nearly 3 Years

The company says employee misconduct resulted in the cost of products sold being understated by $181 million.
Financial Performance

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.
Financial Performance

Postal Service Loses $2.1B on Flat Revenue

"Within the framework of our current business model, we are executing to grow revenue and reduce operating expenses," CFO Joseph Corbett says.
Financial Performance

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.
Financial Performance

S&P Questions Tesla’s Profitability Outlook

While the automaker sees a return to profitability in Q3 after the $702 million Q1 loss, S&P is predicting only limited improvement.
Financial Performance

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.”
Financial Performance

‘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.
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