Financial Performance

USPS Slashes Annual Loss to $4.9B in 2021
Financial Performance

USPS Slashes Annual Loss to $4.9B in 2021

"We are making encouraging progress in correcting the long-term imbalance in postal revenues and expenses."
By Matthew Heller | November 11, 2021
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Supply Disruptions Hit Apple Revenue
Financial Performance

Supply Disruptions Hit Apple Revenue

Apple missed revenue estimates for the fourth quarter as shortages in chip supplies cost it $6 billion in potential revenue.
By Matthew Heller | October 29, 2021
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GM Loses $4.9B in Q4 But Beats Estimates
Financial Performance

GM Loses $4.9B in Q4 But Beats Estimates

The automaker's operating results were "very strong, and actually great" in the quarter and for the full year, CFO Chuck Stevens says.
By Matthew Heller | October 28, 2021
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Spirit Slashes Guidance After Flight Disruptions
Financial Performance

Spirit Slashes Guidance After Flight Disruptions

The carrier took a $50 million hit from the disruptions and expects an "additional $80 to $100 million of negative revenue impact" in Q3.
By Matthew Heller | August 17, 2021
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Zeta CFO Attributes Revenue Growth to COVID-Era Refocusing
Financial Performance

Zeta CFO Attributes Revenue Growth to COVID-Era Refocusing

The cloud-based marketing technology company reported a 39% year-over-year increase in its second-quarter revenue.
By Lauren Muskett | August 11, 2021
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Microsoft Earnings: Highest Q4 Growth in 6 Years
Financial Performance

Microsoft Earnings: Highest Q4 Growth in 6 Years

A significant fourth-quarter beat was powered by several secular growth trends and recurring revenue.
By Lauren Muskett | July 28, 2021
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Tesla Beats $1B, Posts Record Profit in Q2
Financial Performance

Tesla Beats $1B, Posts Record Profit in Q2

Tesla was profitable without regulatory credits, which it sells to rival automakers, for the first time since the end of 2019.
By Matthew Heller | July 27, 2021
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Delta Posts $652M Profit on Surging Demand
Financial Performance

Delta Posts $652M Profit on Surging Demand

“We achieved significant milestones in the quarter including a solid pre-tax profit in the month of June."
By Matthew Heller | July 14, 2021
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Drinks Lead Big Second Quarter for PepsiCo
Financial Performance

Drinks Lead Big Second Quarter for PepsiCo

“A lot of the things we did through the pandemic are paying dividends now that mobility has increased and consumers are getting out more."
By Matthew Heller | July 14, 2021
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GameStop Stock Falls On Q1 Results; Hires New CEO, CFO
Financial Performance

GameStop Stock Falls On Q1 Results; Hires New CEO, CFO

The video game retailer hired two Amazon veterans to help it make a push into e-commerce.
By Lauren Muskett | June 10, 2021
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Bank Profits Rise 29% to $76.8B in 1st Quarter
Financial Performance

Bank Profits Rise 29% to $76.8B in 1st Quarter

Still, net interest income fell by $7.6 billion, or 5.6%, the sixth straight quarterly decline, and average net interest margin fell to 2.56%.
By Matthew Heller | May 26, 2021
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Senators Introduce Bipartisan Postal Reform Bill
Financial Performance

Senators Introduce Bipartisan Postal Reform Bill

The legislation would eliminate the requirement that USPS pre-fund more than $120 billion in retiree healthcare and pension liabilities.
By Matthew Heller | May 20, 2021
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Remote Work Could Bring Google $1B in Annual Savings
Financial Performance

Remote Work Could Bring Google $1B in Annual Savings

Google saved $268 million in expenses from company promotions, travel, and entertainment versus a year earlier.
By Lauren Muskett | April 29, 2021
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Where Are Tesla’s Profits Coming From?
Financial Performance

Where Are Tesla’s Profits Coming From?

The company's profits are more reliant on non-core activities than on selling cars.
By Lauren Muskett | April 27, 2021
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Bank Profits Rise 9% to $59.9B in 4th Quarter
Financial Performance

Bank Profits Rise 9% to $59.9B in 4th Quarter

“Banks remained resilient in fourth quarter 2020, consistent with the improving economic outlook,” the FDIC says.
By Matthew Heller | February 23, 2021
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