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Sustainability
The Rise of ESG: Where It Is Now and How It Got Here
Calls for corporate reform are as old as the corporation itself, so why now are companies pushing for more ESG efforts in their organizations?
By
Ted Jackson
| July 5, 2022
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Financial Performance
Profitability
Surprising Earnings Growth Seen for Fourth Quarter
"Upbeat fourth-quarter results would bolster expectations for a strong rebound in earnings in 2021."
By
Matthew Heller
| February 4, 2021
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Financial Performance
Visa Beats Estimates on Online Shopping Surge
“Our performance in the fiscal first quarter reflected solid results and continued positive momentum in a challenging COVID-19 environment."
By
Matthew Heller
| January 29, 2021
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Financial Performance
Apple Tops Q1 Earnings Expectations
The iPhone fetched the company $65.60 billion in sales by virtue of 17.23% year-over-year growth.
By
Lauren Muskett
| January 28, 2021
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Financial Performance
AT&T Takes $15B Writedown on Ailing DirecTV
The writedown of the premium TV business reflects "years of cord-cutting as viewers move to cheaper online streaming services."
By
Matthew Heller
| January 27, 2021
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Financial Performance
Starbucks’ U.S. Sales Fall Amid COVID-19 Surge
The first quarter saw "meaningful, sequential improvements in quarterly financial results despite ongoing business disruption from the pandemic."
By
Matthew Heller
| January 27, 2021
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Financial Performance
Strong Cash Flow Boosts GE Turnaround Hopes
“As 2020 progressed, we significantly improved GE's profitability and cash performance despite a still-difficult macro environment."
By
Matthew Heller
| January 26, 2021
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The Cloud
IBM Shares Dive As Revenue Woes Continue
"The actions we are taking to focus on hybrid cloud and AI will take hold, giving us confidence we can achieve revenue growth in 2021.”
By
Matthew Heller
| January 22, 2021
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Financial Performance
Netflix Tops 200M Subs, Sees Positive Cash Flow
The streaming giant's shares jumped 12% after it indicated it would return any excess cash to shareholders through buybacks.
By
Matthew Heller
| January 20, 2021
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Financial Performance
Wells Fargo Shares Dip 7% on Q4 Revenue Miss
"Our results continued to be impacted by the unprecedented operating environment and the required work to put our substantial legacy issues behind us."
By
Matthew Heller
| January 18, 2021
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Financial Performance
Delta Posts Record Loss, Cuts Cash Burn
“Our December quarter results capped the toughest year in Delta’s history,” Delta CEO Ed Bastian said.
By
Matthew Heller
| January 14, 2021
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Technology
Google Waives $1.5B in DeepMind Startup Debt
The waiver "underscores Google's commitment to DeepMind, with little indication the [AI] startup is likely to turn a profit any time soon."
By
Matthew Heller
| December 17, 2020
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Financial Performance
Oracle Beats Estimates on Strong Cloud Results
Revenue from the Fusion and NetSuite Cloud ERP apps grew 33% and 21%, respectively, in Q2 as the shift to remote work continued.
By
Matthew Heller
| December 11, 2020
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Financial Performance
Snowflake Posts 119% Revenue Gain, Shares Slip
The third quarter "was marked by continued strong revenue growth coupled with improving unit economics, cash flow, and operating efficiencies.”
By
Matthew Heller
| December 3, 2020
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Financial Performance
Walmart’s E-Commerce Surge Continues in Q3
“We’re convinced that most of the [shift to online shopping] will persist beyond the pandemic," CEO Doug McMillon says.
By
Matthew Heller
| November 17, 2020
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Financial Performance
DraftKings Beats Estimates as Pro Sports Return
The resumption of several major sports in the third quarter, as well as the start of the NFL season, "generated tremendous customer engagement."
By
Matthew Heller
| November 16, 2020
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