Financial Performance

Surprising Earnings Growth Seen for Fourth Quarter
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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Visa Beats Estimates on Online Shopping Surge
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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Apple Tops Q1 Earnings Expectations
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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AT&T Takes $15B Writedown on Ailing DirecTV
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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Starbucks’ U.S. Sales Fall Amid COVID-19 Surge
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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Strong Cash Flow Boosts GE Turnaround Hopes
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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IBM Shares Dive As Revenue Woes Continue
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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Netflix Tops 200M Subs, Sees Positive Cash Flow
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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Wells Fargo Shares Dip 7% on Q4 Revenue Miss
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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Delta Posts Record Loss, Cuts Cash Burn
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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Google Waives $1.5B in DeepMind Startup Debt
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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Oracle Beats Estimates on Strong Cloud Results
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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Snowflake Posts 119% Revenue Gain, Shares Slip
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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Walmart’s E-Commerce Surge Continues in Q3
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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DraftKings Beats Estimates as Pro Sports Return
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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