Financial Performance

Disney Loses $710M, Gets Boost From Streaming
Financial Performance

Disney Loses $710M, Gets Boost From Streaming

“The real bright spot has been our direct-to-consumer business, which is key to the future of our company."
By Matthew Heller | November 13, 2020
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Rocket Companies Revenue Up 163% in Record Q3
Financial Performance

Rocket Companies Revenue Up 163% in Record Q3

The parent company of Rocket Mortgage and Quicken Loans reported adjusted revenue of $4.74 billion.
By Lauren Muskett | November 11, 2020
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GM Posts $4B Profit on Strong Truck, SUV Sales
Financial Performance

GM Posts $4B Profit on Strong Truck, SUV Sales

"GM is benefiting from robust customer demand for our new vehicles and services, especially our full-size pickups and SUVs."
By Matthew Heller | November 5, 2020
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Hyatt Loses $161M as Travel Slump Continues
Financial Performance

Hyatt Loses $161M as Travel Slump Continues

Hyatt's revenue per available room improved in Q3 but the hotelier expects "demand to remain uneven over the coming months."
By Matthew Heller | November 5, 2020
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PayPal Posts Record Sales on E-Commerce Boom
Technology

PayPal Posts Record Sales on E-Commerce Boom

“Our growth reinforces the essential role we play in our customers’ daily lives during this pandemic.”
By Matthew Heller | November 3, 2020
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Exxon Posts $680M Loss as Oil Slump Continues
Financial Performance

Exxon Posts $680M Loss as Oil Slump Continues

The company disclosed that further capital spending cuts and possible writedowns of assets are ahead as it battles the pandemic-induced oil bust.
By Matthew Heller | October 30, 2020
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Twitter Shares Fall on Slowing User Growth in Q3
Technology

Twitter Shares Fall on Slowing User Growth in Q3

Twitter beat estimates on the top and bottom lines but daily active user growth of only 1 million disappointed investors.
By Matthew Heller | October 30, 2020
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Moderna Q3 Revenues Beat Estimates
Financial Performance

Moderna Q3 Revenues Beat Estimates

The biotech is preparing for the global launch of its potential COVID-19 vaccine.
By Lauren Muskett | October 29, 2020
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Visa Beats Estimates as Travel Slump Continues
Financial Performance

Visa Beats Estimates as Travel Slump Continues

“The recovery so far has been uneven, V-shaped for domestic volumes but L-shaped for cross-border volumes,” CFO Vasant Prahbhu says.
By Matthew Heller | October 29, 2020
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Boeing Posts $466M Loss, Announces Job Cuts
Financial Performance

Boeing Posts $466M Loss, Announces Job Cuts

The company is battling reduced demand amid the COVID-19 pandemic, with commercial aircraft sales down 56% in Q3.
By Matthew Heller | October 28, 2020
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Cloud Growth Drives Microsoft Earnings Beat
The Cloud

Cloud Growth Drives Microsoft Earnings Beat

Microsoft has benefited from businesses accelerating the shift to cloud infrastructure and applications due to the COVID-19 pandemic.
By Matthew Heller | October 28, 2020
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HSBC Beats Estimates, May Resume Dividend
Financial Performance

HSBC Beats Estimates, May Resume Dividend

“These were promising results against a backdrop of the continuing impacts of COVID-19 on the global economy."
By Matthew Heller | October 27, 2020
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SAP Shares Fall 23% on Q3 Results, Guidance
The Cloud

SAP Shares Fall 23% on Q3 Results, Guidance

“COVID-19 has created an inflection point for our customers," the company said as it announced a "strategic pivot" to cloud computing.
By Matthew Heller | October 26, 2020
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Intel Shares Plunge on Falling Margins, Increased Competition
Technology

Intel Shares Plunge on Falling Margins, Increased Competition

"We're seeing increased competition in the second half of the year, but not different levels of competition than we thought.”
By Lauren Muskett | October 23, 2020
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Netflix Reports Mixed Q3 Earnings, Slower User Growth
Financial Performance

Netflix Reports Mixed Q3 Earnings, Slower User Growth

Revenue was higher by 22.7% year-over-year as the company recorded 2.2 million paid net subscribers versus 6.8 million net additions a year ago.
By Vincent Ryan | October 20, 2020
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