Billion Archives - CFO

Whirlpool Lowers Guidance, Shares Drop 6%

Financial Performance

Whirlpool Lowers Guidance, Shares Drop 6%

The appliance maker's third-quarter results were hurt by rising costs of raw materials and an unfavorable price mix.

By Matthew Heller | October 24, 2017

IBM Stock up 5% on Renewed Turnaround Hopes

Financial Performance

IBM Stock up 5% on Renewed Turnaround Hopes

In Q3, Big Blue almost ended its long drought in revenue growth and beat analysts' estimates on revenue across all its main business segments.

By Matthew Heller | October 18, 2017

Lowe’s Shares Drop 3% on Q1 Earnings Miss

Financial Performance

Lowe’s Shares Drop 3% on Q1 Earnings Miss

Same-store sales grew 1.9%, above the company's historical average but below rival Home Depot's 5.5% gain in its first quarter.

By Matthew Heller | May 25, 2017

Steward Health Adds IASIS Hospitals to Network

Steward Health Adds IASIS Hospitals to Network

The merger would make Steward the largest private for-profit hospital operator in the U.S. with 36 facilities across 10 states.

By Matthew Heller | May 19, 2017

Alibaba Posts Biggest Sales Increase Since IPO

Financial Performance

Alibaba Posts Biggest Sales Increase Since IPO

Businesses outside e-commerce were unprofitable in Q4, suggesting Alibaba's diversification efforts have a long way to go.

By Matthew Heller | May 19, 2017

Target Boosts Profit But Same-Store Sales Fall

Target Boosts Profit But Same-Store Sales Fall

"Target's not out of the woods, yet," a retail analyst says. "The road to improvement will be long."

By Matthew Heller | May 18, 2017

TJX Same-Store Sales Growth Slows to 1%

Financial Performance

TJX Same-Store Sales Growth Slows to 1%

The off-price retailer's disappointing Q1 earnings "may signal that no part of retail is immune to the current challenges.”

By Matthew Heller | May 16, 2017

Thermo Fisher Moves Into Drug Manufacturing

Thermo Fisher Moves Into Drug Manufacturing

The $5.2 billion acquisition of Patheon positions Thermo Fisher to grab a slice of the fast-growing contract drug production business.

By Matthew Heller | May 15, 2017

Verizon Outbids AT&T in Battle for Straight Path

Verizon Outbids AT&T in Battle for Straight Path

With a $3.1 billion offer for the spectrum owner, Verizon "now has all of the pieces in place to quickly accelerate the deployment of 5G."

By Matthew Heller | May 11, 2017

Sinclair Expands Network With Tribune Buy

Sinclair Expands Network With Tribune Buy

The $3.9 billion deal is the largest in the history of the TV station operator, which is known for conservative-leaning programming.

By Matthew Heller | May 8, 2017

Berkshire Hathaway Profit Falls 5% to $3.56B

Financial Performance

Berkshire Hathaway Profit Falls 5% to $3.56B

The decline in earnings reflected an after-tax loss of $267 million from insurance underwriting that offset gains from the BNSF railroad and utilities.

By Matthew Heller | May 8, 2017

iHeartMedia Issues ‘Going Concern’ Warning

iHeartMedia Issues ‘Going Concern’ Warning

The parent of iHeartRadio is in talks with lenders on a plan to relieve its $20 billion debt burden from a 2008 leveraged buyout.

By Matthew Heller | May 4, 2017

Apple’s Revenue Jumps 4.6% in ‘Strong’ Q2

Financial Performance

Apple’s Revenue Jumps 4.6% in ‘Strong’ Q2

iPhone sales totaled 50.76 million, missing analysts' estimates, but consumers may be looking ahead to a big upgrade.

By Matthew Heller | May 3, 2017

MasterCard Shares Surge on 12% Profit Gain

Financial Reporting

MasterCard Shares Surge on 12% Profit Gain

The company is benefiting from healthy consumer spending but faces increased costs as it spends on digital payment initiatives.

By Matthew Heller | May 2, 2017

Amazon Shrugs Off Cloud-Computing Rivals

Amazon Shrugs Off Cloud-Computing Rivals

Amazon Web Services, with $890 million in operating income, accounted for most of the company's overall profit and its sales rose 43% to $3.7 billion.

By Matthew Heller | April 28, 2017