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CFOs On the Move: Week Ending July 1
McDonald’s, Dollar Tree, GoFundMe, Stride, Otis, Intrusion, Monogram Health, Mass Luminosity
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Lauren Muskett
| July 1, 2022
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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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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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Risk & Compliance
Healthcare Services Group Fined Over Accounting
CFO John Shea allegedly failed to record loss contingencies from legal liabilities, enabling HCSG to report inflated earnings and consistent growth.
By
Matthew Heller
| August 24, 2021
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Risk & Compliance
Ex-Netflix Engineers Charged With Insider Trading
The SEC says the software engineers were part of a ring that made $3.1 million in illicit profits based on tips about Netflix subscriber growth.
By
Matthew Heller
| August 19, 2021
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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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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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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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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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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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