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.
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.
Microsoft Earnings: Highest Q4 Growth in 6 Years
A significant fourth-quarter beat was powered by several secular growth trends and recurring revenue.
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.
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."
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."
Surprising Earnings Growth Seen for Fourth Quarter
"Upbeat fourth-quarter results would bolster expectations for a strong rebound in earnings in 2021."
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."
Apple Tops Q1 Earnings Expectations
The iPhone fetched the company $65.60 billion in sales by virtue of 17.23% year-over-year growth.
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."
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."