earnings

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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Low Rates, Fewer Loans Cut BofA’s 4Q Profits
Credit & Capital

Low Rates, Fewer Loans Cut BofA’s 4Q Profits

Bank of America's results were helped by an $828 million release from its reserves for expected loan losses.
By Matthew Heller | January 19, 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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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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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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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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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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