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.”
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.
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."
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."
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."
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."
PayPal Posts Record Sales on E-Commerce Boom
“Our growth reinforces the essential role we play in our customers’ daily lives during this pandemic.”
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.
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.
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.
Ford Earnings Beat Estimates; China Growth, Ford Credit Highlighted
“We know that there’s huge value to be unlocked as we turn around our automotive operations," said new CEO Jim Farley.