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.
Currency Moves Take a Smaller Bite Out of Earnings
Fewer North American companies reported negative foreign exchange impacts for the fourth quarter of 2016.
Trading Revenue Drop Hurts Goldman Profit
“We underperformed this quarter,” new CFO R. Martin Chavez says as the firm reports its first earnings miss since the fourth quarter of 2015.
Best Buy Beats Profit Estimates But Sales Sag
The retailer's same-store sales dropped 0.7% in the fourth quarter amid weaker-than-expected demand from gamers and product outages.
Macy’s Cost-Cutting Helps Profit Beat Estimates
The outlook for sales growth, however, remains weak, with comp sales expected to decline between 2.0% and 3.0% this year.
Hilton Swings to Loss on Restructuring Costs
The hotelier took a tax hit of $513 million related to restructuring but its adjusted earnings beat analysts' estimates.
$5.6B Charge Dims AIG Turnaround Hopes
The charge to cover possible future claims was larger than analysts expected and led to a net loss of $3.04 billion in the fourth quarter.
Franchising Boosts Dunkin’ Brands to Profit
The owner of Dunkin' Donuts benefited from increased royalties and franchise fees as it swung to a $56 million profit in the fourth quarter.
No ‘Trump Bump’ for Twitter in 4th Quarter
"There isn't a growth story here," an analyst says. "They have to convince advertisers they will reach an expanding audience.”
GrubHub Delivers 27% Increase in Food Sales
"We are firing on all cylinders," GrubHub CEO Matt Maloney says.
Hershey Hit by 16.6% Sales Decline in China
The company's fourth-quarter profit was boosted by a 22% drop in cocoa prices and its cost-cutting initiatives.