Fourth Quarter Archives - CFO

Alibaba Posts Biggest Sales Increase Since IPO

Financial Performance

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.

By Matthew Heller | May 19, 2017

Currency Moves Take a Smaller Bite Out of Earnings

Currency Moves Take a Smaller Bite Out of Earnings

Fewer North American companies reported negative foreign exchange impacts for the fourth quarter of 2016.

By Vincent Ryan | April 26, 2017

Trading Revenue Drop Hurts Goldman Profit

Investment Banking

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.

By Matthew Heller | April 18, 2017

Best Buy Beats Profit Estimates But Sales Sag

Financial Performance

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.

By Matthew Heller | March 1, 2017

Macy’s Cost-Cutting Helps Profit Beat Estimates

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.

By Matthew Heller | February 22, 2017

Hilton Swings to Loss on Restructuring Costs

Financial Performance

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.

By Matthew Heller | February 16, 2017

$5.6B Charge Dims AIG Turnaround Hopes

$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.

By Matthew Heller | February 16, 2017

Franchising Boosts Dunkin’ Brands to Profit

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.

By Matthew Heller | February 11, 2017

No ‘Trump Bump’ for Twitter in 4th 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.”

By Matthew Heller | February 9, 2017

GrubHub Delivers 27% Increase in Food Sales

GrubHub Delivers 27% Increase in Food Sales

"We are firing on all cylinders," GrubHub CEO Matt Maloney says.

By Matthew Heller | February 8, 2017

Hershey Hit by 16.6% Sales Decline in China

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.

By Matthew Heller | February 6, 2017

Amazon Shares Dip 3% on Revenue Miss

Amazon Shares Dip 3% on Revenue Miss

Fourth-quarter net sales of $3.54 billion fell short of analysts' estimates but net income rose 55% to $749 million.

By Matthew Heller | February 3, 2017

U.S. Productivity Rises 1.3% in Fourth Quarter

U.S. Productivity Rises 1.3% in Fourth Quarter

The broader trend remains weak, with productivity rising just 0.2% in 2016 from 2015, the smallest annual gain since 2011.

By Matthew Heller | February 3, 2017

S&P Strips Under Armour of Investment-Grade Rating

Global Business

S&P Strips Under Armour of Investment-Grade Rating

The sports apparel company's credit rating is cut to 'junk' level on weakening margins and 'intense competition.'

By Vincent Ryan | February 1, 2017

U.S. Economy Grows 1.9% in Fourth Quarter

U.S. Economy Grows 1.9% in Fourth Quarter

Growth eased from 3.5% in Q3 as a sharp drop in exports offset solid consumer spending and a pickup in business investment.

By Matthew Heller | January 30, 2017