Bank Profits Surge 8.7% to $60.7 Billion in Q1
Boosted by a 6% gain in net interest income, the industry's strong Q1 performance followed a record year in 2018.
Lyft Posts $1.1B Net Loss, 95% Revenue Increase
The company' sees steady progress toward profitability after this year but revenue growth is expected to slow to 52% in 2019.
S&P Questions Tesla’s Profitability Outlook
While the automaker sees a return to profitability in Q3 after the $702 million Q1 loss, S&P is predicting only limited improvement.
Activist Elliott Bets $1.3B on SAP Profit Growth
The German software giant has prioritized revenue growth but is now taking steps to boost the profitability of its cloud business.
Tesla Shares Jump 16% Despite Record Loss
The automaker predicts it can produce 7,000 vehicles per week, which would enable it "to become sustainably profitable for the first time in our history."
Tesla to Cut 9% of Workforce in Profit Push
"It is clear that Tesla is under tremendous pressure to finally turn a profit and is attempting to address it by cutting overhead."
Twitter Moves Into the Black With $91M Profit
The fourth quarter "was a breath of fresh air for investors that have patiently awaited for this turnaround story to manifest after years of pain."
Litigation Costs Put Dent in Wells Fargo Profit
The beleaguered bank's shares fall 2.7% after it reports Q3 net income fell to $4.6 billion from $5.6 billion one year ago while EPS misses estimates.
Ford to Cut 1,400 Jobs in Profitability Push
The automaker has been "under pressure to get specific about cost cuts” amid investor concern over its stock price.
Groupon Shares Drop 13% on Big Sales Miss
Q1 revenue fell 4% but the company says such fluctuations are to be expected as it focuses on growing gross profit.
U.S. Firms Profitable in China Despite Headwinds
The US-China Business Council reports 90% of firms were profitable last year but business confidence continues to decline.