profitability Archives - CFO

Disrupting Insurance: CFO Teodora Gouneva

Disrupting Insurance: CFO Teodora Gouneva

“The minute you create an abundance of resources, that's when you’re not able to execute well or efficiently deliver results.”

By Vincent Ryan | April 18, 2022

Delta Posts $652M Profit on Surging Demand

Financial Performance

Delta Posts $652M Profit on Surging Demand

“We achieved significant milestones in the quarter including a solid pre-tax profit in the month of June."

By Matthew Heller | July 14, 2021

Moving Beyond ‘Survive-at-All-Costs’ Mode

Moving Beyond ‘Survive-at-All-Costs’ Mode

Expensive quick fixes are helping companies endure COVID-19 but they are not sustainable over a prolonged period of heightened volatility.

By Vincent Ryan | February 3, 2021

Why Tesla Puts The S&P Selection Committee ‘In a Real Bind’

Investor Relations

Why Tesla Puts The S&P Selection Committee ‘In a Real Bind’

Even a relatively mild decline in demand could easily push Tesla back into negative income territory.

By Vincent Ryan | August 25, 2020

Sony Profit Dives in Q4 as Virus Hits Electronics

Financial Performance

Sony Profit Dives in Q4 as Virus Hits Electronics

CFO Hiroki Totoki says Sony's consumer electronics unit has been hardest hit by the pandemic “but the impact will expand to other businesses."

By Matthew Heller | May 13, 2020

Casper Sleep Lays off 21% of Corporate Workers

Casper Sleep Lays off 21% of Corporate Workers

The layoffs are part of an effort to cut costs as the company seeks to achieve profitability by mid-2021.

By Matthew Heller | April 22, 2020

Making the CFO the Chief Profitability Officer

Making the CFO the Chief Profitability Officer

"The most important issue facing most managers in this difficult economy is making more money from the existing business without costly new initiatives. "

By Vincent Ryan | March 4, 2020

SmileDirect Shares Plunge on ‘Sour’ Q4 Report

Financial Performance

SmileDirect Shares Plunge on ‘Sour’ Q4 Report

The teledentistry company said it would pivot to control growth to achieve profitiability after posting a 25 cents per share loss.

By Matthew Heller | February 26, 2020

Uber Beats Estimates But Loss Widens to $1.16B

Uber Beats Estimates But Loss Widens to $1.16B

While Uber's Rides segment is profitable, it is spending heavily on new businesses such as Eats.

By Matthew Heller | November 5, 2019

Tesla Shares Jump 20% on Surprise Q3 Profit

Financial Performance

Tesla Shares Jump 20% on Surprise Q3 Profit

The car maker said it removed substantial costs from its business during the quarter and delivered a record number of vehicles.

By Matthew Heller | October 24, 2019

Bank Profits Surge 8.7% to $60.7 Billion in Q1

Credit & Capital

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.

By Matthew Heller | May 29, 2019

Lyft Posts $1.1B Net Loss, 95% Revenue Increase

Financial Performance

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.

By Matthew Heller | May 8, 2019

S&P Questions Tesla’s Profitability Outlook

Financial Performance

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.

By Matthew Heller | April 29, 2019

Activist Elliott Bets $1.3B on SAP Profit Growth

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.

By Matthew Heller | April 24, 2019

Tesla Shares Jump 16% Despite Record Loss

Financial Performance

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."

By Matthew Heller | August 3, 2018