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."
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.
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.
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."
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.
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. "
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.
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.
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.
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.