Tag Archives: earnings

For the most up-to-date news and information about the coronavirus pandemic, visit the WHO and CDC websites. AT&T’s booming wireless business wasn’t enough to shield the telecom giant turned media conglomerate from bad news in the first quarter due to the coronavirus. The company said the impact of the pandemic added costs and caused advertising …

For the most up-to-date news and information about the coronavirus pandemic, visit the WHO and CDC websites. Ben S. stopped driving for Lyft in mid-March. He was worried about his dad, who had a heart condition. A handful of stent surgeries held his condition in check, but since contracting COVID-19, he wasn’t doing well. “His heart rate was up to …

ViacomCBS is upping its digital offerings with a revamped streaming service to better compete with Netflix, Disney Plus, Apple TV Plus, HBO Max and Peacock in the ongoing streaming wars. The changes will come later this year and build on CBS‘ existing All Access streaming service, CEO Bob Bakish said during an earnings conference call Thursday.  (Disclosure: ViacomCBS is the …

Lyft faced an uncertain fourth quarter in 2019 but still managed to beat analysts’ expectations for revenue. The ride-hailing company reported its highest quarterly revenue to date, coming in at more than $1 billion. The company focused on slimming down during the quarter that ended in December, scaling back its bike and scooter initiatives and laying off employees. Lyft pulled …

Not even Apple is immune to the coronavirus sweeping the globe, with suppliers and stores impacted by the deadly disease. CEO Tim Cook last week said the company has suppliers in China’s Wuhan region, where the coronavirus first emerged. The iPhone maker has alternative sources for those components, he said, and it’s “working on mitigation plans to make up any expected …

The last quarter of 2019 was turbulent for Uber, as it faced serious disruptions in its business from California to London to India. After bottoming out with its lowest-ever recorded share price in late November, however, the situation started to turn around for the ride-hailing company. Uber’s share price began to slowly and steadily rise, even as Travis Kalanick, its …

Amazon was once again in the $1 trillion club, though just for a short while. The online retail giant’s market capitalization topped $1 trillion Friday, opening at $2,051.47 a share after reporting strong earnings on Thursday. Shares lost some of their momentum throughout the day, closing at $2,008.72, which puts the company’s market cap at around $995 billion. Amazon’s stock …

Verizon added valuable new wireless customers in the fourth quarter of 2019 as it builds out its 5G network, but weaknesses in other parts of its business caused it to fall short of analyst expectations on earnings. The New York-based wireless carrier said Thursday that it added a total of 790,000 new postpaid phone subscribers in the fourth quarter, compared …

It’s OK if you got motion sickness from following Amazon’s earnings reports over the past year. Case in point: The e-commerce heavyweight’s profits crashed in the second and third quarters of 2019, following a heady string of record earnings. And just when profits seemed to be on their way down, they’re right back up again in the fourth quarter, just …

Samsung on Wednesday reported the end to a rough year — a day after its chief rival Apple posted an all-time high in revenue and earnings and reclaimed its title as the world’s biggest smartphone maker. Samsung said its fourth-quarter operating profit tumbled by 34% to 7.16 trillion won ($6 billion). Its overall revenue edged up 1% to 59.88 trillion …