The company, which is in the midst of shifting to become a metaverse business, also forecast revenue would beat Wall Street predictions.
Category: Company Reports
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Oil Giants, After Surge in Profits, Are Wary About Spending
Economic and military uncertainty clouds the outlook for Exxon, Chevron and other energy companies, whose bonanza from high prices is already fading.
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Bed Bath & Beyond Says It Defaulted on Debt Payments
The disclosure was the most salient sign of financial strain yet for the beleaguered retailer, which is exploring a possible bankruptcy filing.
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Southwest Lost $220 Million Because of Holiday Meltdown
The airline canceled 16,700 flights before and after Christmas as it struggled to recover from bad weather.
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Tesla Bulls Take Heart From Strong Profits
Shares in the electric carmaker continued to rally after the company reported strong profits, even amid growing competition and economic pressures.
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IBM Announces 3,900 Job Cuts
The company said the layoffs were a final step after asset sales rather than a sign of weakness in its business.
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Tesla’s Profit Jumped 12% in Fourth Quarter
The electric car company is facing intensifying competition, supply chain disruptions and concerns about the behavior of Elon Musk.
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Microsoft Revenue Up 2 Percent, but Profit Drops 12 Percent
The company, which announced plans to lay off 10,000 workers last week, had warned that is was facing a significant slowdown in the growth of its sales.
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Microsoft Revenue Up 2 Percent, but Profit Drops 12 Percent
The company, which announced plans to lay off 10,000 workers last week, had warned that is was facing a significant slowdown in the growth of its sales.