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
The New York Times – Business: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 New York Times – Business: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 New York Times – Travel: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
The New York Times – Business: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 New York Times – Business: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 New York Times – Business: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 New York Times – Business: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 New York Times – Business: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.