As companies prepare to publish their latest financial results, Wall Street forecasters expect profits to fall for the first time since the early days of the pandemic.
Category: Company Reports
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Wall Street Braces for a Weak Earnings Season
Analysts have begun trimming their profit forecasts, with pronounced downgrades for growth at energy and financial firms.
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Walgreens Executive Says Shoplifting Threat Was Overstated
In a call with investors on Thursday, the chief financial officer of Walgreens, James Kehoe, said “maybe we cried too much last year” over theft.
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Southwest’s Meltdown Could Cost It Up to $800 Million
The airline has not said how much it might have to spend to reimburse customers and upgrade its technology systems.
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Ford Sales Dipped in 2022, but Electric Vehicle Deliveries Surged
The company’s production was limited by a global chip shortage but it made big gains in the fastest-growing segment of the auto market.
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Salesforce to Lay Off 10 Percent of Staff and Cut Office Space
The software company plans to cut around 8,000 jobs as business slows for tech companies. “We hired too many people leading into this economic downturn,” Salesforce’s chief executive said.
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Auto Sales Likely Fell in 2022 Because of Supply Chain Chaos
Automakers have been hampered by the supply of semiconductors and higher interest rates.
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Salesforce to Lay Off 10 Percent of Staff and Cut Office Space
The software company plans to cut around 8,000 jobs as business slows for tech companies. “We hired too many people leading into this economic downturn,” Salesforce’s chief executive said.
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Tesla Car Sales Rose 18% in Last Quarter
The company’s rapid growth is expected to ease as the economy slows and demand for its electric cars weakens.