Category: Company Reports

Investors Look to Corporate Reports With Low Expectations

The New York Times – Business:
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.
Wall Street Braces for a Weak Earnings Season

The New York Times – Business:
Analysts have begun trimming their profit forecasts, with pronounced downgrades for growth at energy and financial firms.
Wall Street Sets Low Expectations for Corporate Earnings

The New York Times – Business:
Earnings season kicks off this week, and analysts expect a big drop in corporate profits and more announcements about layoffs.
Walgreens Executive Says Shoplifting Threat Was Overstated

The New York Times – Business:
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.
Southwest’s Meltdown Could Cost It Up to $800 Million

The New York Times – Travel:
The airline has not said how much it might have to spend to reimburse customers and upgrade its technology systems.
Ford Sales Dipped in 2022, but Electric Vehicle Deliveries Surged

The New York Times – Business:
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.
Salesforce to Lay Off 10 Percent of Staff and Cut Office Space

The New York Times – Business:
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.
Auto Sales Likely Fell in 2022 Because of Supply Chain Chaos

The New York Times – Business:
Automakers have been hampered by the supply of semiconductors and higher interest rates.
Salesforce to Lay Off 10 Percent of Staff and Cut Office Space

The New York Times – Business:
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.
Tesla Car Sales Rose 18% in Last Quarter

The New York Times – Business:
The company’s rapid growth is expected to ease as the economy slows and demand for its electric cars weakens.
Twitter Users Say Elon Musk Should Quit as C.E.O.

The New York Times – Business:
After weeks of turmoil since he bought the company, Mr. Musk surveyed Twitter about whether he should remain in charge, and said he would abide by the result.
GLAAD Praises Increased Inclusiveness of Disney Films

The New York Times – Business:
In a report on L.G.B.T.Q. representation in movies, the organization lauded the studio but noted some depictions were one dimensional or stereotypical.