The company’s revenue rose to above $100 billion in the quarter for the first time and profit soared 86 percent.
Category: Company Reports
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Volkswagen, Hit by Tariffs, Reports $1.5 Billion Loss and Warns of Chip Shortage
Europe’s largest automaker said that a shortage of semiconductors could further hurt productivity.
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Starbucks Reports a Modest Sales Increase in Latest Quarter
Net income fell 85 percent, however, because of charges related to store closures and corporate layoffs.
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Microsoft Increases Investments Amid A.I. Race
The company reported that it spent a higher-than-expected $34.9 billion in capital expenditures during its quarter.
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Boeing Reports Bigger Quarterly Loss but Sales Improved
The aerospace company was hurt by the delay of a new plane but made progress on increasing production of the 737 Max, its most popular aircraft.
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UPS Has Already Cut 48,000 Workers This Year
The delivery company said about 70 percent of the layoffs affected drivers and warehouse workers.
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Target to Cut 1,800 Corporate Jobs in Efficiency Drive
The retail chain’s incoming chief executive, who will take over in February, cited “too many layers and overlapping work” in a memo.
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Ford’s Profit Jumps on Strong Sales but Company Lowers its Outlook
Ford said a fire at an aluminum factory will lower profits in the last three months of the year. The company also said it has stopped making an electric version of its popular F-150 pickup.
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Tesla Profit Falls 37% After It Cut Car Prices
The company sold more cars but made less money on each one because of discounts and low-interest loans.
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‘KPop Demon Hunters’ Helps Lift Netflix Revenue 17%
The streaming giant said the higher results came from a mix of subscription growth, advertising and other sales.
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G.M.’s Profit Falls on Tariffs and E.V. Costs
The automaker’s shares jumped as investors focused on an upgraded forecast for some financial measures, as well as a lower-than-expected bill for tariffs this year.
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Big Banks Grow Profits, Crediting a ‘Resilient’ Economy
JPMorgan Chase, Goldman Sachs and Wells Fargo reported strong quarterly earnings, mostly topping analyst expectations and showing growth across key lines of business.