Tag: Company Reports

Uber Posts $5.2 Billion Loss and Slowest Ever Growth Rate

SAN FRANCISCO — Uber set two dubious quarterly records on Thursday as it reported its results: its largest-ever loss, exceeding $5 billion, and its slowest-ever revenue growth. The double whammy immediately renewed questions about the prospects for the company, the world’s biggest ride-hailing business. Uber has been dogged by concerns about sluggish sales and whether […]

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Uber Wants to Sell You Train Tickets. And Be Your Bus Service, Too.

DENVER — When Julia Ellis arrives at a train station in a Denver suburb to go to work, she opens her Uber app. Next to the ride-hailing options, she taps a train icon marked “Transit.” The click buys her a ticket for Denver’s public transit system, the Regional Transportation District. Ms. Ellis said she had […]

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New York Times Up to 4.7 Million Subscribers as Profits Dip

As digital revenue becomes more central to the newspaper business — and with a small boost from the launch of “The Weekly,” a television show on FX and Hulu — The New York Times Company on Wednesday reported second-quarter revenue growth of 5.2 percent compared with the same quarter last year. Operating profit declined by […]

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Disney Earnings Disappoint in First Full Quarter After Fox Deal

The Walt Disney Company reported weak quarterly results Tuesday, the result of escalating streaming-service losses, underperforming 21st Century Fox assets and lower-than-expected theme park attendance. In its first full quarter since closing a $71.3 billion deal to acquire most of Rupert Murdoch’s Fox entertainment businesses, Disney had a profit of $1.44 billion, a 51 percent […]

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Apple Reports Declining Profits and Slowing Growth, Again

Apple has long performed like clockwork, growing steadily and producing an ever-growing stream of profit. Not anymore. On Tuesday, the Silicon Valley behemoth said that its net income had fallen nearly 13 percent and that its revenue growth had slowed to 1 percent in the latest quarter, with iPhone sales continuing to decline and gains […]

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Boeing Reports $3.4 Billion Loss for Second Quarter as 737 Max Costs Rise

Boeing reported a $3.4 billion quarterly loss on Wednesday as costs related to its grounded 737 Max continued to rise. The company said it recorded $15.8 billion in sales in the quarter, down 35 percent from the same time a year earlier, in large part because it has stopped delivering the Max. Boeing also said […]

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YouTube Is a Big Business. Just How Big Is Anyone’s Guess.

YouTube probably generates $16 billion to $25 billion in annual revenue, making the video service big enough to crack the top half of the Fortune 500. But that’s just a guess. Even though financial analysts on Wall Street think YouTube makes about as much money as the Gap, General Mills or Netflix, the video service’s […]

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Tesla Says Deliveries in Quarter Set a Record

Tesla delivered a record number of vehicles in the most recent quarter, the company said Tuesday. The electric-car maker said it delivered 95,200 autos, bettering the mark it had set in last year’s final quarter. Tesla’s chief executive, Elon Musk, said in an email to employees last week that the company would deliver 90,000 to […]

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Trump’s Trade War Has Wall Street Forecasts Frozen in Place

Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.__________ Business executives have warned repeatedly about the damage President Trump’s trade wars could do to their profits. Wall Street analysts and strategists have called increasing tit-for-tat tariffs the greatest risk to economic growth. Trade groups […]

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Can Tesla Ever Be More Than a Niche Automaker? Wall St. Increasingly Thinks No

Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.__________ Few companies have created such strong and divergent opinions across Wall Street as Tesla. To the company’s biggest boosters, Tesla’s chief executive, Elon Musk, is a new Steve Jobs — out to revolutionize transportation and […]

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Uber’s First Earnings Report After I.P.O. Shows Slowing Growth and $1 Billion Loss

SAN FRANCISCO — Uber’s start as a publicly traded company has gone from bumpy to bumpier. In its first earnings report since listing its shares on the stock market earlier this month, the ride-hailing giant on Thursday reported slowing growth and steep losses for the first three months of 2019. Uber posted a loss of […]

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