Tag: Company Reports

Saudi Aramco Sees Itself as a $1.7 Trillion Company

Saudi Aramco, the world’s largest oil company, offered more details on the enormous share offering it is planning for December, setting an overall market value of the company of as much as $1.7 trillion, a figure short of the $2 trillion initially estimated by Crown Prince Mohammed bin Salman. Still, the company could raise close […]

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WeWork Lost $1.25 Billion in Third Quarter

The rapid expansion of WeWork’s office-space empire caused the company’s losses to balloon in the third quarter, according to a company presentation. WeWork lost $1.25 billion in the three months that ended in September, up from $497 million in the same period a year earlier, according to the document, obtained by The New York Times. […]

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Nissan Profit Tumbles as It Struggles to Move Past Management Problems

YOKOHAMA, Japan — Nissan, the Japanese automaker lashed by slowing growth abroad and management scandals at home, reported on Tuesday the latest bad news in a very difficult year: Its profit has continued tumbling, and the situation is expected to get worse. The automaker said its net income fell 54.8 percent in the last quarter, […]

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Saudi Aramco Offers Some Details on Coming Stock Offering

Saudi Aramco, the world’s largest oil company, took another step on its lengthy path to a stock market listing on Saturday, saying that it would announce a price for its shares on Dec. 5, with trading expected to start in mid-December. The company announced last week that it planned to list on the local Saudi […]

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New York Times Co. Says It’s on Pace for 10 Million Subscribers, but Ads Decline

Readers continue to shower The New York Times with money. Advertisers, not so much. The publisher added 273,000 new online subscribers in the third quarter, for a total of four million digital readers, the company reported Wednesday. The number of total subscribers, including print and digital, hit 4.9 million, a high. Advertising was the weak […]

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Is Aramco Worth $2 Trillion? And Other Crucial I.P.O. Questions

LONDON — Saudi Aramco is undoubtedly huge and very profitable. But what’s the company worth? That question was one of many left unanswered Sunday when the company, the world’s dominant oil producer, announced it would sell a stake to investors. Just about everything about the initial public offering remains to be determined in the coming […]

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Uber Posts $1.2 Billion Loss as Growth Improves

SAN FRANCISCO — Uber has reported record losses and slowing growth over the past few months. Its stock has tanked. Investors have called it a “horror show.” On Monday, the ride-hailing company responded with financial results that exceeded what Wall Street had anticipated. While Uber is still losing large amounts of money, it did not […]

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Google, in Rare Stumble, Posts 23% Decline in Profit

SEATTLE — Alphabet, the parent company of Google, said on Monday that its quarterly profit fell 23 percent after it sharply increased spending, in a rare financial stumble by the tech giant. Alphabet reported that its revenue rose 20 percent to $40.5 billion for the third quarter, but that profit dropped to $7.07 billion. Profit, […]

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AT&T’s C.E.O. to Stay On Another Year After Challenge From Activist Fund

AT&T, the embattled telecom giant that has turned into a major Hollywood player, announced a set of changes to its corporate governance Monday that will keep its chief executive in place for at least another year, as well as a stepped up business strategy meant to address a challenge from an activist hedge fund. The […]

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C.E.O. Confidence Is Collapsing. That Could Hurt Stocks.

American companies spent more than $800 billion on their own shares last year, taking a windfall from deep corporate tax cuts to try to bolster their share prices and improve the look of their quarterly earnings reports. This year, as the economy’s worsening prospects rattle executives, those buybacks are slowing down. The mood among corporate […]

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Tesla Reports Profit for Quarter, Sending Shares Soaring

Tesla surprised Wall Street on Wednesday by reporting $143 million in net income in the third quarter as cost reductions more than offset a slight decline in revenue. The electric-car maker said it had earnings of $1.86 per share on an adjusted basis. Revenue was $6.3 billion in the quarter. Analysts had expected a loss […]

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Boeing Sales and Profits Plummet as 737 Max Crisis Continues

Boeing reported sharp quarterly drops in sales, earnings and airplane deliveries on Wednesday as it continued to struggle with the fallout from the deadly crashes of two 737 Max jets. With the Max still grounded, Boeing has ceased deliveries of its most popular product, throwing the company into turmoil. The company said sales fell 21 […]

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Big Banks Were the Loudest Optimists. They’re Getting Quieter.

The heads of America’s largest banks have been some of the country’s most prominent optimists over the past two years, shooing away questions about the potential effects of President Trump’s trade policies, cheering his tax cuts and offering periodic reassurances that things would all work out for the American economy. But manufacturing activity and job […]

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Wall Street’s Sky-High Expectations Are About to Collide With Reality

Wall Street’s eternally optimistic forecasters are expecting corporate profit growth to surge by the middle of next year — views that are about to collide with reality as hundreds of companies report financial results and update investors on their prospects. American companies go through this ritual every three months: sharing financial statements and holding conference […]

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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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