Last year JPMorgan Chase earned more profits than it ever has before, even as its results dipped in the final quarter. The largest lender in the US reported Friday that it raked in a record $49.6 billion in annual net income, the most ever in the history of the American banking industry. And it happened […]
Tag: profit
S&P 500: 10 Companies Expected To Post Blowout Profit Any Day Now
S&P 500 companies are gearing up for fourth-quarter earnings season. And some are seen putting up some massive profit growth. X Ten companies, including some of the Magnificent Seven like Amazon.com (AMZN) and Netflix (NFLX), plus utilities like NRG Energy (NRG), are seen posting 50% or higher profit for the fourth-quarter of 2023, says an […]
Samsung Profit Tumbles 35% as Chip Weakness Persists
(Bloomberg) — Samsung Electronics Co. posted its sixth straight quarter of declining operating profit, reflecting weak consumer demand and stoking uncertainty over the timing of a broader tech recovery. Most Read from Bloomberg Korea’s largest company reported a 35% fall in operating income to 2.8 trillion won ($2.1 billion), about 24% shy of estimates. Revenue […]
Kevin O’Leary blasts California Gov. Gavin Newsom after Chevron projects up to $4B profit hit due to state’s energy policies
‘I wouldn’t let him manage a candy store’: Kevin O’Leary blasts California Gov. Gavin Newsom after Chevron projects up to $4B profit hit due to state’s energy policies “Shark Tank” investor and businessman Kevin O’Leary has a message for California governor Gavin Newsom: “Wake up and smell the hydrocarbons.” California’s climate change policies have come […]
UPDATE 1-Walgreens beats Q1 profit estimates on core business strength, cuts dividend
(Adds details in paragraphs 3-5, shares in paragraph 6) Jan 4 (Reuters) – Walgreens Boots Alliance on Thursday reported better-than-expected profit for the first quarter on strength in its pharmacy operations and cut its quarterly dividend in an attempt to save cash. Walgreens said it will cut dividend payment by 48% to 25 cents per […]
Costco Sells Everything From Gas to Gold Bars. But It Gets 73% of Its Profit From Somewhere You Wouldn’t Expect.
Costco Wholesale (NASDAQ: COST) has become one of the world’s most successful retailers. Shareholders have reaped huge rewards over time, as Costco stock has soared 72,600% since going public in the early 1980s. A big part of Costco’s popularity has come from the fact that you can get just about anything you want there. The […]
BlackBerry posts surprise quarterly profit on resilient cybersecurity demand
(Reuters) – Canada’s BlackBerry reported a surprise quarterly profit on Wednesday, backed by a resilient demand for cybersecurity services amid rising online threats. While IT spending has dwindled over the past year, cybersecurity-related expenditure has remained stable as businesses and governments scramble to beef up their systems against hackers. Over the past few months, casino […]
FedEx profit misses, cuts full-year revenue forecast, shares sink
By Lisa Baertlein and Priyamvada C (Reuters) -FedEx cut its full-year revenue forecast and reported quarterly profit that fell far short of analysts’ targets on Tuesday, sending shares tumbling 8.5%, as it battles for business in what is shaping up to be a weak holiday season. The company’s shares fell to $256.20 in extended trading […]