General Motors CEO Mary Barra Bill Pugliano | Getty Images DETROIT – General Motors lost $194 million in the fourth-quarter heavily due a 40-day labor strike against the company that cost it four weeks of vehicle production and eroded any profit. The strike, according to the automaker, cost it $2.6 billion in earnings before interest
Earnings
Chipotle Mexican Grill on Tuesday reported quarterly earnings that topped analysts’ expectations as its limited-time carne asada drove customers to its restaurants. Shares of the company rose 1% in extended trading. Ahead of its earnings release, the stock hit an all-time high of $890.17 during morning trading Tuesday. Here’s what the company reported compared with what Wall
Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange, November 27, 2017 in New York City. Getty Images Disney shares slid 1% after the company reported fiscal first-quarter earnings on Tuesday. The company beat on both the
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, January 24, 2020. Lucas Jackson | Reuters Halfway through earnings season for the fourth quarter of 2019, and it’s been a tale of haves and have-nots. The haves include megacap tech names like Netflix, Intel, Microsoft,
Tesla has reported fourth-quarter results, and it’s a beat on earnings. The stock spiked as much as 13% on the news after hours. Here’s how the company did versus expectations: Earnings: $2.14 adjusted vs. $1.72 per share expected. Revenue: $7.38 billion versus $7.02 billion, expected according to Refinitiv. Tesla said it expects positive cash flow
A reception desk at Amazon offices in downtown Seattle, Washington. Glen Chapman | AFP | Getty Images Amazon‘s advertising segment was just one factor in the company’s blowout fourth quarter, but the company outlined where it sees growth for the high-margin business. Amazon’s “other” category, which is mostly made up of its advertising business, generated
Exxon earned $5.69 billion in the fourth quarter, down from $6 billion in the same period as weakness in the company’s chemicals and downstream divisions, as well as consistently lower oil prices pressured profits. The company’s quarter was boosted by one-time events, including a $3.7 billion gain from Exxon’s Norway divestment. Excluding these items, profit
Chevron posted a $6.6 billion loss in the fourth quarter due to $10.4 billion worth of write-offs related to the company’s shale gas production sites in Appalachia and deep-water projects in the Gulf of Mexico. In December, the company warned that this charge would be between $10 billion and $11 billion. Shares slid more than
Mondelez CEO Dirk Van de Put said on Thursday that he expects first-quarter revenue to be affected by the spread of the coronavirus, which has killed at least 171 people in China and infected more than 8,200 since emerging less than a month ago. The company has already closed two factories near the epicenter of
A man walks past shelves of Coca-Cola bottles and cans at a shopping mall in Lagos, Nigeria November 5, 2019. Temilade Adelaja | Reuters Coca-Cola on Thursday reported quarterly revenue that topped analysts’ expectations as new products under its namesake brand boosted sales. Shares of the company, which has a market value of $247 billion,