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The Wall Street Journal: Uber narrows quarterly loss as bookings surge

Uber Technologies Inc.’s scandal-plagued year apparently hasn’t deterred ridership, though the ride-hailing company is still reporting heavy financial losses......»»

Category: topSource: marketwatchAug 23rd, 2017

Uber posts $708 million loss, finance head leaves: Wall Street Journal

(Reuters) - Uber Technologies Inc's [UBER.UL] head of finance is leaving as the ride-hailing company reported continued big losses for the first quarter, the Wall Street Journal reported on Wednesday......»»

Category: topSource: reutersMay 31st, 2017

Hedge funds Steadfast and Suvretta jump onto CSX in fourth quarter

BOSTON (Reuters) - Wall Street investors were so convinced that Hunter Harrison could turn around railroad CSX Corp that the company lost $4 billion in market value when the former CEO took a medical leave in December and died only a few days later......»»

Category: topSource: reutersFeb 14th, 2018

Uber"s fourth-quarter loss narrows to $1.1 billion: source

(Reuters) - Uber Technologies Inc [UBER.UL] narrowed its fourth-quarter loss to $1.1 billion from a loss of $1.46 billion in the previous quarter, a person familiar with the matter told Reuters......»»

Category: topSource: reutersFeb 13th, 2018

Fintech SoFi blames missed earnings on borrowers skipping payments, increased hiring costs

Online lender Social Finance Inc. said in its fourth quarter earnings report that its borrowers are missing more loan payments and warned that it expects that trend to continue in 2018, the Wall Street Journal reports. SoFi had been expected to repor.....»»

Category: topSource: bizjournalsFeb 12th, 2018

Charter Communications reports better-than-expected Q4 earnings

Charter Communications Inc. reported fourth-quarter earnings on Friday that were better than Wall Street expected thanks, in part, to a $9.3 billion favorable impact from the federal tax overhaul. The telecommunications compa.....»»

Category: topSource: marketwatchFeb 2nd, 2018

Citi posts strong earnings, despite taking $22 billion hit from tax reform (C)

REUTERS/Ueslei Marcelino Citigroup released fourth-quarter results Tuesday, beating the expectations of Wall Street analysts with adjusted earnings of $1.28 a shar.....»»

Category: topSource: businessinsiderJan 16th, 2018

Futures rise as investors assess big bank earnings

(Reuters) - U.S. stock futures rose and pointed to a positive open for Wall Street on Friday as investors digested fourth-quarter earnings reports from big U.S. lenders......»»

Category: topSource: reutersJan 12th, 2018

JPMorgan beats earnings expectations after accounting for $2.4 billion hit from tax reform (JPM)

Getty/Win McNamee JPMorgan Chase released the results from its fourth quarter Friday, beating analyst earnings expectations on an adjusted basis with $1.76 a share.  Wall Street analysts had been expecting $1.69 a share.  &ld.....»»

Category: topSource: businessinsiderJan 12th, 2018

Celgene"s stock falls after it experienced "choppy weather" in 2017 and provided a downbeat outlook

Celgene Corp. shares shed 1.9% in active midday trade Monday, after the company released preliminary fourth-quarter and 2017 earnings results, which are expected to beat Wall Street expectations, and its plans for a $1.1 billion upfront.....»»

Category: topSource: marketwatchJan 8th, 2018

Goldman to take $5 billion earnings hit from U.S. tax law

(Reuters) - Goldman Sachs Group Inc will take a $5 billion earnings hit in the fourth quarter due to a new U.S. tax law, the Wall Street bank said in a regulatory filing on Friday......»»

Category: topSource: reutersDec 29th, 2017

Uber"s leaked financials show the company is still growing — but it"s also losing money

Getty Uber's third-quarter financials have leaked. The company's revenue is growing, but it's still losing money. Uber wants to go public by 2019. Uber's third-quarter financials have leaked to The Wall Street Journal. The fina.....»»

Category: worldSource: nytDec 29th, 2017

Uber"s $70 billion valuation dropped to $48 billion

Uber's valuation has significantly dropped. For a long period of time, the company was evaluated at $70 billion and according to the Wall Street Journal, the price is now $48 billion.The.....»»

Category: topSource: moneycentralDec 28th, 2017

Adobe shares rise after fourth-quarter earnings beat

Adobe Systems Inc. shares rose in the extended session Thursday after the software maker beat Wall Street sales and earnings expectatio.....»»

Category: topSource: marketwatchDec 14th, 2017

The Wall Street Journal: SoftBank seeks Uber shares at 30% discount from $68 billion valuation

SoftBank Group Corp. has told stakeholders in Uber Technologies Inc. that it will initially offer to buy shares at a nearly 30% discount to the company’s most recent valuation of $68 billion, according to a person familiar with the matter......»»

Category: topSource: marketwatchNov 28th, 2017

Capital One shares rise after higher-than-expected earnings, revenue

Shares of Capital One Financial Corp. rose late Tuesday after the company reported earnings and sales above Wall Street expectations. Capital One said it earned $1.1 billion, or $2.14 a share, in the quarter,.....»»

Category: topSource: marketwatchOct 24th, 2017

The Wall Street Journal: Gilead shares rise after FDA approves cell-therapy drug Yescarta

Gilead Sciences Inc.’s $11 billion bet on Kite Pharma Inc. is poised to pay off, with the approval Wednesday of Kite’s flagship cell-therapy treatment for advanced lymphoma patients......»»

Category: topSource: marketwatchOct 18th, 2017

The Wall Street Journal: Panama Canal’s $5 billion bet pays off as U.S.-bound transits rise

Ocean operators switch some sailings from the Suez Canal, as bigger ships can cross using the new expanded Panama Canal locks to reach U.S. East Coast, driving an “unprecedented” increase, says canal administrator......»»

Category: topSource: marketwatchOct 9th, 2017

Uber"s bookings rose 17% to $8.7 billion during last quarter

Uber its losses 14 percent in the second quarter from a year ago, as the ride-hailing giant grew bookings, trips and revenue......»»

Category: topSource: moneycentralAug 23rd, 2017

News Corp revenue misses on weak demand for print advertising

(Reuters) - News Corp on Thursday reported fourth-quarter revenue that missed estimates as the owner of the Wall Street Journal grapples with a declining demand for advertising in the print industry......»»

Category: topSource: reutersAug 10th, 2017