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Uber booked $2.2 billion in sales last quarter — but it still took a $1.1 billion loss

Getty Uber is narrowing its enormous losses and its revenues are growing. In Q4 2017, it booked a loss of $1.1 billion on $2.2 billion in revenues. It comes as the company tries to move past a yea.....»»

Category: topSource: businessinsiderFeb 13th, 2018

Uber Posts Fourth-Quarter Loss of $1.1 Billion on Higher Sales

Uber continued to boost ridership and revenue throughout last year, despite a punishing stretch that included a sexual harassment scandal, the resignation of its longtime chief and a blockbuster lawsuit from its primary rival in self-driving vehicles......»»

Category: smallbizSource: wsjFeb 13th, 2018

Uber booked $2.2 billion in sales last quarter as its giant losses narrowed

Getty Uber has had a chaotic year, battling lawsuits, sex discrimination allegations, and the departure of many of its top execs. But behind the scenes its business has been slowly improving. The transportation startup narrowed.....»»

Category: topSource: businessinsiderFeb 13th, 2018

Coke sales fall as company shifts gears, sheds bottling biz

Coca-Cola says it's swung to a fourth-quarter loss of $2.75 billion, though adjusted earnings and revenues beat most expectations......»»

Category: topSource: foxnewsFeb 16th, 2018

Uber Q4 loss narrows 28% to $1.1 billion; settles dispute with Waymo

The ride-hailing company's quarterly revenue rose 11.8 per cent to $2.2 billion from its previous quarter,.....»»

Category: topSource: business-standardFeb 13th, 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

AIG posts $6.7 billion loss on tax reform, catastrophes

American International Group Inc posted a $6.7 billion fourth-quarter loss on Thursday as the U.S. insurer booked a big charge related to U.S. tax reform and losses from global catastrophes......»»

Category: topSource: moneycentralFeb 8th, 2018

AIG posts $6.7 billion loss on tax reform, catastrophes

(Reuters) - American International Group Inc posted a $6.7 billion fourth-quarter loss on Thursday as the U.S. insurer booked a big charge related to U.S. tax reform and losses from global catastrophes......»»

Category: topSource: reutersFeb 8th, 2018

Corning 4Q17 sales rise 7%

Corning has reported its fourth-quarter 2017 sales rose 7% on-year to reach US$2.637 billion, but the three-month period saw a net loss of US$1.412 billion, or a negative EPS of US$1.66......»»

Category: topSource: digitimesJan 31st, 2018

Lockheed Martin takes $2 billion charge, adjusted profit beats

(Reuters) - Lockheed Martin Corp reported a net loss in the fourth quarter on Monday as the U.S. defense contractor took a $1.9 billion charge mainly due to the change in U.S. tax law, but beat expectations for sales and adjusted profit......»»

Category: topSource: reutersJan 29th, 2018

Honeywell tops profit and sales expectations, boosts earnings outlook

Honeywell International Inc. reported Friday a fourth-quarter net loss of $2.41 billion, or $3.18 a share, compared with a profit of $1.03 billion, or $1.34 a share, in the same perio.....»»

Category: topSource: marketwatchJan 26th, 2018

Intel Revenue Rises, but Chip Maker Reports Loss on Tax Charge

Intel reported record fourth-quarter revenue as sales in its data-center business jumped 20%, but it swung to a loss on a $5.4 billion charge after changes in U.S. tax law......»»

Category: smallbizSource: wsjJan 25th, 2018

General Electric posts a $10 billion loss and lower sales

General Electric Co forecast further weakening of its troubled power business on Wednesday as it reported a $10 billion loss and a 5-percent fall in revenue in the fourth quarter, driven by previously-announced charges for insurance losses and taxes......»»

Category: topSource: moneycentralJan 24th, 2018

GE posts $10 billion loss, sales drop as power weakens

General Electric Co reported a 5-percent fall in revenue and a $10 billion loss for the fourth quarter on Wednesday......»»

Category: topSource: foxnewsJan 24th, 2018

American Express posts $1.2 billion loss due to new tax law

Credit card company American Express is reporting it lost $1.2 billion in the fourth quarter, as the company booked large one-time charges related to the new tax law......»»

Category: topSource: foxnewsJan 18th, 2018

Uber"s loss reportedly widens to $1.6 billion in the third quarter

Robert Galbraith/Reuters Uber's net loss widened to $1.46 billion in the third quarter, .....»»

Category: topSource: businessinsiderNov 29th, 2017

Uber’s Q3 Loss Widens as SoftBank Makes First Offer on Shares

Two investors have dropped out as the tech company reveals mounting legal costs. Uber Technologies Inc.'s third quarter loss widened to $1.46 billion, coinciding with a.....»»

Category: europeSource: fortuneNov 29th, 2017

Uber"s third-quarter net loss widens to $1.46 billion: source

(Reuters) - Uber Technologies Inc's [UBER.UL] quarterly losses widened, a source familiar with the matter told Reuters on Tuesday, as the ride-hailing company wades through legal troubles and faces regulatory scrutiny across the globe......»»

Category: topSource: reutersNov 29th, 2017

Uber's Losses Widen as SoftBank Launches Bid to Buy Shares - Bloomberg

BloombergUber's Losses Widen as SoftBank Launches Bid to Buy SharesBloombergUber Technologies Inc.'s net loss widened to $1.46 billion in the third quarter, accor.....»»

Category: topSource: googlenewsNov 28th, 2017

Uber second-quarter loss shrinks to $645 mn as ride bookings grow

Some investors have eyed Uber's $68 billion valuation with scepticism.....»»

Category: topSource: business-standardAug 23rd, 2017

Uber"s sales more than doubled to $1.75 billion in the second quarter, despite all its drama

Glassdoor/UberUber may have tanked in the public's eyes, but its highly publicized scandals from the past few months.....»»

Category: topSource: businessinsiderAug 23rd, 2017