Advertisements



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

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

Citigroup posts $18.3B fourth-quarter loss, its earnings erased by federal tax overhaul

CEO Michael Corbat reaffirms plans to return $60 billion in capital to investors, predicts federal tax change will lead to higher income .....»»

Category: topSource: usatodayJan 16th, 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 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"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

Corp Bank posts Rs 12.4-bn Q3 loss on higher NPAs; bad loan ratio at 15.92%

Sequentially, the net loss widened from Rs 10.35 billion in the second quarter (July-September) of 2017-18.....»»

Category: topSource: business-standardFeb 12th, 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

GM Posts Loss on Tax Changes, Logs Strong Demand for Pickups and SUVs

GM said its fourth-quarter bottom line swung to a $5.2 billion loss because of a hefty charge related to U.S. tax-law changes , but stout demand for pickup trucks and SUVs pushed operating profit to a record for the quarter......»»

Category: smallbizSource: wsjFeb 6th, 2018

National Oilwell (NOV) Posts Q4 Loss as Estimated, Sales Top

Wellbore Technologies segment's performance drives National Oilwell's (NOV) Q4 results. National Oilwell Varco, Inc. NOV reported fourth-quarter 2017 adju.....»»

Category: worldSource: nytFeb 6th, 2018

GM posts loss on non-cash charge, but beats estimates

The No. 1 U.S. automaker reported a fourth-quarter loss of $4.9 billion or $3.46 per share, compared with a profit of $2.1 billion or $1.36 per share a year earlier......»»

Category: topSource: foxnewsFeb 6th, 2018

Mattel shares down 7% after company posts surprise quarterly loss

Shares of Mattel Inc. fell 7% late Thursday after the toy maker swung to a surprise loss in the fourth quarter and its North American and global sales took a dive. Mattel said it lost $281.3 million, or 82 cents .....»»

Category: topSource: marketwatchFeb 1st, 2018

UPS posts $1.1 billion profit for 4Q on high online shopping

United Parcel Service Inc. (UPS) on Thursday reported fourth-quarter net income of $1.1 billion, after reporting a loss in the same period a year earlier......»»

Category: topSource: foxnewsFeb 1st, 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

Caterpillar posts 4Q loss on tax charge, but adjusted EPS up

Caterpillar Inc. on Thursday reported a loss of $1.3 billion in its fourth quarter, driven down by a hefty charge related to tax reform......»»

Category: topSource: foxnewsJan 25th, 2018

GE posts $10 billion loss as quarterly revenue drops 5 percent

(Reuters) - General Electric Co reported a 5-percent fall in revenue and a $10 billion loss for the fourth quarter on Wednesday, driven by an already announced $11-billion charge for insurance losses and taxes......»»

Category: topSource: reutersJan 24th, 2018