All articles tagged with #earnings decline
Exxon Mobil's Q3 earnings dropped 12% to $7.55 billion due to falling oil prices caused by increased OPEC+ production, despite record outputs in Guyana and the Permian Basin. The company posted a strong earnings per share of $1.88, returned $9.4 billion to shareholders, and raised its dividend, though revenue slightly missed expectations.
A long-time Uber driver in Atlanta shares her experience of declining earnings over the past year due to reduced demand, increased expenses, and competition from autonomous vehicles, leading her to question her future in gig work after a decade in the industry.
Berkshire Hathaway's shares fell about 1% after reporting a 4% decline in operating earnings to $11.16 billion in Q2, driven by a drop in insurance underwriting, and a $3.8 billion loss from its Kraft Heinz stake, amid a halt in stock buybacks and continued stock sales, disappointing investors expecting more investment activity or buybacks.
Dow Inc. reduced its quarterly dividend by half to conserve cash amid a prolonged industry downturn and lower earnings, leading to a decline in its stock price and analyst downgrades, despite efforts to control costs and improve future earnings.
Walgreens Boots Alliance reported a third-quarter loss of $0.20 per share for fiscal 2025, driven by prior-year gains and higher taxes, with sales up 7.2% to $39 billion. The company withdrew its full-year guidance due to pending acquisition by Sycamore Partners, and highlighted ongoing challenges in retail sales despite improvements in healthcare segments.