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Fourth Quarter Earnings

All articles tagged with #fourth quarter earnings

business1 year ago

"Domino's Pizza: Growth Surge Fueled by Loyalty Program Revamp and Uber Eats Deal"

Domino's Pizza reported better-than-expected fourth-quarter earnings, with strong growth in carry-out and delivery transactions driving positive transaction growth. The company's partnership with Uber Eats is expected to bring even more growth in 2024. However, overseas expansion faces headwinds due to a global economic slowdown and negative sentiment for Western brands, particularly in countries like France. Despite international challenges, Domino's is focusing on leveraging its tech dominance and digital sales to drive continued momentum in the US market.

via Yahoo Finance|
#business#digital-sales#dominos-pizza
business1 year ago

"Walmart's Strong Q4 Earnings and Vizio Acquisition Drive Stock Surge"

Walmart reported a 4 percent increase in comparable store sales in the fourth quarter, with a 17 percent rise in online U.S. sales and a 23 percent jump in global online sales, surpassing $100 billion. The number of transactions rose 4.3 percent, but the average ticket price slightly decreased by 0.3 percent, indicating that shoppers spent a little less on shopping trips. The retailer's losses for the e-commerce business were slowing as it spends less on fulfillment costs, and more customers were using Walmart's delivery services, helping reduce costs.

via The New York Times|
#business#e-commerce#fourth-quarter-earnings
business-technology1 year ago

"Instacart Announces Layoffs and Share Buyback Amid Restructuring"

Instacart is laying off around 250 employees, or 7% of its workforce, as part of a restructuring to streamline operations and focus on key initiatives. The company also announced the departure of three executives and reported fourth-quarter revenues slightly below analysts' estimates. Instacart's CEO expressed confidence in the company's future prospects, emphasizing a strong consumer product and continued focus on profitable growth. This move comes amid a wave of layoffs in the tech industry, with several major companies making similar workforce reductions in recent weeks.

via TechCrunch|
#business-technology#fourth-quarter-earnings#instacart
business1 year ago

"Instacart Announces 7% Workforce Reduction in Restructuring Effort"

Instacart is laying off about 250 employees, or 7% of its workforce, as part of a restructuring that includes focusing on larger projects and creating a flatter organizational structure. The company also reported fourth-quarter earnings in line with analysts' estimates, leading to a 5% drop in its shares. Three top executives are departing for personal reasons, and the company will only backfill the Chief Technology Officer role. Instacart, which went public in September, has faced profitability challenges despite its growth during the Covid-19 pandemic.

via CNBC|
#business#fourth-quarter-earnings#gig-economy
financeeconomy1 year ago

"2023 Fourth-Quarter Earnings Surge Led by Tech, US Outperforms Europe"

Fourth-quarter corporate profits are exceeding expectations, with a nearly 8% rise in earnings growth for the season and 80% of S&P 500 companies beating estimates. Strong performances in the energy, healthcare, and tech sectors have contributed to this trend, resulting in a 7.8% growth rate in earnings per share, the highest of 2023. However, these positive figures follow a significant drop in earnings expectations, and the outlook for first-quarter and full-year 2024 earnings remains cautious as companies issue conservative guidance.

via CNBC|
#corporate-profits#earnings-season#economic-outlook
business-aviation2 years ago

Delta Air Lines Soars to $2 Billion Quarterly Profit, CEO Confident in Strong 2024 Outlook

Delta Air Lines reported a $2 billion profit in the fourth quarter, with record full-year revenue, but lowered its profit forecast for 2024. The airline plans to purchase 20 Airbus A350s and has options for 20 more, aiming to cater to high-end travelers. Despite a 7% drop in shares, Delta remains optimistic about travel demand and expects a strong 2024. The company's fourth-quarter net income more than doubled, driven by increased passenger revenue and spending on premium services, while facing challenges such as decreased revenue from its refinery and higher labor costs.

via ABC News|
#airplane-purchases#business-aviation#delta-air-lines
finance2 years ago

"Bank of America's Fourth-Quarter Earnings: Profit Decline and Stock Slide"

Bank of America's shares fell over 2% in premarket trading after reporting a more than 50% decline in fourth-quarter net income to $3.1 billion, with earnings per share at 70 cents compared to the expected 68 cents. The bank attributed the decrease to higher deposit costs and lower deposit balances affecting net interest income, despite CEO Brian Moynihan noting strong organic growth and record client activity. Bank of America's stock has seen a 1% decline this year following a modest 1.7% gain in 2023, underperforming its peers due to investments in low-yielding securities during the Covid pandemic.

via CNBC|
#bank-of-america#brian-moynihan#finance