All articles tagged with #net loss
CoreWeave exceeded revenue estimates in Q2 due to rising demand for AI cloud services, driven by AI inference needs, but reported a larger-than-expected net loss of $290.5 million, leading to a 10% drop in shares. The company is expanding its data center infrastructure and has increased its revenue forecast for the year.
Stellantis expects a net loss of approximately $2.7 billion in the first half of 2023 due to tariffs, higher industrial costs, and other charges, with a significant decline in vehicle shipments and revenue compared to the previous year.
Nio reported a 30% increase in net loss for Q1 2025, driven by higher R&D and marketing expenses, with revenue slightly below expectations. Despite delivering over 42,000 vehicles, the company faced rising costs and cash flow issues, but guided for significant growth in deliveries and revenue in Q2.
Trump Media & Technology Group reported a net loss of $19.25 million for Q3, an improvement from the $26.03 million loss in the same period last year. Revenue slightly decreased to $1.01 million from $1.07 million year-over-year, with a 23% decline over the past nine months. The earnings report coincided with Election Day, causing trading volatility in the company's stock.
GameStop Corp reported a decrease in net sales to $1.078 billion in Q3 2023 compared to $1.186 billion in the same period last year. However, the company saw a significant improvement in its net loss, which narrowed to $3.1 million from $94.7 million in the prior year's third quarter. GameStop's efforts to streamline operations resulted in reduced SG&A expenses and a strong cash position of $1.210 billion. The company's earnings filing indicates a focus on cost reduction and operational efficiency as it navigates the competitive video game industry.
The US Postal Service reported a net loss of $6.5 billion for the 2023 fiscal year, with revenue down 0.4% to $78.2 billion. The decline in revenue was attributed to a decrease in first-class mail volume, which fell to its lowest level since 1968. The Postal Service cited the impact of inflation on operating expenses as a significant factor in the financial results. Despite higher stamp prices, first-class mail volume decreased by 6.1% in 2023. The agency is currently implementing a 10-year restructuring plan to address predicted losses and has received financial relief of about $50 billion from the government.
Warren Buffett's Berkshire Hathaway reported a record cash pile of $157.2 billion at the end of the third quarter, surpassing the previous record set two years ago. The company also reported a deeper net loss due to the struggling stock market rally.
Beyond Meat reported a 15.7% decrease in Q1 revenues to $92.2 million, beating consensus estimates, and a net loss of 92 cents per share, which was better than expected. Gross margin improved to 6.7% from 0.2% YoY. The company expects full-year 2023 revenue to be in the range of $375 million to $415 million. Shares surged by 9.78% after hours.
Fox Corp, the parent company of Fox News, reported a net loss of $50 million in Q1 2023, following its $787 million settlement with Dominion Voting Systems. The company's total quarterly revenues increased by 18% to $4.08 billion. Fox Corp CEO Lachlan Murdoch defended the network's reporting and allegations made by former President Trump, but acknowledged the network's ouster of top-host Tucker Carlson, whose private communications were made public as part of the Dominion lawsuit.