All articles tagged with #profit loss
Originally Published 27 days ago — by The New York Times
Ford Motor is reducing its electric vehicle production plans and will incur a $19.5 billion loss, due to overestimating demand for EVs and underestimating the durability of gasoline and diesel vehicles, influenced by policy changes and market shifts.
Originally Published 5 months ago — by CNBC
Stellantis reinstates its financial outlook amid a challenging year marked by a first-half net loss of 2.3 billion euros, but anticipates gradual improvement in revenues and profitability in the second half, despite ongoing trade tariff uncertainties and tough market conditions.
Originally Published 2 years ago — by CNBC
Several retailers have reported that shrink, or inventory losses due to factors like theft, damage, and fraud, is impacting their profits. While some companies have provided more detail on the extent of shrink, others have been vague in their explanations. Overall, shrink losses are generally in line with the industry standard of 1% to 1.5% of sales and are overshadowed by other factors such as excessive discounting and promotions. Some experts suggest that certain retailers may be using shrink as an excuse to divert attention from other operational challenges. Companies that disclose shrink numbers and actively work to address the issue demonstrate a better understanding of the problem.
Originally Published 2 years ago — by Markets Insider
Banks and mortgage subsidiaries lost an average of $301 per mortgage financed in 2022, marking the first negative profit recorded by the Mortgage Bankers Association. The decrease in housing activity, high mortgage rates, and limited housing supply have led to a decline in business and increased costs of financing a loan. This has resulted in a 113% decrease from last year's average income of $2,339 per mortgage. Experts warn that the US housing market could see a significant correction as the shrinking demand leads to a drop in home prices.