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corporate earnings

  • AMC quarterly loss grows to $900M amid pandemic

    AMC quarterly loss grows to $900M amid pandemic

    November 02, 2020 | 06:41pm

    AMC Entertainment’s third-quarter loss widened to more than $900 million as it to get pummeled by the economic fallout from the coronavirus. The nation’s largest movie theater chain, which
  • Apple’s iPhone 12 delay knocks more than $100 billion off market cap

    Apple’s iPhone 12 delay knocks more than $100 billion off market cap

    October 30, 2020 | 10:41am

    Apple’s decision to not give any iPhone 12 sales guidance during its Thursday earnings call cost it $100 billion. Shares of Apple are down more than 5 percent since it reported its fourth
  • Alphabet stock surges as Google ad revenues roar back

    Alphabet stock surges as Google ad revenues roar back

    October 30, 2020 | 09:27am

    Google parent Alphabet's stock price surged early Friday as the search giant's advertising revenues recovered from a coronavirus-fueled collapse.
  • Twitter shares plummet after user growth falls short

    Twitter shares plummet after user growth falls short

    October 30, 2020 | 08:02am

    Twitter’s stock price plunged in premarket trading Friday as the social network added far fewer users than Wall Street expected in the third quarter. The San Francisco-based tech giant’s
  • Facebook revenues beat forecasts as advertisers return from boycott

    Facebook revenues beat forecasts as advertisers return from boycott

    October 29, 2020 | 05:28pm

    Another grilling on Capitol Hill, another pile of profits.Facebook walloped Wall Street’s forecasts with strong profits on Thursday, as advertisers returned to the platform in full force
  • Apollo’s Leon Black says giving Epstein a second chance was ‘a terrible mistake’

    Apollo’s Leon Black says giving Epstein a second chance was ‘a terrible mistake’

    October 29, 2020 | 05:24pm

    Apollo Global Management CEO Leon Black said Thursday that giving Jeffrey Epstein a second chance following the late financier’s imprisonment in 2008 for soliciting an underage prostitute in
  • Surge in online sales at Taco Bell helps Yum beat quarterly results

    Surge in online sales at Taco Bell helps Yum beat quarterly results

    October 29, 2020 | 01:16pm

    Yum Brands, parent of fast-food giants KFC, Taco Bell and Pizza Hut, posted a smaller-than-expected drop in comparable sales and beat profit estimates Thursday, helped by strong online sales at its
  • Spotify touts ‘full recovery’ from COVID-19 fallout with subscription growth

    Spotify touts ‘full recovery’ from COVID-19 fallout with subscription growth

    October 29, 2020 | 12:34pm

    Spotify said it has rebounded from the slump it suffered at the height of the coronavirus pandemic as it continued to add subscribers.The Swedish streaming giant’s chief executive Daniel Ek
  • Comcast feels sting of pandemic as theme parks, movie studio squeezed

    Comcast feels sting of pandemic as theme parks, movie studio squeezed

    October 29, 2020 | 10:39am

    Comcast saw a 19 percent drop in third-quarter revenue at its NBCUniversal unit as the coronavirus continued to wreak havoc on its theme parks and movie business.The Philadelphia-based cable giant
  • Glove maker’s profits spike 417 percent thanks to coronavirus

    Glove maker’s profits spike 417 percent thanks to coronavirus

    September 18, 2020 | 02:33pm

    The world’s largest producer of disposable gloves saw its profits explode as the coronavirus pandemic sparked a worldwide hand-hygiene frenzy. Malaysia-based Top Glove posted after-tax profits of about $459 million in its last fiscal year — a massive, 417-percent spike from the prior year — thanks to “a global surge in demand for gloves on …
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