Tencent Slashes Meituan Stake Worth $20 Billion, Posts Revenue Drop
BusinessEarningsChinese social-media giant plans to distribute food-delivery company’s shares as special dividend to Tencent shareholders Source link
corpearnings
Home Depot Sales Up 5.6% in Third Quarter
BusinessEarningsHome-improvement retailer logs logs higher sales despite fewer transactions Source link
Disney Shares Slide as Streaming Losses Balloon
BusinessEarningsDeclines in streaming more than doubled in the recent quarter but have reached their peak, says CEO Bob Chapek Source...
Lyft Shares Slide After Disappointing Revenue and Ridership Numbers
BusinessEarningsThe number of people using the ride-sharing app rose less than analysts had been predicting Source link
Frackers Say Oil Production Slowing in the Shale Patch
U.S. oil-and-gas companies offer little relief for tight global market. Source link
Peloton’s Quarterly Sales Fall Again but Losses Narrow
BusinessEarningsCompany predicts revenue could drop 37% in holiday quarter, with CEO saying turnaround is ahead of schedule Source link
Pfizer, Uber and Starbucks Highlight Another Busy Earnings Week
Pfizer Inc., PFE 3.69% Uber UBER -1.15% Technologies Inc. and Starbucks Corp. SBUX 2.13% are among the heavyweights headlining another...
Amazon Shares Skid After It Gives Weak Outlook Amid Recession Fears
With demand slowing, Amazon has been subleasing millions of square feet of excess warehouse space. Photo: Sebastian Hidalgo for The...
Shell, Awash With Cash, to Boost Dividend, Share Buybacks
LONDON— Shell SHEL 0.95% PLC said it plans to boost its dividend and buy back another $4 billion of its...
Facebook Parent Meta’s Earnings Fall Short as Revenue Decline Accelerates
Facebook parent Meta Platforms Inc. META -5.59% posted its second revenue decline in a row, as the social-media giant wrestles...
UPS Earnings Rise as Higher Prices Offset Shipping Slowdown
United Parcel Service Inc.’s profit climbed in the third quarter despite a downtick in shipping volumes as higher prices buoyed...
Snap Stock Slumps Premarket as Sales Growth Shrinks, Advertisers Cut Spending
Snap, SNAP -0.64% in an investor letter Thursday, said it is operating on an assumption of no revenue growth this...
Union Pacific Profit Rises 13% as Railroads Benefit From Higher Freight Rates
Higher prices and strong demand from customers helped lift profits for major railroad operators in the most recent quarter, though...
Travel Demand Remains Strong, Airlines Say
The pandemic-related travel boom shows little sign of tapering off, despite persistent inflation and a murky economic outlook, airlines say....
Tesla Cuts 2022 Vehicle-Delivery Target Though Says Demand Remains Strong
The company expects to “sell every car that we make for as far into the future as we can see,”...
Tesla Poised for Near-Record Earnings as Demand Concerns Loom
Elon Musk’s electric-vehicle maker so far has brushed off worries about weakening demand. Strong vehicle pricing is forecast to have...
Netflix Gains 2.4 Million New Subscribers, Reversing Trend
Netflix Inc. NFLX -1.73% snapped back to subscriber growth in the third quarter, giving the streaming giant a jolt as...
Lockheed Martin Constrained by Supply Chain
Lockheed Martin Corp. LMT 4.71% said it is still grappling with parts and labor shortages, denting its hopes of increased...
Walgreens Quarterly Sales Fall on Fewer Prescriptions, Covid-19 Vaccinations
Walgreens Boots Alliance Inc. WBA 5.35% said it is counting on its burgeoning healthcare business to fuel profit growth in...
