Airbnb Revenue Climbs on Record Nightly Bookings and Higher Prices
By Preetika RanaUpdated May. 3, 2022 7:11 pm ETAirbnb said it expects to post its first full-year net profit this...
Earnings Surprises
BP Takes $25.5 Billion Hit From Russia Exit
BP BP 0.49% PLC took a $25.5 billion pretax accounting charge related to its decision to exit its Russia holdings,...
Moderna Beats Profit Estimates, Fueled by Covid-19 Vaccine Sales
Moderna Inc. posted better-than-expected profits for the last three months of 2021 as the company’s Covid-19 vaccine continued to power...
Disney’s Earnings Show Rebound in Disney+, Parks Businesses
Walt Disney Co. DIS 3.33% regained momentum in subscription growth for its flagship Disney DIS 3.33% + streaming service and...
Abbott’s Rapid Covid-19 Tests Boost Quarterly Sales Growth
Abbott Laboratories, ABT -2.53% one of America’s largest producers of rapid tests for Covid-19, said that testing-related sales were $2.3...
Roku Shares Fall 8% After Hours on Slower Account Growth
Roku Inc. reported a slowdown in new active accounts for its streaming services in the latest quarter and guided for...
Samsung Posts Record Quarterly Revenue From Chip Boom
SEOUL— Samsung Electronics Co. reported record quarterly revenue and saw net profit grow by 31% on the back of booming...
GE’s Profits Rise but Sales Miss Forecasts
General Electric Co. GE 1.20% reported stronger profits as cost cutting offset lower-than-expected sales of its industrial equipment in the...
Chipotle’s Profit More Than Doubles as Chain’s Burritos Get Pricier
Chipotle Mexican Grill Inc. said higher menu prices helped boost its profit as the burrito chain deals with increased labor...
Peloton Slashes Price on Exercise Bike, Predicts Slowing Growth
Peloton Interactive Inc. on Thursday lowered by 20% the price of its original stationary bike, a move that comes as...
Starbucks, Facing Higher Costs, Pushes Upscale Coffee
Starbucks Corp. said higher labor and supply costs are likely to linger for months, adding that it is promoting higher-end...
Apple, Amazon, Tesla Among the Giants Set to Post Results
Corporate giants from Apple Inc. to Visa Inc. are expected to report their financial results over the coming week, giving...
Samsung Electronics Expects 53% Increase in Operating Profit
SEOUL— Samsung Electronics Co. expects a 53% rise in operating profit for the second quarter, lifted by strong demand for...
Zoom Reports Customer Growth in Latest Quarter, Raises Expectation
Zoom Video Communications Inc.’s ZM -1.15% customer count rose sharply and revenue almost tripled in the first quarter, signaling the...
Alibaba Posts First Loss Since Going Public After Antitrust Fine
Alibaba Group Holding Ltd. BABA -6.28% posted its first-ever quarterly loss since it went public after being hit by a...
Big Oil Companies Recover as Prices Rebound
Big oil companies returned to profitability during the first quarter as they recovered from the unprecedented destruction of oil-and-gas demand...
GE Posts Lower Sales, Loss on Restructuring Moves
General Electric Co. GE -1.84% reported lower revenue and a loss in its first quarter as the company’s jet-engine business...
Tesla, Apple and Amazon Headline a Heavy Earnings Week
More than a third of the S&P 500 are expected to report their quarterly results in the coming week, including...
Southwest, American Say Leisure Travel Rebounding as Summer Season Approaches
Major airlines this week reiterated confidence that the travel market, at least for leisure, is rebounding from the deep losses...
Samsung Electronics Expects Operating Profit Rose 44% in First Quarter
Samsung Electronics Co. said it expects a 44% increase in operating profit for the first quarter, topping expectations during a...
