Tag: earnings
Losses in China lead to $5Bn charge for General Motors as it cuts assets value
DETROIT -- The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring...
Warren Buffett is sitting on over $325 billion cash as Berkshire Hathaway keeps selling Apple stock
OMAHA, Neb. -- Warren Buffett is now sitting on more than $325 billion cash after continuing to unload billions of dollars worth of...
Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI
LOS ANGELES -- LOS ANGELES (AP) — Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates, sending the company's...
Reddit's explosive user growth and AI tools help it soar to its first profit as a public company
NEW YORK -- Reddit has turned a profit for the first time as a public company. The social platform claimed a profit of...
Security tech company Evolv investigates sales misconduct, warning recent financials are unreliable
NEW YORK -- NEW YORK (AP) — Evolv is warning its shareholders to no longer rely on recent financial statements, as the security...
Union Pacific's profit grows 9% as the railroad delivers more but results fall short of Wall Street
OMAHA, Neb. -- Union Pacific's third quarter profit grew 9% as West Coast imports surged and drove the railroad's total volume up 6%.The...