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Warner Bros. Cuts Profit Outlook as Hollywood Strikes Drag On
Business

Warner Bros. Cuts Profit Outlook as Hollywood Strikes Drag On

It is now targeting full-year adjusted earnings, before interest, taxes, depreciation and amortization, of $10.5 billion to $11 billion, down by $500 million. Source link

Dick's Sporting Goods Blames Theft for Profit Woes
Business

Dick's Sporting Goods Blames Theft for Profit Woes

The retailer’s second-quarter earnings fell short of expectations and it incurred a fresh round of severance expenses from recent job cuts. Source link

Amazon Delivers Surprisingly Strong Profit
Business

Amazon Delivers Surprisingly Strong Profit

The earnings report shows strong growth in consumer e-commerce, balancing out a continued slowdown in cloud-computing sales. Source link

Bud Light Boycott Sparks Big U.S. Profit Drop for AB InBev
Business

Bud Light Boycott Sparks Big U.S. Profit Drop for AB InBev

The brewing giant lost market share after the Dylan Mulvaney debacle, but it says consumers remain favorable toward Bud Light. Source link

Uber Delivers First-Ever Operating Profit
Business

Uber Delivers First-Ever Operating Profit

The company’s ride-hailing and delivery businesses grew as efforts to stem losses bore fruit. Source link

BP Profit Declines More Steeply Than Peers'
Business

BP Profit Declines More Steeply Than Peers'

Second-quarter earnings fell almost 70% from a year-ago bonanza. The London-based oil major boosted its dividend and continued to buy back shares. Source link

Intel Returns to Profit as PC Rebound Lifts Chip Demand
Business

Intel Returns to Profit as PC Rebound Lifts Chip Demand

The chip maker’s earnings surprise Wall Street after two consecutive quarters of record losses. Source link

Weaker Energy Prices Temper Shell's Profit, but Not Cash Payouts for Investors
Business

Weaker Energy Prices Temper Shell's Profit, but Not Cash Payouts for Investors

The oil major boosted its dividend and added a $3 billion buyback in its first quarterly results release since its new CEO unveiled a strategic