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Earnings Surprises
American Airlines Cuts Profit View as Pilots’ Contract Weighs on Bottom Line
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Roblox Shares Drop After Videogame Platform Misses Expectations
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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
Uber Delivers First-Ever Operating Profit
The company’s ride-hailing and delivery businesses grew as efforts to stem losses bore fruit. Source link
P&G Earnings Show Its Pricing Power Endures
Consumers were still paying more for premium brands including Tide, boosting quarterly sales even as volumes dropped. Source link
Exxon and Chevron Stalk More Shale Deals as Profits Dip
The oil giants together added $14 billion in profits to their cash piles and have signaled they’re not finished shopping for potential acquisitions. Source link
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
Facebook Parent Meta Expected to Report Sales Growth as Turnaround Continues
The social-media giant has seen a surge after cutting costs and improving ad-targeting. Source link
Boeing Reports $149 Million Loss as Defense Charges Pile Up
The aerospace giant said it is increasing jetliner production as planned while reducing its debt. Source link
Snap Revenue Falls Amid Efforts to Retool Advertising Business
The owner of Snapchat reported progress in the overhaul of its ads platform but offered a cloudy outlook for the current quarter. Source link