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Meta, Amazon, Snap, Pinterest: What to Watch in the Stock Market Today

CFO News Room

Technology shares are leading losses after Facebook parent Meta Platforms surprised investors with a bigger-than-expected profit drop. billion profit in the recent quarter. Eli Lilly reported quarterly profit and revenue that beat forecasts. Apple and Tesla were also down. ConocoPhillips reported a $2.6 Chart of the Day.

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White House Sees Hearing Aids as Chance to Lower Prices Through More Competition

CFO News Room

At present, just four manufacturers control 84% of the hearing-aid market, according to the Open Markets Institute, a think tank critical of corporate concentration. Has corporate concentration raised prices for you? The reason, analysts say, is federal and state rules that compel manufacturers to sell through medical professionals.

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Deutsche Bank Posts $924M Loss As Restructuring Continues

PYMNTS

Germany’s Deutsche Bank reported a net loss below market expectations amid a restructuring plan that includes about 18,000 layoffs, The Wall Street Journal (WSJ) reported Wednesday (Oct. The lender reported a net loss of $924 million (832 million euros) for the third quarter of 2019. percent drop in the closing share price.

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How to mitigate insolvency risk

Future CFO

Declining profitability: For example, are your sales lower or your cost of goods sold higher? Poor interest coverage ratio: This shows operating profits may not be able to cover interest expenses. Shorten your supply chains and avoid concentration in one geographic region. Weakened balance sheet.

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10 Tuesday AM Reads

Barry Ritholtz

New York Times ) see also Retailers Lobby: “We Lied About Organized Theft” The claim that organized retail crime accounted for “nearly half” of inventory losses was false, but it’s also an indictment of modern media. Wired ) • Greedflation: corporate profiteering ‘significantly’ boosted global prices, study shows.

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How to Read Your Income Statement

CFO Simplified

What is the biggest profit that we have?”. If you’re spending most of your time concentrating on sales for an item that’s only getting a 5% gross margin, and you have other items that you’re earning a 35% gross margin on (but are not promoting them), it’s likely you’re putting your money in the wrong place. “I

CFO 97
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A Key Task for Finance – Measuring and Managing Customer Profitability

Planful

To remain competitive, companies must determine how to keep customers longer, grow them into bigger customers, make them more profitable, serve them more efficiently, and acquire more profitable customers. Companies need to not just increase market share and grow sales but to grow profitable sales. That gap needs to be closed.