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Facebook’s Shares Plunge After Profit Decline

CFO News Room

startled investors with a sharper-than-expected decline in profits and a gloomy outlook in its first earnings report since Chief Executive. and Canada, two of the company’s most profitable markets, the results show. billion profit for the fourth quarter, below analyst expectations of $10.9 Facebook parent. Meta Platforms Inc.

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A business owner’s guide to understanding and working with the profit and loss statement [Part 2/4]

Creative CFP

The profit and loss statement (or P&L in accounting jargon) is arguably the central management statement for most SMEs, recording the majority of operational activities over any period of time, usually monthly. From the profit and loss statement a revenue-to-salaries ratio can be determined.

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Rite Aid, Nike, Six Flags and more

CFO News Room

Rite Aid — Shares of Rite Aid dropped nearly 14% in midday trading after the pharmacy operator reported a quarterly loss, though a smaller-than-expected one, and lowered its full-year financial guidance citing seasonal markdowns among other issues. related investing news.

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Tapestry, WeWork, Rivian and others

CFO News Room

Nio (NIO) – The China-based electric car maker posted a wider-than-expected quarterly loss, but said it expected deliveries to nearly double in the current quarter from a year ago. in the premarket after it reported a wider-than-expected quarterly loss. Nio shares jumped 5.5% in premarket trading. However, it rebounded to a 2.9%

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How Google (Alphabet) Makes Money

CFO News Room

The company offers a variety of software and Internet-related services and solutions, including web browsing and searching, cloud computing, streaming entertainment, mobile operating systems and applications, and more. Corporate costs also include hedging gains (losses) related to revenue. However, that loss was smaller than the $1.2

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Abercrombie & Fitch, Disney, Best Buy, Zoom and more

CFO News Room

Abercrombie & Fitch – Shares of the retail stock jumped 19% after the apparel retailer beat Wall Street’s revenue forecasts for the third quarter and posted unexpected quarterly profit. related investing news. Disney – The entertainment titan dropped 2.8% Dick’s raised its full-year financial forecast as well.

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Amazon Expects To Expend All Of Q2’s Profit Fighting COVID-19

PYMNTS

Still, that outcome marks the first time AWS has topped the $10 billion mark when it comes to revenue, pushed by the massive upswing in cloud service use as consumers have begun both working from home and netting most of their entertainment via the web. That pick-up, however, will be offset largely by an operating loss range of $1.5