Tag: Earnings
Delta posts $1.2 billion loss says it’s flying into recovery
Delta Air Lines lost $1.2 billion in the first quarter but executives said Thursday that the airline could be profitable by late summer if...
A year after stocks soared, CEOs must show it was warranted
NEW YORK — It's time to show the receipts, CEOs.
For...
UK supermarket giant Tesco sees profit dented by COVID costs
LONDON — Tesco, Britain's biggest supermarket, said Wednesday its profits slid by a fifth over the past year as higher costs related to the...
Profits at Goldman Sachs surge in 1Q, helped by trading
NEW YORK — Investment bank Goldman Sachs saw its profits nearly quintuple in the first quarter, driven by a massive surge of revenue from...
Wells Fargo profit jumps to $4.74 billion in first quarter
Wells Fargo & Co. says first-quarter net income jumped to $4.74 billion from $653 million a year earlier, when the pandemic struck the global...
Wells Fargo earned $4.74 billion in Q1, topping estimates
SILVER SPRING, Md. — Wells Fargo had its best quarter in a year and a half, posting a profit of $4.74 billion and freeing...
Banks to see big profits as COVID ‘bad’ loans become ‘good’
NEW YORK — The nation’s largest banks are expected to report big profits for the first quarter amid renewed confidence that pandemic-battered consumers and...
Musk statement on Tesla production raises questions
DETROIT — Tesla CEO Elon Musk is once again drawing scrutiny for questionable comments he made to Wall Street analysts, this time involving the...
Virus knocks 80% off Atlantic City casino profits in 2020
ATLANTIC CITY, N.J. — The coronavirus outbreak sent profits plunging at Atlantic City's casinos by more than 80% last year, according to figures released...
Ryanair sees break-even earnings amid slow COVID-19 recovery
LONDON — Ryanair, Europe’s biggest discount airline, says earnings for the current fiscal year are likely to be “close to breakeven” as continued travel...