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World Wrestling Entertainment, Bed Bath & Beyond, Tesla, Costco

CFO News Room

World Wrestling Entertainment — Shares advanced 9.7% Bed Bath & Beyond — The retailer dropped 12.4%, building on the sharp losses seen Thursday, after management said the company is low on cash and considering bankruptcy. Shares dropped 14% premarket, after posting a 42% loss Thursday.

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A Business Upended: Streaming disrupts the Entertainment Business!

Musings on Markets

The recent troubles in entertainment, though, reflect a longer term disruption that has occurred in the business, with the rise of streaming as an alternative to the traditional platforms for movies and television shows. With Apple TV+ and Amazon Prime, the game is even more difficult to gauge.

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Disney, Meta Platforms, Lucid Motors, Roblox and more

CFO News Room

Disney — Shares of the media giant slid more than 11% after the company’s quarterly results missed Wall Street expectations on revenue and profit, as both its parks and media divisions underperformed estimates. AMC Entertainment — Shares dropped 9.8% Check out the companies making headlines in midday trading.

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Ministry of Corporate Affairs approves Zee Ent's extension request for AGM

CFO News

The Ministry of Corporate Affairs has approved Zee Entertainment's request to extend the date for its Annual General Meeting for the accounting year ending March 31, 2024. The company reported a net profit of Rs 13.35 crore for the quarter, compared to a loss of Rs 196 crore last year.

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World Wrestling, Bed Bath, Costco

CFO News Room

World Wrestling Entertainment — The wrestling entertainment stock surged nearly 17% after WWE announced that founder Vince McMahon is returning to its board of directors and that the company is exploring strategic moves. Silvergate Capital — Shares of the crypto-focused bank fell 2.6%, adding to its 42% loss from the previous day.

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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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Walgreens, Coinbase, Duolingo, Ralph Lauren

CFO News Room

Duolingo – Shares of the foreign language learning platform lost 10% after the company reported revenue below expectations while also posting a smaller-than-expected quarterly loss. Imax — Shares of the entertainment company traded up 5% after Wedbush named Imax one of its best ideas. Duolingo also bumped its full-year outlook.