PYMNTS

JUNE 17, 2020

bank profits took a hit of 69.6 percent in profits in the first quarter of the year compared to the same time last year, according to Reuters. The profits only hit $18.5 billion as the coronavirus pandemic continued to cause lenders to write off delinquent debt and horde billions to prevent more losses later on.

Profit and Loss 81

Profit and Loss Banking Economics Numbers 81

Barry Ritholtz

NOVEMBER 4, 2023

He is the author of Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall. His research found that there have been huge losses through scams and hacks. 5% makes Tether one of the world’s most profitable companies. Today, it’s trading at $0.069, down >99%. trillion in client assets. _

Numbers 75

Numbers Profit and Loss Treasury Accounting 75

CFO News Room

NOVEMBER 4, 2022

Check out the companies making the biggest moves midday: Starbucks — The Seattle-based coffee company jumped nearly 9% after reporting quarterly profit and revenue that topped expectations. Block — Shares jumped 10% after the mobile payments company surpassed profit and sales expectations in its third-quarter results.

Profit and Loss 130

Profit and Loss Forecasting Sales Economics 130

Barry Ritholtz

DECEMBER 11, 2023

billion in retail inventory losses in 2021 was not “attributable to organized retail crime.” retailers retracted its claim that “organized retail crime” accounted for nearly half of all inventory losses in 2021 after finding that incorrect data was used for its analysis.” No, “ nearly half ” of $94.5

Retail 141

Retail Profit and Loss Forecasting Accounting 141

PYMNTS

MARCH 26, 2020

Hotel chain Oyo , which became one of the largest chains by offering hotel owners guaranteed revenues for carrying the brand, will phase out that incentive in a push to find profitability, according to a report by The Wall Street Journal. The company is based in India and backed by investment giant SoftBank Group.

Profit and Loss 60

Profit and Loss Numbers Investments 60

CFO News Room

JANUARY 8, 2023

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. Silvergate Capital – The crypto-focused bank added to its Thursday losses following a downgrade from JPMorgan to neutral from overweight.

Entertainment 130

Entertainment Profit and Loss Sales Retail 130

PYMNTS

JUNE 23, 2020

The number of small U.S. companies not turning a profit has reached an unfortunate historic high due to the coronavirus pandemic, the Financial Times reports. The Russell 2000 index shows 42 percent of small-caps are either just breaking even or operating a loss. Nicholas Bohnsack , president of U.S. percent from normal.

Profit and Loss 70

Profit and Loss Healthcare Numbers Securities 70

PYMNTS

JULY 28, 2020

bank profits are at double the risk for loan losses than their European counterparts, according to the Financial Times on Tuesday (July 28). According to consultants with Accenture , European banks are already preparing to follow American ones in massive second-quarter loan loss reporting related to the pandemic. Swiss and E.U.

Profit and Loss 60

Profit and Loss Banking Numbers Accounting 60

PYMNTS

FEBRUARY 26, 2020

Klarna, a Swedish FinTech that allows customers to pay for items through installments, has posted its first annual loss after years of being profitable, according to a report by CNBC. . The company reported a loss of $113 million ( 1.1 This is the first time the company has had a loss since it was founded 15 years ago.

Profit and Loss 52

Profit and Loss Finance Startups Retail 52

PYMNTS

AUGUST 12, 2020

Both firms have been hit hard by COVID-19 and have seen their ridership numbers plummet as a result. Rides would be more expensive, which would significantly reduce the number of rides people could take and, in turn, the number of drivers needed to provide those trips. What happens now? Uber would not be as widely available.”.

Numbers 88

Numbers 88

PYMNTS

AUGUST 3, 2020

HSBC, Europe’s biggest bank, has seen its profits plunge in the first six months of 2020, squeezed by low interest rates and the COVD-19 pandemic, The Telegraph reported. billion, six times the number of defaulted loans last year as layoffs have hurt customers’ ability to repay debt. Pre-tax profits fell to $4.3

Profit and Loss 56

Profit and Loss Banking Securities Numbers 56

Barry Ritholtz

OCTOBER 7, 2024

In a nutshell, the usual suspects’ heads exploded well before the legislation even took effect, claiming it would lead to widespread devastation in the fast food space: job losses, restaurant closures, extreme price hikes, etc. Its numbers are fake. It began with some shoddy reporting at the Wall St. These effects are benign.

Profit and Loss 116

Profit and Loss Forecasting Economics Numbers 116

PYMNTS

APRIL 13, 2020

As reported by the Financial Times over the weekend, joint estimates by Oliver Wyman and Morgan Stanley predict that even with rapid economic recovery seen within six months, profits would decline by 100 percent in 2020 as compared to 2019. With sheltering in place, we can expect that digital means of transacting and banking will gain ground.

Banking 124

Banking Profit and Loss Sales Communication 124

CFO News Room

DECEMBER 24, 2022

A new merchandising leader undertook a review of brand profitability and saw that the company was actually losing money on its La Perla sales. The company debated whether it was worth carrying a brand that consistently created losses. What do these two examples have in common? What is a Customer-Base Audit?

Profit and Loss 130

Profit and Loss Auditing Planning Sales 130

PYMNTS

AUGUST 30, 2020

With profits and margins at all-time lows, the U.S. Profits, the report found, were around $18 billion across both the first two quarters this year — a massive downward trend from the near $55 billion from 2019. The biggest banks put away around $33 billion in anticipation of loan losses , including J.P. percent a year prior.

Profit and Loss 82

Profit and Loss Banking Numbers Risk Management 82

CFO News Room

JANUARY 27, 2023

Intel — The chipmaker saw its shares drop nearly 7% after its latest financial results missed analysts’ estimates and showed significant declines in the company’s sales, profit and gross margin. The company also forecasted a loss for the current quarter.

Profit and Loss 130

Profit and Loss Forecasting Manufacturing Marketing 130

CFO Simplified

AUGUST 14, 2022

It will take a number of months to show them that you’ve changed the way you’re working with them and that things are going to be better going forward. You don’t want to be showing a large profit one month and a large loss the next month—even if over a period of time that balances itself out.

Banking 98

Banking Profit and Loss Financial Reporting CFO 98

Musings on Markets

NOVEMBER 1, 2023

First, when you see significant disagreements about what Tesla is worth, those differences come from divergent stories, not disagreements about numbers. I profited mightily on that investment, but I sold too soon , when Tesla's market capitalization hit $150 billion, and just before COVID put the company on a new price orbit.

Valuation 118

Valuation Profit and Loss Numbers Sales 118

PYMNTS

SEPTEMBER 13, 2020

A merger “could significantly accelerate both Grab and Gojek’s paths to profitability,” Asad Hussain, an analyst at PitchBook Data, a Seattle-based research company, told FT. This is about a number of long-term influential shareholders in both companies who want to either stem the losses or find a way to exit their investments.”.

Profit and Loss 111

Profit and Loss Management Consulting Startups Investments 111

PYMNTS

AUGUST 7, 2020

Uber reported a net loss of a whopping $1.78 billion during Q2 2020, a decline from Q2 2019’s net loss of $5.24 Uber’s show loss of $1.02 Uber’s show loss of $1.02 The most interesting and discussed numbers, however, were in Uber’s ride-booking and delivery figures during the quarter. per-share deficit.

Profit and Loss 101

Profit and Loss Forecasting Numbers Marketing 101

PYMNTS

OCTOBER 22, 2020

The pandemic had further cut into the bank's already dwindling profits, Reuters writes, and chief executive Noel Quinn said the cuts were necessary to help HSBC profits improve. Pre-tax profits fell to $4.3 billion, which was almost two-thirds lower than what it was the previous year.

Profit and Loss 91

Profit and Loss Restructuring Banking Economics 91

PYMNTS

OCTOBER 30, 2020

Sportswear giant Under Armour reported a third-quarter profit of $38.9 Patrik Frisk, president and CEO of Under Armour, told The Baltimore Sun that the company is focused on returning to profitability and is planning to invest in eCommerce and company-owned retail outlets. . The deal is valued at up to $345 million.

Sales 87

Sales Profit and Loss eCommerce Retail 87

CFO News Room

JANUARY 7, 2023

after it reported solid sales numbers for December. Silvergate Capital — Shares of the crypto-focused bank fell 2.6%, adding to its 42% loss from the previous day. R1 RCM — Shares of the health-care technology firm soared 10.2% after the company raised its revenue outlook for 2023. Costco posted net sales of $23.8

Entertainment 130

Entertainment Profit and Loss Valuation Manufacturing 130

PYMNTS

JULY 2, 2020

Bezos noted that the added costs for the eCommerce giant will likely equal the amount of money Amazon would have expected to have earned profits in typical times.

Retail 52

Retail eCommerce Finance Sales 52

PYMNTS

JANUARY 23, 2020

The real estate company has also been gradually selling off shares in its side ventures as it tries to maximize its profits. WeWork’s minority stake in The Wing was sold to a number of entities acting as a consortium, including GV, the venture arm of Alphabet, and other venture firms, Sequoia Capital and New Enterprise Associates.

Profit and Loss 52

Profit and Loss Startups Education Sales 52

Fpanda Club

JULY 24, 2022

They tend to avoid losses and prefer to keep the things as they are rather than invest in risky innovation. If project teams already know what numbers should be reached to win the funding, there is no need to randomly “play” with assumptions to figure out the acceptable set of parameters.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Profit and Loss Benchmarking Valuation 130

PYMNTS

APRIL 8, 2019

The latest estimates from the Small Business Administration (SBA) peg the number of new SMBs at 414,000 each year, spurring job creation and economic growth for the country, with millennial entrepreneurs at the helm. Yet, once a company starts to churn a profit, business owners rarely consider their strategy of an eventual exit or sale.

Profit and Loss 111

Profit and Loss Accounting Financial Data Valuation 111

PYMNTS

FEBRUARY 6, 2020

Though Grubhub confirmed it had been meeting with financial advisors to explore a number of possibilities, including acquisition, a spokesperson asserted that “there is unequivocally no process in place to sell the company, and there are currently no plans to do so.”. The firm reported an adjusted earnings loss of $4.2 during 2019.

Profit and Loss 84

Profit and Loss Forecasting Sales Marketing 84

CFO News Room

JANUARY 19, 2023

These protections help safeguard investors’ funds and securities in the event of a brokerage firm’s failure or other financial losses. In addition to this protection, Robinhood has implemented measures to monitor suspicious activity and protect users from financial loss due to fraudulent activity. Is Robinhood Safe to Use?

Profit and Loss 130

Profit and Loss Securities Nonprofit Investments 130

The Charity CFO

MARCH 24, 2022

Fraud losses in the charitable industry destroy an organization’s reputation, future financing opportunities, and capacity to carry out its mission. They lacked evidence to explain a significant spike in the number of community locations Feeding Our Future claimed to support. . 3 Common Types of Fraud in Non-profits .

Nonprofit 98

Nonprofit Profit and Loss Auditing Leadership 98

PYMNTS

NOVEMBER 17, 2020

But a China-based analyst told the Financial Times that while the Chinese were frequent shoppers of agricultural goods, which would help boost Pinduoduo’s user numbers, the business was low-margin. Despite being one of China’s largest shopping platforms, Pinduoduo has yet to turn a profit. In March, Pinduoduo said it raised $1.1

Profit and Loss 90

Profit and Loss Manufacturing eCommerce Investments 90

CFO Simplified

MAY 1, 2022

Here’s how to make sense of the mirage of numbers on an income statement and balance sheet. There are four key numbers you need to take a look at. And what’s important about each of these numbers? What is the biggest profit that we have?”. The Four Most Important Figures to Look At. Gross margin. Operating expenses.

CFO 97

CFO Profit and Loss Sales Concentration 97

Global Finance

AUGUST 13, 2024

The bank’s profit is determined beforehand and the selling price cannot be increased once the contract is signed. Mudarabah or profit share: An investment in which the bank provides 100% of the capital intended for the creation of a business. The customer acquires the item at the end of the lease contract. That was before COVID 19.

Finance 78

Finance Profit and Loss Banking Investments 78

Musings on Markets

DECEMBER 10, 2023

We will end with a discussion of how enterprises try, with mixed effects, to build protections against the loss of key personnel. and that effect, as I have noted in my earlier discussions of narrative and numbers, can be all encompassing. Who is a key person?

Valuation 118

Valuation Profit and Loss Entertainment Investments 118

PYMNTS

NOVEMBER 17, 2020

This overwhelming reliance on smartphones has generated record profits for major telecommunications companies, including AT&T , Sprint and Verizon , with the industry generating $610 billion in revenue in 2019. Telecommunications companies face a number of challenges in their day-to-day operations, however.

Profit and Loss 107

Profit and Loss Numbers Securities Accounting 107

The Charity CFO

JANUARY 17, 2022

The basic accounting principles for nonprofit organizations are the same as accounting for for-profit companies. . How it works in real-life: Let’s say you host a fundraiser in September that generates a significant number of donations. You would show a large “gain” in September and large “losses” in October and November.

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

CFO Talks

NOVEMBER 20, 2024

Missing a deadline isn’t just embarrassing; it can lead to penalties, delisting threats, or a loss of investor confidence. How do you explain to investors why your profits appear strong in one currency but less so in another? Lessons for CFOs Being a CFO for a cross-listed company is about more than just numbers; it’s about strategy.

IFRS 98

IFRS GAAP Currencies CFO 98