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.

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CFO News Room

NOVEMBER 3, 2022

after the company reported a smaller-than-expected quarterly loss as well as revenue that topped analyst forecasts. UBS highlighted Tal’s strong topline beat and improved profitability outlook. after Royal Caribbean reported third-quarter earnings that beat profit and sales forecasts. per share loss.

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Profit and Loss Forecasting Education Sales 130

CFO News Room

NOVEMBER 10, 2022

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. Rivian (RIVN) – Rivian rallied 8.2%

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CFO News Room

FEBRUARY 3, 2022

Diversified conglomerate ITC on Thursday reported a 12.69% year-on-year (y-o-y) rise in its standalone net profit to Rs 4,156.20 crore net profit for the third quarter last fiscal. crore, while operating profit from the segment increased by 14.42% y-o-y at Rs 3950.71 crore, while the segment posted an operating profit of Rs 50.56

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CFO News Room

JANUARY 19, 2023

Alcoa’s adjusted fourth quarter loss was 70 cents per share, narrower than the 81 cent loss expected, according to StreetAccount. However, the company’s adjusted EBITDA — a profit metric that includes fewer expenses than net income — missed estimates. Alcoa — Shares of the aluminum company fell 4.6%

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Profit and Loss Banking Investments Marketing 130

CFO News Room

FEBRUARY 4, 2022

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

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Profit and Loss Marketing Concentration Forecasting 130

CFO News Room

JANUARY 13, 2023

bank by assets rose more than 2% after the firm posted fourth-quarter profit and revenue that topped expectations. The New York-based bank said profit jumped 6% from the year earlier period to $11.01 The bank set aside $957 million for credit losses after reducing its provisions by $452 million a year ago. billion, or $3.57

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CFO News Room

DECEMBER 21, 2022

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. The company also beat earnings expectations, but profits fell from the same period last year.

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CFO News Room

NOVEMBER 7, 2022

Berkshire Hathaway — Shares of Warren Buffett’s conglomerate rose more than 1% after the company posted a 20% increase in operating profits during the third quarter. billion loss on its investments during the third quarter’s market turmoil, however. Berkshire also spent $1.05 billion in share repurchases during the quarter.

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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

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Retail Profit and Loss Forecasting Accounting 141

The SaaS CFO

APRIL 5, 2022

I talk about the SaaS P&L (profit and loss statement) almost every week with SaaS founders, finance, and accounting teams. The SaaS P&L is critical to the management of your SaaS business. At this point, I’ve reviewed hundreds of SaaS P&Ls (also called an income statement).

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Profit and Loss CFO Finance Accounting 118

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.

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CFO News Room

NOVEMBER 24, 2022

Check out the companies making headlines before the bell: Deere (DE) – The heavy equipment maker reported better-than-expected profit and revenue for its latest quarter and issued an upbeat outlook. The computer maker also reported better-than-expected profit and revenue for its latest quarter. Its stock jumped 4.2%

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CFO News

AUGUST 30, 2023

On August 3, Zomato reported a maiden consolidated net profit of Rs 2 crore for the quarter ended June 2023, as against a loss of Rs 186 crore a year ago. The profitable turn came on the back of higher order frequencies from its loyalty programme, Gold.

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CFO 105

Barry Ritholtz

SEPTEMBER 19, 2024

16) Don’t focus too much on short term information flows; 17) Beware of new era thinking IE it’s different this time because… Market Technicain’s Association The post Marty Zweig Trading Rules appeared first on The Big Picture.

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Profit and Loss Marketing 122

CFO News Room

DECEMBER 2, 2022

Asana – Shares of the work management platform operator plunged about 11% after the company reported a loss for the most recent quarter, though it was narrower than expected. PagerDuty – Shares of the IT company rose more than 7% after it reported a slight profit for the third quarter, beating analysts’ expectations of a loss.

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Profit and Loss Manufacturing Forecasting Technology 130

CFO News Room

NOVEMBER 19, 2022

in premarket trading after an unexpected return to profitability and better-than-expected sales. Williams-Sonoma reported better-than-expected sales and profit for its latest quarter. Farfetch (FTCH) – Farfetch reported a wider-than-expected quarterly loss with sales that also came in below analyst forecasts. Shares gained 4.4%

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Profit and Loss Forecasting Manufacturing Sales 130

Barry Ritholtz

MARCH 20, 2023

That was the best definition I could come up with: “ When an individual or company, through their own behavior and risk management, suffers a disastrous loss — but is then somehow made fully (or even partially) whole, and they do not have to suffer the impact of their own decision-making.”

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Profit and Loss Banking Risk Management Financial Systems 130

CFO News Room

NOVEMBER 12, 2022

The provider of online language classes also reported a smaller-than-expected quarterly loss and increased its full-year revenue outlook. LegalZoom reported a quarterly loss that was smaller than analysts had anticipated and raised its full-year revenue forecast. Beazer benefited from gains in both home prices and profit margins.

Profit and Loss 130

Profit and Loss Forecasting Healthcare Banking 130

PYMNTS

OCTOBER 16, 2020

In August, news surfaced that five of the country’s biggest state-owned lenders saw their largest profit losses in at least 10 years, as defaulted debt has jumped amid the coronavirus. During the first two quarters of 2020, these lenders also put more funds aside in anticipation of loan losses to come.

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Profit and Loss Banking Construction Communication 112

CFO News Room

FEBRUARY 1, 2023

The retailer could see upside to expected profit in 2024 and 2025 as its strategic plan takes shape, according to the firm. Peloton’s net loss was also the narrowest since the fiscal fourth quarter of 2021. Brinker International — Shares of the restaurant stock recouped its earlier losses and slid 0.5%

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Profit and Loss Strategic Planning Budgeting Manufacturing 130

CFO News Room

DECEMBER 26, 2022

in the premarket after its quarterly profit and revenue fell well short of estimates. in premarket trading after the chip maker reported a wider-than-expected quarterly loss and revenue that fell short of Wall Street forecasts. in premarket trading after reporting better-than-expected profit and revenue for its latest quarter.

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Profit and Loss Forecasting Startups Technology 130

CFO News Room

FEBRUARY 3, 2022

Check out the companies making headlines before the bell: Boeing (BA) – Boeing reported a loss of $7.69 Analysts had expected a loss of 42 cents per share. AT&T (T) – AT&T gained 1% in the premarket after reporting better-than-expected fourth-quarter profit and revenue. per share for the fourth quarter, as it took $4.4

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Profit and Loss Forecasting Marketing Securities 100

CFO News

SEPTEMBER 12, 2023

As per the revised norms, banks will have to classify their entire investment portfolio under three categories -- Held to Maturity (HTM), Available for Sale (AFS) and Fair Value through Profit and Loss (FVTPL).

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Profit and Loss Investments Valuation Banking 98

CFO News Room

NOVEMBER 9, 2022

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. after the company reported another quarterly loss as operational costs increased. AMC Entertainment — Shares dropped 9.8%

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Profit and Loss Entertainment Forecasting Technology 130

CFO News Room

NOVEMBER 23, 2022

Deere — Shares of the heavy equipment maker jumped 5.8%, on track for a record close, after the company reported better-than-expected profit and revenue for its fiscal fourth quarter. billion in quarterly losses tied to customers pulling money. Nordstrom also reaffirmed its profit outlook for the fiscal year.

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Profit and Loss Financial Data Sales Retail 130

Global Finance

JUNE 3, 2024

Jim Farley, Ford’s CEO, has admitted publicly in quarterly earning presentations that the EV segment has been the “main drag on the company”; he expects to finish 2024 with a loss of more than $5 billion in the EV division. The future CFO arrives as an outsider, but not altogether.

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CFO Profit and Loss Finance Startups 105

The Charity CFO

DECEMBER 27, 2023

Does your nonprofit have ownership of a for-profit entity? Whether your organization owns a for-profit company outright or has limited ownership, a for-profit subsidiary can have serious tax implications for your nonprofit. Nonprofits with excess holdings may face an excise tax on the value of shares over the limit.

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Nonprofit Profit and Loss Communication CFO 52

CFO News Room

FEBRUARY 3, 2022

Corporate costs also include hedging gains (losses) related to revenue. billion due to operating losses in the other two segments as well as unallocated corporate costs. The segment is still not profitable, posting an operating loss of $890 million during the quarter. However, that loss was smaller than the $1.2

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Profit and Loss Advertising Leverage Entertainment 130

CFO News

DECEMBER 20, 2024

on Friday due to profit-booking. The fintech firm's IPO, oversubscribed 119 times, fueled optimism about its profitability and the digital payments sector. Experts advise profit-booking given high listing gains, suggesting a stop-loss around Rs 400 for long-term holders. to Rs 510.30

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Profit and Loss 40

CFO News Room

JANUARY 28, 2023

Paco Freire/Sopa Images | Lightrocket | Getty Images Check out the companies making headlines before the bell: Intel — The chipmaker suffered a 9% loss in its shares in early morning trading after its latest financial results missed analysts’ estimates and showed significant declines in the company’s sales, profit and gross margin.

Profit and Loss 130

Profit and Loss Forecasting Marketing Sales 130

PYMNTS

SEPTEMBER 29, 2020

After Wirecard filed for bankruptcy protection in June, KfW sold the loan to a distressed-debt investor and took an undisclosed loss. Also last month, three of the biggest lenders to the one-time FinTech leader have declared losses. Credit Agricole , the French financial institution, suffered a loss of about 110 million euros ($130.6

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Profit and Loss Banking Accounting 109

PYMNTS

JANUARY 5, 2021

4) alongside volatility in highly leveraged futures markets before recovering losses. The institutional parties are usually in the possession of ample funding, sometimes billions of dollars, with which to chase profits they want to acquire. Bitcoin had seen a string of days in which it continually broke records, passing $20,000 on Dec.

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Profit and Loss Currencies Leverage Economics 131

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. It began with some shoddy reporting at the Wall St. These effects are benign.

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Profit and Loss Forecasting Economics Numbers 116

CFO News Room

NOVEMBER 11, 2022

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. following reporting a quarterly loss that was smaller than expected. Duolingo also bumped its full-year outlook. LegalZoom — The stock added 7.5%

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PYMNTS

AUGUST 9, 2020

German prosecutors have charged former Wirecard CEO Markus Braun and two other executives on suspicion of orchestrating a criminal enterprise to inflate revenue and balances to hide billions in losses. Last week, three of Wirecard’s biggest lenders filed earnings reports that declared substantial losses to the collapsed company.

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Profit and Loss Currencies Accounting Banking 106

PYMNTS

OCTOBER 12, 2020

Revolut has seen losses tripling as recently as August, with $139.6 million losses total, with the company saying that happened because of expansions into new markets and debuts of new products. But while Revolut is one of the biggest players in the scene, the company has yet to make a profit.

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Banking Profit and Loss Startups Marketing 107