Amazon Crushes Profit Forecasts
On Thursday, Amazon (AMZN) released a second quarter report which vastly outperformed analyst profit forecasts, after a year of wide scale layoffs cut costs dramatically. Profits soared despite Amazon web…
Apple Reports iPhone Sales Miss Expectations
Third quarter earnings for Apple (AAPL) arrived after the bell on Thursday, revealing that iPhone sales missed expectations, as revenue fell 1.4% compared to last year, marking the third consecutive…
Stellantis Beats Estimates On Profits
Stellantis, the parent of Jeep, Dodge, and Ram reported it had beaten estimates for profits for the first half of the year, as it made note of the fact the…
Newell Downgrades Forecast Off Declining Demand
On Friday, Newell Brands Inc cut its forecast for its full-year net sales and profit, due to a reduced demand for the Sharpie-manufacturer’s Rubbermaid food containers and kitchen appliances, as…
Procter & Gamble Benefits As Inflation Recedes, While High Prices Remain
In its Fridays earnings release, Procter & Gamble (PG) revealed that as commodities prices have fallen, with oil prices down and supply-chain bottlenecks easing following the pandemic, the company is…
