Earnings

Earnings are the net benefits of a corporation's operation. Earnings is also the amount on which corporate tax is due.
SoFi Wants Tech Platform to Be AWS of Financial Services
SoFi Wants Tech Platform to Be AWS of Financial Services
July 30, 2024  |  Earnings

SoFi Technologies’ leadership wants the company to become the “Amazon Web Services” (AWS) of FinTech. What that means is a lot of investment into technology...

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McDonald’s Sees ‘Trade Down’ as Paycheck-to-Paycheck Pressures Rise
McDonald’s Sees ‘Trade Down’ as Paycheck-to-Paycheck Pressures Rise
July 29, 2024  |  Earnings

McDonald’s sales fell for the first time since 2020 as lower-income consumers stayed home. The fast food giant released quarterly earnings Monday (July 29) showing a 1% dip...

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Spotify Shifts From One-Size-Fits-All to Customized Subscription Plans
Spotify Shifts From One-Size-Fits-All to Customized Subscription Plans
July 26, 2024  |  Earnings

Spotify Founder and CEO Daniel Ek believes the company’s approach to flexibility for its customers is a key success factor. Second-quarter earnings, reported on Tuesday...

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They Said That: Notable Quotables From the Week of July 22
They Said That: Notable Quotables From the Week of July 22
July 26, 2024  |  Technology

It was a week that saw a presidential campaign end, the Summer Olympics begin and the start of banking and payments earnings season. We were...

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FinTech IPO Index Falls 2%; SoFi’s Galileo Leads With Move Into 3DS
FinTech IPO Index Falls 2%; SoFi’s Galileo Leads With Move Into 3DS
July 26, 2024  |  Fintech Investments

Only one name in the FinTech IPO Index posted earnings this week, as the overall group was down 1.95% through the past five days. Amid...

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GM Eyes ‘Winning New Customers’ as EV Sales Soar
GM Eyes ‘Winning New Customers’ as EV Sales Soar
July 25, 2024  |  Transportation

General Motors Chairman and CEO Mary Barra is focused on “winning new customers” as electric vehicle (EV) sales soared during the second quarter. In the...

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American Airlines CEO: Q2 Profits Plunge 46% Due to Failed Sales Strategy
American Airlines CEO: Q2 Profits Plunge 46% Due to Failed Sales Strategy
July 25, 2024  |  Earnings

On Thursday (July 25), American Airlines announced a record second-quarter (Q2) revenue of $14.3 billion. However, net income plunged 46%, to $717 million, while a “bright...

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Wyndham Hotels Touts AI Initiatives Amid Record Room Growth
Wyndham Hotels Touts AI Initiatives Amid Record Room Growth
July 25, 2024  |  Earnings

Wyndham Hotels & Resorts is investing in artificial intelligence (AI) amid record growth in its room pipeline. The hotel and resort chain released earnings Wednesday...

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WEX Sees AI, Commercial EVs as Growth Opportunities
WEX Sees AI, Commercial EVs as Growth Opportunities
July 25, 2024  |  Earnings

Global commerce platform WEX is looking to artificial intelligence (AI) and commercial electric vehicles (EVs) as opportunities for growth after reporting record quarterly revenue. “We...

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