MoviePass raises prices, limits movies

Mission: Impossible – MoviePass Profitability MoviePass announced on Tuesday that it will raise its prices and exclude popular movie debuts from its offerings. The movie subscription company has seen its stock plummet in recent months due to its high costs and lack of subscribers. Parent company Helios and Matheson had shares of $430 in May, […]
  • Ben Norman
  • August 2, 2018
  • 0

Shell Announces $25 billion Share Buyback Program

Oil giant Royal Dutch Shell announced a stellar quarterly net profit and a $25 billion share buyback program that aims to reduced company debt and manage oil price conditions. The company pulled in $4.69 billion in profits during the second quarter. Company analysts predicted that last quarter profits would be $5.967r billion, however, the profit […]
  • Peter Boyer
  • July 29, 2018
  • 0

Amazon beats Q2 expectations

Amazon continues to dominate Amazon exceeded investors’ expectations in the second quarter, causing their stock to jump almost four percent on Thursday. In fact, Amazon more than doubled analysts’ forecasts last quarter. They posted a $2.5 billion profit, $52.9 billion in revenue, and $5.07 per share. In fact, there’s a chance that Amazon might double […]
  • Ben Norman
  • July 27, 2018
  • 0

GM reduces profit expectations

Tariffs hit GM General Motors (GM) reported on Wednesday that they will post fewer earnings than they originally anticipated. The forecasted drop stems from the increase of aluminum and steel from President Trump’s tariffs. In fact, according to Reuters, their costs are expected to rise $500 million to a whopping $1 billion. However, CFO Chuck […]
  • Ben Norman
  • July 26, 2018
  • 0

Hasbro bounces back from underperformance

Hasbro avoiding turning into a has-been? Ever since Toys “R” Us closed, Hasbro has been struggling to generate sales and keep their profit margins up. However, in Q2 of this year, the toy manufacturer may have turned over a new leaf. Sales were still down by 7 percent last quarter, but they still exceeded expectations […]
  • Ben Norman
  • July 23, 2018
  • 0

Honda Reports Rise in Profit

Honda announced this Friday that its sales jumped by at least 36 percent. This was just for the October-December months. Dismissing damage done by the yen, Honda Motors managed to raise its profits for the full year. The maker of the Odyssey raised its full fiscal profit to around 545 billion yen ($4.8 billion). That […]
  • Sharnita Sanders
  • February 6, 2017
  • 0

Sony Says Its Not Selling Its Picture Business

Despite the rumors surrounding Sony, the company announced on Thursday that it was not selling its picture business. The company struggled through a $1 billion writedown that was caused by the low demand for movies on disc. This ended up having Sony cut at least 11 percent of Sony’s yearly profit that estimated around 240 […]
  • Sharnita Sanders
  • February 3, 2017
  • 0

Auto Workers’ Bonus a Result of Companies Profits

The benefits of consumers’ increasing demand for vehicles in America, auto workers will receive the dues in a profit-sharing bonus. Auto employees are estimated to get the largest bonus checks yet. The fourth quarter report for the big three reported that consumer’s dependence on light-trucks is part of the profit increase. However, the bonuses aren’t […]
  • Sharnita Sanders
  • January 28, 2017
  • 0

Samsung Predicts Profit Rise

It was just four months ago that Samsung had to recall its Note 7. However, the company believes that the fourth quarter of 2016 can get them back on track. For the fourth quarter earnings, Samsung expects to bring in an estimated 9.2 trillion won ($7.2 billion). That would double the fourth quarter profit from […]
  • Sharnita Sanders
  • January 6, 2017
  • 0
Page 1 of 212 »