Uber Reports Increase in Revenue at the end of 2022
While Uber reported a downturn in revenue during the pandemic, chief executive, Dara Khosrowshahi said that the last 3 months of 2022 was the company’s “strongest quarter ever.” Khosrowshahi added…
Netflix Hits the $100 Billion Mark
Netflix has hit the $100 billion mark for the first time. Shares jumped 9% to over $248 in after-hour trading on Monday. The company now sits with their program in…
Tiffany & Co. Sales Fall
In a surprising development to many, Tiffany & Co’s quarterly sales fell for the first time in five years. Their sales are expected to decline even more as the strong…
Groupon Inc. Loses a Quarter of Its Market Value
Groupon Inc has recently admitted to losing a quarter of its market value on Wednesday after just revealing that they began to take smaller cuts of their revenue on daily…
Yahoo Climbing Its Way Back Up
Yahoo Inc. is forecasting a modest upturn in revenue for 2013, but Chief Executive Marissa Mayer warns that it may take a lot of work to get there. The company,…
Cummins Inc. Lowers 2012 Forecast
The US engine maker Cummins Inc. recently lowered its 2012 forecast. This is the second time this year that they’ve made a move of this sort. They have also said…
Michael Kors Holdings Surprises Market
The luxury lifestyle company Michael Kors Holdings surprised everyone recent, raising almost $1 billion in an initial public offering. 47.2 million shares were sold, each for $20. This generated proceeds…