Tag Archives: loss

Target stores are getting looted, and it’s taking a huge bite out of profits. The discount retailer told reporters on a call to discuss its third quarter earnings results that inventory shrinkage — or the disappearance of merchandise — has reduced its gross profit margin by $400 million so far in 2022. “There’s a handful of things that can drive shrink in our business and theft is certainly a key driver,” Target CFO Michael Fiddelke said. “We know we’re not alone across retail in seeing a… Source link

The string of tech companies laying off workers has accelerated in the last month, worrying those with and without jobs. In continuation of our series, “What to do in a bear market,” Yahoo Finance asked career experts how employees and job seekers can best position themselves during an economic downturn. What are some pointers for people who are actively looking for a job right now? “For those who are actively looking for work right now – whether laid off recently, or looking to make a… Source link

Rivian (RIVN) stock jumped after hours as the electric adventure vehicle maker reported a narrower loss than expected loss for the third quarter, and also reaffirmed its full-year production forecast and financial outlook. For the quarter Rivian reported revenue of $536 million, missing estimates of $561.1 million, and reported an adjusted EPS loss of $1.57 a share, smaller than the expected loss of $1.86. More importantly for investors, the company said it would still hit its 25,000 vehicle… Source link

Disney (DIS) reported fiscal fourth-quarter earnings on Tuesday after the bell, missing on both the top and bottom lines. Macroeconomic challenges, including the global advertising slowdown, weighed on earnings as the company also battled higher-than-expected streaming losses. Disney stock moved lower on the heels of the report, with losses accelerating as investors digested the results — down as much as 10% in after-hours trading. Here are Disney’s fourth-quarter results compared to Wall… Source link

WASHINGTON, Oct 25 (Reuters) – The U.S. Justice Department said on Tuesday it reached an agreement with Alphabet Inc’s (GOOGL.O) Google resolving a dispute with the search engine giant over the loss of data responsive to a 2016 search warrant. The government said it was a “first-of-its-kind resolution” that would result in Google reforming “its legal process compliance program to ensure timely and complete responses to legal process such as subpoenas and search warrants.” “The department is… Source link

Davante Adams was frustrated after the Las Vegas Raiders‘ 30-29 loss to the Kansas City Chiefs. He’ll regret how he took out that frustration. On his way back to the locker room after the game, Adams shoved a cameraman to the ground. ESPN’s cameras caught the act and played it on “SportsCenter” after the game. It’s not a good look for Adams and the NFL will not take kindly to it either. Adams was clearly upset as the game ended. He and teammate Hunter Renfrow collided downfield on a… Source link

The Dallas Wings are the third WNBA team that will be in the market for a new coach next season. The team will not pick up Vickie Johnson’s option, it announced Monday. The Wings saw improvement under Johnson in her second season at the helm. After going 14-18 under Johnson in 2021, the team improved to 18-18 in her second year. The team experienced two first-round playoff exits under Johnson. The Wings lost to the Chicago Sky in 2021 and dropped a three-game series against the Connecticut… Source link

Scott Frost’s time at Nebraska has come to an end. Nebraska athletic director Trev Alberts announced Sunday that the school has fired Frost as head coach just three games into his fifth season on the job. The move comes on the heels of a 45-42 home loss to Georgia Southern that dropped the Huskers to 1-2 on the season and 16-31 overall with Frost as head coach. On top of that, the loss put the Huskers at an unfathomable 5-22 in one-possession games under Frost. Alberts informed Frost of the… Source link

Scott Frost’s Nebraska tenure now includes another ugly loss. The Cornhuskers lost 45-42 to Georgia Southern on Saturday night as the Eagles became the third Sun Belt team to beat a Power Five opponent in Week 2. Nebraska had a chance to send the game to overtime as time expired but Timmy Bleekrode’s 52-yard kick sailed wide left. The defeat is the first time in 215 home games at Memorial Stadium that Nebraska has lost while scoring 35 or more points. And it drops Frost’s record at… Source link

Ajla Tomljanovic beat Serena Williams in a thrilling three-hour battle on Friday night at the US Open. (Al Bello/Getty Images) Serena Williams, the icon, the legend, the GOAT, has lost in the third round round of the US Open, marking her final match as a professional tennis player. Australia’s Ajla Tomljanovic beat Williams on Friday night in a thrilling battle, 7-5, 6-7 (7-4), 6-1, at Arthur Ashe Stadium. The three-hour match had a wild, lengthy comeback that ended with a heated tiebreak in… Source link