U.S. corporate profits hit a record $ 495.3 billion, or an annualized rate of 27.1%, in the third quarter, as consumer demand rebounded and businesses reopened, the reports showed. Commerce Department data released Wednesday. The increase comes after declines of 12% and 10.3% respectively in the first and second quarters. The sharp rebound in profits […]
Month: November 2020
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Corporate profits soar as post-holiday vacation looks bleak for millions
NEW YORK, NEW YORK – NOVEMBER 24: A man sits on the Wall Street Bull near the New York Stock … [+] Stock Exchange (NYSE) on November 24, 2020 in New York. As investor fears of an election crisis ease, the Dow Jones Industrial Average broke the 30,000 mark for the first time on Tuesday […]
Tyson Foods Beats Estimates with Strong Quarterly and Yearly Profits
Tyson Foods beat expectations amid the lingering challenges of COVID-19, posting strong fourth quarter earnings per share of $ 1.81 on an adjusted basis, compared to the $ 1.18 Wall Street predicted. Revenue topped $ 10.641 billion, below the $ 10.8 billion forecast by analysts. Profits increased by 50% compared to the same period last […]
Gattaca PLC’s annual profits plunge but it is more confident after the restructuring
The tech and telecoms recruiter had net cash of £ 27.3million at the end of the year Gattaca PLC (LON: GATC) reported a 61% drop in pre-tax profit to £ 1.4million for the year ending July 2020. But the IT and telecom recruiter said he had a solid balance sheet and that the effects of […]