profit

Multinational retailer Walmart Inc.‘s (NYSE:WMT) e-commerce businesses turned profitable for the first time in the U.S. and globally during the first quarter of the ongoing fiscal year despite looming tariff uncertainties. What Happened: CEO Doug McMillon expressed optimism over the company...

Beyond Meat Inc. (NASDAQ:BYND) missed analyst expectations in the first quarter of the ongoing fiscal year and withdrew its full-year revenue guidance, citing the ongoing economic uncertainties. However, the CEO forecasted a “relatively minimal” tariff impact on the firm. What Happened...

Contemporary Amperex Technology (CATL), a major Chinese electric vehicle battery manufacturer, has projected a substantial increase in its 2023 profit. This forecast has led to a significant rise in the company’s shares despite a general market downturn. What Happened: CATL’s shares on...

Based on Lookonchain data, an anonymous cryptocurrency trader clocked a profit of more than 2,570 times using 30 Solana tokens within a short span of six days. What Happened: The trader did not directly buy and sell Solana (CRYPTO: SOL) tokens instead he used the 30 SOL tokens he owned to buy 16...

Epic Games, the company behind Fortnite and the Epic Games Store, recently admitted in court that their digital PC game store is still not profitable. The Epic Games Store was launched in late 2018 as a direct competitor to Steam, offering free games each month and a more favorable revenue split...

Under the watchful eye of CEO Andy Jassy, Amazon Inc. (NASDAQ:AMZN) has seen its profit margins nearing record highs. Jassy, who began his role as CEO in mid-2021, has been resolute in his efforts to reduce costs across the company, reported CNBC. Over the past year, he has...

The price of Dogecoin (CRYPTO: DOGE) has been plummeting since it hit its peak in 2021. At the time of writing, it was trading at $0.08531, dropping almost 4% in the last seven days.  Dogecoin has experienced one of the worst declines in the crypto's history, falling by almost 90...

On Sunday, the world's largest oil exporter Saudi Aramco reported that its net profit rose to $25.5 billion in the second quarter of the year, compared to $6.6 billion in the same quarter of 2020, with the global easing of COVID-19 restrictions, Reuters reports.  The...

Neptune Revenue Declines 63% YoY, Shifts To CPG And Branded Products Global health and wellness company Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT) revealed Monday its third-quarter financial results, on the heels of announcing the purchase of a 50.1% stake in baby food and...