net income

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GM's Net Income Tumbles 40%
GM's Net Income Plummets 40%
Jul 26, 2022 7:30 AM CDT

GM's Net Income Plummets 40%

Chip, parts shortages hindered sales in Q2

(Newser) - General Motors' second-quarter net income fell 40% from a year ago as computer chip and parts shortages hobbled factory output and drove the company's US sales down more than 15%. The Detroit automaker earned $1.67 billion from April through June, in part because it couldn't deliver 95,...

Facebook More Profitable Than We All Thought
Facebook More Profitable
Than We All Thought
HENRY BLODGET
Jan 6, 2011 10:53 AM CST

Facebook More Profitable Than We All Thought

Profit margin was an impressive 25% ... in 2009

(Newser) - Surprise, surprise: Facebook is actually “much more profitable than everyone thought,” writes Henry Blodget for Business Insider . Today’s Wall Street Journal piece ( summary here ) discloses that Facebook’s net income in 2009 was $200 million on $777 million in revenue. The revenue figure was known,...

MGM Delays New Casinos for Vegas, Atlantic City

After credit downgrade, firm reports 67% decline in quarterly net income

(Newser) - MGM Mirage will suspend work on new casinos in Las Vegas and Atlantic City due to the dismal credit climate, the Wall Street Journal reports. The firm reported a 67% drop in third-quarter net income as the slumping economy quells consumers’ desire to gamble or spend at casino restaurants and...

BoA Writes Down $5.28B; 4Q Net Income Drops 95%

Writedowns had been estimated at $3B

(Newser) - Bank of America said today its net income plummeted 95% in the fourth quarter, and it wrote down $5.28 billion in collateralized debt obligation. Net income for the largest retail bank and credit-card issuer was $268 million, or 5 cents per share, compared to $5.26 billion, or $1....

Microchips Earning Maxi Profits
Microchips Earning Maxi Profits
Oct 17, 2007 4:25 AM CDT

Microchips Earning Maxi Profits

Intel net income boosted 43% by huge demand for laptops

(Newser) - Silicon Valley giant Intel, whose microchips are an integral part of most computers, reported a 43% jump in net income to $1.86 billion for the third quarter—and forecast another increase in the current quarter. The company is firing on all cylinders, with investors driving up the stock 26%...

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