Earnings roundup: Red ink grows at Rackspace amid impaired goodwill

  • 📰 ExpressNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

This week’s roundup of financial reports includes San Antonio-based Rackspace...

Loss of $214 million in 4Q 2022 vs. loss of $82.9 million in 4Q 2021.“While the next few quarters may be choppy, our focus is on positioning the company for sustainable growth heading into 2024.” —Inc. rose nearly 40 percent, to $831.8 million in 2022 from $594.9 million in 2021. The company’s profit fell to $89.7 million from $212.6 million, despite a 13 percent increase in revenue.$448 million in 4Q 2022 vs. $443.1 million in 4Q 2021.

Inc., which operates KABB and WOAI in San Antonio, saw revenue for 2022 fall 35 percent — to $3.9 billion from $6.1 billion in 2021. The company, however, posted a $2.6 billion profit, largely due to a $3.4 billion gain related to deconsolidation of subsidiaries.$960 million in 4Q 2022 vs. $1.5 billion in 4Q 2021.“Strong political revenues were a big factor, … demonstrating the strong value proposition TV continues to offer in reaching the masses.” —HOUSTON — Cheniere Energy Inc.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 519. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Berkshire Hathaway fourth-quarter operating earnings fall 8%, cash hoard swells to nearly $130 billionBerkshire Hathaway's operating earnings totaled $6.7 billion in the fourth quarter of 2022, a release read Saturday. … all these companies hoard all this cash and you wonder why the government continues to print money. Buffet ghost wrote this song He lives modestly. Warren thinks he can help save the world by getting rich but not thinking like a rich guy. By doggies, he may have pulled it off. My grandpa was the same way--only less ambitious. And surrounded by the old Confederacy. So a lot quieter, too. Respect the guy.
Source: CNBC - 🏆 12. / 72 Read more »

Warren Buffett’s Berkshire posts 8% drop in operating earnings as railroad business sagsBerkshire Hathaway’s operating earnings declined 8% in the fourth quarter to $6.7 billion after taxes, hurt by railroads and a decline in the U.S. dollar.
Source: MarketWatch - 🏆 3. / 97 Read more »

Dow futures trade flat, retail earnings in focus By Investing.com⚠️BREAKING: *U.S. STOCK FUTURES LITTLE CHANGED AFTER WALL ST SUFFERS WORST WEEK OF 2023 $DIA $SPY $QQQ 🇺🇸🇺🇸 BREAKING: NO BREAKING NEWS Me when the stocks dip so I refinance my moms house without her knowing and buy more bitcoin Unless you get flokiceo it’s boomin
Source: Investingcom - 🏆 450. / 53 Read more »