Emerson reports weak quarter on hit from supply snarls, raises sales forecast By Reuters

[ad_1] © Reuters. FILE PHOTO: Emerson Electric Co is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 13, 2020. REUTERS/Brendan McDermid/ (Reuters) – Industrial conglomerate Emerson (NYSE:) Electric Co missed Wall Street expectations for quarterly profit and revenue on Wednesday, as lingering supply-chain snags … Read more

SoftBank tumbles to loss as Vision Fund in red for fourth straight quarter By Reuters

[ad_1] © Reuters. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo By Kiyoshi Takenaka TOKYO (Reuters) -Japan’s SoftBank Group Corp fell to a quarterly loss on Tuesday, as its giant Vision Fund investment unit remained in the red for … Read more

Amazon stock falls as least profitable holiday quarter since 2014 leads to its worst annual loss on record

[ad_1] Amazon.com Inc. reported its least profitable holiday quarter since 2014 on Thursday, leading to the biggest annual loss on record for the e-commerce giant, which also disappointed Wall Street with its forecast amid concerns about cloud growth. Amazon AMZN, +7.38% reported a holiday profit of $278 million, or 3 cents a share, down from … Read more