Tag: Earnings

Oil giant Shell misses on third-quarter profit as Dan Loeb calls for the company to break up

Gasoline prices at a Royal Dutch Shell Plc gas station in San Francisco, California, U.S., on Wednesday, July 7, 2021. David Paul Morris | Bloomberg | Getty Images LONDON — Oil giant Royal Dutch Shell on Thursday reported weaker-than-expected third-quarter earnings as New York-based hedge fund Third Point called on the energy major to break […]

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EBay earnings beat expectations, but forecast underwhelms

EBay Inc. exceeded expectations with its financial results Wednesday but its shares fell 5.3% in after-hours trading after the company’s forecast for the holiday period came up short. The e-commerce company posted third-quarter income from continuing operations of $283 million, or 43 cents a share, down from $605 million, or 86 cents a share, in […]

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Ford to reinstate dividend in the fourth quarter

DETROIT — Ford Motor will reinstate its regular dividend starting in the fourth quarter, more than a year and a half after suspending the payments during the early days of the coronavirus pandemic. Ford said the fourth-quarter dividend of 10 cents per share on outstanding common and Class B stock will be paid on Dec. […]

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Visa tops earnings expectations, boosts dividend

Visa Inc. topped earnings expectations for its latest quarter but shares dipped 2.7% in the aftermarket session as the company issued a revenue outlook that struck one analyst as conservative. Results from the payments giant continued to reflect a spending rebound, with Chief Financial Officer Vasant Prabhu highlighting healthy domestic spending and a “faster-than-anticipated recovery […]

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