Wallcrest Business Desk
Earnings, strategy, governance and the mechanics of how large companies create value.
A plain-English guide to the two most common forms of employee equity pay, how they're taxed, and the decisions that come with each.
Wallcrest Business Desk · 1m ago · 4 min read
Rule 14a-8 has governed which shareholder resolutions a company must include in its proxy statement. The proposal would leave that question to state law and corporate bylaws. Comments run 60 days.
1m ago · 3 min
Revenue in the quarter ended August 4 was $544.1 million, down 2.4%. The company lost $12.5 million and ended the quarter with 250 company-owned locations.
1m ago · 2 min
Third-quarter revenue grew 13% and annualised recurring revenue reached $27.50 billion. Anil Chakravarthy becomes chief executive at the start of December.
1m ago · 3 min
Cloud infrastructure revenue more than doubled in the quarter to 31 August. Capital spending was larger than the company total revenue for the same three months.
1m ago · 4 min
The retailer reported its highest second-quarter operating income on record on materially lower sales. Trading cards and figures now bring in more money than new video games.
1m ago · 3 min
Revenue reached $898.2 million in the quarter ended July 31 and $3.35 billion for the fiscal year. The company still reported a GAAP net loss of $63.2 million for the year against $704.2 million of non-GAAP net income.
1m ago · 4 min
Revenue rose 86% year over year. AI semiconductor revenue was $16.7 billion, up 221%. The company told investors to expect $21.7 billion of AI revenue in the current quarter.
1m ago · 3 min
The FTC and 22 states sued Amazon in Seattle on August 31 over what the complaint calls an undisclosed "soft reserve price" in its advertising auctions. The agency puts the revenue at tens of billions of dollars since 2019.
1m ago · 3 min
Data Center revenue of $89.0 billion was 117% up on a year earlier. Gross margin was 75.0%, and the company returned $26.0 billion to shareholders in the quarter.
1m ago · 2 min
Second-quarter revenue was $9.78 billion and comparable sales rose 4.1%. The guidance revision is larger than the quarter itself.
1m ago · 2 min
The final rule took effect on publication in the Federal Register on August 14. FinCEN says it will also delete information already filed by companies the rule now exempts.
1m ago · 2 min
Comparable sales rose 3.8% with traffic up 3.6%. Earnings of $4.11 a share included a one-time tariff refund worth about $1.65 of it. The stock fell anyway.
1m ago · 2 min
Three former executives of the collapsed subprime auto lender are now defendants in a civil fraud case. Two of them have already pleaded guilty in the parallel criminal matter.
1m ago · 4 min
Reported operating income rose 28.8%. Adjusted and in constant currency it rose 17.4%. The gap between those two numbers is most of the story in Walmart's second quarter.
1m ago · 3 min
Profit is an opinion shaped by accounting policy. Cash movement is a fact — which is why it belongs at the top of any analysis.
1m ago · 7 min
If each additional customer loses money, scale makes the problem larger. Contribution margin is where that question is settled.
1m ago · 6 min
High earners locked out of direct Roth contributions can use a two-step conversion, but a little-known IRS aggregation rule can turn the tax-free maneuver into a taxable one.
1m ago · 4 min
The Securities Investor Protection Corporation covers missing assets when a brokerage collapses, but it does not protect against market losses or bad investment decisions.
1m ago · 3 min
A listing is a financing event wrapped in a marketing exercise. The mechanics decide who captures the first-day move.
2h ago · 6 min
Adjusted figures, guidance and cash flow tell you more than the number in the press release.
12d ago · 7 min
