Earnings

Earnings are the net benefits of a corporation's operation. Earnings is also the amount on which corporate tax is due.

7-Eleven Takes on Restaurant Aggregators With Food Delivery App
7-Eleven Takes on Restaurant Aggregators With Food Delivery App
January 19, 2024  |  Mobile Applications

As convenience stores look to gain share of consumers’ meal spending from restaurants, 7-Eleven is building its in-house delivery app into a billion-dollar business. On...

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Paytm Narrows Losses, Reduces Expenses With AI
Paytm Narrows Losses, Reduces Expenses With AI
January 19, 2024  |  Earnings

Indian FinTech company Paytm beat analysts’ estimates and reported narrower losses in the latest quarter. The company’s net loss for the three months through December...

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Regions Financial Sees Soft Loan Demand Due to Cautious Customers
Regions Financial Sees Soft Loan Demand Due to Cautious Customers
January 19, 2024  |  Earnings

Regions Financial saw loan demand remain soft in the fourth quarter as customers continued to be cautious. Average and ending loans decreased “modestly” compared to the...

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Deliveroo CEO Expects Wage Growth to Outpace Food Inflation, Drive Demand
Deliveroo CEO Expects Wage Growth to Outpace Food Inflation, Drive Demand
January 19, 2024  |  Earnings

As restaurant delivery services around the world have seen demand impacted for years by ongoing food inflation and other financial challenges, Deliveroo expects that wage...

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Richemont’s Sales Soar on Strong Demand in China and Japan
Richemont’s Sales Soar on Strong Demand in China and Japan
January 19, 2024  |  Retail

Inflation-pressured consumers tend to cut back on their luxury purchases.  At least, that’s what PYMNTS Intelligence data has found. However, the demand for Richemont’s jewelry...

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Truist Ups Digital Focus as Mobile Transactions Climb
Truist Ups Digital Focus as Mobile Transactions Climb
January 18, 2024  |  Earnings

Truist Financial continues to see digital engagement among its customers climb. The North Carolina-based bank reported earnings Thursday (Jan. 18) showing the number of  mobile app users grew...

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KeyCorp Says Real Estate Driving Rise in Net Loan Charge-Offs 
KeyCorp Says Real Estate Driving Rise in Net Loan Charge-Offs 
January 18, 2024  |  Banking

KeyCorp saw net loan charge-offs rise during the fourth quarter, driven by real estate, healthcare and consumer goods.  They rose to $76 million during the quarter,...

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Discover’s Card Delinquency Rate Rises to 3.9% After ‘Strong’ Holiday Season
Discover’s Card Delinquency Rate Rises to 3.9% After ‘Strong’ Holiday Season
January 18, 2024  |  Earnings

Discover Financial Service’s earnings, released Wednesday (Jan. 17), showed growth in card loans and rising delinquency rates. Chief Financial Officer John Greene noted on a...

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Grubhub Orders Fall 13% Amid Company’s Cost-Cutting Measures
Grubhub Orders Fall 13% Amid Company’s Cost-Cutting Measures
January 17, 2024  |  Earnings

Grubhub continues to see its order volume decline by double digits, even as its unit economics improve. The aggregator’s parent company, Just Eat Takeaway.com, reported...

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