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Microsoft profits jump 33 percent as pandemic continues shift to cloud computing.

Microsoft profits jump 33 percent as pandemic continues shift to cloud computing.

By: Karen Weise
Source: The New York Times
Date of Publication: January 26th, 2021
Microsoft continued to benefit from the pandemic’s shift to remote computing and gaming, with revenue and profits reaching new heights in the latest quarter, the company said on Tuesday. Sales in the quarter hit $43.1 billion, up 17 percent from a year earlier, and profits rose 33 percent to $15.5 billion, Microsoft said.
Walgreens maintains full-year profit growth forecast; shares rise

Walgreens maintains full-year profit growth forecast; shares rise

By: Mrinalika Roy, Dania Nadeem
Source: Reuters
Date of Publication: January 7th, 2021
Walgreens Boots Alliance Inc said on Thursday it expects benefits from COVID-19 vaccinations to cushion the impact of pandemic-induced restrictions, and stuck to its full-year earnings growth forecast, sending its shares up 7%.
Masked customers browsed Bronner's Christmas Wonderland store in Frankenmuth, Mich., in early December.

Holiday Shoppers Steered Clear of Stores, Favoring Online Buying

By: Sarah Nassauer
Source: Wall Street Journal
Date of Publication: December 26th, 2020
During a remade shopping season, many Americans ditched stores for digital outlets. And pandemic buying trends that favored household goods and food over apparel continued, according to early sales data from firms that track shopper spending.
Tyson Foods beats profit estimates, sees lower COVID-19 costs in 2021

Tyson Foods beats profit estimates, sees lower COVID-19 costs in 2021

By: Tom Polansek, Praveen Paramasivam
Source: Reuters
Date of Publication: November 16th, 2020
Tyson Foods TSN.N beat Wall Street estimates for fourth-quarter profit on Monday, but faces rising costs for animal feed and uncertainty over labor as COVID-19 cases surge in the United States.
Walmart forecasts promising holiday season as online sales soar

Walmart forecasts promising holiday season as online sales soar

By: Melissa Fares, Aishwarya Venugopal
Source: Reuters
Date of Publication: November 17th, 2020
Walmart Inc WMT.N said on Tuesday it was optimistic about its holiday sales prospects in a pandemic-ridden year after the big-box retailer beat Wall Street expectations for quarterly results as Americans increasingly shift their spending online.
Has Disney put the worst of the pandemic behind it?

Has Disney put the worst of the pandemic behind it?

By: Lisa Richwine, Akanksha Rana
Source: Reuters
Date of Publication: November 12th, 2020
Walt Disney Co's DIS.N rapidly growing streaming video business and a partial recovery at its theme parks gave investors fresh hope on Thursday that the entertainment company had made it through the worst of the coronavirus pandemic.
Chevron, Exxon shrink spending as coronavirus cuts demand

Chevron, Exxon shrink spending as coronavirus cuts demand

By: Jennifer Hiller, Arathy S Nair, Shariq Khan
Source: Reuters
Date of Publication: October 30th, 2020
U.S. oil majors Chevron Corp and Exxon Mobil Corp cut spending aggressively in the third quarter in a race to offset weak trends in fuel demand caused by the COVID-19 pandemic, though the former managed a slim profit.
AbbVie raises profit outlook on Botox recovery signs, new drugs growth

AbbVie raises profit outlook on Botox recovery signs, new drugs growth

Source: Reuters
Date of Publication: October 30th, 2020
Drugmaker AbbVie Inc ABBV.N raised its full-year profit forecast on Friday, bolstered by signs of recovery in demand for its Botox injection on easing COVID-19 restrictions and strong growth for its latest drugs, sending its shares up 6%.
Whirlpool sees strong 2020 as profit beats on pandemic boost

Whirlpool sees strong 2020 as profit beats on pandemic boost

Source: Reuters
Date of Publication: October 22nd, 2020
Whirlpool Corp WHR.N on Wednesday forecast a smaller drop in sales for the year and reinstated earnings targets after posting better-than-expected quarterly profit, as robust demand for home appliances helped it navigate the coronavirus crisis.
Netflix falls short on new subscribers as pandemic boost fizzles

Netflix falls short on new subscribers as pandemic boost fizzles

By: Lisa Richwine, Ayanti Bera
Source: Reuters
Date of Publication: October 20th, 2020
Netflix Inc NFLX.O on Tuesday posted its weakest subscriber gains in four years as streaming competition increased, pandemic restrictions eased and live sports returned to television.