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Revenues

lyft van

Lyft’s results show pain but also hope as some riders return

By: CATHY BUSSEWITZ
Source: The Associated Press
Date of Publication: November 10th, 2020
Lyft is still feeling the pandemic’s severe impact on the ride-hailing industry but its third-quarter results show signs of a recovery from the previous three months when passengers stayed locked down.
DoorDash shows surge in revenue growth, profitable quarter in IPO filing

DoorDash shows surge in revenue growth, profitable quarter in IPO filing

By: Anirban Sen, Joshua Franklin
Source: Reuters
Date of Publication: November 13th, 2020
DoorDash Inc, the U.S. food delivery startup backed by SoftBank Group Corp 9984.T, made public on Friday its regulatory filing for a listing on the New York Stock Exchange, setting the stage for a blockbuster IPO before the end of the year.
Wendy's breakfast

Wendy’s breakfast nabs new customers as pandemic pushes consumers to break habits

By: Amelia Lucas
Source: CNBC
Date of Publication: November 4th, 2020
The coronavirus pandemic has upset consumers’ usual breakfast habits, leading fast-food restaurants and coffee chains to miss out on early morning sales.
Under Armour expects demand for sneakers, face masks to drive annual revenue

Under Armour expects demand for sneakers, face masks to drive annual revenue

Source: Reuters
Date of Publication: October 30th, 2020
Under Armour Inc UA.NUAA.N forecast its annual revenue above Wall Street expectations on Friday, as a pandemic-driven trend to exercise outdoors resulted in a surge in demand for running shoes and face masks.
Avis serving customers at SFO

Covid-19 Slammed Rental-Car Firms, Then Business Turned Around

By: Nora Naughton
Source: The Wall Street Journal
Date of Publication: November 2nd, 2020
After a big collapse in bookings this spring, Avis, Enterprise are benefiting from higher used-car prices and a preference for traveling by auto.
IBM posts double-digit cloud revenue growth; says customers deferring some projects

IBM posts double-digit cloud revenue growth; says customers deferring some projects

Source: Reuters
Date of Publication: October 19th, 2020
International Business Machines Corp IBM.N edged past Wall Street estimates for quarterly revenue on Monday, bolstered by higher demand for its cloud services, a business it is staking its future on as it prepares to spin off one of its legacy units.
Amazon seeks to hire 33,000 people

What slowdown? Amazon seeks to hire 33,000 people

By: Joseph Pisani
Source: The Associated Press
Date of Publication: September 8th, 2020
In the latest sign of how it’s prospering while others are faltering during the pandemic, Amazon said Wednesday it is seeking to bring aboard 33,000 people for corporate and tech roles in the next few months.
Shopify, Suddenly Worth $117 Billion, Is One of the Biggest Pandemic Winners - WSJ

Shopify, Suddenly Worth $117 Billion, Is One of the Biggest Pandemic Winners

By: Inti Pacheco
Source: The Wall Street Journal
Date of Publication: September 8th, 2020
E-commerce platform has tapped into small businesses needing websites, doubling its revenue.
'Tenet' scores $20 million in biggest domestic opening since pandemic

‘Tenet’ scores $20 million in biggest domestic opening since pandemic upended movie industry

By: Sarah Whitten
Source: CNBC
Date of Publication: September 6th, 2020
Christopher Nolan’s “Tenet” garnered an estimated $20.2 million in ticket sales over Labor Day weekend.
Ford will cut 1,400 salaried jobs, offering early retirement - CNN

Ford will cut 1,400 salaried jobs, offering early retirement

By: Chris Isidore
Source: CNN
Date of Publication: September 2nd, 2020
Ford is looking to cut 1,400 white collar jobs in a cost-savings move.