In the company’s first earnings report since Bob Iger returned as C.E.O., it exceeded Wall Street’s expectations. But about 7,000 employees are expected to be laid off.
Tag: Company Reports
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Apple Revenue and Profit Down as iPhone Sales Slow
The iPhone maker said sales of its flagship product were down 8 percent as it dealt with a factory shutdown and worries about rising inflation.
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Amazon Reports Almost No Profit and Slowing Growth
The company indicated the slowing growth and tight margins would continue in the first three months of this year.