Aurora Cannabis earnings: Here comes a billion-dollar loss

2020-02-11

When Aurora Cannabis Inc. announced last week that co-founder and Chief Executive Terry Booth would retire, it also revealed another loss to come: A quarterly deficit of roughly a billion dollars. Aurora ACB, -1.28% ACB, -1.44%  is scheduled to report fiscal second-quarter results Thursday morning, and it is expected toRead More →

Uber shares tumble 5% on $1.16 billion quarterly loss

2019-11-04

Uber Technologies Inc. reported another mega-loss on Monday, but its chief executive said there is a light at the end of the profitability tunnel. The ride-hailing service  reported a third-quarter loss of $1.16 billion, or 68 cents a share, compared to a $986 million loss in the same quarter aRead More →

BP swings to loss on weaker upstream earnings

2019-10-29

BP PLC said Tuesday that it swung to a loss in third-quarter earnings as it reported a divestment-related charge as well as lower upstream earnings. The London-based energy giant BP, -0.28% BP, +0.00%  posted a replacement-cost loss–a metric similar to the net income figure that U.S. oil companies report–of $351Read More →