You Searched For "Asset impairment" and got 18 results
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2 mins read
MicroStrategy reported a $146 million impairment charge related to its bitcoin holdings in the 4th quarter
The firm on Tuesday said it bought another $25 million of bitcoin at an average price of $37,865 pe…
Isabelle Lee
3 mins read
Edelweiss Group books Rs 2,245 cr net loss on upfront COVID provisioning
Group chairman and chief executive Rashesh Shah told on Sunday that the numbers are not comparable …
PTI
2 mins read
RBI issues guidelines for Ind AS implementation by NBFCs, ARCs
"The RBI expects the board of directors to approve sound methodologies for computation of expected…
PTI
2 mins read
Tesla logged a $101 million impairment loss from bitcoin in 2021 as the cryptocurrency's value fluctuated
Tesla invested $1.5 billion in bitcoin in 2021, and the fair market value of its holdings ended the…
Carla Mozée
1 min read
Michael Saylor to step down as MicroStrategy CEO as the software maker records $917 million charge on bitcoin investment
Saylor will become MicroStrategy's executive chairman and said he'd focus more on the company's bit…
Carla Mozée
1 min read
Block slides as drop in bitcoin revenue dents 2nd-quarter earnings for the Cash App parent
Bitcoin's price dropped by nearly 60% during the second quarter but has recovered slightly to trade…
Carla Mozée
2 mins read
Shell slumps to an $18 billion loss as it takes huge asset write-downs amid low oil prices and slumping demand
Shell's gloomy forecast follows its decision to cut its dividend the first time since World War II,…
Saloni Sardana
5 mins read
One line on Salesforce's balance sheet gives a clue to the premium it's paying for its acquisitions - and the growing risk behind that strategy
Goodwill write-offs, in fact, are growing among publicly traded companies in the U.S. In 2018, tota…
Eugene Kim
3 mins read
The American television business is now 'structurally impaired'
On a recent sleepless night, we had this epiphany: the market is now valuing U.S. ad-supported TV b…
Myles Udland
1 min read
AOL Reports Q3 Earnings, Beats Expectations
Profits are down sharply year-over-year, but that's because AOL finally cut costs in its local news…
2 mins read
The Canadian cannabis producer Aphria plunges after missing on earnings and speeding up the expiration of Green Growth Brands' hostile takeover bid
Aphria posted a bigger than expected third-quarter loss on Monday, sending shares down as much as 1…
Arjun Reddy
1 min read
Tata Steel slips into red; reports Rs 1228 cr net loss in Oct-Dec
Tata Steel had posted a consolidated net profit of Rs 1,753.07 crore during the same quarter a yea…
PTI
1 min read
Dropbox falls as charge on real estate in shift to remote leads to wider quarterly net loss
Dropbox stock fell as the cloud-storage company's fourth-quarter net loss widened on a charge relat…
Carla Mozée
2 mins read
Yahoo spent $1 billion to buy Tumblr - now it's hinting it may write off nearly the entire deal
"Given the partial impairment recorded in the Tumblr reporting unit in 2015, it is reasonably possi…
Eugene Kim
2 mins read
Tesla's bitcoin holdings fell nearly $1.8 billion in value last year, as Elon Musk called crypto a 'sideshow'
A bloodbath for crypto in 2022 saw Tesla's $1.5 billion bet on bitcoin backfire, as Elon Musk's car…
Ryan Hogg
4 mins read
Here's how the corporate merger explosion could accelerate a market crash and make the next recession even worse
"Asset write-downs or impairments consequently increase in periods of widespread market devaluation…
Joe Ciolli
2 mins read
CHART OF THE DAY: Here's How You Should Think About 'Adjusted' Earnings
S&P 500 GAAP EPS has both a cyclical and secular tendency to understate EPS appropriate for val…
Sam Ro
1 min read
Lupin Q3 net loss widens to Rs 835 cr
"There are a lot of one-times in the numbers this quarter. The reported performance was significan…