Over the next two years, we will reduce firm-wide operating expenses by an additional $1.6 billion, which represents 14 percent of 2015 general operating expenses.
|
|
Meanwhile, average operating expenses represented 34 percent ($69,20153) of the revenue of Hispanic-owned companies, while non-Hispanic companies had average operating expenses of 41 percent ($84,700) of their revenues.
|
|
CBOE expects operating expenses to be in the range of $415 million to $423 million in the fiscal year 2017, compared with pro forma adjusted operating expenses of $417 million in 2016.
|
|
Total operating expenses, including cost of revenue, rose by 21% to $766 million, partly due to plans to hire more employees and reiterated that operating expenses would grow about 20% in 2019.
|
|
Noble's total operating expenses fell 2000 percent to $21.9 billion.
|
|
Operating expenses rose to $190 million from $112 million previously.
|
|
Total operating expenses fell nearly 24 percent to $119.7 million.
|
|
SCB's operating expenses rose 20.6 percent from a year earlier.
|
|
Total general operating expenses fell 9.6 percent to $2.48 billion.
|
|
It also reduced CIB operating expenses by 6.2% to €1.9bn.
|
|
The company's total operating expenses rose 23.5% to $1.76 billion.
|
|
The ratio measures operating expenses as a percentage of revenue.
|
|
The company's operating expenses fell 35.5 percent to $130.6 million.
|
|
He had six months of operating expenses to float his business.
|
|
The company's total operating expenses jumped 32 percent to $2.52 billion.
|
|
Vehicle and operating expenses were up 6 percent to $1.22 billion.
|
|
Its second-quarter operating expenses declined 1.1% from a year earlier.
|
|
RPT - HSBC - QTRLY ADJUSTED OPERATING EXPENSES $7,548 MLN VS $7,487 MLN
|
|
Investors appear to be concentrating on a surge in operating expenses.
|
|
While revenue beat estimates, operating expenses were more than 7% higher.
|
|
The operating ratio shows operating expenses as a percentage of revenue.
|
|
Assume 2020 operating expenses come in closer to 7 billion pounds.
|
|
It's actually loaning Sprout $25 million to fund initial operating expenses.
|
|
Lilly also said it slashed its operating expenses by 5 percent.
|
|
Telus said operating expenses fell 1.1 percent to C$2.46 billion.
|
|
Rather, it tries to cover its operating expenses by charging postage.
|
|
Rising operating expenses also will cut into bank profits, reducing ROEs.
|
|
Operating expenses rose slightly, to $10.4 billion, in the second quarter.
|
|
Cutting operating expenses on routes to outbreak hotspots hasn't been enough.
|
|
But the industry consolidated, reduced operating expenses and improved drilling efficiency.
|
|
The company's operating expenses rose about 10 percent to $88.14 million.
|
|
The technological advancement will reduce helicopter operating expenses by 15 percent.
|
|
Operating expenses also ballooned, dragging the company further into the red.
|
|
However the company also added $85 million of solar-related operating expenses.
|
|
Excluding these items, operating expenses were up 18 percent year over year.
|
|
Still, investors appear to be concentrating on a surge in operating expenses.
|
|
The increase reflects higher revenue despite a 0.8% increase in operating expenses.
|
|
The company's general, administrative and store operating expenses rose about 7 percent.
|
|
It aims to cut $2.63 billion from annual operating expenses by 2018.
|
|
Operating expenses in the quarter increased 21 percent to 130 million euros.
|
|
The company said its total operating expenses nearly halved to $2.84 billion.
|
|
Operating expenses of 744 million euros were 6% higher than last year.
|
|
Total operating expenses in the quarter fell 374.23 pct to $323.36 million.
|
|
Overall operating expenses fell 6 percent compared with the year-earlier period.
|
|
He said Sears had streamlined operations, reduced inventory and minimized operating expenses.
|
|
Operating expenses rose 15 percent to $180.5 million in the latest quarter.
|
|
Operating expenses were down 3103 percent to £3.83 billion in the quarter.
|
|
Operating expenses rose 1.6 percent from a year earlier to $392 million.
|
|
Operating expenses were down 14 percent in the quarter, to £3.87 billion.
|
|
Operating expenses declined 6 percent in the quarter to 4.94 billion francs.
|
|
These initiatives, however, increased operating expenses by 19 percent to $2.2 billion.
|
|
The agency's budget is set at a percentage of Fed operating expenses.
|
|
It will also study ways to reduce capital expenditure and operating expenses.
|
|
"Low gas prices reduce operating expenses," says Jack Mozloom, an NFIB spokesman.
|
|
"We're able to meet our operating expenses off of revenue," says Kimel.
|
|
Amazon's total operating expenses surged 21.8% during the quarter to $83.56 billion.
|
|
However, lower operating expenses helped the bank beat Wall Street's low expectations.
|
|
Roku anticipates about $905 million in GAAP operating expenses, with the increase mostly due to its headcount increase in 2019 as well as higher facilities costs at its new headquarters and operating expenses from its acquisition of Dataxu.
|
|
Worse yet, the city had turned to management and accounting gimmicks, like transferring salaries and other operating expenses to its capital budget, which was supposed to be used for long-term infrastructure projects, not day-to-day operating expenses.
|
|
Three quarters of Congo's budget pays civil servant salaries and government operating expenses.
|
|
Operating expenses fell from a year ago, as did the cost of credit.
|
|
The company reiterated that operating expenses would grow about 20 percent in 2019.
|
|
In the most recent fiscal year, Apple had $30.94 billion in operating expenses.
|
|
In the most recent fiscal year Apple had $30.94 billion in operating expenses.
|
|
Revenue came in above estimates, but operating expenses were up more than 7%.
|
|
These types of coverages keep operating expenses covered, like payroll or the lease.
|
|
Operating expenses declined in the quarter, as litigation costs fell about 67 percent.
|
|
More than $55 million of Seattle's 2017 operating expenses come from federal funding.
|
|
It also blamed an increase in operating expenses for its reduced earnings outlook.
|
|
Total operating expenses in the second quarter rose 4 percent to $1.74 billion.
|
|
In the second quarter, operating expenses rose to $631 million from $125 million.
|
|
Chesapeake had incurred operating expenses of $3.51 billion in the year-earlier quarter.
|
|
Wolken confirms that operating expenses are exceeding revenue by roughly three million dollars.
|
|
Operating expenses in these two areas remained broadly flat from the previous year.
|
|
Operating expenses rose by 3 percent from a year ago to $1.8 billion.
|
|
In the third quarter, operating expenses rose to $909.5 million from $579.24 million.
|
|
The company's operating expenses fell 5.3 percent to $2.67 billion in this quarter.
|
|
Cloudera's operating expenses more than tripled, with its sales and marketing bill doubling.
|
|
The company's total operating expenses was $801.73 million for its fiscal year 2801.7.
|
|
Ride-share drivers are responsible for operating expenses like car maintenance and gas.
|
|
The analyst predicts the company will not lower its operating expenses anytime soon.
|
|
At the same time, operating expenses were 13 percent higher at $9.4 billion.
|
|
J&J has continued to look for ways to cut its operating expenses.
|
|
Net sales beat expectations, while operating expenses rose 12.2 percent to $741.6 million.
|
|
The company's total operating expenses in the quarter surged 317.6% to $477.5 million.
|
|
Hardly a selling point, unless you are seeking to increase your operating expenses.
|
|
The company had been trying to reduce operating expenses, but it wasn't enough.
|
|
Its operating expenses, meanwhile, hit $10.9 billion, up 24 percent year-over-year.
|
|
The bottom line was impacted by a nearly 10% rise in operating expenses.
|
|
The company said operating expenses rose by 10 percent to C$1.76 billion.
|
|
Operating expenses jumped 52.4 percent, largely due to higher research and development costs.
|
|
Operating expenses fell 11.3% to C$106.2 million, as it recorded lower severance costs.
|
|
Operating expenses soared 2000 percent in the quarter, leading some analysts to caution investors.
|
|
Former employees say that the company used those funds to help cover operating expenses.
|
|
Its gross profit from that was $274 million, while operating expenses were $363 million.
|
|
He put the cost per seat operating expenses at around 8 cents per mile.
|
|
Operating expenses as a percentage of revenue fell 330 basis points to 66 percent.
|
|
The company's total costs and operating expenses fell about 5% in the second quarter.
|
|
Cronos posted a more than four-fold rise in operating expenses during the quarter.
|
|
Operating expenses, including research and product launch costs, increased 2897 percent to $222 billion.
|
|
Operating expenses declined 19 percent amid a network sharing agreement with rival HOT Mobile.
|
|
The company's total operating expenses jumped 32 percent to $2.52 billion in the quarter.
|
|
Operating expenses rose marginally to $1.64 billion from severance costs related to Visa Europe.
|
|
Non-interest income gained 12.7% to 960 million shekels and operating expenses rose 5.3%.
|
|
Alphabet's operating expenses were $10.7 billion, which was up 27 percent year-over-year.
|
|
He promised to run the park and pay the operating expenses for 20 years.
|
|
An Amazon executive said in 2016 that Kiva robots cut operating expenses by 20%.
|
|
Once gross profit and those massive operating expenses are sorted out, Son anticipates profitability
|
|
Then assume that Johnson & Johnson can rip out 20 percent of Actelion's operating expenses.
|
|
Under the CBD's alternative proposal, a SAI disclosure would detail the BDC's operating expenses.
|
|
In recent months, Tesla has not sold enough cars to cover its operating expenses.
|
|
He added that building owners would eventually recoup those costs through lower operating expenses.
|
|
The European Union is adding an extra €9 million to help cover operating expenses.
|
|
Its cash reserves of $2.8 billion are just 7% of its 2019 operating expenses.
|
|
CEO Antonio Neri said that Robbiati led Sprint's efforts to reduce its operating expenses.
|
|
Plus, operating expenses will also be an EBIT margin headwind in 2020, said Forbes.
|
|
Valeant said it will provide a $25 million loan to fund initial operating expenses.
|
|
While its operating expenses declined 3.0 percent to $10.5 billion, revenue fell 11 percent.
|
|
The USDA gave the Square Roots entrepreneurs small loans to cover preliminary operating expenses.
|
|
Two hundred full-time positions will be eliminated in an attempt to reduce operating expenses.
|
|
Tasnee cited an increase in sales volume and a decrease in non-core operating expenses.
|
|
High Operating Leverage: RPI FT's modest operating expenses result in EBITDA margins exceeding 90% annually.
|
|
Operating expenses rose 5% amid spending on new products, M&A activity and regulatory projects.
|
|
Sales rose about 81 percent in the quarter, while total operating expenses increased 54 percent.
|
|
Big oil companies have responded to plummeting prices by cutting capital spending and operating expenses.
|
|
Making iPhone X devices caused Foxconn's operating expenses to rise over 16 percent in Q3.
|
|
THE 56.5% REALIZED IN Q1 * EXPECTS Q2 OPERATING EXPENSES TO DECREASE APPROXIMATELY 5%-10% VERSUS.
|
|
Total operating expenses were the red flag on Wall Street, making for some volatile trading.
|
|
Total operating expenses slumped nearly 63 percent, compensating for a 32.6 percent fall in revenue.
|
|
Operating expenses were $352 million in the quarter, up $54 million from a year earlier.
|
|
Weed companies must pay tax – but because of federal rules, their operating expenses aren't deductible.
|
|
Their operating expenses are priced in roubles but most of their revenues come in dollars.
|
|
Operating expenses rose to 1.89 billion reais from 1.37 billion reais in the third quarter.
|
|
ICE expects second quarter operating expenses in the range of $570 million to $580 million.
|
|
Visa expects adjusted operating expenses to be in the mid-single-digit range in 2018.
|
|
Operating ratio is a closely watched measure of operating expenses as a percentage of revenue.
|
|
FCF is money left over after a company pays for operating expenses and capital spending.
|
|
Total operating expenses fell by 8.4 percent as impairment charges for financing and salaries dropped.
|
|
And it predicted flat operating expenses through 25, which analysts said should help profit margins.
|
|
Match's total operating expenses rose about 22 percent to $28 million in the fourth quarter.
|
|
Operating expenses increased at a slower pace than revenues; thus, overall efficiency continued to improve.
|
|
These costs are no different than the operating expenses that all companies incur and deduct.
|
|
It said some of the money had been used to cover the magazine's operating expenses.
|
|
Hospitals that comply with such rules should be guaranteed interest-free loans for operating expenses.
|
|
The office messaging platform's total operating expenses in the quarter leaped 67% to $248.7 million.
|
|
The bank reported significant increases in credit loss expenses and operating expenses for the quarter.
|
|
The company said total operating expenses fell 11.6% to $43 billion in the fourth quarter.
|
|
Operating expenses before acquisition costs fell 9 percent to C$87.1 million in the period.
|
|
Operating expenses decreased by 7.9% to 1.97 billion crowns ($86.94 million) in the fourth quarter.
|
|
The firm points to faster ad revenue growth and improved discipline in managing operating expenses.
|
|
Operating expenses rose 28.2 percent to $37.33 billion in the second quarter ended June 30.
|
|
Telus said operating expenses before depreciation and amortization rose 6.3 percent to C$2.20 billion.
|
|
Operating expenses increased by 6123 47 percent to nearly $262 million from the prior year.
|
|
Operating expenses grew by 3% yoy (7% excluding restructuring costs), partly reflecting investments in digital initiatives.
|
|
The company's administrative and other operating expenses have remained fairly stable over the past four years.
|
|
Overall operating expenses increased 9 percent to C$1.22 billion ($908.4 million) in the first quarter.
|
|
Operating expenses were $9 billion in the period, down 7 percent from $9.7 billion in 2014.
|
|
Salary expenses rose 17 percent in the January-March period, while operating expenses grew 27 percent.
|
|
However, operating expenses more than doubled to $149.1 million due partly to higher compensation-related costs.
|
|
That effort is bearing fruit, as operating expenses fell by 12 percent to 3.76 billion euros.
|
|
Operating expenses rose 7.4 percent to $13.531 billion from $12.595 billion in the year-ago quarter.
|
|
Snap said it will use the proceeds to cover operating expenses associated with running the business.
|
|
Operating expenses, however, fell 15.3 percent to $2.15 billion, partly cushioning the blow from catastrophe losses.
|
|
All this has reduced operating expenses dramatically, from about $2100 billion a quarter to $274 billion.
|
|
Operating expenses fell by 1.6% to €1.88bn but were up 2.9% stripping out the FX effect.
|
|
Operating margins fell to 4.9 percent from 5.1 percent, and U.S. operating expenses rose 3.9 percent.
|
|
Operating expenses rose 43 percent to $1.76 billion, partly from investments in the company's developmental programs.
|
|
But after he paid operating expenses and mortgage payments, only $2150,2104 was left for the year.
|
|
The deadlock affects the 25 percent of government operating expenses that Congress has not yet funded.
|
|
Meanwhile, Goldman Sachs analysts expect operating expenses at Amazon to jump 40 percent to $15.3 billion.
|
|
Net interest income rose 1.7 percent to 1.207 billion shekels, while operating expenses dipped 4.1 percent.
|
|
No wonder insurers continue to make record profits, even while their operating expenses are relatively flat.
|
|
Rising costs are an ongoing concern for airlines, as high fuel prices have swelled operating expenses.
|
|
The bank attributed the fall in net profit to a 6.5 percent rise in operating expenses.
|
|
It said that over the past three years, it had reduced operating expenses by $186.9 million.
|
|
In rough terms, hospitals and clinics would have almost $750 million more to cover operating expenses.
|
|
About 60 percent of the authority's operating expenses pay for labor costs, according to the report.
|
|
Operating expenses climbed by 4 percent from the quarter before as marketing and information technology costs rose.
|
|
Goldman's operating expenses fell 11 percent to $5.9 billion, mostly on a sharp drop in compensation costs.
|
|
Free cash flow is money left over after a company pays for operating expenses and capital spending.
|
|
Unit costs, or total operating expenses per available seat mile, rose 5.9 percent in the first quarter.
|
|
TO), said operating expenses surged 23.38 percent to C$23.18 billion ($23 billion) in the first quarter.
|
|
A breakdown of total operating expenses is presented as follows: On 11 March 2014 Regeneron Pharmaceuticals Inc.
|
|
Its operating ratio (operating expenses as a percentage of revenues) was 81.3 at the end of 2011.
|
|
Operating expenses increased to 257 billion francs, from 6.34 billion francs in the fourth quarter of 2014.
|
|
Kansas City Southern reported a 13 percent decrease in operating expenses to $348.6 million from $0.63 million.
|
|
Factoring in gross margin and operating expenses, the two trucks would net Honest Foods $180,000 per year.
|
|
Operating expenses rose to $386 million from $290 million a year earlier, mainly due to acquisition costs.
|
|
The economics are potentially game-changing, with operating expenses of around $2120 per hour for the aircraft.
|
|
We will recognize and include these expenses as part of our operating expenses as they are incurred.
|
|
That is a risky gamble, given the relatively high operating expenses of United and other legacy carriers.
|
|
At the same time the company's operating expenses fell 12.5 percent to $165.1 million in the quarter.
|
|
The company said it expects operating expenses between $540 million and $550 million in the current quarter.
|
|
It will require the company to reduce headcount in sales and should help cut some operating expenses.
|
|
The bank was helped by a fall in operating expenses and impairment charges for financing and investments.
|
|
I'm in the service industry, so this means having two years of operating expenses at all times.
|
|
The culprit appears to be Amazon's retail operating expenses, which swallowed almost the entirety of its income.
|
|
Meanwhile, its operating expenses increased 8% YoY due to jumps in both marketing and professional services costs.
|
|
In 2015, Amazon spent $11.5 billion on shipping, 46 percent of its total operating expenses that year.
|
|
The money would only be used for capital improvements and not for operating expenses, they pointed out.
|
|
"Their footprints are so large, and rent typically constitutes one of their largest operating expenses," he added.
|
|
It failed to make any recommendations, but its operating expenses added about $500,000 to the national debt.
|
|
This is pocket change for an institution like Harvard, whose operating expenses last year approached $5 billion.
|
|
Total operating expenses were $882.8 million in the fourth quarter, up from $614.7 million a year ago.
|
|
Eni said the advances it paid for capital and operating expenses would gradually be reimbursed in kind.
|
|
"There are big daily operating expenses with the repositioning of scooters using cars and vans," Shevelenko said.
|
|
Nonetheless, in total, the group saw operating expenses going up by 4.2 percent from a year ago.
|
|
But the data-software firm's operating expenses more than tripled, and its sales and marketing bills doubled.
|
|
The ratio expresses operating expenses as a percentage of revenue, so the lower the figure the better.
|
|
But the company also showed negative operating leverage, with operating expenses surging 22018% over the prior year.
|
|
The company cited high chicken wing costs, increased operating expenses, and lower than expected same-store sales.
|
|
It also said it would be cutting its operating expenses this year by around 400 million euros.
|
|
That included cutting investment spending by 24.2% to around $22023 billion and operating expenses by $100 million.
|
|
The company's operating expenses of $1.30 billion were higher than Raymond James' estimate of $23 billion, Molchanov said.
|
|
A big driver of Citigroup's performance in the fourth quarter was a 23 percent drop in operating expenses.
|
|
Operating expenses fell 210.9 percent to $210.5 billion in the quarter, driven in part by lower compensation costs.
|
|
At least five analysts prodded Wells Fargo executives about its operating expenses on a conference call last week.
|
|
Operating expenses actually fell last year, compared with 2018, even though the company delivered 50 percent more cars.
|
|
We expect our operating expenses to increase significantly in the foreseeable future, and we may not achieve profitability.
|
|
Noble's total operating expenses nearly halved to $7.53 million in the quarter, as exploration costs sank 90 percent.
|
|
The material is relatively cheap and it makes up a fraction of a business's operating expenses, Wingstrand says.
|
|
If Emptor can give them a way to control their operating expenses and improve their margins, everyone wins.
|
|
Sanders, for instance, spent nearly $1.6 million on digital ads, or nearly a third of his operating expenses.
|
|
Revenue beat estimates, but the bottom line was impacted by a more than 50% increase in operating expenses.
|
|
It also said some of the quarter's losses were because of one-time operating expenses and currency fluctuations.
|
|
The bank said its operating expenses were the lowest since 2008, a key metric that investors are watching.
|
|
Non-GAAP operating expenses hit $429 million in the fourth quarter, up 18 percent from the third quarter.
|
|
Net income fell by nearly a quarter due to a higher cost of credit and higher operating expenses.
|
|
The company hopes to trim operating expenses by more than $8663 million by the end of the year.
|
|
Results were also helped by releases from risk provisions and by a 6% yoy decline in operating expenses.
|
|
However, the company's net loss widened in the second quarter ended June 26, as operating expenses nearly doubled.
|
|
Operating expenses rose 91 percent to $54.8 million, while cost of revenue more than doubled to $40.5 million.
|
|
Operating expenses have been slashed by half over that stretch and its headcount dropped to 250 from 550.
|
|
The company said it expected the cost cuts to reduce 238 annual operating expenses to about $291.8 million.
|
|
Operating expenses soared to $235.3 million, slicing into profits and raising concern about the company's long-term outlook.
|
|
The bank's operating expenses were up 2 percent in the quarter as it spent more in technological overhauls.
|
|
By going ad-free, Ms. Rodale said, Prevention will reduce its operating expenses by more than 50 percent.
|
|
The company said operating expenses jumped 339.53 percent in the quarter ended April 30, from a year earlier.
|
|
Alphabet's operating expenses were $11.1 billion, up 26 percent year-over-year, primarily driven by R&D expenses.
|
|
"We were hard pressed to meet operating expenses," Ms. Ambrosini explained, and there was no money for Daubigny.
|
|
It's also reclassifying promotions for specific customer groups in a market as operating expenses, rather than contra-revenue.
|
|
Thanks in part to those cuts, the company was able to reduce its operating expenses by $50 million.
|
|
In 73.43, the company spent $19.5.4 billion on shipping, 25.5 percent of its total operating expenses that year.
|
|
Operating expenses rose as a result of higher credit costs and other general and administrative expenses, it said.
|
|
Expecting a small nonprofit to maintain, say, a reserve of two years of operating expenses may be unrealistic.
|
|
Other aid areas include maternal and child health, agriculture, operating expenses, water supply and sanitation, and general health.
|
|
The restaurant chain cited high chicken wing costs, increased operating expenses, and lower than expected same-store sales.
|
|
INSMED - EXPECTS ADJUSTED OPERATING EXPENSES TO BE IN THE RANGE OF $340 MILLION TO $360 MILLION FOR 2020
|
|
It incurred A$80.6 million ($53 million) in operating expenses, compared with A$25.4 million a year ago.
|
|
Naturally, all this will cost money — $836 million, Mr. Lhota says, in both operating expenses and capital investments.
|
|
However, net income fell 32 percent to $79.4 million as the company's total operating expenses rose 23 percent.
|
|
Delta said operating expenses climbed during the quarter on higher salaries and fuel costs, its two biggest components.
|
|
The smartphone maker-turned-software company said operating expenses fell 49.2 percent to $229 million in the quarter.
|
|
The company said that its operating expenses rose about 28 percent to $385 million in the second quarter.
|
|
Total operating expenses increased by 0.5 percent, limited by a drop in impairment charges on financing and investments.
|
|
There would be separate budgets for operating expenses and capital costs like hospital construction and major equipment purchases.
|
|
That is because over-remuneration could result in overly high operating expenses and the payment of too little tax.
|
|
Still, its loan originations fell significantly in the past quarter as operating expenses grew 4.3 percent to $154.37 million.
|
|
They now represent 34 percent of CBS's operating expenses, up from 23 percent in 2011, according to company filings.
|
|
The improved margin was driven by better production efficiency, a wider product margin and cuts in general operating expenses.
|
|
Eventbrite also gave a weaker than expected forecast for the current quarter, as it deals with higher operating expenses.
|
|
Tesla reported $210 million in free cash flow, a measure of cash generated beyond operating expenses and capital spending.
|
|
Small operating profit in first half — because of growth in revenues and reduction of 5 percent in operating expenses.
|
|
VALERO ENERGY CORP - EXPECTS Q4 REFINING CASH OPERATING EXPENSES TO BE ABOUT $3.95 PER BARREL-CO EXEC, CONF CALL
|
|
The bank cited an 18.7 percent jump in total operating expenses, caused by higher impairments on financings and investments.
|
|
Rowe -firm recognized in its q22016 of 2700.7 operating expenses an insurance recovery of $24 million before taxes, or $.
|
|
In 2019, the fuel bill is forecast to rise to $206 billion, accounting for 25% of airlines' operating expenses.
|
|
Net income fell 30 percent to $287.5 million, hurt by a lower revenue from PharMEDium and high operating expenses.
|
|
The bank was "managing operating expenses and investment spending in line with the increased risks to revenue," it said.
|
|
Operating expenses for the year fell 9.4 percent to 212.5 million euros from 234.7 million euros a year earlier.
|
|
According the indictment, Wyllie used at least $7 million of those proceeds to instead pay for school operating expenses.
|
|
However, operating expenses swelled, increasing 9.63 percent to $29.6 billion, on the back of higher fuel and labor costs.
|
|
Salmon said he expected margins to be supported in the future by a decrease in capital and operating expenses.
|
|
The railroad - which also has been closing yards and revamping train schedules - cut operating expenses 7% during the quarter.
|
|
This helped to offset lower income from the sale of investments and a 0.9 percent increase in operating expenses.
|
|
Lazard said operating expenses rose about 18 percent to $534.71 million as compensation and benefits costs jumped 14 percent.
|
|
The insurer is looking to cut its gross general operating expenses by $1.6 billion by the end of 2017.
|
|
Citigroup's Q2 2019earningsrevealed that the bank cut company-wide operating expenses by 2% to $10.5 billion,according to CNBC.
|
|
It posted a smaller annual loss in 2015, mainly due to decline in operating expenses and fuel oil costs.
|
|
Full-year operating expenses are expected to increase by a high single-digit percentage on a currency-neutral basis.
|
|
The company's operating expenses dropped 15 percent to 489 million shekels but finance costs nearly doubled to 54 million.
|
|
Companies moving storage and workloads to the cloud often spend a significant percentage of their operating expenses on infrastructure.
|
|
Most recently, the company posted a gross profit of $163 million on total operating expenses of about $300 million.
|
|
Operating expenses will keep rising, the company said, as Facebook hires in key areas to deal with the issues.
|
|
The company said it was also planning to reduce spending and operating expenses as a part of the move.
|
|
Square's total operating expenses rose 55 percent mainly due to product development-related expenditures and its acquisition of Weebly.
|
|
Results also reflect increased loan impairment charges in its US credit card division and some pressure on operating expenses.
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The company's operating loss widened to $15.3 million from $2.6 million, as operating expenses jumped by almost 50 percent.
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Operating expenses rose 27 percent to $1.64 billion, mainly driven by the inclusion of Visa Europe, the company said.
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We estimate that proportion of Silknet's operating expenses in foreign currency is higher than most of its international peers.
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It was a small measure, but it demonstrated a relaxed approach to the distinction between capital and operating expenses.
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The company chalked that up to lower exploration and operating expenses and its oil and gas fetching a higher price.
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The majority of these operating expenses, however, can be attributed to share-based compensation expense and a nonrecurring litigation accrual.
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Operating expenses fell 11 percent and included one-time expenses related to legal fees and the discontinuation of Swiss activities.
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Operating expenses jumped 14 percent in the first quarter, also due to a crude oil train derailment in Western Canada.
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For the first quarter, Tesla reported operating expenses of $417 million, versus estimates of about $434 million, according to StreetAccount.
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We don't forecast stock price changes in our guidance so upward or downward movements will impact our reported operating expenses.
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Operating expenses rose 33 percent to £5.76 billion in the quarter, from £4.32 billion in the fourth quarter of 2014.
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For the first quarter, general operating expenses fell 5 percent from the prior-year period, excluding foreign exchange rate changes.
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The government plans to reduce operating expenses over four years by shrinking Albertas public sector and cutting administrative red tape.
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As operating expenses have climbed due to the rising costs of food, energy, and rent, menu prices have gone up.
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Operating expenses rose 3.3% from a year earlier and the bank sees it growing between 3% and 6% in 2019.
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Investors closely watch operating cash flow as a sign of a company's ability to cover shareholder payouts and operating expenses.
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It spends 140bn rand ($10bn) per year on operating expenses, including 50bn rand on coal to fuel its power stations.
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The adjustment conforms Danya's income statement presentation with that of DLH, classifying certain operating expenses as direct fringe costs. 3d.
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Revenue, excluding transaction-based expenses, rose 3.8 percent to $607 million, while operating expenses fell 2.6 percent to $343 million.
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Valero's total throughput was 2.6% above the brokerage's estimates, while operating expenses per barrel was 6.2% lower than its estimates.
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Operating expenses before depreciation and amortization rose by C$120 million ($94 million) to C$2.08 billion, the company said.
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It also said it would cut operating expenses by more than $200 million and return to EBITDA profitability in 2017.
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The company also said it would return to profitability in 2017 by cutting operating expenses by more than $6793 million.
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Bundled with significant increases in operating expenses of roughly $7 million, the company's profit margin dipped deep into the negative.
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The company also lowered its forecast for lease operating expenses to $8.25 to $8.75 boepd from $4813 to $9.00 boepd.
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NJ Transit, the state's public transportation system, pays Amtrak $2.5 million to $5 million each month to cover operating expenses.
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Operating expenses jumped 12% from last year's quarter, to $8.4 billion, due in large part to the acquisition of LinkedIn.
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The SEC said the three manipulated operating expenses to lower a key metric related to the cost of oil extraction.
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He said CPS would use proceeds from bond sales to repair and improve its facilities, but not for operating expenses.
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Intuitive said operating expenses rose 2892.4 percent year-over-year to $306.3 million in the fourth quarter ended Dec. 31.
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Operating expenses increased 12.8 percent to 124.8 million euros but remained smaller than a consensus forecast of 130 million euros.
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Its operating expenses rose about 41 percent to $4.12 billion in the latest quarter, including due to the impairment charge.
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Operating expenses and burn rates will come way down, and companies that didn't worry about profitability or unit economics will.
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These sources mean that, on average, airports in North America have net revenues that exceed their capital and operating expenses.
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Operating expenses declined 10 percent to $2.2 billion in the quarter, from $2.5 billion in the first quarter of 2015.
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ING's operating expenses rose to 2.44 billion euros in the quarter just ended, from 2.31 billion euros a year ago.
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In the latest quarter, Hortonworks generated 247 percent revenue growth from a year earlier, while its operating expenses fell slightly.
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Total operating expenses rose nearly five fold to C$34.8 million, driven by a surge in general and administrative expenses.
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Previously viable companies could apply to borrow the equivalent of, say, six months of operating expenses, at low interest rates.
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Operating ratio — a key indicator watched by Wall Street — represents the company's operating expenses as a percentage of its revenue.
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Operating expenses for Alphabet (again excluding the fine) rose 23 percent from a year earlier, while Facebook's jumped 33 percent.
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The bank cited a 47.9 percent rise in operating expenses mainly due an increase in impairment charges for credit losses.
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Further, lenders can charge lower or higher rates depending on their own capital cost structure and operating expenses, said Funderburk.
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A company's EBITDA margin is a measure of profitability against sales, and a higher margin correlates with lower operating expenses.
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D.tech is paying Oracle $1 a year in rent and plans to cover operating expenses like electricity and janitorial services.
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For the year, it listed research and development costs of $42.6 million and a combined $85.3 million in operating expenses.
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The telecom equipment maker, looking to increase efficiency, said its latest moves were aimed at doubling its savings in operating expenses.
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Operating income for the year to June, 30 2014 was $223 million, the utility said, while operating expenses fell 5.4 percent.
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He said with the new planes, costs would go down by 40 percent and operating expenses would drop by 15 percent.
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Petronas is targeting lowering operating expenses, job cuts and project rollbacks to help it navigate through the low oil price environment.
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Profitability remained resilient in 2016, with higher fee and interest income offsetting an increase in operating expenses due to integration costs.
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It improved production on the Model 3 from last year while cutting operating expenses, and turned a profit that surprised investors.
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|
It forecasts higher revenues in the current economic environment, lower operating expenses and a decline in its cost-to-income ratio.
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Total operating expenses, excluding fuel and Roundy's, fell 35.713 basis points as a percent of sales compared to the last year.
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The company intends to use offering proceeds to acquire land, develop buildings and fund operating expenses, according to a securities filing.
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Operating expenses rose 4 percent to €5.42 billion in the fourth quarter, from €5.22 billion in the period a year earlier.
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Operating expenses rose 11% to 387 million euros, with expenses in sales and marketing up almost 22% from a year earlier.
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The company said on Tuesday total operating expenses fell 67.4 percent to $2.71 billion in the fourth quarter ended Dec. 211.12.
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Snap said it would use the proceeds from its IPO for general purposes, including working capital, operating expenses and capital expenditures.
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The lower transaction fees were offset by lower operating expenses which fell 17 percent to $280.53 million in the reported period.
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Meanwhile, half year statutory profit came in 11.4 percent lower at NZ$82.8 million, hurt by higher operating expenses and taxes.
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Classifying its workers as employees could have raised Uber's operating expenses significantly and would go against its business model and identity.
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CHF, WHILE OPERATING EXPENSES STABILIZED AT CHF 86.6 MILLION YEAR-ON-YEAR Source text for Eikon: Further company coverage: (Gdynia Newsroom)
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She added that the $83 million cash on hand estimate represents less than a week of operating expenses for the district.
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Pandora said it expected a lower percentage of revenue in full-year 2018, hurt by operating expenses required for cost cuts.
|
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Total operating expenses, including cost of revenue, rose by 21% to $766 million, partly due to plans to hire more employees.
|
|
The SEC said the three had manipulated operating expenses to lower a key metric related to the cost of oil extraction.
|
|
Fuel costs rose nearly 25 percent in the fourth quarter, pushing operating expenses up about 12 percent to C$4.12 billion.
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Given operating expenses account for almost 63 percent of the company's revenue, missing volume forecasts puts a severe damper on margins.
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The CFPB was placed under the Federal Reserve, with its budget derived from a fixed percentage of the Fed's operating expenses.
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Operating expenses were down 33 percent to £2.42 billion in the quarter, from £3.61 billion in the first quarter of 2015.
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Citi also disclosed that higher operating expenses were primarily driven by the addition of Costco, volume growth, and continued marketing investments.
|
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Operating expenses for its "personal computing" division grew by 5 percent this quarter, driven by investments in search, AI, and gaming.
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Through its grant program, PAWS aims to support the construction and operating expenses of new or existing pet shelter and housing.
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The RealReal intends to use the money raised from the IPO for general corporate purposes, including working capital and operating expenses.
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The shift away from selling other retailers' products to its own has helped it reduce operating expenses and increase gross profit.
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KCB said it also cut operating expenses, its cost to income ratio as well as its funding costs in January-September.
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The improved EBITDA margin was driven by generally better production efficiency, a wider product margin and reduction in general operating expenses.
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Cielo's operating expenses grew by 46% in the first quarter from a year earlier, mainly as the company hired 1,000 salespeople.
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Canadian telecom provider Telus Corp reported a 2.4 percent drop in first-quarter profit on Thursday, hurt by higher operating expenses.
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Operating expenses rose as the company spent more on sales and marketing, including recruiting new staff to help sell new products.
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Raising money for annual operating expenses is much harder than raising money for capital projects, which generate excitement and naming opportunities.
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At the end of November, the company announced it was cutting about 200 jobs in an attempt to reduce operating expenses.
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The organization also requires every chapter to raise three years of operating expenses — about $1.5 million — before it can start work.
|
|
Congress passed five spending bills earlier this year totaling nearly $900 billion of the $1.2 trillion in federal agency operating expenses.
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Top U.S. oil and gas company Exxon said on Tuesday it was evaluating "significant" cuts to capital spending and operating expenses.
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Top U.S. oil and gas company Exxon said on Tuesday it was evaluating "significant" cuts to capital spending and operating expenses.
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Telus Corp , one of Canada's three biggest telecom providers, reported a higher-than-expected quarterly profit, helped by lower operating expenses.
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The company attributed the rise to higher revenues from property sales and lower operating expenses, such as payroll and consultancy fees.
|
|
Apple only traditionally provides forward guidance on a couple of numbers: revenue, gross margin, operating expenses, other income and tax rate.
|
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Morgan Stanley analysts said in a note to clients that the increased IT operating expenses do not "all sound one-off".
|
|
The fee-based earnings of CSC have been low due to low management fees and high operating expenses and interest payments.
|
|
Qorvo's ability to introduce new and innovative products w operating expenses under control bodes well for margin growth in the upcoming quarter.
|
|
Operating expenses rose 12.8 percent to $1.54 billion and Visa said it expects expenses to rise in the second quarter as well.
|
|
To compensate for this, Lazari said the bank would keep operating expenses under control, from flat to 4% growth at the most.
|
|
A main driver of the profit beat was a sharp drop in compensation costs, which helped cut operating expenses by 11 percent.
|
|
To compensate for this, Lazari said the bank would keep operating expenses under control, from flat to 4% growth at the most.
|
|
Despite the low-price environment, lower operating expenses, job cuts and project rollbacks helped the company post a profit increase in 2016.
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A large number of beds, coupled with lower operating expenses, allow youth hostel managers to generate attractive profitability levels, the report said.
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|
AND ON THE EXPENSE SIDE WE'RE PLEASED THAT WE HAVE BEEN ABLE TO REDUCE GENERAL OPERATING EXPENSES BY 5% YEAR ON YEAR.
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Its good operating efficiency and the sound quality of its subsidiaries' loan portfolios implies low operating expenses and support its good profitability.
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|
That is a decent-sized bet for Hollywood but a tiny fraction of Amazon's operating expenses, which topped $220 billion last year.
|
|
Total operating expenses fell by a tenth to 7.7 billion pounds, partly reflecting reduced litigation and conduct charges and tighter compensation costs.
|
|
The company makes money by taking a 20% commission above the price of the project for operating expenses and marketing, says Brand.
|
|
The company also said it managed to push down its operating expenses by six percent to $1.48 per thousand cubic feet equivalent.
|
|
But its drivers, unhappy with long wait times at charging stations and high operating expenses, said they want to return the cars.
|
|
In the latest period, JetBlue said that excluding fuel, its operating expenses per available seat mile rose 5.1 percent to 8.16 cents.
|
|
Meanwhile, operating expenses are up from the addition of hundreds of new employees and a new headquarters campus in Cambridge, outside London.
|
|
Furthermore, Fitch anticipates operating expenses will increase as sales staff and advertising are necessary to develop its new brand and product initiatives.
|
|
The bank attributed the performance to a 29.2 percent drop in total operating expenses, mainly due to a dip in impairment charges.
|
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Bank of America, the second-largest U.S. lender by assets, is working to cut annual operating expenses to $53 billion next year.
|
|
Fuel is one of the biggest costs for airlines, with analysts saying they generally make up about one third of operating expenses.
|
|
The company spent 38.3 million dirhams on marketing expenses and incurred operating expenses leading up to the opening of two theme parks.
|
|
Wikimedia generated revenue of $76 million while its operating expenses totaled about $53 million in its last fiscal year ending June 30.
|
|
The Norfolk, Virginia-based railroad reported a best-ever quarterly operating ratio, a measure of operating expenses as a percentage of revenue.
|
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Chief Financial Officer James Kehoe said Walgreens will invest about $1 billion over the next three years between operating expenses and capital.
|
|
At the same time, Guggenheim designated Ally Financial as a "Best Idea," citing an improving cost of funds and stable operating expenses.
|
|
Total operating expenses rose 20.4 percent to $1.46 billion in the quarter, partly from costs related to buying digital payments company Vocalink.
|
|
The credit-card company noted that total operating expenses increased 16% from the year-earlier period due to acquisitions and ongoing investments.
|
|
Operating expenses declined 7 percent to $8.26 billion in the first quarter, from $3.533 billion in the same period a year earlier.
|
|
Operating expenses declined 4 percent to €5.16 billion in the first quarter, from €5.38 billion in the same period a year earlier.
|
|
The decline in earnings, excluding the reserve, largely stemmed from lower incentive income and management fees as well as higher operating expenses.
|
|
Results show continued progress on taking down operating expenses, which the bank expects to reduce to under CHF18.5 billion for this year.
|
|
Tesla is also targeting cost reductions in the U.S and expects operating expenses will grow by less than 10 percent in 2019.
|
|
Analysts are also closely watching Apple's operating expenses, which have been increasing as its research and development costs outpace its revenue growth.
|
|
But even as its operating expenses rose by more than 50 percent last year, its loan originations grew by just 129.23 percent.
|
|
The company said it will use the proceeds for operating expenses and capital expenditures, as well as to fund any future acquisitions.
|
|
To help managers reduce operating expenses, for instance, Enertiv can install sensors to track the performance of elevators, boilers and other equipment.
|
|
Tesla's cash balance increased to $27.23 billion and total operating expenses rose less than 23% to $22 billion in the December quarter.
|
|
Visa also saw a 14% increase in operating expenses during the quarter as it spends more on rewards and incentives for cardholders.
|
|
Operating expenses fell 1.6 percent to $569 million in the second quarter, while transaction-based costs dropped 15.7 percent to $316 million.
|
|
Operating expenses increased 28 percent in the third quarter from the previous year on the back of higher fuel and labor costs.
|
|
If the company can produce enough cars, at a high enough margin, its operating expenses will dwindle in proportion to gross profit.
|
|
Net revenue grew by 38.5% year-on-year to 6.385 billion reais, while operating expenses climbed by 50.6% to 1.449 billion reais.
|
|
Pioneer is relying on an undisclosed amount of early funding from Gross, Andreessen and Stripe for both its investments and operating expenses.
|
|
Bank of America, the second-largest U.S. lender by assets, is working to reduce annual operating expenses to $53 billion next year.
|
|
Operating expenses grew to $17.5 billion in the first half of the year from $16.4 billion in the same period last year.
|
|
The bank cited a 67.6 percent rise in total operating expenses for the lower earnings, mainly due to an increase in impairment charges.
|
|
"However, we are not satisfied with the current level of operating expenses and thus have initiated a number of restructuring activities," he said.
|
|
Founded by Korean-American evangelical Christian James Kim, PUST spends roughly $0003 million annually on operating expenses, the school said in a statement.
|
|
The company reported that its operating expenses were up 313 percent year over year, coming in at $207 million in the first quarter.
|
|
Lawmakers sued Dayton earlier this month, claiming his May 30 veto of nearly $130 million for salaries, benefits and operating expenses was unconstitutional.
|
|
But trimming back operating expenses meant shifts at the stores were often understaffed, and employees say Toys 'R' Us suffered as a result.
|
|
"I am confident that the work we started in January will identify opportunities to reduce operating expenses," he said in his prepared remarks.
|
|
According to the International Air Transport Association, an industry body, fuel accounts for almost a quarter of airlines' operating expenses—$3503bn in 2350.
|
|
Last month, Citgo said it had raised $1.2 billion through a five-year term loan to cover operating expenses and refinance existing debt.
|
|
The improvement was led by sound cost control, as underlying operating expenses fell by 7% yoy despite continued investments in digitalisation and compliance.
|
|
The company aims for around 350 million euros of savings in operating expenses over the period, it said in a statement on Wednesday.
|
|
That helps cover a significant portion of operating expenses, while in other cases Bounce works with OEMs who provide vehicles under similar terms.
|
|
Hynes said proceeds from the new issue would be deposited directly into the funds and not used for pension contributions or operating expenses.
|
|
Operating expenses and legal bills would likely strip the current owners from receiving any cash from a sale at that price, sources added.
|
|
Tesla expects operating expenses to increase about 20 percent for 2016 as it prepares to launch the Model 3 and continues to expand.
|
|
Higher operating expenses, driven by business growth, however resulted in a 2.3% yoy decline in the unit's pre-tax profit to EUR1.1 billion.
|
|
Adjusted pre-tax profit was 16% higher yoy, reflecting overall performing businesses, 13% lower impairment charges yoy and controlled operating expenses growth (3.7%).
|
|
It said it expects operating expenses to rise by about 30 million pounds this year due to higher promotional spending and client costs.
|
|
Executives said that closely watched metric - which measures operating expenses as a percentage of revenue - would continue to improve in the second half.
|
|
Total operating expenses rose 49 percent to $503.5 million in fiscal 2019, the company said, largely due to higher sales and marketing costs.
|
|
B-Dubs CEO Sally Smith blamed high labor and operating expenses for putting pressure on margins and, ultimately, lowering EPS for the quarter.
|
|
"In addition, costs controls were good, the ratio of operating expenses was smaller, which led to a profit increase performance," the official added.
|
|
Samba reported a 2.3 percent drop in first-quarter net profit on Thursday, broadly in line with analysts' forecasts, as operating expenses rose.
|
|
DUBAI, Jan 19 (Reuters) - Alawwal Bank, Saudi Arabia's oldest lender, swung to a net loss in the fourth-quarter as operating expenses climbed.
|
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Diamond Offshore said on Monday its total operating expenses fell nearly 31 percent to $228 million in the first quarter ended March 212.
|
|
Operating expenses across the CIB were up 3.1% at 2.12bn meaning the division recorded a 7.6% fall in pre-tax profits to 907m.
|
|
Energy costs typically represent 4 to 6 percent of a hotel's overall operating expenses, with the largest share for heating and air-conditioning.
|
|
Those changes, combined with increasing gross profits and reducing operating expenses, are the "simple turnaround that we will be aiming for," Son said.
|
|
Net earnings fell to C$36.7 million ($27.8 million), or 30 Canadian cents per share, due to higher operating expenses excluding fuel costs.
|
|
But WestJet's fuel prices jumped 19.5 percent year-over-year in the quarter, sending operating expenses up 11.5 percent to C$1.04 billion.
|
|
USPS revenue exceeded operating expenses by $2900 million in Fiscal Year 220006, bringing total operating profit the past three years to $2202 billion.
|
|
Revenue from the fleet rental business to UCAR is likely to shrink in 2017 and this segment has historically incurred lower operating expenses.
|
|
Operating expenses rose 003 percent to $200 million and included an $2600 million loss related to a default by a Nasdaq clearing member.
|
|
In its latest results, the company said operating expenses totaled $2.2 billion in the second quarter, up from $1.8 billion earlier this year.
|
|
As treasurer, the complaint said, Ms. Shanley was authorized to use the charity's bank account and credit card to pay for operating expenses.
|
|
The bank's compliance costs shot up to $440 million that year, or almost 15 percent of operating expenses from $210 million in 2010.
|
|
Intuitive has also ramped up surgical robot production, resulting in a 16.6 percent year-over-year increase in operating expenses, according to Reuters.
|
|
Operating expenses of Pinduoduo more than doubled to 2400 billion yuan ($2000 billion) in the quarter as sales and marketing costs surged 210%.
|
|
Five government-owned toll roads Moody's highlighted on average are able to use cash on hand to cover 2,200 days of operating expenses.
|
|
The bank also reported slightly higher operating expenses in the same period, partially due to extra regulatory costs and investments in the business.
|
|
As for taxpayers, the Post Office's own website points out, and I quote, 'The Postal Service receives no tax dollars for operating expenses.
|
|
Operating expenses declined 1 percent, surprising analysts and indicating that the company was on the way to meeting financial targets for this year.
|
|
Part of that was due to cutting back on operating expenses, like research and marketing, but list prices were also raised for many drugs.
|
|
BoI said that in 2018 the credit card business contributed 35 million pounds of total income and had operating expenses of 36 million pounds.
|
|
It will also pay Seritage a termination fee of one year of the aggregate base rent, plus one year of estimated annual operating expenses.
|
|
The bank's operating expenses remained sticky, largely because of investments in digitalisation, regulatory costs and the introduction of the EU bank levy in Poland.
|
|
Overall operating expenses, which included casualty costs of C$1.773 million, rose 21.77 percent to C$21 billion ($21.3430 million) in the first quarter.
|
|
Fourth-quarter provisions rose by 45.1 percent from a year earlier, while operating expenses gained 17.1 percent, according to analysts at Global Investment House.
|
|
Separately, Splunk reported a second-quarter loss of $100.87 million, compared with a loss of $103.50 million last year, hurt by higher operating expenses.
|
|
FWD Life Indonesia reported a net operating loss in 29939 due to higher costs associated with brand building, network expansion and other operating expenses.
|
|
It is projecting operating expenses in 2018 of less than $400 million, which would be almost half of what the company spent in 2016.
|
|
Total operating expenses fell 7% to $3.3 billion, helped by workforce reductions, yard closures and other efforts aimed at lowering costs and improving service.
|
|
An added benefit of IaaS in particular, and of cloud computing in general, is the transition of cost from capital expenses to operating expenses.
|
|
Twitter also said it would no longer report monthly active users, and that it expects operating expenses to rise 20% in the coming year.
|
|
NCB, like most other Saudi banks that have already reported quarterly results, cited higher operating expenses, caused by higher impairments on financings and investments.
|
|
In the fourth quarter, operating expenses surged about 53 percent to $195.2 million, as Shopify faces intensifying competition from software makers such as Salesforce.
|
|
The ETF's annual management fee is 0.70% of its value and since it's new, its operating expenses and trading costs are not yet available.
|
|
For the fourth quarter, total operating expenses jumped 51.5 percent to $383.2 million as the company spent more on product development, sales and marketing.
|
|
The budget airline's operating expenses increased 8.8 percent to $4.23 billion, partly due to higher fuel costs and pay increases from amended union contracts.
|
|
Free cash flow — money left over after a company pays for operating expenses and capital projects — is often used as a gauge of efficiency.
|
|
It said operating expenses rose to 4.65 billion shillings from 4.39 billion shillings a year earlier due to maintenance costs at its power plants.
|
|
Total operating expenses fell nearly 21 percent to $2170 billion in the first quarter ended March 211.8, helped by restructuring initiatives including job cuts.
|
|
Operating expenses declined 5 percent to 5.86 billion francs in the first quarter, from 7663 billion francs in the same period a year earlier.
|
|
Over all, operating expenses declined 3 percent, to 4.97 billion francs, in the quarter, from 426 billion francs in the first quarter of 2015.
|
|
Mary's Place will also get $400,000 from the city, from a fund opened up by the mayor's emergency declaration, to help with operating expenses.
|
|
The company spent 38.3 million dirhams on marketing expenses and incurred operating expenses leading up to the opening of two theme parks Oct. 31.
|
|
Levi's said that it plans to use the proceeds from going public for "general corporate purposes," including working capital, operating expenses and capital expenditures.
|
|
Because some of the operating expenses of running a refined coal facility are deductible, the tax credit's effective value can top $9 a ton.
|
|
Broadcom's results beat was mainly driven by a better product mix and lower operating expenses, said Kinngai Chan, an analyst with Summit Insights Group.
|
|
Small independent businesses like her garage already have fewer options than larger firms do when it comes to operating expenses, especially when starting out.
|
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These low-interest loans are available to businesses, renters, and homeowners and can be used to cover small business operating expenses, such as payroll.
|
|
The orchestra will devote $22003 million of the new gift to beef up its endowment, and use the other $247 million for operating expenses.
|
|
"Based on this unprecedented environment, we are evaluating all appropriate steps to significantly reduce capital and operating expenses in the near term," Eikenberry said.
|
|
"Based on this unprecedented environment, we are evaluating all appropriate steps to significantly reduce capital and operating expenses in the near term," Eikenberry said.
|
|
British Airways-owner IAG had 4.8 billion euros in the bank at the end of December, equivalent to 21% of last year's operating expenses.
|
|
The company said in court documents that it had been able to slash its operating expenses by roughly 22016%, but that hadn't been enough.
|
|
"(We) are well-positioned to reach our 2017 financial targets – in fact, we're ahead of plan on our (general operating expenses) target," he said.
|
|
Its operating expenses accounted for more than half of the bank's total, but the region generated just one-third of group net operating income.
|
|
Shares of the company, which reported an 18.2 percent rise in total operating expenses, were down more than 6 percent in early trading Wednesday.
|
|
The group said consumer banking profits before tax declined 11.4% on-year as operating income growth was offset by higher operating expenses and provisions.
|
|
The Culvers' wedding ended up raising enough money to help the group build an endowment, with some money left over for general operating expenses.
|
|
American attributed an 11 percent increase in operating expenses from the year-ago quarter to a rise in fuel costs and employee benefit costs.
|
|
Yet operating expenses soared from $10 billion to $17.3 billion and Dell's operating loss widened to $3 billion from $1.6 billion a year ago.
|
|
Update: We fixed a math error on operating expenses and added context on how SecureWorks plans to use proceeds raised from the eventual IPO.
|
|
The retail shift, which will significantly raise Xiaomi's operating expenses, emulates its main rival, Huawei, whose presence has always been very visible on China's streets.
|
|
About $55 million of Seattle's 2017 operating expenses comes from federal funding, and more funding is dedicated to longer-term capital investments, the city said.
|
|
Operating expenses in domestic retail banking increased 2% yoy, reflecting ongoing investments in digitalisation, branch closures and the development of SG's online retail platform, Boursorama.
|
|
Profitability improved in 1H17, mainly from lower operating expenses and higher commission income, but any material improvement is unlikely in the low-interest-rate environment.
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The company, which owns the Toronto stock exchange, reduced its operating expenses, not including restructuring costs, by 8 percent from a year earlier, it said.
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Savola said a higher share of profits from associate companies and lower operating expenses also helped its fourth-quarter performance compared to a year earlier.
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The analytics software maker raised its full-year outlook, but investors appear to be focusing on an overall net loss and an operating expenses increase.
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Total operating expenses, including cost of revenue, rose by 17 percent year-over-year to $780 million, partly due to plans to hire more employees.
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Operating expenses are expected to be between $26401 and $29 million, reflecting $2 million in reduced headcount expenses previously initiated plus additional operating efficiency measures.
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One of the main reasons for the profit fall was a large jump in provisions and higher operating expenses, which extended rises from previous quarters.
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Mr Caforio has said that these could add up to $2.5bn, almost a sixth of the combined operating expenses of the two companies, by 2022.
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Hosts should budget for their overall operating expenses to range from as little as 25% to as much as 75% of their earnings, He says.
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But he spent nearly a quarter of his operating expenses during the January-to-March fundraising period on digital ads, Federal Election Commission records show.
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SABB attributed the fall in net profit to higher operating expenses, but said it was partially offset by a 1.6 percent increase in operating income.
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That program was evident in its third-quarter results, with operating expenses up just 1.543 percent, compared to a 21.54 percent rise in net revenue.
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In the second quarter, Norwegian's operating expenses jumped 117 percent with increases across the board, a rise it put down to new routes and hubs.
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American attributed a 12.5 percent increase in salary and benefits, and a 15.4 percent jump in consolidated fuel expense, for the rise in operating expenses.
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This offset a lower gain on the sale of non trading investments, while operating expenses rose 3.6 percent mainly due to an increase in provisioning.
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Operating expenses rose by 3 percent from a year ago to $4.23 billion, which the company blamed on higher compensation costs and inflation-related expenses.
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In traditional SoftBank fashion, the slides are … ridiculous: All WeWork has to do is grow its gross profits, reduce operating expenses, and it'll be saved!
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Each year, the director of the CFPB can request up to 12 percent of the Fed's operating expenses — a request the central bank cannot deny.
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Fibre is cheaper to maintain than old copper networks but that's still hard to square with Openreach's annual operating expenses of about 2.6 billion pounds.
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The waning growth also has dovetailed with a 52% increase in operating expenses, Cramer said, with investment in improving its platform and in advertising spending.
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Luckin's operating expenses surged 244% in the second quarter, as it opened 593 new stores taking its total to 2,963, about 1,000 fewer than Starbucks.
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WeWork focuses on a metric it calls contribution margin, which is the revenue left from membership and services after subtracting operating expenses of those locations.
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CFO David Wehner said on the same call that 2018 operating expenses will rise significantly as the company pays more for security and original content.
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Operating expenses fell 1 percent to $10.31 billion and the company's widely watched efficiency ratio improved to 56.1 percent from 56.6 percent a year earlier.
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It is the cherry-picking of a painting here and a painting there to bolster an endowment or support operating expenses that is frowned upon.
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Nvidia is calling for $805 million in operating expenses in the fiscal fourth quarter, excluding certain items, more than the FactSet estimate of $768 million.
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The lender said its total operating expenses rose to 15.7 billion shillings, from 12.6 billion shillings a year earlier, as provisions for bad debts surged.
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The main request in meetings with members of Congress this week: overturning a regulation that prevents legal cannabis companies, in particular, from deducting operating expenses.
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Banks made efforts to rein in operating expenses, but the sector average cost/income ratio increased by 3.5% in 2016 due to higher funding costs.
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Companies have been known to put certain operating expenses into the restructuring line to make their non-GAAP operating earnings look better than they are.
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When oil prices last plunged in 2014-2015, oil companies such as Equinor sharply cut investments and operating expenses, triggering a rise in Norwegian unemployment.
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Xilinx also announced the expected reduction of its global workforce by 7% as part of an effort to reduce operating expenses, according to the release.
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In February last year Petronas said it planned to cut capital spending by 10 percent and operating expenses by up to 30 percent in 2015.
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In 2015, for example, he vetoed a bill that would have required the state to pay for increases in some operating expenses at public universities.
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That assessed contribution pays for operating expenses like the electricity bills at its headquarters and human rights investigations in places like Syria and South Sudan.
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Total operating expenses amounted to 5.28 billion euros in 2019, taking the bank's cost-to-income ratio up to 61.2% from 58.8% a year earlier.
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To compensate its own employees and cover its operating expenses, the Gaza government had relied on taxing goods that came through the Sinai smuggling tunnels.
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Proceeds raised from the primary offering will be used to buy land and pay down construction costs and other operating expenses, according to the document.
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Operating expenses rose about 9 percent to C$12.94 million in the reported quarter, while net debt rose about 11 percent to C$1733 billion.
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Operating expenses, which included the good-will charge, rose to 10.5 billion francs in the period, from 5.4 billion francs in the final quarter of 2014.
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To begin with the investor bugbear of fees, it is increasingly difficult for active managers to compete with passive managers whose operating expenses are dramatically lower.
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Analysts highlighted in notes that the main negatives of Bradesco's results were fee income and operating expenses, as both came in outside the bank's guidance range.
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Sanders, for instance, spent nearly $2000 million on digital ads, or nearly a third of his operating expenses, in the first three months of the year.
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It said the earnings rise was primarily due to the increase in revenue and lower operating expenses that were only partially offset by decreased gross margin.
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The latest survey also showed operating expenses rose to a three-month high in December, with firms citing rising raw material prices and higher salary costs.
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Union Pacific's first-quarter operating ratio - a measure of operating expenses as a percentage of revenue - declined 1 point to 63.6 percent, despite the weather disruptions.
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"The gross margin is continuing to move in the right direction sequentially and our operating expenses are declining in relation to sales," CEO Mattias Perjos said.
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Revenue edged up by 7673 percent to $547 million, although operating expenses rose 10.9 percent, largely because of a 29.5 percent increase in jet fuel costs.
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We also remain closely focused on the bottom line, including taking additional measures to reduce operating expenses and position Xplore for profitability through all market cycles.
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Total operating expenses, excluding fuel and results from newly acquired Roundy's stores, fell 4 basis points as a percentage of sales from the year earlier period.
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The telecom equipment maker, which previously had announced moves to increase efficiency, said its latest moves were aimed at doubling its savings in operating expenses. Amazon.
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C.M., according to the filings, was spending just as much in some months, if not more, on "operating expenses" for her business as she was making.
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GPA booked 567 million reais ($182.6 million) of "other operating expenses" last year, with about 20 percent related to the closing of the stores, Hidalgo said.
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Delta Lloyd said in the slides that it intends to reduce operating expenses below 610 million euros in 2016, and below 560 million euros in 2018.
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The bank has made good progress in realising cost savings in its corporate and institutional banking (CIB) business, where it started reducing operating expenses in 2016.
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The cause boils down to a 9% increase in operating expenses and a 13% cost of sales compared to last year, a Starbucks spokesperson told WSJ.
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Tesla said in the earnings report last month that the rollout of its Model 3 sedan would send operating expenses about 20 percent higher in 2016.
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The company's total operating expenses rose 11 percent to $4.67 billion in the second quarter, as it spent more on the fuel used in electricity generation.
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The company's operating expenses rose 16.5 percent to C$11.89 per boe, while its transportation costs per boe dropped by about 13 percent to C$2.12.
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Operating expenses were higher in the quarter as were loan impairment charges, as a result of the deteriorating performance of a small number of corporate clients.
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McAdam said the company expects cost savings of $10 billion over four years from operating expenses and capital expenses, which would fund their dividends in 2022.
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Operating profit dropped in all three major segments, by 40 percent in total to $60.53 million, as operating expenses grew 45 percent from a year ago.
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Montreal-based Canadian National said its total operating expenses fell about 2.963 percent to C$1.75 billion ($1.38 billion)in the first quarter ended March 31.
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Sears will also pay Seritage a termination fee equivalent to one year of the aggregate annual base rent, plus one year of estimated annual operating expenses.
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I think that people do not realize they have a very savvy CFO who is creating a lot of flexibility with operating expenses and capital expenditures.
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Devon has cut its lease operating expenses, including labor and supply costs, to offset a more than 55 percent side in oil prices since mid-2014.
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The company, which expects cost savings to reach $1 billion this year, said total operating expenses fell 69.4 percent in the third quarter ended Sept. 30.
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Samba's earnings were dragged down by a 9.4 percent increase in operating expenses as it was forced to set aside more cash to cover bad loans.
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He was also accused of improperly commingling investor funds, using $328 million to repay earlier investors and spending nearly $300 million on commissions and operating expenses.
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Asda said its gross profit rate and operating income both declined in the quarter, while higher operating expenses partly reflected costs associated with the failed merger.
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By comparison, marketing and fulfilment, which traditionally make up the bulk of JD's overall operating expenses, grew at less than 30 percent over the same period.
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The railroad saw an operating ratio, a measure of operating expenses as a percentage of revenues, of 2773, which it called a record for the quarter.
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Seagate has been restructuring its footprint to reduce operating expenses to $400 million per quarter exiting calendar 7503 and $385 million per quarter exiting fiscal 2018.
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By 2015, discussions had advanced to include a potential acquisition of Opternative, and Warby Parker sought additional sensitive information about Opternative's clinical trials and operating expenses.
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But with the layoffs and restructuring, GoPro said it expects to reduce its operating expenses to $650 million this year and hopes to return to profitability.
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Three-month revenues were almost flat compared with the same period a year earlier, and operating expenses and debt servicing costs grew up C$363 million.
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The company's press release said it has reduced its operating expenses by $186.9 million, or 23.3%, in the last three years alone, but it wasn't enough.
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After-the-bell Thursday, Visa also saw a 14% increase in operating expenses during the quarter as it spends more on rewards and incentives for cardholders.
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"As we grow more platform-driven businesses, we expect compensation to decline as a proportion of total operating expenses," CFO Stephen Scherr told analysts on Tuesday.
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" He added, "The money in question -- transferred to ICE from FEMA's routine operating expenses -- could not have been used for hurricane response due to appropriation limitations.
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Total operating expenses for Helios and Matheson increased by 1,000 percent year over year during the second quarter, pushing total losses from operations past $126 million.
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Operating expenses fell 11 percent to C$92.5 million, helped by recent efforts to streamline the company, Chief Financial Officer John McKenzie said in a statement.
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Subtract royalties of 20 percent, and deduct production costs plus operating expenses of a combined $2.43 a barrel, and Aramco's pretax profit would be $135 billion.
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It said lower consumer spending, along with higher operating expenses from its expansion in retail and the devaluation of the Egyptian pound, also hurt its results.
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The company said it remains on track to deliver $165 million to $210 million in savings from its restructuring actions this fiscal year, primarily benefiting operating expenses.
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Operating expenses increased by $125 million, or 9.1 percent, in the third quarter from the previous year on the back of significantly higher fuel and labor costs.
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The European Parliament estimates that reintroducing border controls in the Schengen area could cost up to €20bn in one-off expenses and €2bn in annual operating expenses.
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Microsoft will now need to focus on operating expenses and the costs of LinkedIn revenue to prove that its bet will pay off in the long term.
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The company is now spending billions of dollars to partner with third parties to stay in competition, he pointed out, adding more weight to its operating expenses.
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"A combination of tight cost management and the increasing impact of our cost-saving programmes reduced operating expenses relative to the fourth quarter of 2015," Gulliver said.
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On Thursday, the pair touched on no fewer than 12 products or markets where Amazon is investing, following a quarter in which operating expenses topped $31 billion.
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So, if you think about the second quarter of '16 versus second quarter of '11, we took out $20 billion of operating expenses on an annual basis.
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GoPro said it was able to cut operating expenses by $5 million in the quarter, which helped gross margins improve to 35% from 29% a year earlier.
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General and administrative operating expenses have increased substantively over the last year as Okta, like every public company, builds up compliance infrastructure to adhere to Sarbanes-Oxley.
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It needs to earn more money so it can pay the labels their royalties and still have enough left to cover operating expenses and turn a profit.
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However, the retailer reported growing losses attributed to operating expenses, including marketing and advertising, and hiring — factors that have had some questioning the sustainability of Wayfair's growth.
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The action camera manufacturer had previously guided revenue between $190 million and $210 million and operating expenses between $168 million and $178 million (GAAP) for the quarter.
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Operating expenses rose 40 percent to $1.33 million, largely due to a 43 percent rise in product development costs and a 55.5 percent rise in marketing costs.
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In the third quarter, Putnam's fee income tumbled 19 percent to $176 million, outpacing a 5 percent drop in operating expenses, according to Great-West's financial statements.
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Petronas, as the company is known, is relying on lower operating expenses, job cuts and project rollbacks to help it navigate through a low oil price environment.
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We appreciate Congress' six percent increase for USAID's Operating Expenses, clearly indicating you understand that USAID is an agency with crucial capabilities that no other agency deploys.
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The insurer, which has frozen its employee pension plan, is looking to cut its gross general operating expenses by another $250.52 billion by the end of 2017.
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"Our operating expenses were reduced by about 14 percent from first quarter 2016 and our capital spending declined over 30 percent from a year ago," Watson said.
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California-based Chevron said it was reining in costs, cutting $6 billion from its capital budget and operating expenses during the first six months of the year.
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The tax exemption of distributions and capital gains should provide for a flat-rate deduction of non-deductible operating expenses representing five percent of the exempt income.
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The losses can be attributed to cost items including $126 million cost of sales, $36 million in wages and $129 million in other operating expenses, reported Reuters.
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Indeed, confidence for the year ahead among Chinese services providers fell to a three-month low, while operating expenses in February rose faster than the previous month.
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GoPro has faced a slew of problems including weak Hero0.623 Session sales, continued volatility in China, relatively high operating expenses and the departure of several top executives.
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The company also said it expected to continue benefiting from the weak sterling that has brought operating expenses down to $15.7 per barrel, 11 percent below expectations.
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A minimum of $113 million has been pledged for construction by Barry Diller, the media billionaire, who has also promised to underwrite 20 years of operating expenses.
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Its head office operating expenses are sterling, creating some exchange rate risk, but this is partly offset by the sterling income from its London real estate investments.
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Tesla says its operating expenses will rise in Q3 and Q4 as it spends money on Model 3 supplier contracts and expands its sales and service infrastructure.
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The insurer, which has frozen its employee pension plan, is looking to cut its gross general operating expenses by another $1.6 billion by the end of 2017.
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The banks have made efforts to rein in operating expenses, but the sector average cost to income ratio increased due to higher funding costs pressuring operating income.
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Operating expenses more than doubled to $37.65 million, as the company hired a sales force to launch Jeuveau in the United States and spent on marketing efforts.
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SK Hynix, the world's second-largest memory chip maker, had record earnings in 2017 but foreign exchange-related losses comprised the bulk of its non-operating expenses.
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"New amenities that increase the operating expenses of a hospital have little to do with insurance billing," which is based on procedures and diagnoses, Mr. Lee said.
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TMX Group Ltd, which owns and operates the Toronto Stock Exchange, posted a 25.445 percent rise in quarterly profit late on Monday, helped by lower operating expenses.
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SS), HNA's main domestic carrier, said it was seeking a 7.5 billion yuan ($1.09 billion) loan from a group led by CDB, to help cover operating expenses.
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On the bottom line the whole large customers division reported a 79% increase in net income to 522m, as operating expenses were contained, up 3% to 738m.
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After stripping out costs relating to Euribor fines, operating expenses in the division fell 2% to €1.7bn as a cost-reduction plan started to have an impact.
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Explaining the poorer performance, it cited a 563 million riyals increase in operating expenses as sales and marketing costs, as well as general and administrative expenses, rose.
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The government declared a form of bankruptcy last May, after years of borrowing money to pay for operating expenses after a painful recession that began in 2006.
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Excluding the impact of the European Union's fine, Alphabet's operating expenses were $10.9 billion, up 24 percent year-over-year, driven by increased investment in R&D.
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Businesses typically buy enough insurance to cover their operating expenses for at least a year if they were to lose a key employee or employees, says Taylor.
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"Total revenues were the positive surprise but it was more than offset by the increase in operating expenses," UBS AG's analysts said in a note to clients.
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Puerto Rico has been in a painful recession since 2006, and previous governments dug it deeper into debt by borrowing to pay operating expenses, year after year.
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At the same time, Gett took a different approach to its competitors by focusing only on specific markets, to cut down operating expenses and focus on profit.
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Subtract royalties of 20 percent, and deduct production costs plus operating expenses of a combined $11 per barrel, and Aramco's pre-tax profit would be $0.43 billion.
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As you can quickly see, the more gross profit a business generates from its revenue, the more money is has left over to pay for operating expenses.
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But Argosy reported that the money was paid out even though it wasn't, Mr. Dottore wrote in court filings, and used the reimbursements for operating expenses instead.
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Air Canada's operating expenses rose 1.133 percent and cost per available seat mile - a measure of how much an airline spends to fly a passenger - climbed 5.6 percent.
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"The Postal Service receives NO tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations," the USPS website reads.
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Rising costs have been a concern for airlines, as high fuel prices and bumps in salaries and benefits for pilots, flight attendants and mechanics have swelled operating expenses.
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Union Pacific's first-quarter operating ratio - a measure of operating expenses as a percentage of revenue - increased 1 point to 63.6 percent, largely due to the weather disruptions.
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Operating expenses were EUR 3.6 million (USD 3.9 million) for the first quarter 2016, compared to EUR 3.2 million (USD 3.5 million) for the same period in 2015.
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Campaign finance records show McVicker paid Dowless checks totaling $5,800 in 2018 and $3,20163 in 2017 under "operating expenses" for "get out to vote" efforts in Bladen County.
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To combat the decline in growth, Priceline upped its operating expenses in the quarter by more than 20 percent, largely from spending increases in performance and brand advertising.
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Air Canada's operating expenses rose 8%, and adjusted cost per available seat mile (CASM) - a measure of how much an airline spends to fly a passenger - climbed 5.9%.
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Quarterly operating expenditures dropped 7.2 percent from the same period a year earlier to 4.321 billion reais, and operating expenses year-to-date have dropped 1.5 billion reais.
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At the same time, Intel has committed to limiting operating expenses as a percentage of revenue to 30% by 2020, versus 35.6% on a GAAP basis in 103.
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The company's operating expenses fell by nearly 5 percent to C$12.18 million ($9.06 million) while its transportation costs dropped by about 13 percent to C$1.96 million.
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DUBAI, Jan 19 (Reuters) - Saudi Telecom Co (STC) met estimates with a 10.3 percent rise in fourth-quarter profit on Thursday as operating costs and operating expenses declined.
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JERUSALEM, May 22 (Reuters) - Partner Communications , Israel's second-largest mobile phone company, reported a steeper than expected rise in quarterly profit that was boosted by lower operating expenses.
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For the full year, Cronos' operating expenses totaled CA$29.4 million ($22 million), a 215 percent increase from the CA$9.3 million ($7 million) it spent in 2017.
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Biogen said it expects a nearly $125 million reduction in operating expenses during the year related to the discontinuation of aducanumab, with net savings of about $80 million.
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As we noted earlier, real estate leases and rentals make up just 4 percent of a tech company's operating expenses, while payroll alone makes up about 50 percent.
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The bank attributed its performance to a 181.5 percent climb in operating expenses due to a rise in impairment charges for credit losses and general and administrative expenses.
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Operating expenses jumped by 15 per cent, mostly due to hires for "strategic initiatives" such as HKEX's plan to roll out a spot commodities trading platform in Shenzhen.
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The company said it was able to cut operating expenses by $5 million in the quarter, which helped gross margins improve to 35% from 29% a year earlier.
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If passed, the program is expected to cost the state's Commerce Department and Department of Licensing about $6900,2628 between 28503 to 22019 in operating expenses, the paper noted.
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The company lost $293 million or $2.09 per share after operating expenses of $513 million, though cash rose to $3.25 billion because of a $1.7 billion secondary offering.
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But Tuesday's results indicated that the business was beginning to improve as Getinge said that operating expenses had stabilised after a number of quarters where they gradually increased.
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The company had reported total operating expenses rise 2.7 times in the quarter, largely due to a non-cash charge of $624 million related to its residential leases.
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The company also spent more on rewards and incentives such as airport lounge access, roadside assistance programs and travel insurance, which pushed up operating expenses by 7 percent.
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"If they close 200 stores this year, operating expenses should drop by $20 million next year," Wedbush analyst Michael Pachter told Business Insider in an email last week.
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JP Morgan reported a 1% drop in Q2 profit on Thursday but still beat subdued analyst expectations, helped by loan growth and a tight control on operating expenses.
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Similarly, Omar's plan would also invest in the maintenance and upkeep of existing public housing units by making capital and operating expenses part of the nation's mandatory spending.
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Operating expenses rose 23.5 percent to $1.73 billion in the second quarter ended June 30, as the company continues to invest in safety and security and digital products.
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Chicago-based Cboe said on Friday operating expenses rose 130 percent to $156.9 million, partly due costs related to its acquisition of exchange operator Bats Global in 2016.
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"Excluding these items, vehicle-related operating expenses increased only 8% sequentially despite significant Model 3 vehicle development progress and expansion of our customer support infrastructure," the letter read.
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Madrid-based brokerage Renta said that higher costs than expected and higher operating expenses and provisions were also behind lower revenues and significantly lower net profit at Caixabank.
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The bureau said Navient systematically and illegally failed borrowers "at every stage of repayment" by opting for shortcuts that saved on its operating expenses but cost borrowers money.
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He recommends separate accounts for various aspects of the business: income, operating expenses, owners compensation, taxes, and profit, with an additional separate profit account in a different bank.
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The schools failed after Dream Center improperly withheld millions of dollars in federal aid money that was owed to students and used the cash to cover operating expenses.
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Operating ratio, a measure of operating expenses as a percentage of revenue and a key metric for Wall Street, fell 2.7 points to 60.7% from a year ago.
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The exchange said it would cut costs by 50 million pounds ($63 million) annually until 2019, while operating expenses would remain stable at around a 4 percent increase.
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Operating expenses were trimmed by 9% to 2.26bn but that was not nearly enough to offset the overall 19% decline in revenues to 2.69bn across all CIB activities.
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According to the United States Mission, the reductions in the budget reached on Sunday included across-the-board cuts in expenses for travel, consultants and other operating expenses.
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Of course, $50 million raised for operating expenses is money that could have gone to the long-planned, long-delayed renovation of the Philharmonic's home, David Geffen Hall.
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Rising costs are an ongoing concern for airlines, as high fuel prices and rich bumps in salaries and benefits for pilots, flight attendants and mechanics have swelled operating expenses.
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Ad tech company Rocket Fuel is laying off 11% of its headcount — 0003 members of staff — as it looks to save $20 million in operating expenses, AdExchanger first reported.
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With one-off costs stripped out - including hefty ongoing IT costs - the bank still posted an underlying loss of 2.8 million pounds, as its operating expenses exceeded its income.
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The company will pay up to 7 million pounds ($9.08 million)for the Norway business' operating expenses in addition to funding its losses until the completion of the sale.
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Crescent said it expected average operating expenses to be about C$2404.4 per barrel of oil equivalent (boe) for 21, about 21.30 Canadian cents lower than the original estimate.
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An increase in capacity commissioned in Mexico and a return to normal in retail conditions and operating expenses in the United Kingdom also provided a boost, the company said.
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The regulatory change will result in a 6.1 billion riyal ($1.6 billion) non-recurring gain for the company this year and reduce its operating expenses in future, it said.
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SABB attributed its drop in net profit to a 5.2 percent rise in operating expenses after it took bigger provisions for credit losses and salaries and other expenses increased.
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State-controlled Banco do Brasil SA gained more than 20.20% after posting a surge in second-quarter recurring net income, helped by lower operating expenses and higher fee income.
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Operating expenses rose in the second quarter as the company spent more on research and development and on sales and marketing, including recruiting staff to help sell new products.
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Operating expenses per available seat mile rose 4 percent, primarily because the rest of the airline's fleet was not as fuel efficient as the grounded Boeing 737 MAX jets.
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Those dividends are only paid out after Libra Association uses interest to pay for operating expenses, investments in the ecosystem, engineering research and grants to nonprofits and other organizations.
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Itaú earned a net 6.382 billion reais, 1.5 percent below a Thomson Reuters consensus estimate of 6.481 billion reais, due to higher operating expenses and lower trading book gains.
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The deal will allow Commerzbank to cut costs by 200 million euros by 2020, while Cabannes expects synergies will allow SocGen to reduce the operating expenses of the purchase.
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Canadian National Railway Co on Monday became the latest railroad operator to blame higher operating expenses due to prolonged extreme cold weather for a lower-than-expected quarterly profit.
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Schlumberger said pretax operating margin was negative 0.7 percent in North America, meaning the cost of goods sold and operating expenses exceeded the revenue it earned in the region.
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Operating expenses adjusted for restructuring charges fell 7% yoy to CHF4.8bn in 2Q16, reflecting the initial benefits of lower contractor headcount and, to a lesser extent, lower deferred compensation.
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The performance was boosted by a climb in net special commission income and a fall in total operating expenses, mainly due to a drop in provisions for credit losses.
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The city of 2000,22 was toppled when the housing bubble burst, its basic operating expenses dependent on developer fees and increasing property tax revenue that never came to bear.
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Lawmakers in the Republican-controlled legislature sued the Democratic governor on Tuesday, claiming his May 30 veto of nearly $130 million for salaries, benefits and operating expenses was unconstitutional.
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SO EVEN WHEN WE HAD $72 BILLION IN OPERATING EXPENSES FIVE, SIX YEARS AGO DOWN TO THE 50 ODD WE HAVE NOW, WE WERE INVESTING THE WHOLE WAY MORE.
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The increase was primarily due to premium growth and more favorable claims experience, partially offset by higher operating expenses and greater commissions and bonuses related to increased sales activity.
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Costs slipped 4.4 percent while operating expenses fell 24 percent in the quarter, reflecting Chief Executive Officer Rodrigo Galindo's efforts to streamline a company with almost 1 million students.
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It plans to reduce operating expenses and restructure its capital markets division to become a less leveraged, less capital markets-driven bank and to address its inflexible cost base.
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Despite posting a collective 3.8 percent revenue increase, steep upticks in operating expenses drove down the pretax profits of nine publicly traded U.S. airlines, Airlines for America (A43A) said.
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Air Canada's operating expenses rose 11 percent and cost per available seat mile (CASM) - a measure of how much an airline spends to fly a passenger - rose 2.4 percent.
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Zimplats reported a 28 percent drop in profit to $30 million during the fourth quarter after operating expenses rose to $110 million from $86 million during the previous period.
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KD had made a $10 MILLION donation to the project last year -- to cover "construction and operating expenses" for the center in Prince George's County ... where Durant is from.
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The Pittsburgh Symphony has been grappling with a financial squeeze, which management said had forced it to devote money raised in its last endowment campaign to cover operating expenses.
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In fact, GoPro CFO Brian McGee said Thursday that the $99 million the company spent in operating expenses this quarter was the lowest that figure's been in five years.
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Personal & Corporate Banking improved on its 2Q16 adjusted pre-tax profit, the highest since 4Q7503, predominantly reflecting a 7% fall in adjusted operating expenses while revenue rose 1% yoy.
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Piou said the company's operating profit target of 660 million euros ($722 million) for 2017 was less dependant on operating expenses than on the expected rise in gross margin.
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Mr. Neilson, who is an entrepreneur and investor, said that the money donated to Extinction Rebellion was not directed to individual actions, but more often goes to operating expenses.
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The company will pay up to 7 million pounds ($9.08 million)for the Norway business' operating expenses in addition to funding its losses until the completion of the sale.
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Wisconsin's history of budget shortfalls and pattern of borrowing frequently to cover operating expenses, among other measures, made it poorly positioned to weather the most recent severe economic downturn.
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The bank attributed the drop in profit to a 23.3 percent jump in operating expenses, which it blamed on higher impairments for credit losses as well as other costs.
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Royal Caribbean Cruises reported fourth-quarter profit and revenue that beat Wall Street estimates, helped by higher onboard spending and lower cruise operating expenses in the crucial holiday season.
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A special legislative commission demanded that the lawmakers each pay up to HK$3.1 million ($397,400) in operating expenses and staff wages, the legislative council's president, Andrew Leung, said.
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It reported a greater net loss this quarter than last, which it attributed to increased operating expenses, especially in sales and marketing as it tries to attract new customers.
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Facebook's operating expenses are in the neighborhood of about $20 billion per year; a lot of money, but not an impossible expense for the US government to take on.
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Top petrochemical group Saudi Basic Industries also jumped 1.73 percent, while Arab National Bank rose 7.2 percent after its third-quarter profit rose 14.7 percent due to lower operating expenses.
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Presenting the U.S. territory's $9.6 billon budget for fiscal 2018, Rossello said the government would assume pension payments from its general fund while cutting government operating expenses by 9 percent.
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Snap lost $20173 million compared to $440 million last quarter as operating expenses grew to $261 million, but cash burn dropped to $225 million, down 49 percent from last quarter.
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Twitter said it expects operating expenses to rise about 20 percent year-on-year in 2019 due to efforts to improve its service, above analysts' average estimate of 12 percent.
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Shares of the company fell 7.9 percent at $3.80 in aftermarket trading on Tuesday after the company said its operating expenses rose 52 percent to $247.8 million in the quarter.
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The U.S. telecom company, in the middle of a turnaround, has been looking at areas such as labor costs, network operating expenses, information technology and administrative expenses to reduce costs.
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Many of the Caribbean region's state-owned refineries have struggled in recent years as rising crude prices and high operating expenses cannot be fully recouped from fuel sales to consumers.
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In a Statistics Canada profitability measure, dairy farmers' operating expenses were 77 percent of gross farm receipts in 2015, the latest data available, the healthiest level of 11 farm sectors.
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The Asset Management business division saw improved adjusted pre-tax profit, which increased 10% yoy to CHF148m, mainly because of higher performance fees and a 2% decline in operating expenses.
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Operating expenses are expected to decline more than $21996 thousand sequentially, to approximately $2512 million, reflecting the headcount reductions and other cost savings initiated at the start of the quarter.
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SMRT has said the rail financing framework had become unsustainable and fare margins had been squeezed by rising operating expenses because of maintenance and replacement programs for its aging network.
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Adjusted operating expenses for the quarter rose 3 percent to $327 million, driven primarily by an $8 million increase in licensing and other fee agreements, Pietrowicz said on the call.
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The operating expenses of the Chicago-based company also more than doubled, primarily due to $26.85 million in acquisition-related costs, leading to a 211.33 percent slump in net income.
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The farmers cover the operating expenses of their container farm, such as water, electricity and seeds and pay rent, costing them roughly $1,500 per month in total, according to Peggs.
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" Woodman said that the company's new hardware and software roadmap, combined with lower operating expenses, would allow GoPro to return to "profitability and growth in the second half of 2018.
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The bank has been successful in sustaining its net interest margin by reducing funding costs but high operating expenses and loan impairment charges (LICs) have resulted in weak overall profitability.
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There are already some questions about the economics of creating this tunnel link to O'Hare, but Musk seemed confident that the project will recoup its operating expenses at the least.
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One single retail store won't necessarily take the pressure off Wayfair's high operating expenses, but it allows the retailer to experiment with a more traditional model and measure its impacts.
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GE's metric of industrial free cash flow is closely watched by investors, as it shows what money the company has left over after paying for operating expenses and capital spending.
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In the quarter through March, Delta said operating expenses had swelled by $817 million from the previous quarter, driven by higher fuel and labor costs, and a higher depreciation expense.
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Financial services to corporates, which include equipment finance and vehicle leasing, saw further loan growth and controlled increases in operating expenses, leading to a 7% increase in pre-tax profit.
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The bank said operating expenses dropped 9 percent in the quarter from the year earlier period to 1.34 billion dirhams, while impairment charges fell 21 percent to 562 million dirhams.
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Nevertheless, increases in delinquency levels have put upward pressure on loss loan provisions, and operating expenses related to the bank's core banking integration continue to weigh on overall operating profitability.
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The company's net loss narrowed to $29.8 million, or 33 cents per share, from $42.4 million, or 51 cents per share, a year earlier, helped by lower total operating expenses.
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Earnings were dented by a 74.8 percent rise in impairment charges to 113.5 million dirhams, as well as a 1.5 percent rise in total operating expenses to 564.5 million dirhams.
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Put another way, Facebook is such a profitable company that it generates $5 billion in cash — even after accounting for all its day-to-day operating expenses — every 49 days.
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This means that it will cost you $145,000 to purchase the car and pay a driver over five years of operations (ignoring fuel, maintenance, registration and other miscellaneous operating expenses).
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The SEC alleged that from 2012 to 2014, Penn West and the executives executed a scheme to deceive investors about its financial condition by understating operating expenses and related metrics.
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Brokerage BMO Capital Markets in a note cautioned that Canopy's earnings would further deteriorate as it looks to launch cannabis products, resulting in significant working capital investment and operating expenses.
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According to the release, this move aims to help streamline the checkout experience for consumers and reduce merchants' operating expenses associated with making people fumble with pens at the register.
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The 70-year-old retailer said its "efforts to further improve labour productivity and optimise rental payments" helped reduce operating expenses as a percentage of revenue by 300 basis points.
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These efforts and additional expenses may be more costly than we expect, and we cannot guarantee that we will be able to increase our revenue to offset our operating expenses.
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The news came as the bank reported a marginally lower second-quarter profit but still beat subdued analyst expectations, helped by loan growth and a tight control on operating expenses.
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Sprint said it was determined to "attack its cost base" and was looking at areas such as labor costs, network operating expenses, information technology and administrative expenses to reduce costs.
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Apple said it expects operating expenses of $7.95 to $8.05 billion in the fourth quarter, compared with analyst estimates of $7.8 billion, according to Thomson Reuters I/B/E/S.
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Costs are expected to rise in fiscal 2018 as well, with Cboe forecasting a 1 percent to 3 percent increase in adjusted operating expenses to $3.33 million to $428 million.
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The company said it will use the proceeds to fund capital expenditures and operating expenses associated with running the business, including marketing activities and repayment of debt, among other purposes.
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It's expected to increase the company's expenses by $25 million — including $10 million in operating expenses, $8 million in amortization of intangible assets, and $7 million in stock-based compensation.
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CIBC's guidance that operating expenses will grow at 4-5%, about double the industry average, this year, driven by its mortgage push, will also weigh on its performance, analysts said.
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The owner of Churchill and Privilege brands aims to cut its operating expenses before amortisation and depreciation to below 590 million pounds by 2021 from 644 million pounds last year.
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Its operating expenses fell 0.69 percent from a year ago to 173.86 billion yuan in 2017, while net interest income rose 10.57 percent to 338.39 billion yuan over the period.
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He said he hoped the novelty would help to increase awareness of Lucy outside the immediate region, and would draw new customers to offset Lucy's considerable insurance and operating expenses.
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CITs can only be offered to qualified retirement plans such as 401(k)s, and analysts said their less stringent reporting requirements translate into lower operating expenses for fund companies.
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However, the company's operating expenses soared from $10 billion to $17.3 billion, leading to an operating loss of $3 billion, up from a $1.6 billion operating loss a year ago.
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However, the company's operating expenses soared from $10 billion to $17.3 billion, leading to an operating loss of $3 billion, up from a $1.6 billion operating loss a year ago.
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The job cuts will cost the company up to $10 million but will save as much as $200 million in operating expenses for the year, GoPro said in a statement.
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"We have a history of net losses, anticipate increasing our operating expenses in the future, and may not achieve or sustain profitability," warned the requisite risk factors section of the filing.
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Operating expenses were expected to surge about 234.16 percent year-on-year in 234.16 due to efforts to improve the health of its platform, exceeding analysts' average estimate of 12 percent.
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Union Pacific's operating ratio, a measure of operating expenses as a percentage of revenue and a key metric for Wall Street, increased 1 point to 63.6 percent from a year ago.
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Total revenue rose to a record $177 million from $140 million but a 44 percent jump in operating expenses contributed to the wider loss for the San Francisco-based online lender.
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JetBlue shares were up 270 percent to $23 at midday despite the steep uptick in year-over-year operating expenses through the fourth quarter, on its slightly stronger-than-expected results.
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The pullback in the private market this year has forced startups to get back to basics with a greater focus on sustainable growth, controlling operating expenses and generating positive cash flow.
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Its head office operating expenses are denominated in GBP, creating some exchange rate risk, but this is partly offset by the GBP income-generating potential of its London real estate investments.
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It's also worth noting that Amazon's operating at a loss in international markets, as its operating expenses exceed net sales by $2.1 billion, although it's in the black in North America.
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U.S. regional bank PNC Financial Services beat analysts' estimates for quarterly profit on Friday, but reported a 2.163 percent rise in operating expenses as it invested in marketing and retail banking.
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Wayfair's operating expenses rose 52% to $730.8 million from $480.3 million a year ago, as the retailer spent more on customer service, advertising, technology and other operating fees during the quarter.
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Maestri said last week that Apple was comfortable with its operating expenses, which include sales and marketing in addition to R&D, and compared what Apple spends favorably with its competitors.
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Operating expenses grew by 23% from the same period a year earlier, to 528.3 million reais, as the company spent more on general and administrative costs and hired 1,000 new salespeople.
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SAO PAULO, July 23 (Reuters) - Brazilian card processor Cielo SA on Tuesday posted a 33.3% drop in second-quarter profit from a year earlier, missing analysts' estimates, as operating expenses surged.
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Tesla attributed some of the that loss to one-time operating expenses and currency exchange fluctuations, and it also included included losses in the division of the business for servicing cars.
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The budget allocates 170.1 trillion pesos ($49.3 billion dollars) to operating expenses, an increase of 2.63% over 2019, and 47.3 trillion pesos ($13.7 billion dollars) to investment, an increase of 16.1%.
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Action camera maker GoPro announced Wednesday that it is cutting 270 jobs as it seeks to reduce operating expenses by $200 million and achieve its goal of reaching profitability this year.
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Credito Real's efficiency ratio (operating expenses/net revenue) deteriorated moderately in 2015 with an increase to 35.5% from 20163% in 2014 primarily because of the recent full consolidation of a subsidiary.
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Free cash flow is a financial term defined as money left over after a company pays for operating expenses and capital spending and is often used as a gauge of efficiency.
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Operating expenses this year will rise 16 to 18 percent above 2017 levels, as the company continues to invest in emerging markets and new technology including computer-assisted surgery, executives said.
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Esprit said its gross profit margin had slightly increased and operating expenses had further reduced, but were not sufficient to outweigh the negative impact of the revenue decline during the period.
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Alawwal, previously called Saudi Hollandi Bank, said its operating expenses jumped 48.4 percent due to an increase in impairment charges for credit losses, depreciation and amortisation, rent and premises-related charges.
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Business owners generally prefer a model that moves IT expenditures from Operating Expenses into Cost of Goods Sold, because they can increase prices and pass their entire budget onto the customer.
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Sales and trading operations booked in the APAC division reported the first positive pre-tax profit in four quarters, after operating expenses fell more rapidly (22%) than revenue in emerging markets.
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Revenue from North America, the company's biggest market, fell 1 percent in the fourth quarter from a year earlier, hurt by a strong dollar, while operating expenses fell by $45 million.
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The Carnegie Museum's annual operating expenses far exceed $5 million, and W.A.G.E. uses a scaling mechanism to calculate equitable compensation for artists that is directly proportional to an organization's financial means.
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For Goldman and any other tax credit investors in the deal, the gross annual tax credit, before refined coal operating expenses and incentives for the utility, is $173 million, Reuters estimates.
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The U.S. Postal Service, which runs at a big loss, is an independent agency within the federal government and does not receive tax dollars for operating expenses, according to its website.
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Cemex's net profit plunged to $26 million in the first three months of the year from $336 million a year earlier, hurt by higher operating expenses and a foreign exchange loss.
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"Based on this unprecedented environment, we are evaluating all appropriate steps to significantly reduce capital and operating expenses in the near term," Exxon CEO Darren Woods said in a recent statement.
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Spending on Council staff and other operating expenses are not subject to mayoral veto, and Mr. Johnson said he had not discussed the size of the increases with Mr. de Blasio.
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"Based on this unprecedented environment, we are evaluating all appropriate steps to significantly reduce capital and operating expenses in the near term," Darren Woods, chairman and CEO of Exxon Mobil, said.
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"Based on this unprecedented environment, we are evaluating all appropriate steps to significantly reduce capital and operating expenses in the near term," Exxon CEO Darren Woods said in a recent statement.
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The division's performance was sustained by cost savings, as operating expenses fell 6% yoy adjusted for the same items and contributed to a 1bp qoq increase in net margin to 27bp.
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The company forecasted first-quarter operating expenses of $9.6 billion to $9.8 billion, compared with expectations of $9.4 billion, and an effective tax rate of 16.5%, compared to expectations of 16.49%.
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Earnings before interest, taxes, depreciation and amortization slipped 2.4 percent from a year earlier to 1.723 billion reais as a focus on efficiency reduced routine operating expenses by about 10 percent.
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Total operating expenses rose less than 1% to $1.03 billion Net income attributable to common shareholders fell to $105 million, or 56 cents per share, for the three months ended Dec.
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The former FTSE 100 constituent also aims to cut its operating expenses before amortisation and depreciation to below 590 million pounds by 2021 from 644 million pounds in the last year.
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Current customs rules that have not fully embraced technological and trade advances cost manufacturers in the United States billions of dollars a year in increased bottlenecks, operating expenses and unfair competition.
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After the onset of the Nordic banking crisis in 1991, banks in Finland cut the number of branches by more than 40 percent within four years and slashed operating expenses by half.
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The central bank, in a circular late on Thursday, added the issuer will also need to ensure that proceeds from CP issuance are used to finance only current assets and operating expenses.
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DUBAI, April 12 (Reuters) - Saudi British Bank (SABB), the kingdom's sixth-largest lender by assets, posted a 9.3 percent drop in first-quarter net profit, meeting analysts' forecasts as operating expenses rose.
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TMX Group, Canada's biggest stock exchange operator, posted quarterly adjusted profit on Wednesday that topped market expectations, as it reined in operating expenses and benefited from strength in its global solutions business.
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HONG KONG, March 27 (Reuters) - GOME Electrical Appliances Holding Ltd said on Monday its profit for 2016 plunged 73 percent as it revamped stores, which boosted its selling costs and operating expenses.
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"Investors as a group must underperform the market, because the costs of participation — largely operating expenses, advisory fees, and portfolio transaction costs — constitute a direct deduction from the market's return," he wrote.
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Pinduoduo's total operating expenses from 2018 stood at 21 billion yuan ($3 billion), of which 13.4 billion yuan went to sales and marketing expenses such as TV commercials and discounts for users.
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It said it expects an approximately 20% increase in operating expenses in 2020, as it grows headcount by 20% or more in 2020 and it also builds out a new data center.
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Sijbrandij says the company shaves off 2300% of operating expenses by not renting physical space and another 40% because it focuses on hiring outside of the most expensive areas in the world.
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CSX's operating ratio, a measure of operating expenses as a percentage of revenue and a closely watched gauge of railroad performance, was 59.5 percent versus 63.7 percent in the year-ago quarter.
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CSX's operating ratio, a measure of operating expenses as a percentage of revenue and a closely watched gauge of railroad performance, was 60.3 percent versus 60.7 percent in the year-earlier quarter.
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CSX reaffirmed it would lower its operating ratio - a closely tracked measure of operating expenses as a percentage of revenue – to 2800 percent by 2020 from 67.9 percent at year-end 2017.
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In a note, Wells Fargo said the reduced capital and operating expenses and higher-than-expected operating cash flow — $1.23 billion versus Wells' projection for $1.14 billion — compensated for the earnings miss.
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Amazon's profit decreased 40 percent to $347 million, compared to $575 million the year prior, as a result of an increase in operating expenses, particularly in the company's costliest areas like fulfillment.
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Its operating ratio, a measure of operating expenses as a percentage of revenue and a closely watched gauge of railroad performance, was 60.3 percent versus 60.7 percent in the year-earlier quarter.
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Total operating expenses in the electric utilities and infrastructure segment fell 4.503 percent to $3.72 billion in the first quarter ended March 31, due to reduced storm restoration costs, the company said.
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DUBAI, Oct 6 (Reuters) - Jarir Marketing, one of Saudi Arabia's largest retailers by market value, posted flat third-quarter net profit on Thursday, and noted a drop in its non-operating expenses.
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The company, which manages roughly a fifth of all global domains, reported total costs and operating expenses of $642 million for the third quarter, up nearly 679.53 percent from a year earlier.
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"Looking forward to 2017, we expect to return to profitability, driven by the strength of our new products, double digit revenue growth and annual operating expenses of approximately $650 million, " he said.
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The railroad saw its operating ratio - or operating expenses as a percentage of revenue, a key metric for rail analysts and investors - improve to 67.5 percent from 69.7 percent a year earlier.
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On the cost side, direct lease operating expenses may be very significantly understated on the income statement, thus serving to increase reported net income and earnings (before interest, taxes, depreciation and amortization).
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Kansas City Southern said its adjusted operating ratio - a closely watched measure of operating expenses as a percentage of revenue - fell to 63.7% in the second quarter from 64.0% a year earlier.
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Years of low prices forced miners to cut operating expenses to the bone, leaving them ill-prepared to boost production if needed, as they lack readily-available equipment, labor and mine plans.
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"Midwest margins turned negative after operating expenses last week and forward cracks suggest margins will remain in the doldrums for some time," said Dominic Haywood, an analyst for Energy Aspects in London.
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While the quarter's results reflected a full quarter's impact of the Costco portfolio, which was acquired on June 17, it also included higher provision and operating expenses, partially offset by higher revenues.
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"Given the competitive market and need to invest in both capex and operating expenses, profitability along AWS's level may prove elusive for Azure for several years, if not forever," Jefferies analysts said.
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Mr. McGee said that the new steps were part of a restructuring effort to reduce operating expenses to about $650 million and that the steps should "yield some income leverage" in 2017.
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Chief Financial Officer David Wehner forecast this year that with investments in original content and higher security costs, Facebook could see operating expenses rise between 13 percent and 21 percent in 250.
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Over all, revenue fell 20 percent to £3 billion in the second quarter, and operating expenses were down 6 percent to £3.5 billion, from £3.71 billion in the second quarter of 2015.
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The newly formed exchange operator aims to invest 250 million-280 million reais and spend 1.05 billion-1.10 billion reais on operating expenses this year, the company said in its earnings release.
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Operating expenses should stabilize in relative terms, while the cost of credit is expected to grow due to changes in economic cycle in Colombia while in Central America no changes are expected.
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Air Italy, an essentially new airline that began operations in 2018, collapsed earlier this year due to financial pressures from high operating expenses, combined with a tight competitive environment and unsustainable expansion.
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DUBAI, Jan 29 (Reuters) - Saudi Arabia's biggest lender National Commercial Bank reported an 18.8% rise in 2019 net profit, helped by increased revenue from special commissions and financing, and lower operating expenses.
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The company faced pushback over its 9-figure annual marketing budget when it went public, and marketing and sales accounted for 62% of operating expenses in the company's most recent quarterly report.
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Union Pacific's operating ratio, a measure of operating expenses as a percentage of revenue and a key metric for Wall Street, fell 1.9 points to 59.7% in the fourth-quarter ended Dec.
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Through these cuts and other cost-saving measures, the company was ultimately able to reduce its operating expenses from $26 million in the second quarter to $22020 million in the third quarter.
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The program, which will cut gross annual pre-tax operating expenses by about $115 million to $150 million, is expected to be largely completed by the end of 2018, the company said.
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Devon said it cut lease operating expenses, which include labor, supply and other costs, by 26 percent in the quarter and is on track to cut costs by $1 billion this year.
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Heading into the year, small businesses reported stronger revenue growth and profitability but still struggled to get loans to pay operating expenses and wages, according to the Federal Reserve's Small Business Credit Survey.
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The bank attributed the drop in net profit primarily to higher operating expenses, which rose 19.7 percent as a result of a rise in provisions for credit losses and impairments of other assets.
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RBS announced Friday it plans to cut another £750 million in operating expenses next year in order to try to offset the challenge of making a profit in a low-interest rate economy.
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The Eagle Ford sale helped the company cuts its 231 operating expenses forecast to 105.7 cents-223 cents per Mcfe from 21.5 cents-23.81 cents and focus on gas production from Marcellus Shale.
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The company, which owns Peru's biggest bank, said its operating expenses rose on higher salaries and administrative costs in the fourth quarter, offsetting a nearly 11 percent rise in average daily loan balances.
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CSX hit its turnaround goal of driving down operating expenses as a percentage of revenue earlier than analysts expected, and Foote said the railroad has more opportunities to reduce overhead and boost revenue.
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New York State uses 60 percent of the money for winners, 30 percent for education, 6 percent for retailer commissions, 1.6 percent for gambling contractor fees and 1.6 percent for other operating expenses.
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At least five analysts asked Chief Executive John Stumpf and Chief Financial Officer John Shrewsberry about those operating expenses during a conference call on Friday, and whether they can come down any further.
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SFG reported $324 million in pre-tax operating income for 2015, an 8% increase from 2014, as more favorable claims experience and higher premiums offset increased operating expenses and higher commissions and bonuses.
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HU * ADMINISTRATIVE AND OTHER OPERATING EXPENSES RISE BY 51.3%, RESEARCH AND DEVELOPMENT SPENDING INCREASES BY 26.4%, SALES AND MARKETING COSTS UP BY 13.1% YEAR-ON-YEAR Further company coverage: (Reporting by Gergely Szakacs)
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Analysts at Canaccord Genuity said in a Tuesday note that, while strong demand for the iPhone 7 led the firm to solid quarterly results, it also led to higher-than-expected operating expenses.
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Broadly flat revenues yoy and a 5% fall in operating expenses contributed to a sound 4Q16 for the Swiss Universal Bank, which remains the largest contributor to group pre-tax income and revenue.
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Global Markets, which houses the group's sales and trading activities outside of APAC and Switzerland, reported just CHF5 million pre-tax income in 4Q16, despite material reductions in operating expenses and revenue improvements.
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For the full fiscal year, Twitter reiterated that it expects operating expenses to go up about 20% on a year-over-year basis as it invests in top priorities like health and conversation.
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Operating expenses of 744 million euros were 6% higher than last year, which the bank said was related to wage inflation, increased depreciation, and the elevated cost of its distressed loan workout unit.
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Operating expenses rose by 4% yoy, partly reflecting investments in digitalisation, which resulted in divisional pre-tax profit falling 103% yoy to EUR534 million, the lowest contribution of SG's operating divisions in 2Q17.
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The $23 million surplus contributed to the foundation's cushion of about $65 million in cash and short-term investments — enough to cover its projected operating expenses for all of the current fiscal year.
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Adjusted for the deconsolidation of Swisscard, restructuring charges and non-recurring items, pre-tax income in SUB rose 6% yoy to CHF457m in 2Q16, led by a 9% yoy reduction in operating expenses.
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It also said operating expenses fell 7.9 percent to HK$13 billion, while its cost-to-income ratio reached 51.2 percent, from 59.4 percent in the same six-month period a year earlier.
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"The ... beat masked weakness across the bank with a tighter [net interest margin], smaller balance sheet, lower fee revenue, and higher operating expenses than expected," said David Long, banking analyst at Raymond James.
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The Senate-passed bill includes $145 million in defense funding for the Army, Marine Corps, Air Force and Army National Guard for operating expenses such as strategic lifts, medical assistance and mobile surveillance.
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The Purchase, New York-based company also raised its 2018 growth forecast for adjusted net revenue to high-teens from mid-teens and adjusted operating expenses to mid-teens from low-double digits.
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All of our operating expenses have been covered for this year, so every penny we raise from this point out will be used to hammer our Democratic opponent and advance the President's agenda.
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Revenue in the quarter was up 0.3% at 9.65 billion crowns while earnings before interest, tax, depreciation and amortisation (EBITDA) grew 10.1% to 3.26 billion crowns, helped by lower costs and operating expenses.
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Meghan Casserly, a spokeswoman for Uber, said that the company's goal was to deliver meals to people as quickly as possible, and that the transparent fees covered operating expenses while fairly compensating workers.
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"The strong performance at the top line was partially offset by higher operating expenses and provisioning," said a note by Cairo-based Naeem brokerage, though it upgraded the stock to "buy" from "accumulate".
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Although its budget is capped by the Fed's operating expenses, neither the Federal Reserve nor its chairman has control over any employee of the CFPB or over any rule that the CFPB implements.
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In fact, 10 percent of ChargePoint's operating expenses go toward lobbying and policy work in the U.S. "The U.S. should be a little embarrassed that we don't have that uniformity," Romano told Recode.
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Estimated monthly revenue $20183,845 Gas $1,500 Income after expenses $1,400 Vehicle maintenance $1,300 Medallion loan 1 $4,123 Insurance $1,200 Car loan $650 Credit card fees $400 Medallion loan 2 $881 Other work-related expenses $400 Operating expenses Medallion loans Left over Estimated monthly revenue $11,845 Gas $0003,500 Vehicle maintenance $1,300 Medallion loan 1 $4,114 Income after expenses $1,400 Insurance $1,5503 Car loan $650 Credit card fees $400 Medallion loan 2 $881 Other $400 Operating expenses Medallion loans Left over Estimated monthly revenue $11,845 Gas $1,500 Income $4003,400 Vehicle maintenance $1,300 Medallion loan 1 $4,114 Insurance $1,200 Car loan $650 Medallion loan 0003 $881 Credit card fees $400 Other $400 Operating expenses Medallion loans Left over By Scott Reinhard | Note: Loan payment amounts are described in documents obtained by The New York Times.
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"Overall operational trends surprised us positively: asset quality improved more than we were expecting, while operating expenses and banking fees dynamics came well above our already optimistic numbers," Santander analysts said in a note.
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HSBC said operating expenses dropped 12 percent in the January-March quarter, helped by one-off sales in its retail and commercial businesses and the non-recurrence of U.S. regulatory fines for past misdeeds.
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The largest food group in the kingdom, Savola, sank 3.2 percent after it reported a 43.2 percent fall in second-quarter net profit and cut its dividend, citing higher operating expenses and financial charges.
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The maker of data analytics software also raised its full-year outlook for the second consecutive quarter, but investors appear to be focusing on an overall net loss and an increase in operating expenses.
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The company posted a 2217.6% rise in operating expenses and a per share adjusted loss of 2215.2 cent in the reported quarter, while analysts were expecting profit of a cent, according to Refinitiv data.
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Diamond's total operating expenses in the quarter fell 15 percent from a year earlier, but rose about 9 percent from the first quarter due to costs related to maintenance and reactivation of some rigs.
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At the time, von Ahn said that Duolingo was spending about $42,000 per day on its servers, employees and other operating expenses, a number that has surely increased over the last year or so.
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Telenor benefited from cuts in operating expenses, which helped lift its adjusted quarterly profit before interest, tax, depreciation, amortisation and other items to 20.8185 billion crowns ($21 billion), from 27.8797 billion a year ago.
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It should also help Tesla cut some operating expenses, and avoid dealing with local politics that have prevented it from operating its own stores (dealerships) in certain states including Connecticut, New Mexico and others.
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Total operating expenses were down 10 per cent year-on-year to $2.2 billion and the bank said it remained on budget with a sweeping restructuring plan across its Asian, African and European business.
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The company said in November the cost-cutting measures would include lowering operating expenses in 2017 to about $350 million and more than halving its capital budget for the year to about $100 million.
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The bank's total operating income increased by 8.5% mainly due to the increase in net special commission income, fees income from banking services, foreign exchange income, investment related income, and lower other operating expenses.
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ZURICH, Nov 1 (Reuters) - Credit Suisse on Thursday posted a 74 percent year-on-year jump in third-quarter net profit as operating expenses fell faster than a 2 percent decline in net revenues.
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If the two could find 1 billion euros of annual savings, equivalent to around 15 percent of Commerzbank's operating expenses last year, they could create up to 7 billion euros of net present value.
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It might sound like bad news, but it's actually an important part of GameStop's effort to reboot — the company is shoring up operating expenses and other needless expenditures as it attempts to stay afloat.
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The amount of revenue that Apple devotes to all of its operating expenses, which include marketing and administrative costs in addition to research and development, has been "competitive" with other tech companies, he said.
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Jacksonville, Florida-based CSX said its operating ratio, which measures operating expenses as a percentage of revenue, fell to 63.7 percent in the first three months of 2018 from 73.2 percent a year earlier.
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Dodd-Frank completely disregarded the important congressional appropriations process and specifically allowed the CFPB to receive its funding directly from the Federal Reserve's operating expenses so the CFPB could operate outside of congressional oversight.
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In a statement, RadioShack President and Chief Executive Officer Dene Rogers said since the company's bankruptcy filing in 2015, the retailer had made progress in stabilizing operations, including reducing operating expenses by 23 percent.
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Some lawmakers have sought to selectively repeal provisions that allow businesses to deduct legitimate operating expenses solely for oil and natural gas producers, even though the same provisions are widely exercised by most industries.
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Overall operating income rose by 2.7 percent in the quarter, offsetting a 6.9 percent increase in operating expenses due to higher impairments on investments the bank was looking to sell and greater staffing costs.
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Republic said it has sufficient assets and liquidity to meet its working capital and operating expenses during the restructuring process and will continue to deliver safe services and pay its employees, providers and vendors.
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According to Department of Education data on operating expenses, Stanford spent $24.0,2200 on its sailing program in 20113 — more than any school other than Boston College, and nearly double what Yale and Georgetown spent.
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Heading into this year, small businesses reported stronger revenue growth and profitability but still struggled to get loans to pay operating expenses and wages, according to the Federal Reserve's 2017 Small Business Credit Survey.
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"The fund makes very quick decisions from start to finish," said Ellen Leake, vice chairwoman of the foundation's international board, which has also agreed to cover all operating expenses over the next four years.
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Amid skyrocketing operating expenses, remote work has become an obsession for Bay Area founders looking to have it both ways, accessing Silicon Valley's networks of capital and opportunity without paying steep premiums for talent.
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Revenue was down slightly for the 2020 fiscal year compared to 2019, and operating expenses, operating income, net income and diluted earnings all headed the wrong way, in some cases by more than 30%.
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Operating expenses are expected to surge about 2186 percent year-on-year in 24, the company said, due to efforts to improve the health of its platform, exceeding analysts' average estimate of 223 percent.
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BRUSSELS (Reuters) - Belgian pharmaceutical group UCB on Thursday reported a better-than-expected core profit in the first half of 2016, as it reduced operating expenses and its inflammatory disease drug Cimzia performed well.
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This estimate is well above EDF's 55 billion euro estimate for the 2014-2025 period, which the auditor said is due to the fact that it also includes EDF's operating expenses over that period.
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On March 13, the Federal Transit Administration, a sub-agency of the DOT, allowed agencies in states that had declared emergencies to use federal formula funds for emergency-related operating expenses like increased cleaning.
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Its operating ratio, which measures operating expenses as a percentage of revenue and is a closely watched gauge of railroad performance, came in at 58.6 percent versus 67.4 percent in the year-earlier quarter.
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Philanthropy is not well-established in China—until recently, there was no tax incentive to donate to nonprofit institutions—and though the government sometimes provides funds for construction, it contributes nothing to operating expenses.
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For tech firms, real estate leases and rentals make up just 4 percent of a business's operating expenses, while payroll alone makes up about 50 percent according to the Census Bureau's Business Expenses Survey.
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The railroad reported an improved operating ratio - or operating expenses as a percentage of revenue, a key metric of railroad profitability - of 62 percent, 120 basis points better than in the fourth quarter of 2015.
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The San Jose, California-based company said that it expects operating expenses for its fiscal 2020 to be between $1.34 billion and $1.37 billion, slightly above analyst estimates of $1.3 billion, according to Refinitiv data.
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REPORTS FIRST QUARTER 2018 FINANCIAL RESULTS AND PROVIDES BUSINESS UPDATE * SCPHARMACEUTICALS INC - EXPECTS THAT ITS EXISTING CASH RESOURCES WILL ENABLE IT TO SUCCESSFULLY FUND OPERATING EXPENSES THROUGH 2019 Source text for Eikon: Further company coverage:
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Operating ratio, which measures operating expenses as a percentage of revenue and is a closely watched gauge of railroad performance, fell more than expected to 58.6 percent from 67.4 percent in the year-earlier quarter.
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And so the money ends up going to those sectors that, I would argue, tend to be well-funded already, instead of going towards the operating expenses of smaller organizations that are doing social services.
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Spotify earned $3.3 billion in revenue in 2016 off its 140 million total users and 50 million paid subscribers, but it still lost $390 million on operating expenses due to royalties and investments in growth.
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NCB reported an 8.8 percent rise in annual profit for 2018 to 10.67 billion riyals, from 9.80 billion riyals in the year earlier as a result of higher total operating income and lower operating expenses.
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The company says this will reduce its 2017 non-GAAP operating expenses to about $650 million and will help the company fulfill CEO Nick Woodman's stated goal of returning the company to profitability in 2017.
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CSX's operating ratio, a measure of operating expenses as a percentage of revenue and a closely watched gauge of railroad performance, was 59.5 percent for the quarter - just below its 60 percent target for 2019.
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Fitch views negatively IKKS' recently announced intention to approach its RCF creditors to reset the covenant levels following a review of the EBITDA calculation by reclassifying certain collection development costs from operating expenses into capex.
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Australia and New Zealand Banking Group posted a 2 percent rise in first-half cash profit, helped by lower operating expenses and credit impairment charges, despite tighter lending and lower home loan demand shrinking margins.
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In the quarter through March, Delta said operating expenses had swelled by $817 million to $9.13 billion from $8.1 billion the previous quarter, driven by higher fuel and labor costs, and a higher depreciation expense.
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Moody's sees Greek banks improving their core profits in the next 12-18 months from weak levels now via lower provisioning costs, reduced operating expenses and higher net interest income as they gradually increase lending.
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It said in November it would continue downsizing effort to accelerate closure of loss-making retail stores and expect improvement in gross profit margin and operating expenses to outweigh the negative impact of revenue decline.
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"While we are pleased with the progress on our capital structure initiatives, we are continuously exploring additional opportunities to further streamline operations and adjust inventory and operating expenses," CFO Rob Riecker said in a statement.
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Delivering on cost savings will be an important driver of profitability, given the group's high cost/income ratio and pressure from a greater proportion of operating expenses relative to revenues denominated in a strong CHF.
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WeWork makes a pro forma net loss on its bottom line, has growing losses on its preferred profitability metric, is not cash-flow positive, and has operating expenses greater than its deferred-rent cash flow.
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Although it disclosed a $933m net loss for 2017, WeWork turned a profit excluding interest, tax, depreciation, amortization, share-based pay, other operating expenses, sales and marketing spending and the cost of opening new locations.
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DUBAI, Aug 6 (Reuters) - Samba Financial Group, Saudi Arabia's third-largest bank by assets, reported a 3.3 percent drop in second-quarter net profit on Sunday, in line with analysts' forecasts, as operating expenses rose.
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The Wage Claim tool streamlines the process of submitting a claim to the California Labor Commission, allowing drivers to see how much they are owed based on their earnings and operating expenses (gas, repairs, etc.).
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HOUSTON, March 22 (Reuters) - Exxon Mobil Corp is notifying contractors and vendors of planned near-term cuts in capital and operating expenses because of the coronavirus pandemic, a spokesman for the company said on Sunday.
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The newfangled nature of the technology was part of the company's problem, along with a heavy debt load and high operating expenses, said Caryn Seidman Becker, who bought the business in 2010 with Ken Cornick.
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Azul will also extend an immediate financial lifeline to Avianca Brasil, disbursing as much as $40 million to pay for the carrier's operating expenses from now until April, two sources familiar with the matter said.
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The Omaha-based railroad's fourth quarter operating ratio, a measure of operating expenses as a percentage of revenue and a key metric for Wall Street, fell 1.9 points to 59.7% from the year earlier period.
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But nine months later, the program has hit a snag: Ola drivers, unhappy with long wait times at charging stations and high operating expenses, want to return their cars and switch to fuel-guzzling variants.
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Great America PAC's affiliated nonprofit, called Great America Alliance, paid $2900 million to consultants in 2876 and 2668, according to tax forms filed with the IRS, accounting for nearly half the group's total operating expenses.
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For example, if you invested $10,000 in a fund that produced a 10 percent annual return before expenses and had annual operating expenses of 1.5 percent, then after 20 years you would have roughly $49,725.
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But Dream Center improperly withheld some of those so-called credit-balance payments and appears to have used them to cover its own operating expenses, according to court filings by Mark Dottore, Dream Center's receiver.
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Box finished 2016 with revenue up 40 percent year on year, and though the size of its annual loss increased by nearly 12 percent to $203 million, operating expenses as a percentage of sales decreased.
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"In 2020, the Group expects an increase in Group net income compared to 2019, with slight growth in revenues in the current environment and a reduction in the Group's operating expenses," SocGen said in a statement.
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"In 2020, the Group expects an increase in Group net income compared to 2019, with slight growth in revenues in the current environment and a reduction in the Group's operating expenses," SocGen said in a statement.
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The Company expects to use the net proceeds from this financing for general corporate purposes, including but not limited to general operating expenses, development of its pipeline products, payment of indebtedness and obligations, and working capital.
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With operating expenses for existing U.S. shale wells between $17 and $23 per barrel, most companies can keep pumping unless oil falls below $20 per barrel, says David Zusman, chief investment officer of Talara Capital Management.
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He said GE is "set up to beat" the Wall Street consensus on the company's closely watch metric of industrial free cash flow — money left over after a company pays for operating expenses and capital spending.
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Network gear maker Juniper Networks on Thursday missed the mid-point of its margin guidance due to the tariffs, saying it expected pressure to continue, even as it manages its operating expenses to mitigate the damage.
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SAO PAULO, July 30 (Reuters) - Brazilian fast-fashion retailer Lojas Renner SA reported on Tuesday a double-digit fall in second-quarter net profit, as taxes and operating expenses grew while foreign exchange variations hurt margins.
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However, operating expenses rose 16.5 percent to $1.79 billion in the quarter as Visa, like its rival Mastercard spent more to partner with consumer brands, payment processors, hotels and airport lounges to offer subscribers better perks.
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Investment Banking and Capital Markets (IBCM) posted a sound 16% increase in adjusted revenues, but higher operating expenses in part due to higher variable compensation led to a 19% yoy decrease in adjusted pre-tax profits.
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The company said that its operating ratio - or its operating expenses as a percentage of revenue, a key metric for Wall Street analysts and investors - worsened in the quarter, rising 70 basis points to 69 percent.
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While operating expenses will remain under pressure because of the continued inclusion of adviser costs and professional fees associated with the probe and restructuring effort, with net finance costs expected to be higher than in 2018.
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The impairments boosted "other" operating expenses to $29.7 million in the first quarter, but that line should return to around $20 million to $25 million per quarter during the rest of the year, an executive said.
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While it's true that initial construction costs were higher, this cost was significantly outweighed by the near-term benefits of reduced operating expenses, accelerated lease-up and premium rent over the life of the occupant's lease.
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Rating constraints include execution risk related to completing CIT's strategic plans, which include reducing operating expenses, generating improved overall profitability, and shifting its funding mix towards non-maturity deposits and away from higher-cost brokered deposits.
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But the Postal Service said it saw a $2.2 billion increase in operating expenses due to increases in compensation and benefits as well as in transportation expenses stemming from higher fuel prices and higher package volume.
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The company said operating expenses should grow slower than inflation over the next three years, helping to lift earnings before interest, taxes, depreciation and amortization (EBITDA) to more than 40 percent of net revenue by 2020.
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