Business

Disney streaming booms as theaters grapple with pandemic

US entertainment giant Disney said Thursday its online streaming services have boomed while it grapples with how to release films as the Delta coronavirus variant drives viewers from movie theaters.

Business

Oracle shares slump on earnings hit by pandemic

Oracle shares fell Tuesday after the business software company reported its earnings took a hit from the pandemic's toll on hotels, shops and other enterprises that rely on its cloud computing offerings.

Business

Microsoft's cloud business helps offset pandemic woes

Ongoing demand for Microsoft's cloud computing services help softened the blow of the coronavirus pandemic on the software giant's other products during the first three months of the year.

Business

Verizon adds more cellphone customers; profit slips

Verizon's net income fell in the second quarter but a key earnings measure topped analyst expectations as the country's largest cellphone company added more wireless customers.

Net income

Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. Net income can be distributed among holders of common stock as a dividend or held by the firm as retained earnings. Net income is an accounting term. In some countries (such as the UK) profit is the usual term.[citation needed] Often, the term income is substituted for net income, yet this is not preferred due to the possible ambiguity.

The items deducted will typically include tax expense, financing expense (interest expense), and minority interest. Likewise, preferred stock dividends will be subtracted too, though they are not an expense. For a merchandising company, subtracted costs may be the cost of goods sold, sales discounts, and sales returns and allowances. For a product company advertising, manufacturing, and design and development costs are included.

Net income is informally called the bottom line because it is typically found on the last line of a company's income statement. A related term is top line, meaning revenue, which forms the first line of the account statement.

An equation for net income in merchandising:

Net income or net loss = Revenue – Cost of goods sold – Sales discounts – Sales returns and allowances – Expenses – Minority interest – Preferred stock dividends

This text uses material from Wikipedia, licensed under CC BY-SA