• Dropbox falls as charge on real estate in shift to remote leads to wider quarterly net loss

    9 days ago - By Business Insider

    Dropbox CEO Drew Houston
    Matt Winkelmeyer/Getty Images
    Dropbox fell as much as 5% on Friday after turning in a fourth-quarter net loss of $346 million.
    The company took a quarterly charge on real-estate assets following its shift to remote work during the COVID-19 outbreak.
    Dropbox's adjusted earnings of $0.28 per share beat expectations of $0.24 per share.
    Visit the Business section of Insider for more stories .
    Dropbox stock fell as much as 5% Friday, with the cloud-storage provider turning in a fourth-quarter net loss as a shift to remote work led to a charge related to real estate. The...
    Read more ...

     

  • Marriott reports $164 million loss for fourth quarter

    Marriott reports $164 million loss for fourth quarter

    9 days ago - By Travel and Tourworld

    Marriott has recently reported a fourth quarter net loss of $164 million as the COVID-19 pandemic continues to take the hospitality industry by storm. The figure has been compared to a net income of $279 million in the quarter of the year before. Comparable systemwide constant dollar RevPAR for the three months period declined 64 per cent worldwide, 65 per cent in the United States and Canada, and 63 per cent in international markets when compared to the 2019 fourth quarter.
    The company added nearly 63,000 rooms globally during 2020, including more than 28,000 rooms in international...
    Read more ...