Just because a company is big, popular and always in the headlines doesn’t necessarily mean that the company is raking in cash. In fact, for various reasons, many of the most popular and highly-owned public companies have had negative net earnings during the past year.
Here’s a list of 15 billion-dollar companies that have failed to turn a profit over the past four quarters.
1. MGM Resorts International (NYSE:
MGM)
Market cap: $10.21 billion
Trailing 4-quarter net income: -$87.2 million
2. Icahn Enterprises LP (NASDAQ:
IEP)
Market cap: $10.85 billion
Trailing 4-quarter net income: -$180.0 million
3. Sprint Corp (NYSE:
S)
Market cap: $18.09 billion
Trailing 4-quarter net income: -$3.37 billion
4. Palo Alto Networks Inc (NYSE:
PANW)
Market cap: $14.67 billion
Trailing 4-quarter net income: -$268.2 million
5. Charter Communications, Inc. (NASDAQ:
CHTR)
Market cap: $19.05 billion
Trailing 4-quarter net income: -$327.0 million
6. Twitter Inc (NYSE:
TWTR)
Market cap: $23.11 billion
Trailing 4-quarter net income: -$607.9 million
7. Amazon.com, Inc. (NASDAQ:
AMZN)
Market cap: $203.29 billion
Trailing 4-quarter net income: -$406.0 million
Related Link: What Did Billion-Dollar Companies Look Like At Series A?
8. Occidental Petroleum Corporation (NYSE:
OXY)
Market cap: $60.38 billion
Trailing 4-quarter net income: -$1.02 billion
9. JD.com Inc(ADR) (NASDAQ:
JD)
Market cap: $46.36 billion
Trailing 4-quarter net income: -$307.7 million
10. salesforce.com, inc. (NYSE:
CRM)
Market cap: $47.45 billion
Trailing 4-quarter net income: -$161.6 million
11. Anadarko Petroleum Corporation (NYSE:
APC)
Market cap: $41.01 billion
Trailing 4-quarter net income: -$2.37 billion
12. Sony Corp (ADR) (NYSE:
SNE)
Market cap: $36.67 billion
Trailing 4-quarter net income: -$1.16 billion
13. Tesla Motors Inc (NASDAQ:
TSLA)
Market cap: $33.88 billion
Trailing 4-quarter net income: -$398.4 million
14. ConAgra Foods Inc (NYSE:
CAG)
Market cap: $18.77 billion
Trailing 4-quarter net income: -$786.0 million
15. Pandora Media Inc (NYSE:
P)
Market cap: $3.37 billion
Trailing 4-quarter net income: -$49.7 million
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