Financial Performance

Financial Performance

Deere Shares Drop Despite Q2 Earnings Beat

The company's farm equipment sales held up better than construction equipment amid the coronavirus pandemic.

Matthew Heller
May 25, 2020
Financial Performance

HPE Has ‘Tough’ Quarter With 16% Sales Drop

CFO Tarek Robbiati attributed the revenue decline primarily to supply chain disruption, which resulted in “significantly higher” levels of backlog.
Financial Performance

Shopping Shifts Squeeze Target Profit in Q1

The retailer's sales jumped 11.3% but margins were pressured as consumers switched to e-commerce amid the coronavirus crisis.
Financial Performance

Walmart Gets Big Boost From Pandemic Panic

For many grocery staples and cleaning supply items, "we were selling in two or three hours what we normally sell in two or three days."
Financial Performance

Denny’s Off-Premise Sales Soften COVID Impact

With dine-in sales shut down, the company has waived delivery fees, provided curbside pickup and launched shareable family meal packs.
Financial Performance

SmileDirect Sees Telehealth Boost From COVID

The company's Q1 results missed estimates but its performance "validates the strength, durability and flexibility of our business model.”
Financial Performance

Sony Profit Dives in Q4 as Virus Hits Electronics

CFO Hiroki Totoki says Sony's consumer electronics unit has been hardest hit by the pandemic “but the impact will expand to other businesses."
Financial Performance

Video Game Sales Hit Record $10.8B in Q1

Consumers confined to their homes by COVID-19 are turning to games not only as a diversion but also for social connection.
Coronavirus

Marriott Takes Revenue Hit From Empty Rooms

“In the last few months, we have seen the impact of COVID-19 spread throughout our business in an unprecedented way."
Financial Performance

Intuit Warns of Revenue Hit From Virus Crisis

The software firm cited the negative impact of COVID-19 on small business customers and the extension of the tax filing deadline to July 15.
Accounting & Tax

GM Banks on Cash Hoard to Ride out Pandemic

“We believe that we’re positioned well to manage through this because we’ve taken swift actions to preserve liquidity,” CFO Dhivya Suryadevara says.
Financial Performance

Disney Earnings Plunge Amid Park Closures

“Disney has gone from being on top of the world a la Lion King, to feeling like Eeyore stuck in the middle of a perfect storm with no end in sight."
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