Deere Shares Drop Despite Q2 Earnings Beat
The company's farm equipment sales held up better than construction equipment amid the coronavirus pandemic.
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.
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.
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.
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.”
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."
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."
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.
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.
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."
Tyson Foods Shares Dive on 15% Profit Drop
The company expects coronavirus-related disruptions will “increase our operating costs and negatively impact our volumes" for the rest of this year.