Zynga Rides Gaming Binge to Record Quarter
“We are living in unprecedented times and more people than ever before are turning to games for entertainment and a sense of community."
MetLife Earnings Tumble 43% to $758M in Q2
The insurer's profit drop reflected a 13% decline in net investment income and $710 million in net derivative losses.
BP Halves Dividend, Posts $16.8B Loss in Q2
The energy giant was forced to write down the value of exploration assets by $6.5 billion due in part to the decline in oil and gas prices.
Stay-at-Home Demand Drives Apple Growth
The company reported increased third-quarter sales across all its products, with even the iPhone up more than 1% from a year ago.
PayPal Crushes Estimates, Posts 25% Sales Gain
“Our record performance in the second quarter — our strongest quarter ever — reaffirms the relevance of PayPal in the unfolding digital future."
GM Posts $806M Loss, 47% Drop in Sales
The automaker sees stronger sales ahead with its plants now back in production after coronavirus-related shutdowns.
Visa Profit Drops 23% as Card Spending Slows
Payments volume improved as the third quarter progressed, reflecting the easing of shelter-in-place orders in the U.S.
Harley-Davidson U.S. Sales Plunge 27% in Q2
"A total rewire is necessary to make Harley-Davidson a high-performance company,” CEO Jochen Zeitz says after Harley also reported a surprise loss.
Reduced T&E Spending Continues to Hit AmEx
AmEx is "in a tricky situation because they have a large corporate book and a big T&E book and those are the parts in the world’s economies that are weak."
Mattel Beats Estimates But Sales Drop 15%
The toymaker's “sluggish sales are in stark contrast to the overall success the toy industry has seen in the wake of the coronavirus pandemic."
Tesla’s Emission Credits Fuel $104 Million Profit
“Tesla’s business model is currently 100% predicated on selling one-time temporary credits to guys who increasingly don’t need them."