The third quarter "was marked by continued strong revenue growth coupled with improving unit economics, cash flow, and operating efficiencies.”
“We’re convinced that most of the [shift to online shopping] will persist beyond the pandemic," CEO Doug McMillon says.
The resumption of several major sports in the third quarter, as well as the start of the NFL season, "generated tremendous customer engagement."
“The real bright spot has been our direct-to-consumer business, which is key to the future of our company."
"GM is benefiting from robust customer demand for our new vehicles and services, especially our full-size pickups and SUVs."
Hyatt's revenue per available room improved in Q3 but the hotelier expects "demand to remain uneven over the coming months."
“Our growth reinforces the essential role we play in our customers’ daily lives during this pandemic.”
The company disclosed that further capital spending cuts and possible writedowns of assets are ahead as it battles the pandemic-induced oil bust.
Twitter beat estimates on the top and bottom lines but daily active user growth of only 1 million disappointed investors.
“The recovery so far has been uneven, V-shaped for domestic volumes but L-shaped for cross-border volumes,” CFO Vasant Prahbhu says.
“We know that there’s huge value to be unlocked as we turn around our automotive operations," said new CEO Jim Farley.
The company is battling reduced demand amid the COVID-19 pandemic, with commercial aircraft sales down 56% in Q3.
