Tesla Inc on Wednesday posted its third quarterly profit in a row, but said the novel coronavirus was hurting deliveries and lockdown restrictions made it impossible for the electric carmaker to provide guidance for the full year.
EBay Inc forecast current-quarter revenue above Wall Street estimates on Wednesday, as the e-commerce company benefited from a surge in online orders with people staying indoors because of the COVID-19 pandemic.
Microsoft Corp reported quarterly revenue above Wall Street estimates on Wednesday, boosted by higher usage from its online app Teams collaboration and higher demand for the Windows operating system as millions shelter and work from home during the coronavirus pandemic.
Qualcomm Inc on Wednesday beat Wall Street estimates for quarterly results and forecast current-quarter sales largely in line with expectations even though several other chipmakers had flagged concerns of a significant hit from the coronavirus outbreak.
On Wednesday, Facebook released its first quarter earnings report, beating investors’ expectations for quarterly revenue. The social media company cited strong daily and monthly active users, with over 2.99 billion users across its apps. Yahoo Finance’s Myles Udland breaks down Facebook’s earnings report. …read more […]
Chesapeake Energy Corp , the oil and gas exploration and production company that was at the forefront of the past decade’s U.S. shale boom, is preparing a potential bankruptcy filing as it grapples with an unprecedented rout in energy prices, people familiar with the matter said on Wednesday.
Microsoft beat on both top and bottom lines on revenue and earnings per share in its third quarter earnings report. The company noted that it saw a minimum net impact on total company revenue amid the coronavirus outbreak as cloud usage and demand increased. Yahoo Finance’s Myles Udland breaks down Microsoft’s earnings report. …read more […]
Apple will report its Q2 2020 earnings on Thursday, with the focus on how far iPhone sales have fallen amid the coronavirus pandemic. …read more […]
Tesla Inc on Wednesday beat analysts’ estimates for first-quarter revenue and posted its third straight quarterly profit, as the electric carmaker recorded a solid number of deliveries during the period despite disruptions due to the coronavirus outbreak.
EBay Inc forecast current-quarter revenue above estimates on Wednesday, as the e-commerce company benefited from a surge in online orders from people staying indoors due to the COVID-19 pandemic.
Facebook Inc beat analysts’ estimates for quarterly revenue on Wednesday, and said it has seen signs of stability in ad spending during the first three weeks of April.
World stock markets rose sharply on Wednesday following encouraging news for an experimental COVID-19 treatment and some positive earnings reports, while beaten-up oil prices soared.
The social network is the second tech giant this week to report earnings in the wake of the coronavirus outbreak. …read more […]
Canadian pot producer Canopy Growth Corp said on Wednesday it would lay off 200 employees in North America and the UK, according to an internal announcement seen by Reuters.
(Bloomberg) — The U.S. proposed rules to track aluminum imports more closely, in a move that could address industry demands to block Chinese supply that skirts tariffs.While the Trump administration’s import levies are aimed at protecting against excess foreign supply of the metal, concerns have persisted that aluminum from China — the world’s biggest producer — is still flooding into the market.That’s because some Chinese supply could first be sent to another nation that isn’t subject to the duties. It’s then melted and reformed before being shipped again, masking its true origin. Criticism about surplus metal entering the U.S. via …read more […]
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