Earnings

May 06, 2020 - 2:07 am
FRANKFURT, Germany (AP) — Automaker BMW saw net profit fall slightly in the first quarter from a year earlier, when the company had a large one-time expense. The company said it expected earnings to deteriorate during the first half of this year due to the coronavirus lockdowns and predicted the...
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FILE - In this March 16, 2020, file photo, the entrance to the parking lot at the Magic Kingdom at Walt Disney World is closed in Lake Buena Vista, Fla. The House of Mouse is struggling. Its second quarter profit dropped as the company took a $1.4 billion hit due to the coronavirus pandemic. For the January to March quarter, Disney's net income dropped 93 percent to 26 cents per share. Excluding one-time items, net income totaled 60 cents per share. Analysts expected 91 cents per share, according to FactSet. (AP Photo/John Raoux, File)
May 05, 2020 - 2:23 pm
NEW YORK (AP) — The House of Mouse is struggling amid the coronavirus pandemic. Disney reported a steep decline in profit as many segments of its media and entertainment offerings ground to a standstill. Its second quarter profit dropped 91% to $475 million, down from $5.4 billion a year earlier...
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FILE - In this Feb. 26, 2019, file photo, Jeep vehicles are parked outside the Jefferson North Assembly Plant in Detroit. Fiat Chrysler is backing off a planned May 4 restart at its North American factories because some U.S. states still will have stay-home orders in place. The move likely means that factories of all three Detroit automakers will be idled for at least another two weeks as they negotiate reopening terms with the United Auto Workers union. (AP Photo/Carlos Osorio, File)
May 05, 2020 - 8:44 am
MILAN (AP) — Fiat Chrysler Automobiles on Tuesday reported a first-quarter net loss of 1.7 billion euros ($1.84 billion) due to a steep decline in car sales triggered by the coronavirus pandemic, and said the impact on the second-quarter would be even more severe. The Italian-American carmaker has...
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FILE - In this Sept. 18, 2018 file photo, the Ferrari Monza SP1 car is displayed in Maranello, Italy. Luxury sports carmaker Ferrari on Monday, May 4, 2020, significantly lowered full-year earnings guidance due to the COVID-19 pandemic, but acknowledged that the new outlook assumes a sharp recovery in the second half of the year. (AP Photo/Collen Barry, file)
May 04, 2020 - 8:01 am
SOAVE, Italy (AP) — Luxury sports carmaker Ferrari on Monday lowered its full-year earnings guidance significantly due to the COVID-19 pandemic, and acknowledged that the new outlook assumes a sharp recovery in the second half of the year. Ferrari, which is based in the Emilia Romagna region that...
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Taxi driver Mor Gob, wearing a mask to protect against coronavirus, delivers boxes with prepared meals to people in need in the Bronx borough of New York, Thursday, April 30, 2020. More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s. (AP Photo/Mary Altaffer)
AP News
April 30, 2020 - 5:27 pm
NEW YORK (AP) — Bleak new figures Thursday underscored the worldwide economic pain inflicted by the coronavirus: The number of Americans filing for unemployment benefits has climbed past a staggering 30 million, while Europe’s economies have gone into an epic slide. And as bad as the numbers are,...
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A person wearing a mask jogs past an Amazon Go store, Thursday, April 30, 2020, in downtown Seattle. Amazon.com is expected to announce earnings for the first quarter of 2020 at the close of markets Thursday, a report that is expected to be closely watched due to the effects of the coronavirus outbreak on the company. (AP Photo/Ted S. Warren)
April 30, 2020 - 4:13 pm
NEW YORK (AP) — Amazon’s sales soared in the first three months of the year, as more home-bound people shopped online amid the coronavirus pandemic. But getting millions of packages to shopper’s doorsteps is expensive. The rising costs pushed Amazon’s first-quarter profit down 29% and its earnings...
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Ethan Cale walks from the American Airlines ticket counter Thursday, April 30, 2020, in Salt Lake City. American Airlines reports a staggering loss of $2.2 billion for the first quarter, when the new coronavirus began to cause a steep drop in air travel. American Airlines reported Thursday that revenue fell 19% while costs continued to rise even as the virus spread. Air travel within the U.S. has plunged 95% from a year ago, judging by the number of people screened at the nation's airports. (AP Photo/Rick Bowmer)
April 30, 2020 - 3:32 pm
DALLAS (AP) — American Airlines and United Airlines lost a combined $4 billion in the first quarter as the coronavirus pandemic triggered a sharp drop in air travel, and the airlines are busy borrowing enough money to survive until passengers return in large numbers. Thursday's reports from two of...
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A woman sits with his soon in a boulevard in Barcelona, Spain, Thursday, April 30, 2020, as the lockdown to combat the spread of coronavirus continues. (AP Photo/Emilio Morenatti)
April 30, 2020 - 11:47 am
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the global economy, the work place and the spread of the virus. ________________________ EARNINGS RESULTS: The busiest week of the earnings season...
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FILE - This Wednesday, March 18, 2020, file photo, shows a Tesla charging station for automobiles in Port Huron, Mich. Tesla's sales of its increasingly popular electric cars got off to a fast start in the year, even though the company had to slam the brakes along with other major automakers in March 2020 because of worldwide efforts to contain the worst pandemic in a century. (AP Photo/Paul Sancya, File)
AP News
April 29, 2020 - 6:46 pm
DETROIT (AP) — Tesla reported that it eked out a first-quarter net profit Wednesday and its CEO went on a rant about the legality of government stay-home orders issued to prevent the coronavirus from spreading. The electric car and solar panel company said it made $16 million from January through...
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FILE - This April 12, 2016 file photo shows the Microsoft logo in Issy-les-Moulineaux, outside Paris, France. Ongoing demand for Microsoft's cloud computing services help softened the blow of the coronavirus pandemic on the software giant's other products during the first three months of the year. The company on Wednesday, April 29, 2020 reported fiscal third-quarter profit of $10.75 billion, up 22% from the same period last year. Net income of $1.40 per share beat Wall Street expectations of $1.27 a share. (AP Photo/Michel Euler, File)
April 29, 2020 - 2:30 pm
Ongoing demand for Microsoft's cloud computing services help softened the blow of the coronavirus pandemic on the software giant's other products during the first three months of the year. The company on Wednesday reported fiscal third-quarter profit of $10.75 billion, up 22% from the same period...
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