Financial performance

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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FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett will hold a drastically scaled-back version of Berkshire Hathaway's annual meeting on Saturday, May 2, 2020, because of the coronavirus outbreak. No shareholders will be allowed at this year's online meeting, but Buffett will still offer some commentary during a brief question-and-answer session at the event. (AP Photo/Nati Harnik, File)
May 02, 2020 - 6:25 pm
OMAHA, Neb. (AP) — Billionaire investor Warren Buffett doesn't know how or when the economy will recover from the coronavirus outbreak shutdown, but he remains optimistic in the long-term future of the United States. Buffett said Saturday at Berkshire Hathaway's online annual meeting that there's...
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FILE - This Jan. 14, 2019, file photo shows Pacific Gas & Electric vehicles parked at the PG&E Oakland Service Center in Oakland, Calif. A decision was announced Friday, May 1, 2020, that Pacific Gas & Electric Corp. will sweep out three quarters of its board of directors to start with a mostly clean slate when it emerges from a bankruptcy case triggered by deadly wildfires ignited in Northern California by the utility's neglected electrical grid. (AP Photo/Ben Margot, File)
May 01, 2020 - 11:59 am
BERKELEY, Calif. (AP) — PG&E Corp. will sweep out three quarters of its board of directors to start with a mostly clean slate when it emerges from a bankruptcy case triggered by deadly wildfires ignited in Northern California by the utility’s neglected electrical grid. The decision announced...
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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 - In this April 20, 2020 file photo, a new sign lets drive-thru customers know that the available menu at a local McDonalds is no longer complete due to the ongoing coronavirus restrictions in Phoenix. Most McDonald’s restaurants in the U.S. and China are now open for drive-thru and delivery, but global lockdown orders still took a bite out of the company’s first-quarter sales. McDonald’s said Thursday, April 30, its sales fell 6% to $4.71 billion in the January-March period. (AP Photo/Ross D. Franklin, File)
April 30, 2020 - 4:58 am
Most McDonald’s restaurants in the U.S. and China are now open for drive-thru and delivery, but global lockdown orders still took a bite out of the company’s first quarter sales. McDonald’s said Thursday its sales fell 6% to $4.71 billion in the January-March period. Declines have persisted in...
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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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