Earnings

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)
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May 05, 2020 - 8:12 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 during the coronavirus pandemic. The Italian-American carmaker has withdrawn full-year earnings forecasts due to the volatility of the...
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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)
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April 30, 2020 - 8:27 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 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)
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April 30, 2020 - 7:47 pm
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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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)
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April 30, 2020 - 7:13 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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FILE - This Aug. 11, 2019, file photo shows a Visa logo on a credit card in New Orleans. Visa said Thursday, April 30, 2020, that its fiscal second-quarter profits increased 3.6% from a year earlier, helped by growth in payments being processed over the company's namesake network. (AP Photo/Jenny Kane, File)
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April 30, 2020 - 6:14 pm
Visa said Thursday that its fiscal second-quarter profits increased 3.6% from a year earlier, helped by growth in payments being processed over the company's namesake network. The San Francisco-based company reported net income of $3.08 billion, or $1.38 per share, in the three months ended March...
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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)
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April 30, 2020 - 10:32 am
McDonald's says it has likely reached the trough of global restaurant closures due to COVID-19, with 25% still shuttered. But business has been slow to return as lockdown orders continue to disrupt consumers' routines. McDonald’s said Thursday its sales fell 6% to $4.71 billion in the January-March...
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FILE - In this March 31, 2020 file photo, American Airlines planes stored at Pittsburgh International Airport sit idle on a closed taxiway in Imperial, Pa. American Airlines reported a staggering loss of $2.24 billion for the first quarter, when the coronavirus pandemic triggered a sharp drop in air travel. The airline's revenue fell 19% while costs continued to rise even as the virus spread. (AP Photo/Gene J. Puskar, File)
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April 30, 2020 - 9:40 am
DALLAS (AP) — American Airlines reported a staggering loss of $2.24 billion for the first quarter, when the coronavirus pandemic triggered a sharp drop in air travel. The airline's revenue fell 19% while costs continued to rise even as the virus spread. The situation facing the airline industry has...
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April 30, 2020 - 8:47 am
HELSINKI (AP) — Finnish telecom equipment maker Nokia has reported improved first quarter profit but said the COVID-19 pandemic dented sales by around 200 million euros ($218 million) mainly due to supply issues associated with disruptions in China. The company based in Espoo, Finland, reported...
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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)
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April 29, 2020 - 9:46 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 March 29, 2018, file photo shows the Facebook logo on screens at the Nasdaq MarketSite in New York's Times Square. Facebook on Tuesday, April 28, 2020, reported its slowest quarterly growth as a public company, pressured by a global slowdown in the digital advertising market due to the coronavirus pandemic. (AP Photo/Richard Drew, File)
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April 29, 2020 - 6:08 pm
OAKLAND, Calif. (AP) — Facebook on Wednesday reported its slowest quarterly growth as a public company, pressured by the coronavirus pandemic and a resulting global slowdown in digital advertising. The social network, like Google on Tuesday, said it’s feeling the squeeze but expects to weather it...
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