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7073彩票注册 withdraws first-quarter revenue guidance due to coronavirus

7073彩票注册 Inc. on Monday said it is withdrawing revenue and operating income guidance for the first quarter of 2020, as well as its outlook for expenses, stock-based compensation, headcount, and capital expenditures for the...

Yum China store closures peaked in February, traffic recovering slowly

Yum China Holdings Inc. , which operates KFC, Taco Bell and Pizza Hut in China, said its restaurant closures peaked in February at 35% of restaurants closed. Currently, 95% of restaurants in China are either fully or parti...

Delta projects 80% drop in second-quarter revenue, or $10 billion; it is burning through $50 million in cash per day

Delta Air Lines Inc. warned in an 8K filing on Friday that second-quarter revenue will plunge 80%, or $10 billion, from the year-ago quarter as it burns through $50 million in cash per day because of coronavirus. The larg...

Gucci parent Kering sees Q1 revenue down 13% to 14% as coronavirus outbreak weighs

Gucci parent Kering said Friday it expects first-quarter revenue to fall 13% to 14% from the year-earlier period, as the coronavirus that causes COVID-19 weighs. "Currently, the group is observing encouraging signs in Mai...

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U.S. jobless claims may reach 2.25 million, 7073彩票注册man Sachs economist estimates

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UnitedHealth's stock surges to pace the Dow's gainers after Deutsche Bank upgrade

Shares of UnitedHealth Group Inc. shot up 4.6% in morning trading Friday, enough to pace the Dow Jones Industrial Average's gainers, after Deutsche Bank analyst George Hill turned bullish on the health care provider, cit...

Coca-Cola doesn't expect to achieve 2020 financial targets, cites 'material' impact of COVID-19 pandemic

Coca-Cola Co. disclosed Friday that it does not expect to achieve its previously provided financial guidance for 2020, as the negative impact of the COVID-19 pandemic nas significantly increased, which includes a sharp ra...

US Steel sees smaller-than-expected loss for Q1 than consensus

United States Steel Corporation said Friday it expects a first-quarter adjusted per-share loss of 80 cents, narrower than the 84 cents loss FactSet consensus. "Through the quarter, our Flat-rolled operations have perform...

Coty expects 20% Q3 revenue decline despite Amazon demand, will start making hand sanitizer due to coronavirus

7073彩票注册Coty Inc. said Friday that it expects fiscal third-quarter revenue to fall 20% due to the coronavirus outbreak, with profit expected to take a "meaningful impact." The FactSet consensus is for revenue of $1.85 billion, im...

AT&T cancels $4 billion ASR, previously planned to start in April

AT&T Inc. disclosed Friday that it was canceling the previously announced $4 billion accelerated share repurchase (ASR) planned for the second quarter, to maintain financial flexibility during the COVID-19 pandemic. The t...

Paint maker RPM International sees Q3 earnings coming in at high end of guidance

7073彩票注册Paint maker RPM International Inc. said Friday it expects its fiscal third-quarter earnings to come in at the high end of guidance. The Medina, Ohio-based company said in January, it expected revenue for the quarter ended...

Tiffany misses profit expectations, but same-store sales growth beats

Shares of Tiffany & Co. were indicated up about 1% in premarket trading Friday, after the luxury jewelry retailer reported fiscal fourth-quarter profit that missed expectations but sales that matched and same-store sales ...

Hibbett Sports profit falls short of estimates as sales beat

7073彩票注册Hibbett Sports Inc. said Friday it had net income of $6.0 million, or 34 cents a share, in its fiscal fourth quarter to Feb. 1, down from $6.6 million, or 36 cents a share, in the year-earlier period. Ajudsted per-share e...

Hawaiian Airlines parent sees March revenue down at least 25%, April revenue down 50%

Hawaiian Airlines-parent Hawaiian Holdings Inc. said it expects March revenue to down at least 25% from a year ago, and April revenue to be down over 50%, as a result of reduced demand related to the COVID-19 pandemic. Th...

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CrowdStrike stock soars as sales nearly double, results beat expectations

Ollie's Bargain stock falls 13% after Q4 sales, profit miss

Shares of Ollie's Bargain Outlet Holdings Inc. fell more than 13% in the extended session Thursday after the grocer reported fourth-quarter sales and adjusted profit below expectations, saying it focused too much on toys....

Yelp withdraws 2020 financial guidance because of COVID-19 impact on small business, consumers

Yelp Inc. on Thursday said it is withdrawing its first quarter and full-year 2020 financial outlook outlined in a Feb. 13 shareholder letter because of "heightened uncertainty related to COVID-19 and its impact on local e...

TJX to suspend buybacks, evaluate dividend and close its stores

TJX Companies , the parent of T.J. Maxx, Marshalls and HomeGoods store chains, said Thursday it was suspending its stock repurchase program, evaluating its dividend program and cutting capital expenditures as it looks to m...

Burlington Stores withdraws guidance, closes stores due to coronavirus

Burlington Stores Inc. said Thursday that it is withdrawing the guidance that it gave with its fourth-quarter earnings, announced on March 5, due to the coronavirus. The guidance did not include the impact of the outbreak...

Sherwin-Williams affirms guidance, has seen minimal disruption in supply chain from COVID-19 pandemic

Sherwin-Williams Co. said Thursday that it was affirming its first-quarter financial guidance, saying it has so far experienced "minimal" disruption to its supply chain in the face of the COVID-19 pandemic. The company sa...

Keurig Dr. Pepper reaffirms 2020 guidance after increased demand due to coronavirus

Keurig Dr. Pepper Inc. reaffirmed its 2020 guidance on Thursday ahead of the beverage company's participation in the JPMorgan investor call, taking place today. Keurig Dr. Pepper expects adjusted earnings per share growth...

Calvin Klein parent G-III reports earnings that beat expectations, holds back guidance

GIII Apparel Group Ltd. reported fourth-quarter net income of $25.3 million, or 52 cents per share, up from $24.1 million, or 48 cents per share, last year. Adjusted EPS of 75 cents beat the FactSet consensus for 67 cents...

Olive Garden parent Darden Restaurants shares rise after earnings beat, dividend suspended due to coronavirus

7073彩票注册Darden Restaurants Inc. stock rose 5% in Thursday premarket trading after the Olive Garden parent reported fiscal third-quarter earnings that beat expectations. Net income totaled $232.3 million, or $1.89 per share, up fr...

Casper Sleep narrows loss in Q4 but revenue falls short of estimates

Casper Sleep Inc. said Thursday it has a net loss of $25.6 million in the fourth quarter, narrower than the $27.9 million loss posted in the year-earlier period. The company did not offer a per-share loss number for the ...

Lennar's stock set to rally after profit, revenue rise above expectations

Shares of Lennar Corp. were indicated up over 2% in premarket trading Thursday, after the home builder reported fiscal first-quarter profit and revenue that rose above expectations. The company said it was suspending its ...

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