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Car maker stocks fall after BMW profit warning
Shares of auto makers fell Wednesday, pulled down by Germany-based BMW AG's warning of a significant drop in profits this year. Ford Motor Co.'s stock slumped 2.4%, General Motors Co. shares shed 2.9% and Fiat Chrysler Automobiles N.V. .....»»
AmEx sees drop in revenue as pandemic slows travel, dining
American Express saw its first-quarter profits rise sharply, but the company saw a significant drop in revenue as fewer customers used their credit cards and those with balances paid down debt......»»
Oil giant Saudi Aramco sees 2020 profits drop to $49 billion
Saudi Arabia's state-backed oil giant Aramco announced Sunday that its profits nearly halved in 2020 to $49 billion, a big drop that came as the coronavirus pandemic roiled global energy markets......»»
Sony profits tumble despite gaming boost
Japan’s Sony Corp on Wednesday (May 13) reported a 57% drop in fourth-quarter operating profit and refrained from providing an outlook for the current year due to uncertainty related to the coronavirus outbreak. Francis Maguire reports......»»
Saudi Aramco"s profits drop almost $6 billion after oil prices crash below $0
Saudi Aramco reported a net income of $16.7 billion in the first quarter of 2020, down 25% from $22.2 billion in the same period last year......»»
$1.7 trillion giant Saudi Aramco"s profits drop almost $6 billion after oil prices crash below $0
Saudi Aramco $1.7 trillion oil giant Saudi Aramco reported a 25%.....»»
Comcast profits take 40% hit in Q1, despite a record quarter for broadband
Comcast Corp. saw a nearly 40% drop in net income during the first quarter driven by losses in its NBCUniversal division as the Covid-19 crisis shuttered its theme parks and kept movie theaters closed worldwide. The blow offset gains the Philadelphia-b.....»»
VW, Daimler urge Germany to boost car demand as profits plunge
VW and Daimler on Wednesday urged the German government to help boost demand for cars as the coronavirus pandemic hammered first-quarter profits and forced both carmakers to drop their outlooks for the year......»»
Deutsche Bank warns of 67% drop in profits compared to last year as the coronavirus decimates performance but it expects to post a first quarter profit
Sean Gallup/Getty Images Deutsche Bank said in a pre-release statement Sunday that it exp.....»»
Deutsche Bank warns of 67% drop in profits as the coronavirus decimates performance
Sean Gallup/Getty Images Deutsche Bank said in a pre-release statement Sunday that it expects its net income to drop to €66 million ($72 million) as the impact of coronavirus ta.....»»
Faraday 1Q20 profits hit 7-quarter low
Faraday Technology, a fabless ASIC service and silicon IP provider, saw its net profits drop to a seven-quarter low of NT$39 million (US$1.3 million) in the first quarter of 2020......»»
Bank of America profits drop by nearly half in first quarter as industry braces for coronavirus impact
Bank of America Corp. (NYSE: BAC) is the latest bank to take a first-quarter earnings hit as it prepares for the impact of the novel coronavirus. The Charlotte, North Carolina-based bank, the largest in South Florida by deposits, on Wednesday morning.....»»
Bank of America profits drop in first quarter as industry braces for COVID-19
Charlotte's Bank of America Corp. (NYSE: BAC) is the latest bank to take a first-quarter earnings hit as it prepares for the impact of the novel coronavirus. The bank on Wednesday morning reported net income of $4 billion, or 40 cents per diluted.....»»
Ford expects $600 million first-quarter loss due to coronavirus
Ford Motor Co said on Monday it expects to post a pre-tax loss of about $600 million for the first quarter as the coronavirus pandemic pummeled its operations, resulting in a 21% drop in vehicle sales to dealers versus the same quarter in 2019......»»
Ford stock falls on first-quarter revenue warning
Ford Motor shares dropped about 5% after the automaker warned that the coronavirus has significantly impacted its first-quarter performance, including a 15.7% drop in revenue. This is breaking news. Please check back for updates......»»
Ford expects coronavirus to cause $600 million quarterly loss
Ford Motor Co said on Monday it expects to post a pretax loss of about $600 million for the first quarter as the coronavirus outbreak pummeled its operations, resulting in a 21% drop in vehicle sales to dealers versus the same quarter in 2019......»»
Ford Records 1st-Quarter Sales Drop in US
While F-Series sales declined, Lincoln sales increasedRelated Stocks: F,.....»»
Coronavirus pandemic changing food-shopping behaviors, Land O"Lakes CEO says
Land O'Lakes CEO Beth Ford said the company is experiencing the biggest drop in commodity pricing since 1972......»»
Coronavirus causes historic drop in China"s industrial profits
Their earnings sank 38 percent from the prior year to 410.7 billion yuan ($58.15 billion), according to China’s National Bureau of Statistics. The data from January and February are combined to smooth the impact of the Chinese Lunar New Year......»»
Oil giant Saudi Aramco sees 2019 profits drop
Saudi Aramco, the state-run oil giant, said its net income dropped by $22.9 billion to $88.2 billion in 2019......»»