Renault"s 2020 vision clouded as "tough" year leads to first loss in a decade
Renault reported its first loss in a decade and cut its 2020 margin target on Friday, as it attempts to draw a line under the Carlos Ghosn affair and reboot its Nissan alliance......»»
Hiwin hits 12-year low profit in 1Q20
Mechanical motion control component maker Hiwin Technologies has reported net loss of NT$131 million (US$4.3 million) for first-quarter 2020, the worst quarterly profitability since 2008......»»
SoftBank Loss Might Get As High As $9.4B: Report
SoftBank Group Corp.’s (OTC: SFTBY) net loss for the year ended March 2020, is set to rise to $9.39 billion. read more.....»»
JCET Group Integration Turns Loss to Profit in 2019
SHANGHAI, April 30, 2020 /PRNewswire/ -- Global leading semiconductor microsystem integration packaging and test provider, JCET Group (SH: 600584) reported the financial results for full year 2019, ended D.....»»
SoftBank to write down WeWork by $6.6 billion, compounding portfolio misery
SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) for the year ended March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds woes at one of the firm's biggest bets......»»
SoftBank writes down WeWork by $6.6 billion, compounding portfolio misery
SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds woes at one of the firm's biggest bets......»»
SoftBank sees $8.4 billion net loss on WeWork writedown
SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, extending the group's expected net loss to 900 billion yen......»»
Southwest Nosedives on 1st Quarterly Loss in a Decade
Berkshire-owned airline warns of significant revenue decline in May on coronavirus-related pressureCheck out Warren Buffett Stock Picks » Download GuruFolio Report of Warren Buffett (Updated on 04/27/2020), Check out PRIMECAP Management.....»»
Iridium Announces First-Quarter 2020 Results; Company Updates 2020 Outlook
MCLEAN, Va., April 28, 2020 /PRNewswire/ --Â Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium") today reported financial results for the first quarter of 2020 and updated its full-year 2020 outlook. Net loss was $31.7 mi.....»»
Verizon pulls 2020 revenue view as lockdowns result in wireless subscriber loss
Verizon Communications Inc withdrew its full-year revenue outlook on Friday as it lost 68,000 phone subscribers who pay a monthly bill in the first quarter amid lockdowns that closed 70% of its stores......»»
"Thriving not just surviving": How the UK"s fast-fashion giant is powering ahead of competitors during the coronavirus pandemic
Boohoo British fast-fashion retailer Boohoo posted a 44% jump in revenue for the year ending February 2020, proving its resilience in a tough business environment. Sales for the.....»»
AT&T pulls 2020 financial forecast as coronavirus clouds business
AT&T Inc pulled its financial forecast for the year on Wednesday as the impact of the coronavirus pandemic clouded its view for the foreseeable future......»»
SoftBank"s Vision Fund expected to take $17B loss
TOKYO -- SoftBank Group Corp. is on track for its worst annual performance in its 39-year history as the tech conglomerate said it expected to lose nearly $17 billion in its Vision Fund for the fiscal year just ended......»»
SoftBank record loss estimate renews asset sale focus
SoftBank Group Corp's estimate it will post a record $13 billion full-year loss, dragged down by its spluttering $100 billion Vision Fund, has renewed attention on a planned asset sell-down aimed at raising cash and restoring confidence......»»
SoftBank Facing Record Losses As Startup Investments Fail To Deliver
SoftBank Group Corp. (OTC: SFTBY) is forecasting record losses for the financial year that ended March 2020, as its Vision Fund and other investments flounder. read more.....»»
SoftBank shares fall 3.5% after flagging first financial year loss in 15 years
SoftBank Group Corp shares fell 3.5% on Tuesday morning after estimating the Vision Fund will record a 1.8 trillion yen ($16.73 billion) loss in the year ended March due to the tumbling value of bets on unproven startups......»»
SoftBank shares untraded after estimating historic loss
SoftBank Group Corp shares were untraded with a glut of sell orders on Tuesday morning after estimating the Vision Fund will record a 1.8 trillion yen ($16.73 billion) loss in the year ended March due to faltering bets on unproven startups......»»
SoftBank Vision Fund expects $16.5B full-year loss
Softbank Group Corp said on Monday it expects its $100 billion Vision Fund to book a loss of $16.5 billion in the financial year ended March due to the deteriorating performance of its tech bets......»»
SoftBank sees $16.5 billion full year Vision Fund loss
Softbank Group Corp said on Monday it expects its $100 billion Vision Fund to book a loss of 1.8 trillion yen ($16.5 billion) in the financial year ended March due to the deteriorating performance of its tech bets......»»
Palo Alto projects big revenue loss this year, but commits to paying city workers
The city of Palo Alto’s revenue projections for 2020 aren’t looking good, but for now, it’s still committing to paying its workers. The city projects that it could see a loss of as much as $20 million in revenue this year as a result of the COVI.....»»
Market Extra: Market rout leaves public pension funds nursing a nearly $1 trillion loss for fiscal 2020: Moody’s
The global rout of financial markets this year is putting pressure on state and local government pension funds which are already struggling to fund themselves and pay for the future retirement benefits of public-sector workers......»»