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Peloton sees strong sales during coronavirus, subscriber growth despite mixed 3Q earnings report
Peloton sales have surged 66 percent in the fiscal third quarter as the coronavirus pandemic led to an increase in home workouts......»»
Thomson Reuters cuts FY20 revenue growth view to up 1%-2% from up 4.5%-5.5%
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
US could rebound from coronavirus with historic growth rate in 2021: Kudlow
President Trump's chief economic adviser Larry Kudlow has insisted that the U.S. could see a third-quarter economic growth rate as high as 20 percent......»»
US could have "one of the greatest economic growth rates" in history in 2021: Kudlow
President Trump's chief economic adviser Larry Kudlow has insisted that the U.S. could see a third-quarter economic growth rate as high as 20 percent......»»
Comcast first-quarter broadband growth tops views, coronavirus hurts advertising
Comcast gained 477,000 broadband subscribers in the first quarter, and revenue grew 9.3 percent......»»
ADP cuts FY20 adjusted EPS growth view to 4%-7%, consensus $5.83
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
T. Rowe Price cuts FY20 operating expense growth view to 1%-4% from 6%-9%
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
AAK"s Interim Report for the First Quarter 2020 - continued Profit Growth in a Volatile Market
KARLSHAMN, Sweden, April 24, 2020 /PRNewswire/ --Â AAK Group Total volumes for the quarter decreased by 1 percent (positive 4), amounting to 569,000 MT (572,000). Operating profit, exc.....»»
GoPro to cut 20% of workforce as Q1 sales tank
San Mateo-based action camera maker GoPro Inc. said Thursday morning that it was laying off more than 20 percent of its workforce, or about 200 employees, as it revealed that first-quarter sales had tanked. The company said the job cuts, reduced offic.....»»
RealReal cuts 25 percent of staff, warns of 1Q loss
The RealReal, the San Francisco luxury consignment brand, is laying off or furloughing about one quarter of its employees and anticipates a first quarter loss, the company disclosed Tuesday. The company permanently reduced employee headcount by a.....»»
Delta losing $50M in cash per day, projects 80 percent quarterly revenue decline
Delta is losing $50 million in cash each day due to fallout from the coronavirus pandemic, and it projects year-over-year revenue to fall by $10 billion for the June quarter — an 80% reduction. CEO Ed Bastian provided Atlanta-based Delta Air Line.....»»
Goldman cuts U.S. growth forecast for first and second quarter due to coronavirus
Goldman Sachs Group Inc has downgraded its U.S. growth forecast for the first and second quarters in the wake of the economic fallout from the coronavirus outbreak......»»
Conmed cuts Q1 revenue growth view to 2%-4% from 5%-6%, consensus $249.01M
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
China"s first-quarter economic hit from coronavirus looking more severe: Reuters poll
The coronavirus likely halved China's economic growth in the current quarter compared with the previous three months, more severe than thought just three weeks ago and triggering expectations for earlier interest rate cuts, a Reuters poll found......»»
China first-quarter economic hit from coronavirus looking more severe: Reuters poll
The coronavirus likely halved China's economic growth in the current quarter compared with the previous three months, more severe than thought just three weeks ago and triggering expectations for earlier interest rate cuts, a Reuters poll found......»»
The Home Depot Announces Fourth Quarter and Fiscal 2019 Results; Reiterates Fiscal 2020 Business Outlook; Increases Quarterly Dividend by 10 Percent
ATLANTA, Feb. 25, 2020 /PRNewswire/ -- The Home Depot®, the .....»»
The Home Depot Announces Fourth Quarter and Fiscal 2019 Results; Reiterates Fiscal 2020 Business Outlook; Increases Quarterly Dividend by 10 Percent
ATLANTA, Feb. 25, 2020 /CNW/ -- The Home Depot®, the .....»»
Coronavirus to be bigger drag on US economy than previously thought: Goldman Sachs
Goldman’s economic research team now sees the U.S. economic growth slowing to a 1.2 percent annualized rate in the first quarter......»»
German economy stagnated in fourth quarter
There was zero growth in the fourth quarter and a mediocre 0.6 percent increase for the whole year.....»»
IEA cuts world oil demand growth view to lowest since 2011
The International Energy Agency on Thursday lowered its view on world oil demand growth to the lowest level since 2011 due to the coronavirus outbreak that has paralyzed China. The IEA cut growth .....»»