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Coronavirus set to impact Chinese airlines" first quarter profit: Aercap CEO

The chief executive of one of the world's largest aircraft lessors, Aercap , expects the new coronavirus that has emerged from Wuhan, China to impact Chinese airlines' profitability in the first quarter......»»

Category: topSource: reutersJan 22nd, 2020

Toyota expects profit to drop 80% this year as virus saps car sales

Toyota Motor Corp on Tuesday said it expects profit to drop 80% to its lowest in nine years, as Japan's biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles......»»

Category: topSource: reutersMay 12th, 2020

Saudi Aramco first-quarter net profit falls 25% as oil prices slump

Saudi Arabian state oil giant Aramco on Tuesday reported a 25% fall in first-quarter net profit, below analyst estimates, hurt by lower crude oil prices as the coronavirus slashed demand......»»

Category: topSource: reutersMay 12th, 2020

Toyota expects annual operating profit to drop 80% as virus saps car sales

Toyota Motor Corp said on Tuesday it expects to post its lowest annual operating profit in nine years as the automaker grapples with the impact of the novel coronavirus, which has sapped global demand for cars......»»

Category: topSource: reutersMay 12th, 2020

Thyssenkrupp second-quarter loss widens as coronavirus impact starts to show

Thyssenkrupp on Tuesday said its second-quarter net loss more than quintupled as the coronavirus pandemic hit all business lines at the struggling steel-to-submarines conglomerate......»»

Category: topSource: reutersMay 12th, 2020

Marriott profit misses as bookings, revenue per room plunge

U.S. hotel operator Marriott missed already lowered estimates for first-quarter profit by a huge margin on Monday, as bookings plunged due to coronavirus-led lockdowns that kept a quarter of its hotels closed......»»

Category: topSource: reutersMay 11th, 2020

Toshiba sees FY2019 profit roughly in line with forecast, limited virus impact

Toshiba Corp said on Monday it expects operating profit for the year ended March to more than triple, as the Japanese industrial conglomerate sees a limited impact from the coronavirus outbreak on its earnings for the financial year......»»

Category: topSource: reutersMay 11th, 2020

Global luxury gloom to deepen despite easing lockdowns: Bain

Global sales of luxury goods are expected to slump by 50% to 60% in the second quarter even as some countries begin to ease coronavirus lockdowns and despite signs of recovery in the Chinese market, consultancy Bain said on Thursday......»»

Category: topSource: reutersMay 7th, 2020

Air France-KLM loss gives first taste of coronavirus impact

Two weeks of coronavirus shutdown were enough to hit Air France-KLM with an 815 million-euro ($880 million) first-quarter operating loss, the airline group said on Thursday - predicting demand could take "several years" to recover......»»

Category: topSource: reutersMay 7th, 2020

Ballad Health Announces Third-Quarter Results

JOHNSON CITY, Tenn., May 06, 2020 (GLOBE NEWSWIRE) -- Ballad Health today announced third-quarter results from its 2020 fiscal year. Excluding the impact of coronavirus disease 2019 (C.....»»

Category: earningsSource: benzingaMay 6th, 2020

GM sets May 18 North American restart, profit falls 88%

General Motors on Wednesday outlined plans for a May 18 restart of most of its North American plants shut down by the coronavirus pandemic as it reported a huge plunge in first-quarter profit. This report produced by Yahaira Jacquez......»»

Category: videoSource: reutersMay 6th, 2020

Papa John"s swings to first-quarter profit; revenue misses expectations

Papa John's reported a first-quarter profit, but revenue missed analysts' expectations despite sales growth amid coronavirus pandemic......»»

Category: topSource: foxnewsMay 6th, 2020

Wendy"s profit down 50% in coronavirus pandemic

The restaurant chain reported flat quarterly U.S. same-store sales for the first quarter ended March 31, as strong demand for its latest breakfast menu offset limited earnings from delivery and take aways......»»

Category: topSource: foxnewsMay 6th, 2020

General Motors ekes out profit as coronavirus slams business

General Motors posted a first-quarter profit of $294 million even as the COVID-19 pandemic brought business to a standstill......»»

Category: topSource: foxnewsMay 6th, 2020

GM tops estimates despite coronavirus, sets North American restart

General Motors Co on Wednesday reported a huge plunge in first-quarter profit that raced past expectations, and the automaker outlined plans for a May 18 restart of most of its North American plants shut down by the coronavirus pandemic......»»

Category: topSource: reutersMay 6th, 2020

KKR"s first-quarter profit rises 11% on stronger asset sales

Private equity firm KKR & Co Inc reported an 11% jump in after-tax distributable earnings in the first quarter on Wednesday, driven by growth in asset sales and management fees ahead of the coronavirus-linked market turmoil......»»

Category: topSource: reutersMay 6th, 2020

Coronavirus hits GM first-quarter profit hard

General Motors Co on Wednesday reported a huge plunge in first-quarter quarter profit as it burned through cash with its the North American vehicle production shut down due to the coronavirus pandemic......»»

Category: topSource: reutersMay 6th, 2020

Disney"s profit plunged 91% last quarter as coronavirus rages

The bright spot was Disney Plus, which has roughly doubled its subscribers to 54.5 million this year......»»

Category: topSource: moneycentralMay 6th, 2020

Disney"s profit plunged 91% last quarter as the coronavirus shut down most of its business

Lucasfilm Disney.....»»

Category: topSource: businessinsiderMay 6th, 2020

CVS Health profit spikes as coronavirus drives sales surge

CVS Health's first-quarter profit spiked 41 percent year-over-year to $2.01 billion......»»

Category: topSource: foxnewsMay 6th, 2020

Chinese handset ODMs enjoy ramp-up in lucrative orders

Chinese handset ODM Wingtech Technology and components maker Luxshare Precision Industry have posted significant on-year revenue and profit increases for the first quarter of 2020, despite sluggish domestic demand in China......»»

Category: topSource: digitimesMay 6th, 2020