American Express Company (NYSE:AXP) reported second quarter 2020 earnings results today.
Total revenues dropped 29% year-over-year to $7.6 billion, mainly due to a decline in Card Member spending and a lower average discount rate.
Net income fell 85% to $257 million and EPS declined 86% to $0.29.
Consolidated provisions for losses were $1.6 billion, up from $861 million a year ago, due to a reserve build of $628 million.
Shares of Beyond Meat Inc. (NASDAQ: BYND) were down 4% on Wednesday. The stock has dropped 22% over the past 12 months and 16% since the beginning of this year.
The gaming industry witnessed a spike in demand after the coronavirus-related movement restrictions forced people to stay indoors. As the consumption of online content grew steadily, spending on video games
Video game company Electronic Arts, Inc. (NASDAQ: EA) reported lower earnings and revenues for the fourth quarter of 2021. Earnings also missed analysts' forecast. During the March quarter, net bookings