Caterpillar Inc. (NYSE: CAT) announced its first quarter 2020 earnings results today.
Total sales and revenues dropped 21% year-over-year to $10.6 billion, due to lower sales volume driven by lower end-user demand and the impact from changes in dealer inventories. Profit per share was $1.98, compared with $3.25 in the year-ago quarter.
Caterpillar stated that its financial results for the remainder of 2020 will be impacted by continued global economic uncertainty due to the COVID-19 pandemic. The company withdrew its guidance on March 26 and will not provide an outlook for 2020 at this time.
https://www.youtube.com/watch?v=50yUaLybUnA&t=667s China-based internet search firm Baidu Inc. (NASDAQ: BIDU) reported financial results for the second quarter of 2020 on Thursday after the market's close. Earnings exceeded analysts’ expectations, but the
Applied Materials' (NASDAQ: AMAT) earnings and revenue for the third quarter exceeded the market's views. Adjusted EPS of $1.06 and revenue of $4.40 billion in Q3, grew 43% and 23%,
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