Southwest Airlines Co. (NYSE: LUV) on Tuesday reported first-quarter 2020 earnings results. While the revenues missed Wall street projection, earnings were better than what analysts had anticipated. The airline company added that it expects operating expenses to decline 90-95% in May 2020, beyond which, estimation was not possible.
LUV shares fell 2.2% immediately following the announcement. The stock has tumbled 47% since the beginning of this year.
Last week, Delta Air Lines (NYSE: DAL) reported revenue of $8.6 billion, down 18% year-over-year, hurt by COVID-19.
Shares of KB Home (NYSE: KBH) were up slightly on Friday. The stock has dropped 40% year-to-date and 35% over the past 12 months. The company delivered mixed results for
Warehouse behemoth Costco Wholesale Corporation (NASDAQ: COST) has reported a 15% increase in fourth-quarter 2022 revenues, which translated into double-digit growth in net income. Fourth-quarter revenues increased sharply to $72.09 billion.
Cargo giant FedEx Corporation (NYSE: FDX) Thursday reported a decline in first-quarter adjusted earnings, despite an increase in revenues. The company also provided guidance for fiscal 2023. Net income, adjusted