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.
Fast-food chain McDonald’s Corporation (NYSE: MCD) on Tuesday reported an increase in adjusted earnings for the fourth quarter of 2022 when its revenues remained broadly unchanged. The company said fourth-quarter
General Motors Co. (NYSE: GM) reported fourth quarter 2022 earnings results today. Revenue increased 28.4% year-over-year to $43.1 billion. Net income attributable to stockholders increased 14.8% to $2 billion while EPS rose 19.8%
Construction-equipment manufacturer Caterpillar Inc. (NYSE: CAT) reported double-digit growth in fourth-quarter revenues and adjusted earnings. Adjusted net profit increased to $3.86 per share in the December quarter from $2.69 per