United Airlines Holdings, Inc. (NASDAQ: UAL) slipped to a loss in the third quarter of 2020 from a profit last year as the COVID-related disruption continued to impact operations. The results also missed Wall Street’s projection and the aviation firm’s stock declined on Wednesday evening, following the report.
On an adjusted basis, the company reported a loss of $8.16 per share for the September-quarter, compared to earnings of $4.07 per share last year. The bottom line also missed the consensus forecast. The net loss was $1.84 billion or $6.33 per share, which marked a deterioration from the year-ago quarter when the company recorded earnings of $1.02 billion or $3.99 per share.
The weak bottom-line performance reflects a 78% fall in operating revenues to $2.49 billion. Analysts were looking for a slower decline.
The company’s stock closed Wednesday’s regular session slightly higher but lost sharply during the after-hours soon after the earnings announcement.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard