Categories AlphaGraphs, Earnings, Industrials
JetBlue Airways (JBLU) swings to loss and revenue plummet 90% in Q2 2020
JetBlue Airways (NASDAQ: JBLU) reported a loss for its second quarter of 2020, both on a GAAP and non-GAAP basis. Revenue plunged 90% annually to $215 million. Both revenue and the non-GAAP loss of $2.02 per share, failed to meet the market’s view.
JBLU stock was trading up about 1% immediately after the earnings announcement.
“As we move into recovery, we have laid out a three-step framework to set JetBlue up for success and emerge stronger. The first is to reduce our cash burn. The second step is to rebuild our margins. The third and last step is to repair our balance sheet,” said CEO Robin Hayes.
Most Popular
DIS Earnings: All you need to know about Walt Disney’s Q4 2024 earnings results
The Walt Disney Company (NYSE: DIS) reported its fourth quarter 2024 earnings results today. Revenues increased 6% year-over-year to $22.6 billion. Net income attributable to The Walt Disney Company was
CSCO Earnings: Cisco Systems Q1 profit drops, but beats estimates
Network gear maker Cisco Systems Inc. (NASDAQ: CSCO) reported a year-over-year decrease in revenue and earnings for the first quarter of 2025. Earnings topped expectations. The San Jose-headquartered tech firm
A few points of note on Home Depot’s (NYSE: HD) 3Q24 performance
Shares of Home Depot (NYSE: HD) were up over 1% on Wednesday. The stock has gained 15% over the past three months. The company delivered better-than-expected earnings results for the
