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.
Target Corporation (NYSE: TGT) reported fourth-quarter 2020 financial results before the opening bell today. The department store chain reported Q4 revenue of $28.3 billion, up 21% year-over-year and higher than
Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per
Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus