Marriott International Inc. (NASDAQ: MAR) reported a net loss for the second quarter of 2020, compared to profit last year. The June-quarter performance was negatively impacted by the COVID-related shutdown. The results also missed the Street view.
The hotel chain added around 11,400 rooms globally during the three-month period, including 2,000 rooms converted from competitor brands. Net rooms grew 4.1% annually.
The adjusted loss was $0.64 per share, compared to earnings of $1.56 per share in the second quarter of 2019. Analysts were looking for a narrower loss.
Total revenues more than halved to $1.46 billion in the second quarter, negatively impacting the bottom-line performance. Revenues missed Wall Street’s prediction.
Netflix (NASDAQ: NFLX) has for long been the undisputed king of the streaming space. The streaming industry is seeing massive growth with several new players entering the field. It also
The demand for services that involve minimal human interaction is on the rise as people continue to practice social distancing. Fastenal Co. (NASDAQ: FAST), a market-leading supplier of vending machines,
HEXO Corp. (NYSE: HEXO) reported its third-quarter 2021 earnings results today. Net revenue rose 2% year-over-year to CAD22.6 million. Net loss narrowed to CAD20.7 million from a loss of CAD19.5