United Continental Holdings Inc (NASDAQ: UAL) reported a net loss for the second quarter of 2020 as COVID-related disruptions continued to impact operations. The bottom-line missed Wall Street’s projection, while revenues topped.
On an adjusted basis, the company reported a loss of $9.31 per share for the June-quarter, compared to earnings of $4.21 per share last year. The bottom line missed the consensus forecast. The net loss was $1.63 billion or $5.79 per share, while in the year-ago quarter the company recorded earnings of $1.05 billion or $4.02 per share.
The deterioration in the bottom-line performance reflects an 87% fall in revenues to $1.48 billion. Analysts were looking for a bigger decline.
https://www.youtube.com/watch?v=50yUaLybUnA&t=667s China-based internet search firm Baidu Inc. (NASDAQ: BIDU) reported financial results for the second quarter of 2020 on Thursday after the market's close. Earnings exceeded analysts’ expectations, but the
Applied Materials' (NASDAQ: AMAT) earnings and revenue for the third quarter exceeded the market's views. Adjusted EPS of $1.06 and revenue of $4.40 billion in Q3, grew 43% and 23%,
A lot of stocks in the biotech space have skyrocketed this year after their announcements and advances in finding a vaccine or in the treatment of COVID-19. While these companies