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.
Shares of Beyond Meat Inc. (NASDAQ: BYND) were down 4% on Wednesday. The stock has dropped 22% over the past 12 months and 16% since the beginning of this year.
The gaming industry witnessed a spike in demand after the coronavirus-related movement restrictions forced people to stay indoors. As the consumption of online content grew steadily, spending on video games
Video game company Electronic Arts, Inc. (NASDAQ: EA) reported lower earnings and revenues for the fourth quarter of 2021. Earnings also missed analysts' forecast. During the March quarter, net bookings