AT&T said on Thursday it lost monthly phone subscribers and suffered a $2 billion revenue decline from delayed movie releases and advertising shortfalls in the second quarter as the Covid-19 pandemic ravaged its business.
Dow Inc. swung to a second-quarter loss as demand plunged for its chemicals from consumer durables and construction material makers and said it would reduce its workforce by 6% to weather the coronavirus crisis.
During the period ending June 30, 2020, Tesla grappled with the effects of the Covid-19 pandemic and widespread civil rights protests on its employees, customers and U.S. factory operations, especially.
Snap's stock price initially plunged more than 11% then moderated to a smaller decline as investors digested positive user and revenue growth on Tuesday after the company reported its second-quarter earnings.
Snap warned that the uncertainty around events like the back-to-school season and the operations of sports leagues in the third quarter could impact advertising demand.
Logitech raised its outlook for the 2021 fiscal year and reported a more than 75% increase in non-GAAP operating income in its first quarter, boosted by demand for its webcams, video conferencing products and headsets as homeworking increased during the coronavirus lockdowns.
BlackRock, the world's largest asset manager, reported a 21% jump in quarterly profit on Friday, as investors poured money into its fixed-income funds and cash management services.
Bank of America's trading division, similar to what rivals JPMorgan Chase and Citigroup have disclosed, helped offset the drag caused by the coronavirus pandemic.