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Delta Apparel posts 40% drop in Q3 sales

2020-08-04 18:35:00| Daily apparel & textile news and comment - from just-style.com

Activewear and lifestyle apparel maker Delta Apparel has reported a near-40% drop in net sales for the three months to the end of June but CEO Robert Humphreys says the business is likely to return to profitability in the fourth quarter.

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Continental Resources Posts Second Straight Quarterly Loss

2020-08-03 23:20:00| OGI

U.S. shale producer Continental Resources Inc. on Aug. 3 posted a bigger-than-expected second-quarter loss as the coronavirus crisis and related lockdowns pummeled demand.

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Diamondback Energy Posts Second-quarter Loss on $2.54 Billion Charge

2020-08-03 23:00:00| OGI

Diamondback Energy also decreased its cash operating costs dramatically in the second quarter, according to CEO Travis Stice, some of which he expects to become permanent.

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Brazils Petrobras Posts $500 Million Loss Despite Record Exports to China

2020-07-31 15:45:49| OGI

Falling oil prices hurt company as it pursues a volume-over-price strategy.

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Phillips 66 Posts Quarterly Loss as Pandemic Slams Fuel Demand

2020-07-31 15:07:49| OGI

U.S. refiner Phillips 66 on July 31 reported a quarterly loss compared to a year-ago profit, as coronavirus-led restrictions on businesses and travel destroyed fuel demand and hurt margins.

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