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Exxon Mobil Posts Loss, $3 Billion Writedown on Oil Price Plunge
2020-05-01 15:15:28| OGI
Exxon Mobil Corp. on May 1 joined a parade of oil companies posting downbeat results on plunging oil demand and collapsing prices, reporting a $610 million first-quarter loss after a nearly $3 billion inventory writedown.
Mexicos Pemex Posts Massive $23.6 Billion 1Q Loss
2020-04-30 19:27:03| OGI
The quarterly loss far exceeded the 35.7 billion peso loss during the January to March period last year and comes as the coronavirus pandemic has cratered demand for crude oil globally.
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Gildan swings to Q1 loss amid "unprecedented" Covid-19 impact
2020-04-30 18:39:00| Daily apparel & textile news and comment - from just-style.com
Canadian apparel maker Gildan Activewear has moved to a loss in its third-quarter after taking a significant hit in demand for its core products in March due to the coronavirus pandemic.
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Tapestry moves to Q3 loss and cuts outlook
2020-04-30 14:40:00| Daily apparel & textile news and comment - from just-style.com
Tapestry Inc has moved to a loss in its third-quarter and recorded a sales decline of nearly 20% as coronavirus forced the company to close or reduce hours at 90% of its stores.
Twitter user growth hits record highs but bottom line turns to loss in Q1
2020-04-30 14:12:00| Telecompaper Headlines
(Telecompaper) Twitter lifted daily user numbers by almost a quarter in Q1 but reported results under expectations, impacted by the coronavirus pandemic. Revenues for the quarter rose 3 percent year-on-year to USD 808 million, reflecting a strong start to the quarter and later heavy hit by the covid-19 virus. Twitter said reduced expenses partially offset the revenue shortfall, resulting in an operating loss of USD 7 million, against a profit of 94 million the year before. The net loss went to USD 8 million, with a diluted loss per share of USD 0.07, from a profit of 191 million and 0.25 per share.
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