Homebound customers of Uber Technologies more than doubled their orders from the company's food-delivery service in the second quarter but demand for ride-hailing trips only marginally recovered from pandemic rock-bottom.
Sony on Tuesday reported a 1.1 percent decline in first-quarter operating profit, much milder than market estimates as its gaming business thrived while consumers locked down at home looked for entertainment and downloaded more games. The electronics and entertainment firm posted April-June profit of JPY 228.4 billion ($2.15 billion), versus JPY 230.9 billion a year prior.
PlayStation digital sales grew nearly 83 percent year-on-year in this past lockdown-hit quarter, bringing in over JPY 394 billion. More than 112 million PS4 consoles have been sold worldwide and PlayStation Plus is now up to nearly 45 million members.
Nintendo had a terrific lockdown-hit quarter thanks to Animal Crossing: New Horizons, with operating profit jumping 428 percent year-on-year to nearly JPY 145 billion. The new Animal Crossing title is now up to 22.4 million units, second only to Mario Kart 8 Deluxe (26.74 million).
German health group Siemens Healthineers said on Sunday it would acquire Varian Medical Systems Inc in a deal that values the U.S. maker of devices and software for cancer treatments at $16.4 billion.
Spotify has reached 138 million paid subscribers, saying that demand for music streaming has rebounded from its coronavirus-related weakness at the beginning of this quarter.
Samsung Electronics reported Thursday its net profit grew 7.3 percent year-on-year in the second quarter, with strong demand for memory chips overcoming the impact of the coronavirus pandemic on smartphone sales.
PayPal said that a surge in e-commerce transactions and new accounts that drove quarterly profits 86 percent higher is continuing and it would support additional investments in mobile-payment tools.
Amazon posted the biggest profit in its 26-year history as online sales and its lucrative business supporting third-party merchants surged during the coronavirus pandemic.
Google's ad sales have recovered since plummeting in March during the coronavirus pandemic, parent Alphabet said on Thursday, easing concerns about its first quarterly sales slide in its 16 years as a public company.
Facebook reported that its quarterly profit had nearly doubled, and users grew despite a boycott by advertisers and the pandemic-induced economic turmoil. He said that the number of people using Facebook’s overall family of apps each month topped three billion.
Apple delivered blowout quarterly results, reporting revenue gains across every category and in every geography. Apple CFO Luca Maestri confirmed a delay in this year’s iPhone launch. However, executives predicted continued strong performance from the company's products.
Nokia reported an unexpected rise in its Q2 underlying profit despite the COVID-19 crisis, while its new CEO Pekka Lundmark takes over this weekend.
Electronic Arts on Thursday raised its full-year forecast for adjusted revenue after beating quarterly estimates, encouraged by strong player engagement and increased videogame sales to stuck-at-home gamers.
Against the backdrop of several pharma companies reporting second-quarter sales declines thanks to COVID-19, AstraZeneca represents a rare exception, thanks to a strong performance by its oncology medicines. But China growth, normally strong, slowed down as Pulmicort tumbled.
IBM beat estimates for second-quarter profit on Monday and signalled that demand in its cloud computing business would get a boost as large corporations accelerate their digital shift due to the coronavirus crisis.
Snap said on Tuesday a bump in user growth at the start of coronavirus-led lockdowns petered out sooner than expected, and it forecast fewer current-quarter users than the Wall Street consensus.
Tesla reported a surprise second-quarter profit Wednesday as it confirmed ambitious targets for 2020 car deliveries despite the coronavirus pandemic and announced plans for a new auto factory in Texas.
Ubisoft said it was bringing in "profound changes" following allegations of inappropriate behaviour at the group, as it reported higher-than-forecast net bookings for its fiscal first quarter.
Twitter reported its highest-ever yearly growth of daily users who can view ads, beating analysts' estimates on usage.
LG Display said on Thursday it expects profitability to improve in the second half of this year, despite a larger operating loss as people shied away from buying TV sets during the coronavirus pandemic.
What’s likely to be the worst earnings reporting season since the depths of the 2008 financial crisis is already living up to those expectations, but a...
Samsung Electronics flagged a 23 percent rise in second-quarter operating profit on Tuesday, beating analysts' estimates on solid chip sales to data centres catering for a work-from-home economy during the coronavirus pandemic.
Vodafone Idea, the country's third largest telecom operator, on Wednesday reported a staggering Rs. 73,878 crores of net loss in fiscal ended March 2020 - the highest ever by any Indian firm - after it provisioned for Supreme Court mandated statutory dues.
Both revenue and quarterly profit were lower than expected, and the maker of athletic apparel chose not to disclose comparable-store sales.
The Dow Jones futures plunge due to the fear of second wave of coronavirus in the US as the economy begins. The Fed confirmed that they are going to keep the interest rate lower for extended period and this triggered rally for gold
Net profit tumbled 64 percent in January-March to $43 million (roughly Rs. 325 crores) but was ahead of a Refinitiv consensus estimate of $7.5 million (roughly Rs. 56.7 crores). Revenue slid 9.7 percent to $10.6 billion (roughly Rs. 80,237 crores).
The group's total work hours had dropped by over 20 percent due to the outbreak, which also caused it estimated TWD 10 billion (roughly Rs. 2,530 crores) in additional costs, according to chief financial officer David Huang.
SoftBank Group racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing venture WeWork.
The market was down 2.5%, after wrapping up its best month in decades.
Last month, Twitter dialed back its financial guidance as a result of the COVID-19 outbreak, which has dealt a blow to the global economy and advertising, which makes up the bulk of its revenues.
Apple on Thursday reported profit slipped as it boosted revenue from services and wearables in a pandemic-cobbled start to the year for the iPhone maker.
Amazon.com on Thursday said it could post its first quarterly loss in five years even as revenue surges because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workforce for COVID-19.
Amazon has seen the biggest impact of the COVID-19 spread on its business internationally in India, Chief Financial Officer (CFO) Brian Olsavsky has said during its first quarter earnings call.
The Teams app, in particular, has benefited from stay-home orders in many countries, hitting 44 million users last month.
A drop in Google ad sales steadied in April and some consumers returned to using the search engine for shopping in addition to finding novel coronavirus information, parent Alphabet said on Tuesday.
Samsung Electronics said on Wednesday it expected profit to decline in the current quarter due to a coronavirus-related slump in sales of smartphones and TVs, although the chip business would remain solid.
"We are fortunate that as a business we are able to operate with very little disruption and our hope is that providing music, information, and an escape for many can provide some joy and comfort," the company said in a statement.
Facebook beat analysts' estimates for quarterly revenue on Wednesday and said it has seen "signs of stability" for sales in April after a plunge in March, in yet another signal that tech giants may weather the coronavirus-induced economic collapse better than other sectors.
Microsoft on Wednesday beat Wall Street sales and profit expectations, powered by sharp demand for its Teams chat and online meeting app and Xbox gaming services as the world shifted to working and playing from home because of the novel coronavirus pandemic.
Tesla reported a surprise first quarter profit Wednesday on higher car production and deliveries as its chief called for an end to "fascist" coronavirus restrictions on people's movements due to the coronavirus pandemic.
Samsung notes that its mobile communications business aims to strengthen its product line-up by introducing ‘new premium models and expanding offerings of 5G models for the mass market’.
The Finnish company, battling with China's Huawei and Sweden's Ericsson, is trying to strengthen its 5G slate and looking especially to deployment by U.S. telecom companies for growth.
Dutch health technology company Philips on Monday dropped its outlook for the rest of the year, as the global coronavirus outbreak took a large bite out of its first-quarter earnings while the second quarter was set to be even worse.
Jim Cramer says Americans are flattening the Covid-19 curve, while the Fed and Treasury are getting ahead of the economic curve.