Three months ago, Stephen Squeri, president and CEO of American Express, declared a worldwide “economic free fall” due to the coronavirus. Its second-quarter earnings show just how far the decline has been. The card brand reported Friday that its second-quarter net income was $ 257 million, a drop of 85% …
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Twitter, a company well acquainted with choppy waters, is having an especially difficult time. First, there was last week’s brutal hack of high-profile accounts. Then there was a disappointing earnings report today, along with the company’s admission that it needs new sources of revenue, including subscriptions. The panorama: Twitter has …
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American Express Co .. (AXP) – Get report It posted a windfall gain in the second quarter on Friday, but revenue fell by almost a third as consumer spending collapsed during the peak of the coronavirus pandemic. American Express said earnings for the three months ending June were set at …
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Satya Nadella, CEO of Microsoft Corp., gestures as she speaks during a Bloomberg event on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, Tuesday, January 21, 2020. Simon Dawson | Bloomberg | fake pictures Tech investors are getting a dose of reality after a historic run. …
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Honeywell Inc. (HONO) – Get report It posted stronger-than-expected earnings in the second quarter on Friday, but noted a significant drop in aerospace sales related to Boeing’s 737 MAX delays and weak demand for commercial aircraft. Honeywell said adjusted earnings for the three months ending June were set at $ …
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