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Lowe’s, which owns the second largest chain of household goods stores in the United States, reported the results of the first fiscal quarter ended May 3. For the year, the net profit of the American company grew by 5.9% to 1.046 billion dollars. Earnings per share amounted to 1 dollar 31 cents, an increase from the figure of 1 dollar 19 cents per share in the previous year. At the same time, the adjusted earnings were 1 dollar 22 cents per share, being lower than economists' forecast of 1 dollar 33 cents per share. Revenues amounted to 17.7 billion dollars, an increase of 2.2% over the year. During the earnings period, the company recorded a growth in comparable sales of 3.5%. Since the beginning of the year, Lowe’s capitalization has grown by 20.3% to $88.43 billion.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
On Sunday, American Airlines Group Inc. (AAL) said that it is planning to raise as much as $3.5 billion from stock and notes offerings, as the ailing U.S. carrier grapples with the financial fallout of the travel restrictions caused by the ...
American Airlines Group Inc. stated on Wednesday that it plans to cut 30% of its management and support staff or almost 5,000 jobs because of the coronavirus outbreak. American and other airlines are scrambling to cut costs because of the ...
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