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Home Depot, the largest home improvement store chain in the United States, reported that its comparable sales increased 2.5% in the first fiscal quarter to May 5 from the same period a year earlier. The indicator disappointed economists who had expected it to grow by 4.3% over the year. At the same time, in the United States, a comparable sales growth of 3% was recorded, which also turned out to be worse than the 4.3% rise predicted by analysts. Quarterly indicators were lower than expected due to adverse weather conditions in February, as well as a sharp fall in prices for lumber. At the same time, net profit growth by 4.5% to 2.51 billion dollars turned out to be better than economists' forecasts. Calculated per share, earnings amounted to 2 dollars 27 cents, while the forecast had been 2 dollars 18 cents per share. Revenues amounted to 26.38 billion dollars, an increase of 5.7% over the year.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
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, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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