Anheuser-Busch InBev forecast a 10% decline in its first-quarter profit after a weaker-than-expected finish to 2019, as the world's largest beer maker expects the coronavirus outbreak to dent its earnings.
Hotel operator Marriott International said it expects a roughly $25 million hit to its monthly fee revenue from the fast-spreading coronavirus, as U.S. airline JetBlue Airways said it would drop cancellation fees, even though it doesn't serve markets hit hardest by the outbreak.
"This kind of confusion breeds distrust. You should stick to a standard even if you have caveats," global health economist at the Harvard Chan School of Public Health Dr. Eric Feigl-Ding said.
"We have estimated that in Q2 [the coronavirus] will have an 8 cents impact on EPS, and this is what we have built in our predictions," HP CEO Enrique Lores tells CNBC's Jim Cramer.
President Donald Trump is expected to speak about the deadly coronavirus outbreak Wednesday evening, a day after the Centers for Disease Control and Prevention warned Americans to prepare for the possibility of a pandemic.
L Brands reported earnings and sales for the holiday quarter that topped analysts' expectations, as it prepares to take its Victoria's Secret lingerie business private.
Papa John's shares closed down 9% Wednesday after the company said it has temporarily closed 50 franchised stores in China as a result of the coronavirus and reported a decline in same-store sales for the year.