Restaurant Brands said on Friday comparable sales at its Popeyes fast-food chain surged 26.2%, surpassing Wall Street expectations, powered by demand for its popular chicken sandwiches.
Amgen reported better-than-expected first-quarter results and said it plans to study psoriasis drug Otezla as a potential treatment for Covid-19, the respiratory disease caused by the new coronavirus.
Visa on Thursday decided to pull its full-year outlook on rising unemployment numbers and more people conserving cash during the Covid-19 pandemic even while posting a second-quarter profit that rose 4%.
Apple did not issue guidance for the quarter ending in June, as it usually does. The company withdrew guidance for its second-quarter in February as the Covid-19 coronavirus spread in China.
Some Amazon cloud customers, like Slack and Zoom, saw record usage in the first quarter as governments directed people to stay home, with coronavirus cases proliferating.
Tapestry Chief Executive Jide Zeitlin said the crisis materially weakened the retailer's results during the period. "No one is immune to the effects of this one hundred year storm," he said.
Global grains trader Archer Daniels Midland reported a drop in first-quarter revenue but topped Wall Street profit estimates, helped by growth in its nutritional businesses and as its agricultural services group got a boost from robust Brazilian farmer selling.
Nokia Oyj on Thursday reported a 2% fall in first-quarter revenue as it took a hit of about $217 million to its topline largely because the Covid-19 pandemic disrupted supply from operations in China.
The Covid-19 outbreak in China forced Tesla to stop manufacturing electric vehicles in Shanghai for more than a week in February and in the U.S. at the end of March.