United Parcel Service on Thursday reported a 13.4% rise in quarterly revenue, as the Covid-19 pandemic led to a surge in residential volumes and healthcare shipments.
Qualcomm stands to heavily benefit from 5G networks being built. It sells modem chips to phone makers, and licenses critical patents to anyone using 5G technology.
Spotify Technology missed quarterly revenue expectations on Wednesday and forecast a soft current quarter, due mainly to a decline in ads as the Covid-19 pandemic kept advertisers at bay.
Two competing narratives are battling it out this earnings season. One says the recovery is in trouble, another says the second quarter was the bottom.
Pfizer reported better-than-expected second-quarter earnings and raised its outlook for 2020, despite a 32% drop in profit as demand fell for some of its drugs during the coronavirus pandemic.
Industrial conglomerate 3M reported a 12% drop in quarterly revenue on Tuesday as demand for its products took a hit due to the global economic slowdown caused by the coronavirus crisis.
Diagnostics testing company Laboratory Corporation of America reported a 21.6% rise in quarterly profit on Tuesday, boosted by a $55.9 million government stimulus income related to the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Harley-Davidson on Tuesday reported an unexpected quarterly loss due to disruptions caused by the coronavirus pandemic, sending its shares sliding 4% in pre-market trade.