Marlboro maker Altria said it expected full-year earnings to rise as much as 4% from last year and announced plans to expand the availability of its iQOS heated-tobacco devices in more markets in the U.S.
The coronavirus pandemic brought the U.S. automotive industry to a standstill. Investors will see just how bad the damage is when all three Detroit carmakers report earnings this week.
Store closures, product shortages and lower retail inventory hampered Hasbro in the second quarter, as the company posted weaker-than-expected earnings on Monday.
Southwest Airlines lost $915 million in the second quarter and warned that travel demand will be "depressed" until there's a coronavirus vaccine or treatment.
AT&T said on Thursday it lost monthly phone subscribers and suffered a $2 billion revenue decline from delayed movie releases and advertising shortfalls in the second quarter as the Covid-19 pandemic ravaged its business.
Dow Inc. swung to a second-quarter loss as demand plunged for its chemicals from consumer durables and construction material makers and said it would reduce its workforce by 6% to weather the coronavirus crisis.
During the period ending June 30, 2020, Tesla grappled with the effects of the Covid-19 pandemic and widespread civil rights protests on its employees, customers and U.S. factory operations, especially.
Snap's stock price initially plunged more than 11% then moderated to a smaller decline as investors digested positive user and revenue growth on Tuesday after the company reported its second-quarter earnings.
Snap warned that the uncertainty around events like the back-to-school season and the operations of sports leagues in the third quarter could impact advertising demand.