CNBC Earnings

Wells Fargo posted its first quarterly loss since the financial crisis on rising provisions for defaults tied to the coronavirus pandemic.

Citigroup reported second-quarter results that surpassed analyst expectations thanks in part to a massive surge in trading revenue.

National Securities' Art Hogan is optimistic bank earnings will come in better than expected and help lift stocks.

PepsiCo reported that quarterly revenue fell after fewer consumers bought its drinks at restaurants and convenience stores during the coronavirus pandemic.

Quest Diagnostics reported preliminary second-quarter revenue above analysts' estimates on Monday, largely on growing demand for its Covid-19 testing services, sending its shares up 2.7% before the bell.

Analysts estimates are all over the place because about 40% of companies are not providing guidance on earnings.

The worst earnings season in years is about to begin, and stocks could shrug off sharp profit declines, if companies see signs of recovery.

Walgreens Boots Alliance said its profits were squeezed by a shift in sales to low-margin items, increased supply-chain costs and higher expenses for labor and store cleaning.

A complete recovery "will likely take some time," Levi & Strauss Co. CEO Chip Bergh said.

The road to recovery at Macy's is likely going to be a rocky one because of the coronavirus pandemic. The retailer warned Wednesday that sales are falling again in states such as Texas where Covid-19 cases are on the rise.

Michael Kors owner Capri Holdings on Wednesday estimated a 70% slump in first-quarter sales after the coronavirus hammered luxury sales.

Macy's on Wednesday reported a first-quarter loss, in line with the retailer's previously announced estimates, as its business took a hit from the coronavirus pandemic.

Shares of FedEx jumped 9.4% in extended trading on Tuesday after a surge in pandemic-fueled home deliveries helped the U.S. package carrier post better-than-expected quarterly profit and revenue.

Investors should stay bearish on U.S. stocks until the full extent of the economic damage caused by the coronavirus pandemic is known, according to TS Lombard.

Micron Technology on Monday forecast current-quarter revenue above Wall Street estimates as home-bound employees and students spur demand for its chips that power notebooks and data centers, sending its shares up 6% in after-market trading.

Burger King's U.S. same-store sales are trending flat as customers return to its locations for Whoppers and french fries.

The second quarter is nearly over, and analysts still are clueless about what earnings companies will be reporting.

Even Nike, often lauded as one of the strongest global brands in the retail industry, is taking a hit from the coronavirus pandemic.

Darden Restaurants reported that same-store sales were nearly cut in half during the fiscal fourth quarter.

Sales declines returned as Oracle kept doing business through the pandemic.