Coronavirus crisis rocks airlines and planemakers
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- US stocks gain as surprise payrolls fall quells rate-hike fears
- US nonfarm payrolls unexpectedly decline in July; unemployment rate eases to 4.1%
- Oil gains on US jobs report, worries over peace talks
- Atlassian results seen as 'game changer' for AI kills software worries
- The Trade Desk hit by Wall St downgrades after disappointing Q2 results, outlook
- Trump held multiple undisclosed calls with Fed Chair Warsh, reports say
- Stocks close lower as investors eye Mideast talks, earnings
- Apollo to acquire easyJet for £5.7B in cash deal
- Citi says buy the pullback in memory stocks as upcycle is still in early innings
- The Trade Desk Inc. (TTD) Tops Q2 EPS by 16c, Misses on Revenue; Offers Weak Q3 Revenue Guidance
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AAR Corp. (AIR) Tops Q3 EPS by 3c, Revenues Beat; Withdraws FY20 Guidance, Citing 'Macro Uncertainty from Impact of COVID-19'
March 24, 2020 4:11 PM EDTAAR Corp. (NYSE: AIR) reported Q3 EPS of $0.67, $0.03 better than the analyst estimate of $0.64. Revenue for the quarter came in at $553.1 million versus the consensus estimate of $550.29 million.
Reported third quarter Fiscal Year 2020 consolidated sales of $553.1 million and income from continuing operations of $2.6 million, or $0.07 per diluted share. Third quarter results included a predominantly non-cash pretax charge of $24.7 million primarily resulting from restructuring and exiting underperforming contracts in commercial programs. For the third quarter of the... More
GE Healthcare (GE) Announces Collaboration with Ford Motor Co. (F) to Produce Ventilators to Combat COVID-19 Pandemic
March 24, 2020 7:34 AM EDTGE (NYSE: GE) Healthcare today provided two updates on its continued efforts to support clinicians, governments and the broader healthcare community in the fight against the coronavirus (COVID-19).
GE Healthcare and Ford Motor Company (NYSE: F) will work together to scale the production of ventilators, arming clinicians with medical equipment important in the treatment of COVID-19 patients. Through this collaboration, Ford will provide its technical and production expertise with the goal of manufacturing a simplified design of GE Healthcares existing... More
