The CEO of AMC Entertainment, Adam Aron, called the last three months, “the most challenging quarter in the 100-year history of AMC” Thursday after the company saw its revenue plunge to $18.9 billion for the second quarter from $1.5 billion a year ago.
The U.S. economy added 1.76 million jobs in July and the unemployment rate sank to 10.2 percent.
Uber Eats revenue grew 113% to roughly $1.2 billion, while bookings for the ride-sharing service tumbled 73 percent
Dish TV revenue slipped as the number of paid net subscribers fell for Dish TV and Sling TV.
Results were heavily affected by the pandemic as well as by a decline in revenue related to the sale of the company's supermarket-coupon business, News Corp said.
T-Mobile reported year-over-year increases of $13.2 billion in service revenue and $17.7 billion in total revenue for the quarter, both driven by the merger with former competitor Sprint and the company's continued customer growth.
The tech-heavy index notched its 32nd record-high close of the year.
Vista Outdoor ammunition sales are surging as Americans buy more guns
The Louisville, Kentucky-based pizza chain operator reported second-quarter sales spiked 15 percent from a year ago.
Restaurant Brands International reported a 25 percent drop in second-quarter revenue amid weakness at Burger King and Tim Hortons.
Etsy reported a triple-digit increase in the company's gross merchandise sales Wednesday as the coronavirus pandemic lead to an influx of 11.5 million new buyers and 7.2 million reactivated buyers who haven’t purchased in a year or more on the online retailer's marketplace.
Lawmakers wrangled over a new COVID-19 relief package and drugmakers made progress toward a vaccine.
Wayfair swung to a second-quarter profit as sales spiked 84 percent from a year ago.
The Woonsocket, Rhode Island-based pharmacy health care provider earned $2.99 billion, or an adjusted $2.64 per share.
Fox Corp.'s revenue still pulled slightly ahead of analysts’ expectations.
Treasury Secretary Steven Mnuchin said negotiators made a “little bit of progress,” but Democrats and Republicans remained divided on key issues including an extra $600-per-week unemployment benefit.
BP announced a $16.8 billion pre-tax loss and cut its dividend in half.
Clorox Co. reported a 21.9% gain in sales for the latest quarter as consumers stocked up on cleaning goods and personal-care items due to the Covid-19 pandemic, and it said on Monday that it will promote Linda Rendle, the company’s president, to chief executive in September.
Amazon, Apple, Google and Facebook all reported strong earnings in the second quarter of 2020
Chief Executive Mike Manley said the group’s plants were up and running and car dealers were selling in showrooms and online.