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Friday, May 1, 2020

Disappointing Earnings News May Weigh On Wall Street

The major U.S. index futures are currently pointing to a lower opening on Friday, with stocks likely to extend the pullback seen in the previous session.

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Imperial Oil Slips To Loss In Q1, Revenues Decline - Quick Facts

Imperial Oil Ltd. (IMO, IMO.TO) on Friday reported a net loss for the first quarter on lower revenues, noting that its results were impacted by COVID-19 and depressed March crude prices. The loss per share for the quarter was wider than analysts' estimates and revenues too missed their expectations.

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Newell Brands Withdraws FY20 Outlook Amid COVID-19 - Quick Facts

While reporting financial results for the first quarter on Friday, consumer goods company Newell Brands (NWL) said it is withdrawing its previously announced full-year 2020 guidance and is not issuing quarterly guidance for the second quarter.

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Cameco Posts Adj. Profit In Q1, Revenues Rise - Quick Facts

Cameco Corp. (CCJ, CCO.TO), a uranium producer, on Friday reported attributable net loss for the first quarter of $19 million or $0.05 per share, compared to net loss of $18 million or $0.05 per share in the year-ago period.

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W. P. Carey Withdraws FY20 Outlook Amid COVID-19 - Quick Facts

While reporting financial results for the first quarter on Friday, real estate investment trust W. P. Carey Inc. (WPC) said it is withdrawing its previously communicated full-year 2020 AFFO guidance, due to significant uncertainty and economic disruption related to the COVID-19 pandemic.

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MoneyGram Not Providing Q2 Outlook Amid COVID-19 - Quick Facts

While reporting financial results for the first quarter on Friday, MoneyGram International, Inc. (MGI) said it is not providing a second quarter outlook, as a result of the uncertainty created by the COVID-19 pandemic.

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Chevron Q1 Profit Rises; Cuts 2020 Capital Expenditure Guidance

Chevron Corp. (CVX) reported that its first quarter earnings were up from a year ago driven by downstream margins and increased Permian production. However, commodity prices fell significantly in March and the weakness continued into the second quarter,

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