Source: Pixabay | Photographer: MabelAmber
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The latest earnings report by the popular denim maker Levi Strauss & Co revealed that the company’s sales for the fiscal period tumbled by a whopping 62% as even online sales couldn’t compensate for the fact that the chain’s physical stores were closed for 10 weeks straight due to the COVID-19 pandemic.
Source: depositphotos.com
Reading time: ten minutes
The COVID-19 pandemic and the effort made on behalf of governments to keep the situation under control led to astounding expenses for all nations across the globe.
In the first quarter of 2020, China’s economy shrank by 6.8% year-over-year. Soon, it was followed by the Eurozone, whose finances also shaved off 14.8% compared to last year, as well as by the U.S. with its year-over-year decline of 4.8%.
Source: Dreamstime
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The Canadian multinational company, formerly known as Research In Motion, announced its total GAAP revenue for its first quarter of fiscal 2021. The amount: $206 million, or а 17% decline year-over-year than the $247 million the company had generated for the same period last year.
Source: Depositphotos
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The cloud and data management service provider posted lower than expected earnings that led to a 5% drop in its share price in extended trading hours on Tuesday.
Source: Dreamstime
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On Thursday, July 11th, Adobe announced that it had beaten its previous quarterly income record by generating $3.13 billion in revenue, or a 14% year-over-year growth.
Source: Pexels| Author: Leo Cardelli
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On June 2nd, the manufacturer of semiconductors for shooting HD video content announced that its revenue has surpassed last year’s performance by 16%, reaching $54.6 million.