Profit forecasts tank as virus pandemic whacks economy [ABC News]
United Airlines Holdings, Inc. (UAL)
Last united airlines holdings, inc. earnings: 4/30 04:30 pm
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Source: ABC News
NEW YORK -- The virus pandemic that has killed over 40,000 people worldwide is also wreaking havoc on corporate profits, with Wall Street forecasting a double-digit decline in the second quarter and no return to growth the rest of the year.Companies began 2020 hoping to put a year of trade war-induced uncertainty and weak profits behind them. Instead, profit for the S&P 500 is in for an even worse walloping as the pandemic shuts down travel and manufacturing indefinitely.Analysts who'd predicted a profit recovery this year are now bracing for intense pain. Companies have stopped even trying to forecast their own profits, choosing to abandon their guidance completely as revenue vanishes.“We’re all trying to figure out not only what the impact of coronavirus will be in the coming quarter, but what does the world look like on the other side of this,” said Sameer Samana, senior global market strategist at Wells Fargo Investment Institute.Corporate earnings could see the biggest impact fro
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UAL
Earnings
- 10/15/24 - Beat
UAL
Sec Filings
- 11/5/24 - Form 4
- 11/1/24 - Form 144
- 10/21/24 - Form 4
- UAL's page on the SEC website