L'Oreal 1H Earnings, Sales Decline But Consumer Demand Intact
L'Oreal said its earnings declined in the first half amid the pandemic, but that consumer demand for beauty products is intact and that the company aims to outperform the market in the second half.
Vivendi 1H Net Profit, Revenue Increased
Vivendi said that net profit and revenue increased in the first half of the year thanks to growth at its two main businesses--Universal Music Group and Canal+ Group--as well as income generated by the revaluation of interests in Spotify Technology and Tencent Music Entertainment Group
Grubhub Generates Sales, Not Profit, During Pandemic
Delivery service company Grubhub reported $459 million in sales in its second-quarter ending in June, a 41% increase from the previous year's period. But it also spent heavily on advertising and other items.
Kraft Heinz Earnings Hit by Write-Downs
The food maker wrote down the value of Oscar Mayer, Maxwell House and several other of its well-known brands, reflecting the challenges for the company despite strong sales in recent months amid the pandemic.
Mastercard's Revenue Falls, Hurt by Pandemic
Company's revenue in the second quarter tumbled nearly 20% to $3.34 billion as the Covid-19 pandemic continued to weigh on business.
Fannie, Freddie Earnings Improve Amid Signs of Housing-Market Recovery
Government-controlled mortgage giants Fannie Mae and Freddie Mac said earnings improved in the second quarter, adding to evidence of a rebound in the U.S. housing market.
Coronavirus Impact on NBCUniversal Weighs on Comcast
The company's second-quarter revenue fell 12% as the pandemic crippled its NBCUniversal unit, which includes theme parks, a movie studio and advertising-dependent TV networks.
British Banks Have Worries Beyond Coronavirus
The coronavirus pandemic pummeled British banks in the second quarter as many companies struggled to reopen and individuals reduced spending and deferred payments on loans. The industry is also grappling with Brexit and the increasing likelihood of negative interest rates.
Auto Giants Swing to Loss Amid Coronavirus-Driven Downturn
Volkswagen slashed its proposed dividend Thursday after swinging to a net loss in the second quarter, but the world's biggest car maker by sales also said there were signs a recovery was under way in markets from Western Europe to the U.S.
Procter & Gamble Posts Biggest Yearly Sales Gain Since 2006
Procter & Gamble, maker of household staples from Tide detergent to Charmin toilet paper, posted its strongest annual sales gain since 2006 as the pandemic kept consumers at home and vigilant about cleaning.
