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Logitech shares surge as COVID-19 boosts home-working

Logitech shares surge as COVID-19 boosts home-working

By: John Revill
Source: Reuters
Date of Publication: October 19th, 2020
Logitech International LOGN.S shares led Europe's gainers on Tuesday as the computer peripherals maker reported a big jump in second-quarter profit and again hiked its guidance amid a work-from-home boom.
Walgreens promises return to profit growth as COVID-19 impact eases

Walgreens promises return to profit growth as COVID-19 impact eases

By: Mrinalika Roy, Manas Mishra
Source: Reuters
Date of Publication: October 15th, 2020
Walgreens Boots Alliance Inc WBA.O on Thursday forecast a return to growth in profit next year, banking on a recovery in the second half of fiscal 2021 after improvement in U.S. and UK markets helped it beat estimates for the most recent quarter.
Domino's quarterly profit misses on higher COVID-19 costs

Domino's quarterly profit misses on higher COVID-19 costs

Source: Reuters
Date of Publication: October 8th, 2020
Domino’s Pizza Inc reported a smaller-than-expected profit on Thursday as high pandemic-related costs and staff bonuses offset a jump in demand for pizzas during the coronavirus crisis, sending the company’s shares down about 8%.
Big U.S. banks to report profit plunge as pandemic recession takes hold

Big U.S. banks to report profit plunge as pandemic recession takes hold

By: David Henry
Source: Reuters
Date of Publication: October 1st, 2020
As big U.S. commercial banks close their books on the third quarter, analysts expect them to report a 30% to 60% plunge in profits on the year-ago period due to the pandemic-induced recession and near record low interest rates.
Shares of furniture retailer Herman Miller soar 33% as home office sales surge

Shares of furniture retailer Herman Miller soar 33% as home office sales surge

By: Maggie Fitzgerald
Source: CNBC
Date of Publication: September 17th, 2020
Shares of Herman Miller are soaring after a blowout earnings report. The office furniture retailer said its home office category increased 300% since last year amid the work-from-home trend. “They reported a completely blowout quarter last night. Why? Because people are rebuilding their homes,” CNBC’s Jim Cramer said on “Squawk on the Street” on Thursday.
J.M. Smucker raises profit forecast on upbeat demand

J.M. Smucker raises profit forecast on upbeat demand

Source: Reuters
Date of Publication: August 25th, 2020
J.M. Smucker Co on Tuesday raised its forecast for fiscal 2021 adjusted profit, after the Jif peanut butter maker topped estimates for first-quarter sales on strong demand for its coffee, frozen sandwiches and fruit spreads.
Home Depot posts record sales as demand for DIY products surges

Home Depot posts record sales as demand for DIY products surges

Source: Reuters
Date of Publication: August 18th, 2020
Home Depot Inc (HD.N) reported its biggest rise in quarterly same-store sales in at least two decades on Tuesday as demand for paint, tools and other home improvement products surged from consumers stuck indoors due to the COVID-19 pandemic.
Some companies are thriving amid the coronavirus recession - The Washington Post

In a bleak economy, these companies are flourishing

By: David J. Lynch
Source: The Washington Post
Date of Publication: August 11th, 2020
The coronavirus pandemic is reshaping spending patterns, creating new winners and losers.
Uber's delivery service is now bigger than its rides business

Uber's delivery service is now bigger than its rides business

By: Sara Ashley O'Brien
Source: CNN Business
Date of Publication: August 6th, 2020
As the pandemic ground its ride-hail business to a halt, Uber's delivery service took on new importance. Now, it's Uber's biggest source of revenue.
Nintendo just reported a wild 428% surge in profits thanks to the lockdown gaming boom

Nintendo just reported a wild 428% surge in profits thanks to the lockdown gaming boom

By: Ryan Browne
Source: Reuters
Date of Publication: August 6th, 2020
Nintendo reported operating profit of 144.7 billion yen ($1.4 billion) in the April-June quarter, smashing analyst expectations. Sales of the company’s popular Nintendo Switch and Switch Lite consoles grew around 167% to 5.68 million units in the quarter. The firm has now sold 22.4 million copies of “Animal Crossing: New Horizons,” surpassing sales of “Super Smash Bros. Ultimate.”