Earnings: Companies clash over whether second quarter was the bottom

Was the second quarter the bottom?

But the key to understanding the rally is the persistent belief that the second quarter was the bottom of the pandemic and its economic impact. Even 3M, which declined to provide guidance, spoke about a "broader improvement" in business recently on the conference call. CEO Michael Roman said, "We're seeing demand come back.", expressed a similar sentiment, saying "visibility has improved in the past couple of months but remains low" but that "based upon current marketing conditions, we think the worst is behind us.

Here's Xerox on its earnings release: "The continued uncertainty around the spread and resurgence of the virus has changed our prior expectation for an inflection point following the second quarter. ... We now expect a slower pace of gradual recovery in the second half of the year."

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech earnings could determine whether sell-off is routine pullback or leadership crisis for stocksFriday ended the Nasdaq's longest-ever streak without back-to-back daily declines at 49 sessions, one longer than the prior record from 1979. No problem without solution. Great spiritual medium seeing healer consulting past and present. Return of love - Enchantment of love, Cured sexual weaknesses, premature ejaculations - Won the lawsuits, Want to have a child, ect .. whatsapp: +33756832440, Thank you 💰💰 Rotate into big oil. Keep it under yer hat until we're all in.
Source: CNBC - 🏆 12. / 72 Read more »