The U.S. package delivery giant FedEx (NYSE: FDX) reported better-than-expected fourth-quarter earnings results on Tuesday after the market close. While the company reported a loss of $334 million in its fiscal fourth quarter but its revenue surpassed the expectations as the Covid-19 pandemic continues to boost the online shopping.
Lowering the price will decrease the production which will have impact not on the energy sector, but also several parts of sectors connected to oil. Lowers the production will lower the workforce needed in sectors what will raise the unemployment. Higher unemployment starts the cycle of the spiral which slows the economic growth on the end.
The memory chip maker Micron Technology, Inc. (NASDAQ: MU) reported better-than-expected earnings for its third quarter of fiscal 2020 on Monday after the market close. The company revenue rose to $5.44 billion from $4.79 billion a year earlier.
Footwear giant Nike (NYSE: NKE) released its fourth-quarter earnings results on Thursday. The company reported a surprise loss of $790 million due to store closures across North America and other parts of the world. One bright spot was increasing digital sales; the sales increased 75%, representing about 30% of total revenue.
The software giant Oracle (NYSE: ORCL) announced fiscal fourth-quarter earnings after the market close on Tuesday. The $ORCL stock closed 5% lower on Wednesday as the company posted quarterly revenue below Wall Street estimates for its Q4.