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.
The e-commerce company Groupon (NASDAQ: GRPN) released its first-quarter 2020 results on Tuesday after market close. The company reported revenues of $374.15 million for the last quarter which is 35% lower than the $578.41 million reported during the same period of the year prior. While the results surpassed Wall Street expectations.
China retail sales fell for a fourth straight month as shops, restaurants and other crowded places closed during the pandemic. Meanwhile, the industrial production data improved in last month.
The luxury jewellery maker Tiffany & Co (NYSE: TIF) released its first-quarter 2020 results on June 9. The company worldwide net sales declined by 45% due to the retail stores closed across the global markets over COVID-19 lockdowns. The New York-based company shut down two of their stores during the quarter and It currently operates a total of 324 locations.
The e-commerce pet-care retailer Chewy Inc. (NYSE: CHWY) reported better-than-expected revenue for the first quarter. Chewy sales boosted recently after a decrease in shopping trips to the physical stores as many consumers opt for home delivery in this pandemic.