Daimler Scraps Forecast, Hermes Reopens Stores: Earnings Wrap

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Daimler AG (DE:DAIGn) threw out a forecast made two months ago that estimated significantly higher profit this year while Renault SA (PA:RENA) said it’s still not possible to assess the virus’s impact. Those calls echoed earlier warnings from Volkswagen (DE:VOWG_p) AG, which also scrapped its outlook this month. French automaker PSA Group has forecast a steep decline in the European car market.

Unilever reported flat sales as people stockpiled staples but often couldn’t go out for ice cream. Still, the Ben & Jerry’s maker maintained its quarterly dividend. Hermes said it has reopened all of its mainland China stores, preparing for rebounding demand as the country emerges from lockdown.

Key Developments:

Here’s the top virus-related earnings news for today by sector.

Autos

Consumer

Retail

Financials

Travel & Leisure

Business Services

Industrials

TMT

Real Estate

Energy

Market Strategy

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