Schneider Electric on Thursday posted a smaller-than-expected quarterly revenue decline, but expects a further significant impact from the COVID-19 pandemic as global shutdowns to curb the fast-spreading virus take effect.
The logo of Scheider Electrics is pictured at the company's headquarters in Rueil-Malmaison near Paris, France, April 22, 2020. REUTERS/Charles Platiau/FilesREUTERS: Schneider Electric on Thursday posted a smaller-than-expected quarterly revenue decline, but expects a further significant impact from the COVID-19 pandemic as global shutdowns to curb the fast-spreading virus take effect.
The French electrical equipment group, which markets products ranging from electrical car chargers and lighting control to transformers and production software, reported a first-quarter revenue of 5.83 billion euros , down 6.4per cent organically, slightly lower than analysts' expectations of a 7.2per cent decline.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AT&T misses revenue estimates as coronavirus weighs on businessAT&T Inc's first-quarter revenue fell short of Wall Street expectations and the company pulled its annual forecast on Wednesday, as the impact of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
AT&T pulls 2020 financial forecast as coronavirus clouds businessAT&T Inc's first-quarter revenue fell short of Wall Street expectations and the company pulled its annual forecast on Wednesday, as the impact of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Kimberly-Clark's tissue sales surge 13per cent, suspends annual forecastKimberly-Clark Corp on Wednesday suspended its forecast for the year and said sales of tissue rose 13per cent in the first quarter as consumers ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Coca-Cola sees second quarter sales hit from coronavirus lockdownCoca-Cola Co on Tuesday forecast a significant hit to current-quarter results as restaurants, theaters and other venues that represent about half ... two months of no sugar drinks , good leh
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Google drops charges on shopping service to counter Amazon's surging ad salesGoogle said on Tuesday it would stop charging merchants to place products on its Google Shopping search page as it looks to win e-commerce ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Chipotle reports 16per cent drop in March same-store salesChipotle Mexican Grill Inc on Tuesday reported a 16per cent fall in March same-store sales, as the coronavirus pandemic forced the company to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »