What Apple, Hilton and other U.S. companies are saying about the coronavirus outbreak

COVID-19, the disease caused by the new coronavirus that was first identified late last year in Wuhan, China, is becoming a dominant theme in the earnings releases and conference calls of S&P 500 companies as investors press for answers on how it will impact their financials.

• Capri Holdings Ltd. CPRI, -1.50% , which owns luxury brands Jimmy Choo and Versace, said it now expects annual revenue of $5.65 billion and adjusted earnings per share of $4.45 to $4.50 as the virus eats into sales. That’s below the FactSet consensus for revenue of $5.78 billion and per-share earnings of $4.87.• Carnival Corp. CCL, +0.75% said there could be a fiscal 2020 earnings-per-share impact of 55 cents to 65 cents if all operations are suspended in Asia through the end of April.

• Gilead Sciences Inc. GILD, -0.81% is working with Chinese authorities to test its investigational antiviral remdesivir as a treatment for people with the new coronavirus. The drug maker plans to conduct a randomized, controlled trial in China as part of those plans, saying that remdesivir has shown “in vitro and in vivo activity in animal models against the viral pathogens” Middle East respiratory syndrome and SARS, both of which are also coronaviruses.• Hasbro Inc. HAS, -0.

• Nike Inc. NKE, -1.49% said that it has closed about half its stores in China, while the remaining stores are reporting lower-than-expected retail traffic. The athletic-apparel maker said it plans to provide an update about the impact of the virus on its third-quarter earnings call. • Tyson Foods Inc. TSN, -0.45% has restarted some operations in China, but CEO Noel White said the company will face short-term impacts from the outbreak, even if the fallout eventually helps support government efforts in China to “decrease” the number of wet markets. Researchers believe that the virus, common to bats, may have been transmitted to humans via another animal sold at the Huanan Seafood Wholesale Market, a wet market in Wuhan.

Source: News Formal (newsformal.com)

With the current global supply chain all will be affected Amazon, Walmart, Apple, Auto OEMs, GE....etc. There is currently a 5 week gap in shipments out of China which are growing weekly. When it comes back up everyone will be fighting for boat and aircraft space. Good Luck.

Truth. Let's not even try. Stonks to more ATHs please

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