LendingClub posted first-quarter earnings results Tuesday (May 5) that showed a high single-digit percentage decline in loan originations as consumers held back, investors shied away from debt markets and an unprecedented set of headwinds tied to the coronavirus hit the firm’s revenues. Get the Full...
The COVID-19 pandemic hit Disney hard for the first three months of 2020, with overall revenue down $1.4 billion largely stemming from its ravaged theme park sector, which has been closed since mid-March. Get the Full Story Complete the form to unlock this article and...
Not every company is suffering as the world’s economy has come to a virtual standstill and the pandemic death toll rises. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
With its walk-in business taking a large negative hit due to the coronavirus pandemic and stay-at-home orders, MoneyGram reported 57 percent digital transaction growth for the first quarter of 2020. The money transfer company said performance was driven by high client retention rates, market growth...
Visa posted fiscal second-quarter results that showed a precipitous falloff in cross-border volumes late in the quarter amid the coronavirus pandemic, alongside what it termed a “significant deterioration” in spending that was evident in March. Get the Full Story Complete the form to unlock this...
For a company that doesn’t have a retail location open outside of China or South Korea because of the coronavirus pandemic, Apple acquitted itself nicely in the second quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
As it worked to provide its customers with off-premise options amid the coronavirus pandemic, Dunkin’ Brands reported that about 90 percent of Dunkin’ U.S. locations remain open as of April 25. The company reported that Dunkin’ U.S. has a “flexible operating model” where it can keep providing delivery,...
Shares of Overstock.com Inc. rose 4.5 percent Thursday (April 30) after the eCommerce retailer announced a narrower first-quarter loss and the fact that April sales more than doubled. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
As it is with most things surrounding eBay these days, its first quarter earnings announced late Wednesday (April 29) were complicated. The firm’s analyst call started with its new CEO who has been on the job for three days after being placed under pressure from...
