By Deepta Bolaky
During the week, several leading companies within the Media, Entertainment and Food industry are expected to release their quarterly earnings together with their guidance on navigating a pandemic-induced business environment.
Tyson Foods, Inc. (NYSE: TSN) is one of the largest processors and marketers of chicken, beef and pork. The company is considered one of the world’s largest food companies and an industry leader in protein. Some plant facilities were temporarily closed until the President signed an order compelling companies in the meat industry to reopen plants to help ensure a continued supply of protein.
As of writing, almost 900 employees at a processing plant in Indiana were tested positive for COVID-19. The company has issued a series of guidelines, health and safety measures and bonus incentives to operate during the pandemic.
The company will hold its second-quarter 2020 earnings call Monday, May 4 at 9 a.m. Eastern before the open.
Skyworks Solutions, Inc. (Nasdaq: SWKS), will conduct a conference call with analysts to discuss its second-quarter fiscal 2020 results and business outlook on May 4, 2020, at 4:30 p.m. Eastern time. After the close of the market on the same day, and prior to the conference call, Skyworks will issue a copy of the earnings press release via Business Wire.
The Walt Disney Company (NYSE: DIS), together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise. Like many other media and entertainment companies, the company faced major challenges with the closure of themed parks and the postponement of movie premieres.
The company has tried to bring the Disney magic at home during the pandemic through the early digital releases of movies on Disney+ and virtual viewing of Disneyland parks. The results might help to see whether there is any shift in the company’s theatre business model.
The company will release its second-quarter 2020 results after the close of regular trading on May 5, 2020. A live audio webcast to discuss the results will begin at 4:30 p.m. EDT / 1:30 p.m. PDT on the same day.
Activision Blizzard, Inc. (Nasdaq: ATVI) has five operating units which together makes them one of the world’s most successful standalone interactive entertainment companies. It connects millions of people through fun, thrilling and engaging gaming experiences.
The company intends to release its first-quarter 2020 results after the close of the market on Tuesday, May 5, 2020. In conjunction with this release, Activision Blizzard will host a conference call that will be broadcast over the internet on the same day at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
Beyond Meat, Inc. (NASDAQ: BYND) has established itself as a leader in plant-based meat. The results will likely help investors to gauge whether the demand for plant-based meat has boomed or is considered too expensive during the pandemic. While many analysts are recommending selling the stock, others remain optimistic, following the debut of the company’s products in China through a partnership in China.
The company will report results for the first quarter ended March 28, 2020 on Tuesday, May 5, 2020 after market close. The Company will host a conference call to discuss these results at 4:30 p.m. ET.
Shopify (NYSE: SHOP) plans to announce financial results for its first quarter ended March 31, 2020 before markets open on Wednesday, May 6, 2020. The company will host a conference call to discuss first-quarter results and to provide further updates on the COVID-19 impact on its first-quarter earnings call at 8:30 a.m. ET on the same day.
PayPal Holdings, Inc. (NASDAQ: PYPL) will hold its Q1 2020 earnings call on May 6, 20220 at 2:00 p.m. (PDT).
General Motors Co. (NYSE: GM) will announce its first-quarter 2020 financial results on Wednesday, May 6, at approximately 8 a.m. EDT. The company will host a conference call for financial analysts at 10 a.m. EDT to review the results and answer questions.
Uber Technologies, Inc. (NYSE: UBER) is a ride-hailing company that moves people around to wherever they need to go. With the various forms of lockdowns around the globe, the company took a massive hit and has tried to reduce losses by rolling out several new features to respond to the crisis.
The company will release its earnings results and hold its quarterly conference call to discuss its financial results for the first quarter of 2020 on Thursday, May 7, 2020, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
Moderna, Inc., (Nasdaq: MRNA) a clinical-stage biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines to create a new generation of transformative medicines for patients. It is one of the leaders among the US companies developing experimental vaccines. Ever since they received funding from the CEPI to accelerate the development of messenger RNA Vaccine against the novel coronavirus, the biotech company became more popular among investors.
The company will host a live conference call and webcast at 8:00 a.m. ET on Thursday, May 7, 2020 to report its first-quarter 2020 financial results and provide a corporate update.
Roku, Inc. (NASDAQ: ROKU) has gained popularity due to the rising world of streaming services. The company manufactures a variety of digital media players that allow customers to access internet streamed video or audio services through televisions. On the 13th of March 2020, the company withdrew its full-year 2020 guidance due to the uncertainties arising from the novel coronavirus.
The company will release first quarter 2020 financial results and key operating metrics on Thursday, May 7, 2020 following the close of the market. The Company will host a live webcast of its conference call to discuss the results at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time on the same day.
By Deepta Bolaky
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