Dell Inc. Q1 adjusted earnings Beat Estimates

Latin America struggles to contain COVID-19 pandemic

As crisis grows in Latin America, health body says region is behind Europe by six weeks and yet to see peak.

Latin American countries have reported more than 270,000 cases and more than 14,000 deaths attributed to COVID-19.

According to the Pan American Health Organization, the region is experiencing what Europe did six weeks ago.

Though a majority of those falling ill are in hotspot countries such as Brazil and Peru, other states are expecting a dramatic increase in cases in the coming weeks.

 

Al Jazeera’s Manuel Rapalo reports.

US airport workers hit with layoffs amid COVID-19 outbreak

Many airport workers in US have been laid off until people start flying again and airports return to how they were before the coronavirus pandemic.

With most flights grounded, low-paid airport workers across the United States have been hit hard by layoffs.

Before the pandemic, they were fighting for a pay increase.

Now, those who remain, are facing years of financial hardship.

Al Jazeera’s Gabriel Elizondo reports from Philadelphia.

Philippines ABS-CBN TV network ordered shut

Philippines’ largest television network has been ordered to cease operations after President Duterte’s allies in Congress refused to renew station’s 25-year licence.

ABS-CBN, the Philippines’s largest television network, has been ordered to cease operations after President Rodrigo Duterte’s allies in Congress refused to renew the station’s 25-year licence.

In an order issued on Tuesday, the government agency tasked with awarding broadcasting licences said “absent a valid Congressional Franchise, as required by law”, the network should stop its various television and radio operations.

Al Jazeera’s Jamela Alindogan reports.

Airpower a tall factor in Libya war outcomes

Because of Libya’s flat terrain, armed drones have played a key role in changing the fortunes of each side in the conflict.

In Libya, forces loyal to renegade military commander Khalifa Haftar have been forced to retreat as the UN-recognised government has been making rapid gains.

The two sides have been fighting for control of the west since April 2019.

Airpower has been a key factor in this conflict.

Al Jazeera’s Alex Gatopoulos explains.

Donald Trump Signs Executive Order Targeting Social Media Platforms: “They’ve Had Unchecked Power”

President Donald Trump signed an executive order targeting social media companies, claiming that sites like Twitter and Facebook have “unchecked power” to censor and restrict points of view.

The text of the order was not immediately released, but a draft circulated earlier on Wednesday showed that it would ask the FCC to review whether tech platforms should continue to receive immunity from liability over third party content on their sites.

Section 230 of the Communications Decency Act does just that, but the draft executive order suggested that the platforms were now acting as gatekeepers in the way that they moderate third party content. After Twitter slapped two of Trump’s tweets with fact checking links this week, he lashed out at the platforms, while the White House announced plans to issue the order.

More to come.

VMware Inc. Q1 adjusted earnings of $1.52 per share

VMware Inc. (VMW) released a profit for its first quarter that climbed from the same period last year.

The company’s earnings totaled $386 million, or $0.92 per share. This compares with $380 million, or $0.89 per share, in last year’s first quarter.

Excluding items, VMware Inc. reported adjusted earnings of $640 million or $1.52 per share for the period.

The company’s revenue for the quarter rose 11.4% to $2.73 billion from $2.45 billion last year.

VMware Inc. earnings at a glance:

-Earnings (Q1): $640 Mln. vs. $535 Mln. last year.
-EPS (Q1): $1.52 vs. $1.25 last year.
-Revenue (Q1): $2.73 Bln vs. $2.45 Bln last year.

Costco Wholesale Corporation Reports Fall In Q3 Earnings

Costco Wholesale Corporation (COST) reported earnings for third quarter that dropped from last year.

The company’s bottom line came in at $838 million, or $1.89 per share. This compares with $906 million, or $2.05 per share, in last year’s third quarter.

The company’s revenue for the quarter rose 7.3% to $37.27 billion from $34.74 billion last year.

Costco Wholesale Corporation earnings at a glance:

-Earnings (Q3): $838 Mln. vs. $906 Mln. last year.
-EPS (Q3): $1.89 vs. $2.05 last year.
-Revenue (Q3): $37.27 Bln vs. $34.74 Bln last year.

DXC Technology Company Q4 adjusted earnings Beat Estimates

Below are the earnings highlights for DXC Technology Company (DXC):

-Earnings: -$3.50 billion in Q4 vs. $0.27 billion in the same period last year.
-EPS: -$13.79 in Q4 vs. $1.01 in the same period last year.
-Excluding items, DXC Technology Company reported adjusted earnings of $306 million or $1.20 per share for the period.
-Analysts projected $0.99 per share
-Revenue: $4.82 billion in Q4 vs. $5.28 billion in the same period last year.

Dell Inc. Q1 adjusted earnings Beat Estimates

Dell Inc. (DELL) announced a profit for first quarter that declined from last year.

The company’s earnings totaled $143 million, or $0.19 per share. This compares with $293 million, or $0.38 per share, in last year’s first quarter.

Excluding items, Dell Inc. reported adjusted earnings of $1.02 billion or $1.34 per share for the period.

Analysts had expected the company to earn $1.01 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 0.2% to $21.95 billion from $21.99 billion last year.

Dell Inc. earnings at a glance:

-Earnings (Q1): $1.02 Bln. vs. $1.10 Bln. last year.
-EPS (Q1): $1.34 vs. $1.45 last year.
-Analysts Estimate: $1.01
-Revenue (Q1): $21.95 Bln vs. $21.99 Bln last year.