Starting with the telehealth industry, Amwell only started public trading on the 17th of September 2020 and and is up by around 30% while the S&P 500 is only up by 15%. This happened despite the presence of Covid-19. So how did it fare in the second and third quarters?
- 2020 second quarter saw Amwell experiencing a 300% rise in its average monthly visit volume, while average monthly active providers rose 400% from the first quarter.
- In the third quarter, Amwell had 1.4 million telehealth visits, which was a 450% year over year rise. Revenue was in the region of $62.6 million, an 80% rise.
The casino operating company is banking on the increasing popularity of online gambling. Covid-19 significantly affected MGM’s casino operations both domestically and abroad. How did the 4 quarters fare?
- In the 1st quarter, MGM experienced net revenues decreasing by 29%, mainly because of its casino operations in Macau as well as its domestic operations being suspended as a result of Covid-19. Travel restrictions also contributed to MGM China suffering a 63% net revenue reduction. Attributable net income stood at $807 million.
- In Q2 MG reported a 91% reduction in consolidated net revenues to $290 million from the prior-year quarter. Consolidated operating loss was reported at $1.0 billion. Net loss was reported at $857 million.
- In Q3, casino revenue dropped 44% in comparison to the same quarter the previous year. Revenue for rooms reduced 71%.
- In the 4th quarter, MGM reported a 53% decline in consolidated net revenues when compared to the same quarter the previous year when the revenues were $1.5 billion. The company reported consolidated operating loss worth $364 million.
The oil company had a tough 2020, which resulted in a $5.5 billion loss. That translates to a $368 million loss after excluding currency effects and the effects of one-time charges. Low prices for oil and gas have affected the upstream earnings of the company while downstream earnings were affected by the lesser demand for gasoline brought about by Covid-19.
- In Q1, Chevron reported earnings worth $3.6 billion, which is a significant improvement over $2.6 billion from the same quarter in 2019. Foreign currency effects reportedly accounted for the increased earnings by $514 million while operating revenues and sales accounted for $30 billion, lesser than the $34 billion in the same quarter a year ago.
- In the second quarter, Chevron reported $8.3 billion loss, compared with $4.3 billion in 2019’s second quarter.
- In Q3, Chevron reported loss worth $207 million compared with $2.6 billion earnings in 2019 Q3.
- For Q4, Chevron reported loss worth $665 million while the 4th quarter of 2019 saw loss worth $6.6 billion.
The tobacco industry in the United States has had to deal with a decline in sales volume of cigarettes. Despite that, and the tremendous challenges brought about by the Covid-19 pandemic, nicotine company Altria managed to report growth.
- Altria reported Q1 net revenue worth $6.4 billion, a 13.0% rise from the similar quarter in 2019.
- In Q2, the company reported net revenue worth $6.637. That was a change of 3.8% from the same quarter in 2019.
- The third quarter, Altria’s net revenue was reported at $7.123 billion, a change of 3.9% from the corresponding quarter in 2019.
- In Q4, Altria reported revenue worth $6.304, a change of 4.9% from the previous quarter.
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