Toyota Motor ($TM)
Let’s start with the Japan-based global auto giant Toyota. With the automobile sector hit significantly by the Covid-19 pandemic, the automaker saw its profit and revenue drop all through 2020. However, it was resilient and expects to report better results in 2021:
- In Q1 2020, the auto giant saw its operating profit drop by a massive 98% to $137.73 million. Consolidated global sales dropped 50%, as a result of the pandemic, to 1.16 million units.
- Q2 2020 saw the Japanese auto giant experience its profit plunging by 74%, with the pandemic reducing the company’s sales by half from the previous year. Having sold 2.3 million vehicles in Q2 2019, Toyota could only sell 1.2 million vehicles in Q2 2020. Quarterly sales were reported at $43 billion.
- During Q3 2020, Toyota reported consolidated revenue worth $63,835 million, beating estimates of $62,213 million. Operating profit was reported at $3.13 billion, a year-over-year drop of 32.2%. Total costs and expenditure also reported a year-over-year decline of 10.1% to $59 billion.
- During Q4 2020, Toyota reported consolidated revenue worth $65,190.6 million, beating consensus estimates of $63,257 million. Top line, however, declined 7.3% from Q4 2019, brought about by reduced automobile demand as a result of Covid-19.
Social video game developer Zynga enjoyed rising demand brought about by the pandemic causing people to remain indoors:
- For Q2 2020, Zynga reported the highest revenue for a quarter in the company’s history. Bookings rose a massive 38% to reach $518 million, beating expectations. Revenues rose 47% to hit $425 million.
- Q3 2020 saw Zynga report record revenue again, coupled with strong growth in users. Revenue rose 46% year-over-year to hit $503 million. Bookings rose 59% to hit $628 million. However, it did report a net loss worth $122 million.
- For Q4 2020, Zynga reported revenue beating expectations. Bookings grew 61% year-over-year to top $699 million.
- For Q1 2021, the gaming company reported bookings worth $720 million, a year-over-year growth of 69%. Revenue was reported at $680 million, rising 68% year-over-year.
Uber Technologies ($UBER)
Ride-sharing company Uber understandably struggled with reduced demand as a result of the pandemic:
- For Q2 2020, Uber reported revenue worth $2.2 billion, a 29% year-over-year decline. Its food delivery segment improved though.
- During Q3 2020, Uber earned revenue worth $3.1 billion, a year-over-year decline of 18%.
- For Q4 2020, Uber earned revenue worth $3.2 billion, a year-over-year decline of 16%. Net loss reported was $968 million. The ride-sharing company, however, reported 1 billion trips.
- Q1 2021 saw a net loss worth $108 million, which was an improvement from the Q4 2020 revenue of $968 million. Revenue was reported at $2.90 billion, lower than the Refinitiv estimate of $3.29 billion.
T-Mobile US ($TMUS)
The importance of mobile network coverage was felt a great deal during the pandemic. That caused 5G network provider T-Mobile, which also includes Sprint, to report rising sales:
- For Q2 2020, T-Mobile reported a net income worth $110 million. Total revenue was reported at $17.67 billion, from $10.99 billion in Q2 2019.
- Q3 2020 saw T-Mobile cross 100 million customers. Total revenue was reported at $19.3 billion while service revenue was reported at $14.1 billion. The company earned net income worth $1.3 billion.
- During Q4 2020, T-Mobile earned net income worth $750 million, beating consensus estimates. It also reached 102 million customers.
- In Q1 2021, T-Mobile saw its total revenue at $19.8 billion and service revenue at $14.2 billion, both registering year-over-year growth. Net income was reported at $933 million.
The global pandemic is still present though cases have come down significantly in North America and Europe. As a result, markets have been witnessing growth in 2021. That should give you the impetus to get started in trading with an experienced online stockbroker.
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