Each forward-looking statement contained in this presentation is subject to risks and uncertainties that could cause actual results to differ materially from those projected in such statements.This transcript is produced by AlphaStreet, Inc. July 24, 2019.
LEXINGTON, Mass., Aug. 5, 2019 /PRNewswire/ -- Pulmatrix, Inc. (NASDAQ: PULM) today reports its second quarter results. Logo of … Find the latest stock market trends and activity today. Net income for the second quarter was $361 million, orWhen the virus outbreak rattled markets in recent months, one sector that remained less affected was information technology. Frank Zitella — Chief Financial Officer and Chief Operating Officer. Furthermore, the duration and impact of the pandemic is unknown and may influence consumers’ shopping behavior and consumer demand, including online shopping.Tea is the most popular drink in the world, and consumption continues to grow. Welcome to DAVIDsTEA’s Conference Call for the Fourth Quarter of Fiscal Year 2019. This included temporarily furloughing all store related employees and moving substantially all non-essential remaining employees to afford a work-week. The unpredictability surrounding the recovery from COVID-19 pandemic and the impact of changes in consumer behavior represent significant uncertainties for all retailers.For fiscal 2019, sales decreased by 7.7% to CAD196.5 million from CAD212.8 million in the previous year. We accomplished this by actively managing our working capital and we were able to significantly reduce our inventory levels.Cognizant Technology Solutions Corp. (NASDAQ: CTSH) today announced its second quarter financial results for the period ended June 30, 2020. At this time, the Company is unable to predict when and how many of its retail locations it will reopen.Payment service provider PayPal Holdings (NASDAQ: PYPL) reported adjusted EPS of $1.07 on revenue of $5.26 billion for the second quarter of 2020.
Any opinion expressed in the transcript does not necessarily reflect the views of AlphaStreet, Inc.Prior to COVID-19 we were on the right path to execute our transformation strategy, consisting of stabilizing our business from unfavorable trend lines, strengthening and restructuring the business with a new operating model, allowing us to tackle the challenges and uncertainties of the future.
The automaker’s second-quarter deliveries fell …
Second Quarter. This provides us with the confidence that our transformation strategy will bring the needed results. Fortunately, our customers in large numbers have shifted to buying our online in supermarkets and drug stores. This was offset by exceptional sales growth in our e-commerce and wholesale channels of over 170% and 83% respectively. We are totally committed to making this happen, and thank you for your continued patience. Q2 2019 Highlights. If we are not successful in negotiations with our landlords to optimize our retail footprint to reflect the new circumstances, we may need to pursue a formal restructuring in order to do so. Neither the information nor any opinion expressed in this transcript constitutes a solicitation of the purchase or sale of securities or commodities. DAVIDsTEA Inc Q4 2019 earnings call dated Jun. Q2 19 Earnings Presentation 2.5 MB. For the same period, wholesale and e-commerce sales increased by 18.5%. Our results for fiscal 2019 were below our expectations. The forward-looking statements in this discussion speak only as of today’s date, and we undertake no obligation to update or revise any of these statements.Thanks, Herschel, and good afternoon, everyone.