(Reuters) – With the U.S. quarterly earnings season picking up steam this week, investors have caught a glimpse of how companies are weathering the coronavirus outbreak, including the strength of their balance sheets.
With little clarity on when the U.S. economy will reopen, companies of all sizes have been bracing for months of limited revenues. Several corporations have reduced or suspended dividends, slowed capital spending and cut jobs and wages to save money.
Source: REUTERS