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Wary of post-covid biz prospects, firms suspend earnings forecasts

India city Mumbai covid-19 pandemic information Government
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Not only Indian firms, but also global ones such as Apple have skipped earnings guidance because of the pandemic MUMBAI : A growing number of companies are refraining from providing earnings forecasts or forward-looking statements to investors, citing business uncertainties due to the covid-19 pandemic.

With the country in the middle of a lockdown since the last week of March, businesses are expected to face a severe impact on their operations in the June quarter.

Most companies contend that a growth or recovery will largely depend on how long the lockdown continues and the steps taken by the government to contain the outbreak.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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