About 70 Companies in Global Index Lowered Guidance in May Because of Pandemic — Data Talk
At least 70 companies in the Dow Jones World Large Cap Index lowered their earnings guidance as a result of the coronavirus pandemic during the month of May, a nearly 38% increase from April 30, according to data tracked and analyzed by Dow Jones Newswires. That index is composed of about 1,400 companies that represent the top 70% of market cap in each of 50 developed and emerging-market countries.
–At least 255 companies in the global index cited the pandemic in lowering their guidance from Jan. 15 through May 31.
–At least 20 companies in the global index raised their guidance as a result of the panedemic for the period. At April 30, that number stood at 15.
–At least 444 companies in the index issued coronavirus-related guidance as of May 31, up from 313 as of April 30.
–At least 153 North American companies in the global index have released coronavirus-related guidance as of May 31. North American companies make up about 17% of the index and about 34% of the companies with coronavirus-related guidance.
Source: Dow Jones