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- Globally connected companies are facing heightened uncertainty around their revenue forecasts as the coronavirus pandemic blankets China.
- The outbreak arrived in the midst of earnings season, and numerous firms addressed the outbreak's early effects on business in China.
- Here's how five major companies from Apple to Tesla forecasted the virus' effect on future earnings.
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Global supply chains are becoming increasingly bogged down by the coronavirus outbreak, and several of the world's biggest companies are cautioning investors of a future hit to earnings.
The pandemic has killed more than 560 people and infected more than 28,000 as of Thursday morning. Asian markets tanked in recent days as fears surrounding the virus gripped investors, and China's central bank has already implemented rate cuts and capital injections to counteract economic slowdown.
The outbreak arrived in time with earnings season, when the majority of publicly traded companies released their financial results for the end of 2019. Several companies mentioned the outbreak in their regulatory filings or in follow-up calls with analysts. Others issued press releases announcing store closures or travel bans in the country to curb additional infections.
Here's how five major companies addressed the coronavirus outbreak and forecasted its effect on future earnings.
