04-03-2020 18:39 via ocregister.com

7 ways coronavirus is hitting corporate bottom lines

Here’s a quick summary of seven ways the coronavirus outbreak is impacting businesses across the globe. 
1. Profit cuts: Major corporations like Apple, Microsoft and Visa have already cut expectations. General Electric believes the viral outbreak could have a negative impact of about $300 million to $500 million on its first-quarter industrial free cash flow. Operating profit for the period could be hurt by about $200 million to $300 million.
2. Rationing:  Kroger Co., the nation
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