Why did this happen? The first quarter loss would have been $436 million, excluding one-time accounting changes and government payroll support payments. The average estimate of 17 analysts surveyed by FactSet was a loss of $4.30 per share. Kelly began the call with analysts and reporters by bluntly stating We lost a billion dollars in the first quarter, leaning into the companys unadjusted loss rather than its net profit after one-time accounting items. In the first quarter of 2020 it lost $223 million, or $1.89 a share.
The first quarter loss would have been $226 million, excluding one-time accounting changes and government payroll support payments. The average estimate of 17 analysts surveyed by FactSet was a loss of $452-47.38 per share. Kelly began the call to journalists on early March 21, 2020.
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The first quarter loss would have been $ 226 million , excluding one - time accounting changes and government payroll support payments . The average estimate of 17 analysts surveyed by FactSet was a loss of $ 452-47.38 per share . Kelly began the call to journalists on early March 21 , 2020 .
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