Hundreds of big companies talked about the impact of the coronavirus in recent earnings calls. Zhang Peng/LightRocket via Getty ImagesTopline: 421 different global companies have so far indicated that the fast-spreading coronavirus in China could negatively impact financial results for the first quarter, according to data from natural language processor Amenity Analytics. As of Friday morning, some 421 different companies—394 of which are U.S.-based—have talked about the coronavirus on first quarter earnings calls, according to Amenity Analytics. Luxury goods companies have also taken a hit amid weaker consumer demand in China: Companies that spoke about coronavirus the most in earnings calls include LVMH (19 mentions), Capri Holdings (17) and Estee Lauder (14). As part of its NLP solutions, Amenity developed a model that targets language related to the coronavirus, providing data on earnings calls going back to January 20, 2020.
Source: Forbes February 07, 2020 20:48 UTC