Paris - La Défense, September 28, 2020 – Based on current trading and achievements in cost reduction since the beginning of the third quarter 2020, Tarkett estimates that year end results will be above market expectations. Consequently, the Group updates its outlook for 2020. Q3 2020 preliminary information Q3 revenue still trending below last year’s level in most segments: + Sequential improvement in EMEA versus Q2 2020 resulting in single digit revenue decrease compared to last year and stable revenue growth in CIS, APAC & LATAM, in particular thanks to the recovery of residential activities; + North America sequentially improving versus Q2 2020 but still trading down double digit compared to last year as commercial is improving slowly and exposure to the more dynamic residential segment is lower than in other regions; + As expected, Sports revenues to decline double digits. The level and seasonality of Tarkett Sports’ activities have
NEW YORK (AP) — Stocks closed broadly lower on Wall Street Monday as markets tumbled worldwide on worries about the pandemic’s economic pain.
The S&P 500 ended with its fourth-straight loss, though a last-hour rally helped trim its decline by more than half. Industrial, health care and financial stocks accounted for much of the selling. Technology stocks recovered from an early slide to notch a gain.
The selling followed a slide in European stocks on the possibility of tougher restrictions to stem rising coronavirus counts.
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The losses were widespread, with almost all the stocks in the S&P 500 lower. The S&P 500 fell 38.41 points, or 1.2%, to 3,281.06.
The Dow Jones Industrial