Capital spending misses the median estimate at -11.3% y/y
- expected -4.0% y/y, prior 0.1%
Capital spending excl. software -10.4% y/y
- expected -4.0% y/y, prior -1.4%
Company profits -46.6% y/y
- prior +28.4% y/y
Company sales -17.7% y/y
- -7.5% y/y
COVID-19 response economic impacts slammed capex, sales, profits.