This is what companies have been saying about the coronavirus:

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• Apple Inc. AAPL, +0.06%  is not expecting to meet second-quarter financial guidance because production has slowed or been halted in China due to the COVID-19 outbreak. “Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated,” the company said in a statement on Monday. Apple generates about 15% of its revenue from China, and many of its products are manufactured there.

Read also: Apple’s coronavirus warning wasn’t a total surprise, but magnitude rattles Wall Street

See: Coronavirus update: more than 73,000 cases, 1,873 deaths, Apple warns on second quarter

• Boston Scientific Corp. BSX, +0.40%, which has a $600 million business in China, is expecting a “negative first-half impact” on expectations that Chinese patients will push back elective medical procedures during the outbreak. The company lowered its quarterly sales guidance for the first quarter of 2020. The device maker now anticipates a “preliminary negative sales impact estimate of $10 million to $40 million.”

• Capri Holdings Ltd. CPRI, -0.04%, which owns luxury brands Jimmy Choo and Versace, said it now expects annual revenue of $5.65 billion and adjusted earnings per share of $4.45 to $4.50 as the virus eats into sales. That’s below the FactSet consensus for revenue of $5.78 billion and EPS of $4.87.

Read also: How much will COVID-19 hurt the U.S. economy? It’s anyone’s guess right now

• Carnival Corp. CCL, -0.07%  said there could be a fiscal 2020 earnings-per-share impact of 55 cents to 65 cents if all operations are suspended in Asia through the end of April. If that comes to pass, Carnival says there would be a material impact on the business from suspended cruises in Chinese ports, cancellations in other parts of Asia, and the impact on bookings, which is determined by the length of time that an event influences travel.

• The Coca-Cola Co. KO, +0.15%  CEO James Quincey said the outbreak of severe acute respiratory syndrome (SARS) in 2003 and 2004 was less of a concern than this coronavirus. The Chinese market makes up 10% of Coca-Cola’s global volume. “China’s economy was in a different place when SARS happened,” he said. “It’s worth noting that China’s economy is much bigger and this could become more connected to the rest of the world.”

• The Estée Lauder Companies EL, +0.00% said the third quarter will be most impacted by the sales decline of luxury beauty products in China. The beauty company updated its sales outlook for the second half of the year, saying it now predicts an increase of up to 1%, compared with the same period a year ago.

• Expedia Group Inc. EXPE, -0.04% is expecting a $30 million to $40 million impact on adjusted EBITDA in the first quarter as a result of the outbreak. It also expects “some impact beyond Q1 in 2020 as well,” CEO Barry Diller told investors. “But the exact amount will depend on how long it takes for travel trends to normalize.”

• General Mills Inc. GIS, +0.43% said half of its Häagen-Dazs shops in greater China are closed, and the shops that remain open have “severely restricted hours.” The greater China region makes up 4% of General Mills’ net sales, 40% of which are from Häagen-Dazs shops and other restaurants. The company told investors it can’t yet share how the closures will affect its numbers for fiscal 2020.

• Gilead Sciences Inc. GILD, +0.36%  is working with Chinese authorities to test its investigational antiviral remdesivir as a treatment for people with the virus. The drugmaker plans to conduct a randomized, controlled trial in China as part of those plans, saying that remdesivir has shown “in vitro and in vivo activity in animal models against the viral pathogens” Middle East respiratory syndrome (MERS) and SARS, both of which are also coronaviruses.

• Hasbro Inc. HAS, -0.30% continues “to have office and third-party factory closures” in China as a result of the outbreak. The company said that about two-thirds of its global sourcing comes from China. “The biggest unknown right now is how quickly the manufacturing factories can get their production ramp back up,” said Hasbro CFO Deborah Thomas. “Travel is limited, places are still closed.”

• Hilton Worldwide Holdings Inc. HLT, +0.01%  said about 150 hotels, totaling approximately 33,000 rooms, are closed in China as a result of the coronavirus outbreak.


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