Telecom equipment maker Ericsson reported on Tuesday a first-quarter adjusted profit that beat expectations and said sales might stabilise in the second half of the year despite weak demand for 5G gear.Rafael Henrique | Lightrocket | Getty ImagesEricsson said on Tuesday it expects sales to stabilize in the second...
A GameStop location on 6th Avenue in New York on March 23, 2021.View Press | Corbis News | Getty ImagesGameStop said on Tuesday it had cut an unspecified number of jobs to reduce costs and reported lower fourth-quarter revenue amid rising competition from e-commerce firms and weak consumer spending...
A sign inside a Dollar General store in Chicago.Jim Young | ReutersDiscount retailer Dollar General forecast annual sales above Wall Street estimates on Thursday, banking on more inflation-affected customers buying its cheaper groceries and essentials, sending its shares 6.6% higher premarket.Like rival Dollar Tree, however, Dollar General also projected...
Workers at Foxconn factory campus in Longhua town, Shenzhen. 20JUL16 SCMP/Nora Tam (Photo by Nora Tam/South China Morning Post via Getty Images)South China Morning Post | South China Morning Post | Getty ImagesApple supplier Foxconn said on Thursday it expects revenue to increase significantly in 2024 following a slow...
Gary Philbin, CEO, Dollar TreeScott Mlyn | CNBCDollar Tree missed Wall Street expectations for quarterly sales and profit on Wednesday and laid out plans to shutter 970 of its Family Dollar stores, as the retailer looks to revamp the struggling business.Shares of the Chesapeake, Virginia-based firm fell about 8%...
The Marvell Technology Group Ltd. headquarters building stands in Santa Clara, California, U.S., on Tuesday, Feb. 8, 2011. David Paul Morris | Bloomberg | Getty ImagesMarvell Technology forecast first-quarter results below market expectations on Thursday, hurt by weak demand for its custom chips used in artificial intelligence applications, sending the...
Victoria's Secret & Co. at the New York Stock Exchange, September 7, 2021.Source: NYSEVictoria's Secret shares plunged about 29% premarket on Thursday after the lingerie brand forecast weaker annual sales following a sluggish start to the year as shoppers in its key North America market switch to cheaper options.The company, popular for its PINK...
In this photo illustration, a Beyond Meat produced, burger, meatball as well as a chicken nuggets lay on a table on November 21, 2022 in Miami, Florida. Joe Raedle | Getty ImagesBeyond Meat on Tuesday topped market expectations for fourth-quarter revenue on resilient demand for its faux meat patties in...
A Carvana glass tower sits illuminated in Oak Brook, Illinois, Feb. 23, 2022.Armando L. Sanchez | Tribune News Service | Getty ImagesCarvana reported its first-ever annual profit on Thursday, helped by its pact with bondholders to cut its outstanding debt by $1 billion, sending the used car retailer's stock...
Standard Chartered on Friday rewarded shareholders with dividends and a fresh $1 billion buyback as profit rose 18%, but set out modest growth forecasts that will concern investors amid worries about global banks' exposure to China.The bank reported 2023 statutory pre-tax profit rose to $5.09 billion, in line with...