Marvell shares fall as chipmaker forecasts downbeat first-quarter results on weak enterprise demand

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...

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Victoria’s Secret shares plunge as shrinking demand hits sales forecasts

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...

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Beyond Meat shares soar 80% as company tops quarterly revenue estimates, plans ‘steep’ cost cuts in 2024

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...

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Carvana posts first-ever annual profit after it cuts debt, shares surge

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...

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StanChart lowers income target as China weighs, launches $1 billion buyback

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...

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VinFast loss widens in Q4, confident of achieving 2024 sales goals

Vietnamese electric vehicle, or EV, maker VinFast on Thursday said its fourth-quarter net loss deepened 3.4% from the previous three months but it aims to nearly triple vehicle sales this year as it expands into new markets.Nhac Nguyen | Afp | Getty ImagesVietnamese electric vehicle, or EV, maker VinFast on Thursday...

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Rivian stock falls as EV maker reports fourth-quarter results, announces 10% job cuts

A Rivian showroom in New York, US, on Tuesday, Jan. 2, 2024. Yuki Iwamura | Bloomberg | Getty ImagesRivian said on Wednesday it would cut its workforce by 10% and forecast EV production this year that widely missed estimates, hurt by downtime for factory upgrades and slowing demand for electric...

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