The Porsche Mission X on display at the IAA Mobility 2023 show in Munich, Germany.Arjun Kharpal | CNBCPorsche on Tuesday warned that profitability will decline this year as it launches new models amid tough economic conditions, but hiked its dividend on the back of a rise in 2023 operating...
Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018.David Paul Morris | Bloomberg | Getty ImagesOracle reported quarterly earnings on Monday that exceeded Wall Street's expectations. The shares rose over 10% in extended trading.Here's how the...
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...
Mandel Ngan | Afp | Getty ImagesCostco on Thursday missed Wall Street's revenue expectations for its holiday quarter, despite reporting year-over-year sales growth and strong e-commerce gains.Shares of the retailer fell about 4% in aftermarket trading. The retailer's stock had hit a 52-week high earlier in the day.The company...
American Eagle on Thursday announced a new strategy to boost profitable growth over the next three years, as the retailer said it wrote off $94 million in impairment charges related to its internal logistics business Quiet Platform.The company also reported holiday earnings that beat Wall Street's expectations thanks to...
Maskot | Digitalvision | Getty ImagesShares of Teleperformance plunged 20% on Thursday, after the French call center and office services group missed its full-year revenue target and flagged a "volatile economic environment."Investors have been spooked by the potential impact of artificial intelligence on its business model, as companies become...
Mannequins display men's suits inside a Hugo Boss showroom.Bloomberg | Bloomberg | Getty ImagesShares of Hugo Boss plunged 18%, before paring losses slightly Thursday, after warning that it may fail to meet its 2025 sales target amid weakening consumer demand.The German high-end fashion brand was on course for its...
The Foot Locker logo is displayed in a store on May 19, 2023 in San Francisco, California. Justin Sullivan | Getty ImagesShares of Foot Locker fell in premarket trading Wednesday after the sneaker retailer reported a holiday-quarter loss and issued weak guidance for the current year.Here's how the company did...
George Kurtz, co-founder and chief executive officer of Crowdstrike Holdings Inc., during a Bloomberg Technology television interview at the RSA Conference in San Francisco, California, US, on Wednesday, April 26, 2023.David Paul Morris | Bloomberg | Getty ImagesCrowdStrike shares surged as much as 21% in after-hours trading Tuesday, after...