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...
MariBank, Singapore tech giant Sea Group's digital bank, has launched in Singapore to select members of the public as it rolls out its services progressively.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesSoutheast Asian tech giant Sea Limited on Monday posted its first profitable year amid efforts to...
Supply chain disruptions are causing a production backlog at the world's largest truckmaker, Daimler Trucks.Bloomberg | Getty ImagesShares of Daimler Truck hit a fresh all-time high Friday, spiking more than 13.5% in early deals, after posting record full-year profit and announcing a 2 billion euro ($2.16 billion) share buyback...
Matthew Busch | Bloomberg | Getty ImagesShares of Dell Technologies popped more than 15% during extended trading Thursday after the company released fourth-quarter results that beat analysts' estimates and showed strong demand for its artificial intelligence servers.Here's how the company did:Earnings per share: $2.20 adjusted vs. $1.73 expected by...
Employee Mo Soto arranges a shelf at a Birkenstock store on October 10, 2023 in Venice, California. Ethan Swope | Getty ImagesBirkenstock on Thursday beat holiday quarter revenue expectations, reporting a 26% year-on-year jump, as the German sandal company benefited from higher pricing and rising U.S. demand.Here's how the shoemaker...
A view of iQiyi's website featuring a variety TV show, taken on Tuesday, Aug. 22, 2023.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese video content and streaming company iQiyi CFO Wang Jun said he is "excited" about potential new business opportunities with the emergence of OpenAI's text-to-video tool Sora.Speaking...