Shoppers carry Zara bags on Fifth Avenue in New York, on Saturday, May 22, 2021.Victor J. Blue | Bloomberg | Getty ImagesZara owner Inditex on Wednesday beat expectations with a 40% jump in half-year net profit despite the world's biggest fast fashion company slowing the pace of its price...
Larry Ellison, Oracle's chairman and technology chief, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019.Justin Sullivan | Getty ImagesOracle shares moved 9% lower in extended trading on Monday after the database software maker disclosed revenue and revenue guidance that were lighter than expected.Here's how...
Swedish buy now, pay later firm Klarna reduced its losses by roughly 67% in the first half of 2023, as the company dramatically cut costs in a bid toward profitability.The company reported overall net operating income of 9.2 billion Swedish krona ($843.5 million), up 21% year-over-year. Failing to record...
General view of the UBS building in Manhattan on June 5, 2023 in New York City.Eduardo Munoz Alvarez | View Press | Corbis News | Getty ImagesUBS shares reached their highest point since late 2008 during early trade in Zurich on Thursday, after the Swiss banking giant posted a...
Salesforce CEO Marc Benioff walks with other attendees as they leave a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 12, 2023.Kevin Dietsch | Getty Images News | Getty ImagesSalesforce shares jumped 6% in extended trading on Wednesday after the cloud...
Enrique Lores, CEO, HPScott Mlyn | CNBCShares of HP fell more than 8% Wednesday morning after the printer and PC-maker released fiscal third quarter earnings that underwhelmed Wall Street.HP reported $13.2 billion in revenue, down from the $13.37 billion expected by analysts, according to Refinitiv. Earnings per share came...
A BYD ATTO 3 is displayed during the British Motor Show at Farnborough International Exhibition Centre on August 17, 2023 in Farnborough, England.John Keeble | Getty Images News | Getty ImagesShares of Chinese automaker BYD listed in China jump more than 5% Tuesday, a day after posting a stellar...
The exterior of a Peloton store is seen on February 05, 2022 in Dusseldorf, Germany. Jeremy Moeller | Getty ImagesPeloton on Wednesday reported a wider-than-expected loss and a quarterly drop in new subscribers that it blamed on its recall of its Bike seat post and seasonality, sending shares plunging about...
Nvidia founder, President and CEO Jen-Hsun HuangGetty ImagesNvidia shares climbed 6% in extended trading on Wednesday after the chipmaker beat estimates for its fiscal second quarter and issued optimistic guidance for the current period.Here's how the company did in the quarter ending July 30: Earnings: $2.70 per share, adjusted,...
Australia's Transport Workers' Union have asked Qantas' CEO to resign over for "empty promises to frustrated passengers" and "announcing more tactics to silence workers and suppress wages."Phil Noble | ReutersAustralia's flagship carrier Qantas Airways reported a record annual profit on Thursday as demand for air travel continues to boom...