Shoes are offered for sale at an Adidas store in Chicago, Feb. 10, 2023.Scott Olson | Getty ImagesAdidas on Tuesday hiked its full-year guidance and posted stronger-than-expected third-quarter earnings, aided by sales of its Yeezy inventory.The German sportswear giant, in a surprise preliminary estimates release, projected a full-year operating...
Check out the companies making headlines after the bell . United Airlines — The airline stock slumped more than 4% in extended trading after warning that heightened fuel costs and a halt in Tel Aviv flights amid the Israel-Hamas war would hit current-quarter profits. United Airlines said it expects...
MGM Resorts International's MGM Grand Detroit hotel stands in Detroit on Oct. 30, 2013.Bryan Mitchell | Bloomberg | Getty ImagesAuto workers aren't the only ones on strike in Detroit. Thousands of casino workers, seeking higher wages and better working conditions, walked off the job in the city Tuesday. Casino...
Boeing 787-10 Dreamliner, from United Airlines company, taking off from Barcelona airport, in Barcelona on 28th March 2023. JanValls | Nurphoto | Getty ImagesUnited Airlines said more expensive jet fuel and a halt to the carrier's Tel Aviv flights during the Israel-Hamas war will eat into its profits in the...
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan.Steve Fecht for ChevroletDETROIT – General Motors said Tuesday it is delaying production of all-electric trucks at a Michigan plant by...
Check out the companies making headlines in midday trading. Lockheed Martin — The defense company gained about 0.6% after it reported third-quarter results that beat expectations. The company posted $6.73 in earnings per share on $16.88 billion in revenue. Analysts surveyed by LSEG, formerly known as Refinitiv, had forecast...
A shopper passes in front of a North Face store at the Easton Town Center mall in Columbus, Ohio, on Jan. 7, 2021.Luke Sharrett | Bloomberg | Getty ImagesActivist investment firm Engaged Capital has taken a stake in VF Corporation, owner of Vans and The North Face brands, and...
Activist investment firm Starboard Value is pushing for change at News Corp. – in particular to see its real estate business separated from the rest of the company.Starboard CEO Jeffrey Smith told CNBC's David Faber on Tuesday that the firm is building a position in News Corp. and has...
Tupperware products are offered for sale at a retail store on April 10, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesTupperware on Tuesday appointed Laurie Ann Goldman as its new CEO and shook up its board as the iconic brand tries to overcome its recent struggles.Shares of Tupperware surged...
A Lucid showroom in New York City on Aug 19th, 2023.Adam Jeffery | CNBCLuxury electric vehicle maker Lucid Group said Tuesday that it delivered 1,457 of its Air sedans to customers in the third quarter, a number that is unlikely to reassure investors worried about demand for the posh...