Nike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it lowered its sales outlook. The stock fell...
Category: Earnings
British fintech Revolut hits record revenue, profit tumbles
Revolut’s logo displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images British fintech Revolut’s revenue rose 45% to a record 923 million pounds...
FedEx shares tumble 12% after weaker demand hit revenue outlook
A FedEx plane lands at Shanghai Pudong International Airport in Shanghai on April 27, 2023. Vcg | Visual China Group | Getty Images FedEx shares fell...
Abercrombie & Fitch raises outlook after quarterly sales surge 20%
Abercrombie & Fitch. Courtesy: Abercrombie & Fitch Abercrombie & Fitch on Tuesday blew past estimates as it posted a 20% jump in sales thanks to a strong...