The all-electric Porsche Taycan Turbo. Source: Porsche AG Luxury automaker Porsche AG issued an ambitious long-term outlook of more than 20% of return on sales, after posting record 2022 earnings on Monday on the back of higher deliveries. The carmaker said its operating profit rose by 27% to 6.77 billion euros ($7.23 billion) last year,
Earnings
A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Footwear retailer Allbirds on Thursday unveiled a broad overhaul of its strategy and an executive shake-up after failing to post year-over-year quarterly sales growth for the first time in
In this article GPS Follow your favorite stocksCREATE FREE ACCOUNT People walk by the Gap retail store in Century City on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty Images Gap reported disappointing holiday-quarter results Thursday and announced a series of executive changes as the struggling retailer continues to search for a
Safra Catz, Oracle’s CEO and then one of Oracle’s two co-CEOs, smiles during Oracle’s OpenWorld conference in San Francisco on, Sept. 20, 2016. David Paul Morris | Bloomberg | Getty Images Oracle shares dropped nearly 5% after the enterprise tech giant reported its financial results for its 2023 fiscal third quarter. Here’s how the company
Sea Limited’s e-commerce arm, Shopee, turned positive adjusted EBITDA for the first time in the fourth quarter of 2022. The group also posted its first-ever positive net income in the quarter. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Singapore-based Sea Limited closed more than 20% higher on Tuesday after the tech giant
“The numbers speak for themselves. We are currently not performing the way we should”, Adidas CEO Bjørn Gulden said in a press release. Jeremy Moeller / Contributor / Getty Images Adidas on Wednesday reported a big fourth-quarter loss and slashed its dividend after the costly termination of its partnership with Kanye West’s Yeezy brand in
In this article DKS Follow your favorite stocksCREATE FREE ACCOUNT A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Spencer Platt | Getty Images Dick’s Sporting Goods on Tuesday reported holiday quarter results that beat Wall Street’s expectations, citing a sales boost from the gift-giving season even
In this article PSNY Follow your favorite stocksCREATE FREE ACCOUNT Polestar 3 Courtesy: Polestar Swedish electric vehicle maker Polestar cut its annual net losses in half last year, while revenue surged and it attempted to set itself apart from other EV startups. The company on Thursday reported an 84% increase in revenue for 2022 to
In this article M Follow your favorite stocksCREATE FREE ACCOUNT People wait in line to enter Macy’s department store during Black Friday in New York City on November 25, 2022. Yuki Iwamura | AFP | Getty Images Macy’s shares jumped Thursday, as the company said it drew holiday shoppers looking for gifts and held the
In this article BBY Follow your favorite stocksCREATE FREE ACCOUNT Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois. Scott Olson | Getty Images Best Buy on Thursday reported holiday-quarter earnings and revenue that topped Wall Street’s expectations, as waning demand for consumer electronics wasn’t as bad as feared. Still,
In this article JWN Follow your favorite stocksCREATE FREE ACCOUNT Miami, Florida, Coral Gables Shops at Merrick Park, Nordstrom Department Store with shopper entering. Jeff Greenberg | Universal Images Group | Getty Images Nordstrom on Thursday reported lower sales and profits for the holiday quarter, although earnings topped Wall Street’s expectations. The company said it
In this article CRM Follow your favorite stocksCREATE FREE ACCOUNT Salesforce shares soared 16% in extended trading on Wednesday after the cloud software maker beat Wall Street estimates on profit and issued a better-than-expected forecast. Here’s how the company did: Earnings: $1.68 per share, adjusted, vs. $1.36 per share as expected by analysts, according to