Tag: Revenue
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Lululemon shares jump as holiday quarter sales soar
A Lululemon sign is seen at a shopping mall in San Diego, California, November 23, 2022. Mike Blake | Reuters Lululemon reported strong holiday quarter sales on Tuesday, suggesting wealthier shoppers are still buying yoga pants and tops despite rising prices for essential goods. The company also issued optimistic guidance for the new fiscal year. […]
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Micron is reporting its biggest loss ever, but its stock gains, execs say, have reached stock trouble
Micron Technology Inc. reported its biggest quarterly loss ever due to a stock write-down of more than $1.4 billion on Tuesday, but shares held firm as executives suggested the memory market may be bottoming out. “We now believe that customer inventories have declined in several end markets and we see the balance between supply and […]
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Walgreens (WBA) Q2 earnings
A man walks near a Walgreens pharmacy in New York City on March 9, 2023. Leonardo Munoz | Corbis News | Getty Images Walgreens Boots Alliance said on Tuesday that quarterly profits fell more than 20%, due to sharply lower Covid vaccine volumes and test sales compared to last winter, when the surge in the […]
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The founder of the First Republic Bank earned a high salary, just like his relatives
First Republic Bank FRC -5.03% paid family members of founder James Herbert millions of dollars for work at the lender in recent years, including for advisory services related to interest rates and risk, according to public disclosures the bank made as part of annual filings. The bank paid Mr. Herbert, who was CEO before taking […]
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Ford’s EV business lost $2 billion by 2022, offset by fleet and legacy
The badge of an electric vehicle from Ford Motor Co. E-Transit at a presentation in Washington, DC, USA, on Wednesday, July 28, 2021. Al Drago | Bloomberg | Getty Images Ford Motor said Thursday that its electric vehicle business lost $2.1 billion on an operating basis last year, a loss more than offset by $10 […]
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Here’s one for the battered bulls: The second-largest sector in the S&P 500 is coming to life, says this strategist.
“It’s the first time in a long time that the FOMC has had to make a real decision,” said JonesTrading chief strategist Michael O’Rourke, one of a handful of people urging the Fed to pause. “Remember, this banking crisis is the result of banks not properly preparing for a rate hike cycle. Another increase in […]
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Nike (NKE) Q3 Earnings 2023
Nike beat Wall Street expectations for its fiscal third quarter earnings and revenue. The retailer is battling overstocking and weak sales in China as the region recovers from the Covid pandemic. Investors have been watching to see if Nike’s gross margins are improving from its direct-to-consumer channels. People in protective face masks walk past the […]