Nike first fiscal quarter revenue was up 4% to $12.69 billion, beating estimates. Nike net income was down 22% to $1.5 billion. The sneaker giant…
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September 30 at 11:00 am
September 29 at 7:31 am
Bed Bath & Beyond reports 28% drop in sales as it presses ahead with turnaround plan
Bed Bath & Beyond reported a 28% drop in quarterly sales and a wider-than-projected loss. The results came from the three-month period before the struggling…
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September 28 at 3:00 am
Lego sales jump 17% in first half of 2022, boosted by Star Wars and Harry Potter sets
Lego revenue jumped 17% during the first six months of 2022, reaching $27 billion Danish krone, or about $3.5 billion. Top building sets included models…
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September 26 at 5:15 am
Oil Traders, Pick Your Poison: $70 Or $90 Next For U.S. Crude?
New York-traded West Texas Intermediate crude plunged 7.5% last week, losing its most since the final week of July.For September, thus far, WTI has given…
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September 22 at 4:25 pm
FedEx hikes package rates, details cost cutting as demand weakens globally
The company said that its Express, Ground and Home Delivery rates will increase by an average of 6.9%. For its fiscal 2023, the company expects…
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September 22 at 7:34 am
Olive Garden parent Darden stands by outlook after mixed quarterly results
Darden Restaurants said same-store sales increased 4.2% in the quarter. CEO Rick Cardenas said Darden saw seasonal changes to demand return to the business. The…
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September 15 at 4:31 pm
FedEx moves to cut costs, withdraws 2023 guidance after first-quarter shipments disappoint
FedEx withdrew its full-year guidance and announced significant cost-cutting measures following what it called softness in global volume of shipments. The company will close 90…
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September 12 at 9:04 pm
Oracle reports 18% revenue growth after Cerner deal closes
Oracle came up short on profit, but its revenue met expectations. The company closed its $28 billion acquisition of health data software maker Cerner in…
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September 08 at 7:44 am
GameStop reports wider loss, announces partnership with crypto exchange FTX
GameStop said quarterly sales declined and losses widened, as its cash pile shrank and inventory swelled. The company also disclosed a new partnership with crypto…
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September 07 at 6:46 am
Nio reports wider second-quarter loss despite increase in EV shipments
Chinese electric vehicle maker Nio lost $409.8 million in the second quarter, representing significantly widening losses. The company’s vehicles deliveries surpassed year-ago levels and exceeded…
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September 01 at 4:36 pm
Lululemon boosts outlook as earnings and sales easily beat expectations
Lululemon reported earnings that beat Wall Street’s expectations, even as consumers grapple with high inflation. The company reported adjusted earnings per share of $2.20 and…
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August 31 at 10:20 am
Fintech firm Klarna’s losses triple after aggressive U.S. expansion and mass layoffs
Klarna reported a pre-tax loss of nearly 6.2 billion Swedish krona in the first half of 2022, up from 1.8 billion krona in the same…
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