Global Layoffs and Increase in Sales Levi Strauss, the San Francisco-based jeans maker, has announced a two-year restructuring plan that includes global layoffs. This initiative comes as the company reported an increase in sales during the fourth quarter, driven by a return to growth in the Americas. To boost global productivity, Levi Strauss plans to reduce its global … [Read more...] about Levi Strauss Implements Restructuring Plan, Reports Fourth Quarter Sales Increase
fourth quarter
PayPal Reports Increase in Revenue for Fourth Quarter
PayPal has announced a rise in revenue for the fourth quarter, driven by higher payment volumes across its platform and Venmo. The digital payments company reported a profit of $1.4 billion, or $1.29 a share, compared to $921 million, or 81 cents a share, for the same period in the previous year. After excluding one-time items, earnings per share came in at $1.48, which … [Read more...] about PayPal Reports Increase in Revenue for Fourth Quarter
LSI Industries Reports Strong Fourth-Quarter Earnings
LSI Industries, a leading lighting manufacturer, has exceeded analysts' expectations with its impressive fourth-quarter earnings. The company's shares saw a significant increase of 20% to $15.32 following this positive news. In the fourth quarter, LSI Industries recorded earnings of $8.4 million, or 28 cents per share, compared to $5.2 million, or 18 cents per share, during the … [Read more...] about LSI Industries Reports Strong Fourth-Quarter Earnings
