By Michael Susin Superdry, the British clothing brand, has warned that its full-year performance is expected to suffer due to persistently challenging market conditions. This follows a drop in revenue for the first half of fiscal 2024 and news of the company's chief financial officer stepping down. Despite a 0.7% increase in shares to 17.0 pence at 0826, Superdry continues to … [Read more...] about Superdry Expects Full-Year Performance to be Impacted by Challenging Market Conditions
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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
Itron Stock Surges
Shares of Itron are soaring to a two-year high following the company's impressive fourth-quarter performance and optimistic first-quarter guidance that exceeded analyst expectations. Stock Performance The stock surged by 25% to $93.32 in premarket trading, marking a significant increase after remaining relatively flat year-to-date up until last week's market … [Read more...] about Itron Stock Surges
Lowe’s Fourth-Quarter Results
Lowe’s Cos. Inc. fell slightly short of its full-year outlook in its latest financial report, but its stock showed a slight increase in premarket trading. The company recorded net earnings of $1.0 billion for the fiscal fourth-quarter, translating to $1.77 per share, up from $957 million, or $1.58 per share, in the same period a year ago. Adjusted earnings per share came in at … [Read more...] about Lowe’s Fourth-Quarter Results
Winnebago Industries Inc.’s Stock Falls After First-Quarter Miss
Recreational vehicle maker reports drop in earnings and revenue Winnebago Industries Inc.'s stock (WGO, +2.78%) experienced a 1.4% decline in premarket trading on Wednesday following disappointing first-quarter financial results. The company's profit fell short of the FactSet consensus estimate, while its revenue surpassed expectations. Earnings and Revenue Decline During the … [Read more...] about Winnebago Industries Inc.’s Stock Falls After First-Quarter Miss
