Shopify Shares Soar as Revenue Outlook Beats Estimates
Shares surged after the company's third-quarter revenue outlook beat expectations, strengthening the view that it faces limited disruption from AI.
finance
Financial Markets
Coty tops 1Q profit forecasts
Coty Inc. on Thursday reported fiscal first-quarter net income of $125.7 million. The results exceeded Wall Street expectations.
Coty tops 1Q profit forecasts
Coty Inc. on Thursday reported fiscal first-quarter net income of $125.7 million. The results exceeded Wall Street expectations.
Financial Markets
Adidas Raises 2015 Forecasts as Profit Beats Analysts’ Estimates
Adidas AG reported third-quarter earnings that topped analysts’ estimates as the German sportswear maker sold more sneakers in western Europe and China.
Adidas Raises 2015 Forecasts as Profit Beats Analysts’ Estimates
Adidas AG reported third-quarter earnings that topped analysts’ estimates as the German sportswear maker sold more sneakers in western Europe and China.
Financial Markets
Elizabeth Arden Reports 1Q Loss
Elizabeth Arden Inc. on Wednesday reported a loss of $15.9 million in its fiscal first quarter. The results fell short of Wall Street expectations.
Elizabeth Arden Reports 1Q Loss
Elizabeth Arden Inc. on Wednesday reported a loss of $15.9 million in its fiscal first quarter. The results fell short of Wall Street expectations.
Financial Markets
Michael Kors Profit Tops Estimates as New Stores Boost Sales
Michael Kors Holdings Ltd. posted second-quarter profit that topped analysts’ estimates as new stores boosted sales.
Michael Kors Profit Tops Estimates as New Stores Boost Sales
Michael Kors Holdings Ltd. posted second-quarter profit that topped analysts’ estimates as new stores boosted sales.
Financial Markets
Avon Products’ Shares Tumble After Unexpected Third-Quarter Loss
Avon Products Inc. fell in early trading after posting an unexpected third-quarter loss, hurt by the strong dollar and a new tax in Brazil.
Avon Products’ Shares Tumble After Unexpected Third-Quarter Loss
Avon Products Inc. fell in early trading after posting an unexpected third-quarter loss, hurt by the strong dollar and a new tax in Brazil.
Financial Markets
Revlon Posts 3Q Profit
Revlon Inc. on Wednesday reported third-quarter profit of $6.2 million.
Revlon Posts 3Q Profit
Revlon Inc. on Wednesday reported third-quarter profit of $6.2 million.
Financial Markets
Etsy Third-Quarter Sales Miss Estimates as Competitors Move In
Etsy Inc. reported third-quarter revenue that fell short of analysts’ estimates, signaling that the online marketplace is struggling to accelerate growth amid increased competition.
Etsy Third-Quarter Sales Miss Estimates as Competitors Move In
Etsy Inc. reported third-quarter revenue that fell short of analysts’ estimates, signaling that the online marketplace is struggling to accelerate growth amid increased competition.
Financial Markets
Luxury Market Heading for Weakest Year Since Lehman Crash
The global market for personal luxury goods is heading for its weakest year since 2009 as a combination of stock market turmoil, a strong dollar and a commodity-price rout curb demand.
Luxury Market Heading for Weakest Year Since Lehman Crash
The global market for personal luxury goods is heading for its weakest year since 2009 as a combination of stock market turmoil, a strong dollar and a commodity-price rout curb demand.
Financial Markets
Alibaba Revenue Surges on Mobile Growth
Alibaba's second-quarter net income topped expectations as revenue surged on mobile growth.
Alibaba Revenue Surges on Mobile Growth
Alibaba's second-quarter net income topped expectations as revenue surged on mobile growth.
Financial Markets
Coach Profit Exceeds Estimates as New Styles at Full Price Boost
Coach Inc. posted first-quarter profit that topped analysts’ estimates as new styles and fewer discounts boosted results.
Coach Profit Exceeds Estimates as New Styles at Full Price Boost
Coach Inc. posted first-quarter profit that topped analysts’ estimates as new styles and fewer discounts boosted results.
Financial Markets
VF Corp. Shares Plummet After Company Reduces Forecast
VF Corp., the clothing company that owns the North Face and Nautica brands, suffered its worst stock decline since 1987 after cutting its profit forecast.
VF Corp. Shares Plummet After Company Reduces Forecast
VF Corp., the clothing company that owns the North Face and Nautica brands, suffered its worst stock decline since 1987 after cutting its profit forecast.
Financial Markets
P&G Sees Organic Sales Recovering from Current Quarter
Procter & Gamble Co reported a better-than-expected quarterly profit and said it expected growth in organic sales in the current quarter, as its turnaround efforts begin to pay off.
P&G Sees Organic Sales Recovering from Current Quarter
Procter & Gamble Co reported a better-than-expected quarterly profit and said it expected growth in organic sales in the current quarter, as its turnaround efforts begin to pay off.
The News in Brief
Next Upgrades Profit Outlook Again on Strong Summer Spending
The UK retailer said it benefited from sunny weather and the release of some “pent-up demand” in the Middle East and northern Europe.
Shiseido’s Profits Recover in First Half Amid Turnaround
Growth turned positive in the second quarter, driven by key regions like the Americas, as the Japanese giant executes its yearlong restructuring plan.
Amazon Loses US Court Ban on Perplexity’s AI Shopping Tools
The ruling is the first by a federal appeals court to address whether AI agents acting on behalf of users can legally access online platforms.
Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.