Foxconn, one of the leading manufacturers of the Apple iPhone, recently reported a 9.6% dip in revenue for the first quarter of 2024. This decline, compared to the same period last year, raised concerns among investors and economists alike. The company’s first-quarter revenue of 1.32 trillion New Taiwan dollars ($41.2 billion) was also significantly lower,
Earnings
ClearBank, a prominent British financial technology firm, has recently achieved a significant milestone by securing its first full year of profit. This accomplishment comes as a result of a 91% increase in revenues, largely due to higher interest rates that have driven substantial growth in its operations. The company’s journey to profitability has been marked
Walgreens recently released its fiscal second-quarter report, showcasing a mixed bag of results. While the company reported sales that surpassed analyst expectations, it lowered the high end of its full-year adjusted earnings outlook. A challenging retail environment in the U.S. was cited as a key factor contributing to this adjustment. The sizable net loss incurred
The recent surge in H&M’s shares by 14% following the release of its first quarter results highlights the company’s ability to surpass profit expectations. With an operating profit of 2.08 billion Swedish kronor, exceeding the forecasted 1.43 billion kronor, H&M showcased a significant improvement in its operating margin, which rose from 1.3% to 3.9%. Despite
Nike’s latest financial report for the holiday quarter of 2023 shows a mixed bag. While the retailer exceeded Wall Street’s expectations on both revenue and earnings per share, its overall performance is not without areas of concern. The company recorded a net income of $1.17 billion, or 77 cents per share, which is a notable
Micron, a key player in the semiconductor industry, experienced a significant surge in its stock price, jumping more than 14% in after-hours trading following the release of its second-quarter fiscal 2024 results. The company outperformed analysts’ expectations and provided optimistic guidance for the future. One of the standout figures from Micron’s second-quarter results was its
Vonovia, a German property giant, experienced a significant drop in shares by more than 7% on Friday, highlighting the deepening real estate crisis in Europe’s largest economy. The company reported an annual loss of 6.76 billion euros in 2023, which was a drastic increase from the 669.4 million euro loss reported the previous year. This
Dick’s Sporting Goods recently announced a 10% increase in its dividend as the company achieved its largest sales quarter ever and projected continued growth for the upcoming year. Despite the benefit of an additional week in fiscal 2023, the retailer managed to break records during its fourth quarter. The company’s earnings per share of $3.85
Adidas, the German sportswear brand, recently warned of a sales decline in its overstocked North American market in 2024. The company is currently selling off its remaining Yeezy inventory, which has been a significant source of revenue in the past. Currency-neutral sales in North America are expected to decline at a mid-single-digit rate in 2024.
The chief executive of Denmark’s Lego recently discussed the struggles faced by the world’s largest toymaker in the previous year. Despite the challenges, Lego reported a 2% increase in revenue in 2023, reaching 65.9 billion Danish krone (approximately $9.65 billion). CEO Niels Christiansen acknowledged that it was a difficult year for the company, but highlighted
