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
Earnings
Oracle recently reported its quarterly earnings, surpassing Wall Street’s expectations and resulting in a 13% increase in shares during extended trading. The company’s performance in the fiscal third quarter ending February 29 outperformed estimates by LSEG. Oracle reported adjusted earnings per share of $1.41, compared to the expected $1.38. Additionally, the company’s revenue reached $13.28
The shares of Teleperformance took a significant hit, dropping by 20% after the company failed to meet its full-year revenue target. This decline was attributed to concerns about the “volatile economic environment” and the potential impact of artificial intelligence on the company’s business model. With companies increasingly turning to AI to enhance their operations, investors
Foot Locker, a well-known sneaker retailer, has been facing significant challenges in its financial performance recently. The company reported a loss in the holiday quarter, which led to a decline in its shares. Additionally, Foot Locker issued weak guidance for the current year, signaling that it is behind on meeting its financial goals. The company’s
Sea Limited, one of the major tech giants in Southeast Asia, recently announced its first profitable year, marking a significant turning point for the company. In 2023, the company reported a net income of $162.7 million, a stark contrast to the net loss of $1.7 billion in the previous year. Despite a net loss of