JD Sports Fashion sees 2023 profit at the higher end of expectations after stronger Christmas sales
JD Sports Fashion PLC said Wednesday that it expects to report fiscal 2023 adjusted pretax profit toward the top end of market expectations after it booked a strong performance during the Christmas period. The sports-and-fashion retailer JD, +6.42% said that for the fiscal year ending Jan. 28 it expects to report adjusted pretax profit in […]
The holiday PC market stunk for everyone except Apple, report says
A sharp drop in global shipments of personal computers in the holiday quarter wrapped up a year of such declines, but Apple Inc. reportedly suffered the least. Global PC shipments fell 28.1% to 67.2 million units in the fourth quarter from a year ago, research firm International Data Group reported Tuesday. All manufacturers except for […]
Look for a big cut to TSMC’s 2023 outlook as a bullish sign for chips, one analyst says ahead of earnings
The best thing Taiwan Semiconductor Manufacturing Co. can do in its earnings report Thursday is to cut its outlook for 2023 big, indicating a bottoming in the first half of the year, according to one analyst Monday. TSMC TSM, +3.87% is scheduled to report fourth-quarter earnings on Thursday at 1 a.m. Eastern Time. Needham analyst […]
Macy’s stock slides as holiday lulls weigh on sales forecast and execs predict difficulties into 2023
Shares of Macy’s Inc. slid as much as 8% in after-hours trading on Friday after the department-store chain gave a more downbeat forecast on its fourth-quarter sales, with management citing big “lulls” in the holiday-shopping season and saying customers would likely feel the squeeze from inflation into next year. The chain issued the sales and […]
Beer Sales Drop as Consumers Balk at Higher Prices
BusinessU.S. demand for beer fell at the end of last year after a strong run of defying inflation Source link
FedEx stock tanks after company withdraws outlook, says year is about to get worse
FedEx Corp. shares fell nearly 17% in the extended session Thursday after the logistics company pulled its outlook for the year, called for significantly lower quarterly profit and lower revenue, and said that fiscal 2023 is about to become worse. FedEx FDX, -0.07% said fiscal first quarter was hit by lower volumes globally, a trend […]