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In light of its stellar performance and the resilience displayed in the face of challenges, Philips looks to uphold its commitment to creating enduring value and delivering sustainable impact in the long term. Philips, a prominent Dutch health technology company, has exceeded market expectations in its 2023 third-quarter performance, leading to
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Macy’s noted that Nike will return to its stores, starting from October this year. Macy’s Inc (NYSE: M), an American conglomerate holding company that engages in consumer goods, released its first-quarter earnings results on June 01. According to the announcement, Macy’s reported net sales of $4.98 billion during the first three
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Although Salesforce raised its earnings forecast for FY24, the revenue prediction remains intact. Salesforce Inc (NYSE: CRM) surpassed analyst expectations in its fiscal Q1 2024 financial performance, with earnings coming in at $1.69 per share. As earnings were about $0.08 higher than estimates, the software company also reported better-than-expected revenue for
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FedEx has hiked its 2023 earnings forecast as expenses have started reducing due to the cost-cutting initiative. Transport company FedEx (NYSE: FDX) has increased its expectation for 2023 earnings following the benefits it recorded from its cost-cutting initiative. The company said the cost-cutting measure addressed the continued demand weakness across
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German apparel giant Adidas suffered heavy losses for Q4 2022 and looks to rebuild its business model throughout 2023. Adidas AG recently released its Q4 2022 financial report, which revealed heavy losses sustained on several tiers. For the fourth quarter of last year, the German apparel giant suffered an operating loss of 724
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Dell announced that Sweet would retire as the chief financial officer at the end of Q2 and be replaced by Yvonne McGill. Dell Technologies Inc (NYSE: DELL) announced its Q4 and full-year fiscal 2023 financial results on March 2. According to the earnings announcement, the American multinational technology company reported a
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The Riot 2022 reports showed that the Bitcoin miner tripled its hashrate capacity to an all-time high of 9.7 EH/s. Bitcoin (BTC) mining company Riot Platforms recently released a full-year 2022 report on its financial and operational performance. For the period ended December 2022, the company raked in revenue of $259.2 million while
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According to Bumble CEO Whitney Wolfe Herd, the company’s Q4 and full-year 2022 performance strengthens confidence in “long-term opportunity.” Bumble Inc (NASDAQ: BMBL) recently announced its Q4 and full-year 2022 results, which showed a 19% increase in annual revenue. The dating app facilitator hauled in $903.5 million for the whole year, while
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Automotive corporation Stellantis targets global BEV sales of 5 million by 2030 following its commendable full-year results. Stellantis recently posted its full-year 2022 earnings results, which showed a 26% rise in net profit to a record 16.8 billion euros, or $17.9 billion. The multinational automotive manufacturing corporation also experienced a 41%
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