Revenue in the second quarter doubled from $6.7 billion a year earlier and increased 88% from the prior period.
Schlagwort-Archiv: Markets
Higher interest rates, inflation push Gen Z investors to trade stocks on emotion. That may be bad, experts say
It’s the first time young investors have experienced high interest rates and inflation — and 87% have traded stocks as a result this year, a survey found.
Stocks making the biggest moves premarket: Nvidia, Foot Locker, Safehold, Kohl’s and more
These are the stocks posting the largest moves in premarket trading.
Stocks making the biggest moves midday: Dick’s Sporting Goods, Macy’s, Charles Schwab and more
These are the stocks posting the largest moves in midday trading.
Abercrombie & Fitch shares soar more than 15% as retailer blows past earnings estimates, raises guidance
Abercrombie & Fitch has posted strong sales, even as other retailers see a weaker and choosier consumer.
Peloton shares drop 23% after posting wider-than-expected loss, falling sales due to Bike recall, seasonality
Peloton’s shares plunged 23% after the company posted a wider-than-expected loss and churn that it blamed on its Bike seat recall and seasonality.
Foot Locker shares plunge more than 30% as it slashes guidance and blames ‚consumer softness‘
Athletic apparel retailer Foot Locker reported another quarterly sales decline and missed revenue expectations as consumers continue to pull back from shoes.
Stocks making the biggest moves premarket: Dick’s Sporting Goods, Fabrinet, Macy’s, AppLovin and more
These are the stocks posting the largest moves in early trading.
U.S. Commerce secretary set to visit China next week as high-level talks continue
U.S. Secretary of Commerce Gina Raimondo is set to visit China from Aug. 27 to 30, both countries announced Tuesday.
China’s Baidu reports 15% revenue growth, beating expectations
Chinese tech company Baidu reported better-than-expected revenue, up by 15% year-on-year in the second quarter.