Breaking News
Feb 6, 2023
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Align Tech announced an accelerated stock repurchase of $250 million of its stock, a part of its $1.0 billion program announced in May 2021.
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Children's Place said revenue is expected to range between $454 million and $456 million, a fall between 10.2% and 10.6% from a year ago and LPS between $4.24 and $4.63 in the fourth quarter.
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Dell Technologies said in a regulatory filing that it plans to lay off about 5% of its staff as the company tackles falling sales of personal computers.
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ON Semi said fourth quarter sales increased 14% to record $2.1 billion and earnings rose to $604.3 million from $425.9 million and diluted EPS increased to $1.35 from 96 cents a year ago.
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Energizer said December sales fell 9.6% to $765.1 million and net income dropped to $49 million from $60 million and diluted earnings per share decreased to 68 cents from 83 cents a year ago.
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Tyson Foods said revenue in the December quarter increased 2.5% to $13.2 billion and net income plunged to $320 million from $1.1 billion and diluted EPS fell to 88 cents from $3.07 a year ago.
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Chegg, Inc said the fourth quarter revenue declined 1% to $205.2 million and net income dropped to $1.9 million from $24.3 million and diluted EPS fell to 1 cent from 15 cents a year ago.
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The U.S. economy added 517,000 net new jobs in January, the strongest gains since July and ahead of the monthly average of 417k in 2022 led by gains in hospitality and government workers returning.
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Qualcomm said revenue in the December quarter declined 12% to $9.5 billion and net income fell 34% to $2.2 billon and diluted EPS dropped to $1.98 from $2.98 a year ago.
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In the December quarter, Qualcomm returned $2.1 billion to stockholders, including $842 million, or 75 cents s share in dividends and $1.3 billion through repurchases of 11 million shares of stocks.
Feb 3, 2023