Breaking News
Dec 9, 2022
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RH said revenue in the fiscal third quarter fell to $869 million and income plunged to $99 million from $184 million and earnings per share fell to $3.88 from $5.88 a year ago.
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Credit Suisse said it already raised about half of Sfr 4 billion it plans to raise.
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Stocks on Wall Street trade higher and crude oil prices rebound 2% from a one-year low of $71.80 a barrel and the yield on 10-year U.S. Treasury notes inched up to 3.49%.
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Initial jobless claims increased to 230,000 and continuing claims rose 62,000 to 1.67 million for the week ending November 26, the U.S. Department of Labor said Thursday.
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The unleaded gasoline price at pump stations fell to $3.329 a gallon, below the $3.343 price a year ago despite geopolitical tensions in Europe and OPEC+ production cuts, AAA said Thursday.
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Ciena Corporation said revenue in the fiscal fourth quarter fell 6.8% to $971 million and net income plunged to $57.6 million from $103.5 million or 39 cents to from 66 cents a year ago.
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GameStop said fiscal third quarter revenue fell 8.5% to $1.18 billion and net loss shrank to $94.7 million from $105.4 million and diluted loss per share fell to 31 cents from 35 cents a year ago.
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Express, Inc said revenue in the fiscal third quarter declined 8% to $434.1 million and net loss increased to $34.4 million from $13.1 million or 50 cents per share from 90 cents a year ago.
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Ollie's Bargain said revenue in the fiscal third quarter increased 9% to $418 million and net income declined to $23.1 million from $23.2 million or 37 cents from 36 cents a year ago.
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Academy Sports said third quarter sales declined 6.2% to $1.49 billion and net income dropped 18.3% to $131.7 million from $161.3 million or $1.62 from $1.72 a diluted share a year ago.
Dec 8, 2022