Breaking News
Nov 21, 2022
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Zoom reported Q3 revenue rose 5% to $1.1 billion and net income plunged to $48 million or 16 cents a share from $340 million or $1.111 a year ago.
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Urban Outfitters Q3 sales rose 3.9% to $1.17 billion, net income plunged to $37 million or 40 cents a share from $89 million or 89 cents a year ago.
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Anthropologie and Free People brands comparable sales strength supported the third quarter results of Urban Outfitters.
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Dell Technologies said Q3 revenue fell 6% to $24.7 billion and net income plunged 93% to $241 million or 33 cents a share.
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Target stock plunged 15% after the retailer said third quarter earnings fell, lowered its fourth quarter outlook and estimated weak holiday sales.
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Carnival Corp dropped 12% after the cruise operators said it plans to offer $1 billion of convertible debt as part of its debt refinancing plan.
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Lowe's Companies lifted its full-year earnings outlook and said U.S. comparable sales rose 3%.
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Advance Auto Parts plunged 10% after the retailer reported mixed quarterly results and reiterated weak annual outlook.
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Retail sales, unadjusted for inflation, rose 1.3% in October from September and 8.3% from a year ago, on a rebound in auto and gasoline sales.
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The UK consumer price inflation index accelerated in October to 11.1% from 10.1% in September to a record 41-year high.
Nov 16, 2022