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Foot Locker, JD.com, Gap and others

CFO News Room

The apparel and footwear retailer also raised its full-year forecast and reported an unexpected rise in comparable store sales. in premarket trading after an unexpected return to profitability and better-than-expected sales. Williams-Sonoma reported better-than-expected sales and profit for its latest quarter. in the premarket.

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Stocks moving big midday: PTON, AMD, SNAP

CFO News Room

The retailer could see upside to expected profit in 2024 and 2025 as its strategic plan takes shape, according to the firm. The company’s fiscal second-quarter revenue topped analysts’ forecasts, according to Refinitiv. Peloton’s net loss was also the narrowest since the fiscal fourth quarter of 2021.

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Netflix, Coinbase, Alphabet, SVB Financial & more

CFO News Room

The manufacturer reported adjusted earnings of $1.59 Capital One — Capital One shares gained 5.6%, recovering their losses from the previous session. The Wall Street firm said PagerDuty is poised for a pivot to profitability. Analysts polled by StreetAccount were forecasting earnings of $3.33 per share on $20.77

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Uber, Abiomed, Peloton, Carvana, Molson Coors and more

CFO News Room

SoFi – The fintech company jumped 10% on the back of a smaller-than-expected quarterly loss and revenue that exceeded analysts’ forecasts. Eli Lilly – The drug manufacturer dropped 4.8% after it cut its full-year forecast, citing the stronger dollar and increased competition. billion forecast. Source link.

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1st Quarter 2024 Economic And Market Outlook: Potential Increased Volatility, Threats To Economic Growth, And Equity Markets

Nerd's Eye View

As has been the case for the past several quarters, the prevailing characteristic of the economy is one of bifurcation, with interest rate-sensitive sectors remaining in a recession (as evidenced by the manufacturing sector's 16-month-long contraction), while the services sector (which accounts for nearly 80% of U.S. GDP) continues to expand.

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Global Car Makers Skid Deep Into Red In Second Quarter

PYMNTS

The worldwide COVID-19 economic crash has sent major automakers’ revenues and profits plunging over a cliff. For its part, Germany’s Volkswagen said on Thursday (July 30) that it had a net loss of $1.9 billion profit in the same time period in 2019, according to The Wall Street Journal. suffered losses as well.

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For Manufacturers, Cash Management Is In Their Hands

PYMNTS

A recent research report by the firm explores how these professionals in the manufacturing sector are approaching the issue. Inventory management, researchers said, is a particularly big missed opportunity for manufacturing firms to realize the power internal functions have on cash management.