Emerson Electric to sell remaining stake in Copeland joint venture for $3.5 billion, plans to use proceeds to reduce debt and focus on automation market.
G-III Apparel Group reported lower sales of $609.7 million and adjusted EPS of $0.12 for Q1 FY25. It also announced strategic partnership with AWWG and sees FY25 sales of $3.20 billion. G-III Apparel provided weak Q2 forecast.
Sprinklr reported lower Q1 FY25 results, with sales of $196.0M and adjusted EPS of $0.09 beating consensus. Co-CEO appointed and share buyback announced.
Vista Outdoor Inc. shares rise as MNC Capital raises offer to over $3.0 billion. The revised offer is over a 30% premium to the last closing price before MNC's initial offer.
Victoria's Secret reported Q1 FY24 results with a revenue decline of 3.4% and a 5% decrease in total comparable sales. CEO remains cautiously optimistic for future performance.
Analyst initiates coverage on Proto Labs with Overweight rating and $44.00 price target. Company well-positioned in growing digital manufacturing market.