EPAM Systems Faces Rough Waters Ahead; Stock Tanks
EPAM Systems, shares drop after reporting Q1 FY24 results. Sales declined to $1.17B, beating estimates. Adjusted EPS of $2.46 beat consensus.
Fashion Giant Tapestry Trims FY24 Revenue Outlook Amid Mixed Bag Of Q3 Earnings
apestry Inc reports third-quarter FY24 results, with sales at $1.48 billion, slightly below estimates. Adjusted EPS beats expectations at $0.81, showcasing resilience amid challenges. Despite a 2% sales dip, gross profit rises 1% Y/Y, highlighting operational strength.
What’s Going On With Beyond Meat Shares Thursday?
Beyond Meat shares are down in premarket trading following disappointing first-quarter financial results, including an 18% year-over-year revenue decrease and a decrease in gross profit, amidst ongoing challenges such as declining revenue and significant cash burn.
Spotify Vs. Apple Heads Back To EU Regulator’s Court After iPhone Maker Keeps Blocking In-App Pricing Information Updates
Spotify intensifies legal battle with Apple in EU over music streaming app policy, with Commission considering another investigation.
Chinese EV Startup Nio’s Stock Jumps Premarket Amid Weak Stock Futures: What’s Going On?
The premium EV manufacturer confirmed on Thursday that its subsidiary brand "ONVO" will make its global debut on May 15.
Wall Street Stares At Weaker Open On Rate Anxiety, Hopes For Better Earnings: Analyst Pencils Key S&P 500 Support Level
Trading in U.S. index futures suggests stocks may be off to a lackluster start again on Thursday.
Occidental’s CrownRock Deal Delayed But Sees Permian Basin Production Boost
Occidental Petroleum Corporation ) expects to close acquisition of CrownRock LP in Q3 FY24. CEO anticipates no hurdles from regulators.
Apple’s Unionized Maryland Store On Brink Of Strike Amid Union Talks: Report
Apple Retail Store Workers in Towson, MD, Vote on Strike Amid Negotiations: Unionized employees at Apple Inc.'s Towson store gear up for a crucial vote this Saturday, potentially authorizing a strike. Detailed plans distributed by the Machinists union highlight impending negotiations with Apple, raising stakes for fair pay and benefits.
Elon Musk Breaks Ranks With GOP By Praising Genetic Engineering Tech That Helped Fight COVID-19: ‘Digital Medicine With Incredible Potential’
Elon Musk has come off as a flagbearer of the mRNA technology, which is seen holding out a lot of promise by scientists.
Apple’s New iPad Ad Draws Fierce Backlash From Creator Community As It Allegedly ‘Celebrates Destruction’
A new advertisement by Apple Inc has sparked a significant backlash. The ad, which was unveiled during the launch of the new iPad, has been criticized for its portrayal of creative tools being crushed and replaced by the new iPad.