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Why Brazilian Oil Company Petrobras Stock Is Higher Today

By Lekha Gupta
May 28, 11:23 AM
Petrobras' new chief executive officer Magda Chambriard reportedly stated that a basin in Brazil's Equatorial Margin was a matter of "national interest." On Friday, Petrobras appointed Magda Chambriard as a member of the Board of Directors and elected her as the company's new CEO. She replaced prior CEO Jean Paul Prattes, who had resigned amid a dispute over dividend payments.

PBR

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2 minute read

Ralph Lauren’s Fashionable Finish To FY24: Sales Rise, Dividend Boosted, And New CFO On Board

By Shivani Kumaresan
May 23, 10:15 AM
Ralph Lauren reported a 2% year-on-year increase in fourth-quarter FY24 sales to $1.568 billion, surpassing the analyst estimate of $1.563 billion. Global direct-to-consumer comparable store sales grew by 6%. The company's gross profit reached $1 billion with a margin of 66.6%. Operating income soared 168% to $107.8 million. Adjusted EPS of $1.71 beat the consensus estimate of $1.66.

RL