Retail giant sees stock soar 12% in after-hours trading after exceeding forecasts.
Quarterly turnover at H&M jumped from a year earlier as pandemic restrictions were eased, although revenue remained well below 2019 levels.
The company reported total revenue of $2.99 billion in Q1, which surpassed the Street’s estimates of $2.98 billion and increased 9% from the year-ago period.
Companies that are redefining revenue stability and sustainability.
Stitch Fix said it lost $21 million, or 20 cents a share, in the quarter, contrasting with earnings of $11.4 million, or 11 cents a share, in the year-ago period.
Quarterly sales declined year over year as the coronavirus pandemic forced customers to stay at home and dealerships to close down.
As Samsung Electronics mourns the death of its long-time chairman, Lee Kun-Hee, questions loom over what’s next for South Korea’s biggest company.
iRobot quarterly sales jumped 43% blowing past the Street consensus as consumers stocked up on its robot vacuum cleaners during the coronavirus pandemic.
Tesla Inc. is slated to report third-quarter deliveries, its proxy for sales, this week, and Wall Street appears to be …