Adidas Posts Poor Q4 2022 Results, Warns of Full-Year Loss Following Termination of Ye Deal

German apparel giant Adidas suffered heavy losses for Q4 2022 and looks to rebuild its business model throughout 2023.  Adidas AG recently released its Q4 2022 financial report, which revealed heavy losses sustained on several tiers. For the fourth quarter of last year, the German apparel giant suffered an operating loss of 724 million euros. In addition, the … Read more

Dell Q4 2023 and Full-Year Earnings Tops Estimates but Misses Guidance Expectations, Shares Drop 3%

Dell announced that Sweet would retire as the chief financial officer at the end of Q2 and be replaced by Yvonne McGill. Dell Technologies Inc (NYSE: DELL) announced its Q4 and full-year fiscal 2023 financial results on March 2. According to the earnings announcement, the American multinational technology company reported a revenue of approximately $25 … Read more

Bumble Q4 & Full-Year 2022 Results Show Increase in Revenue, App Paying Users

According to Bumble CEO Whitney Wolfe Herd, the company’s Q4 and full-year 2022 performance strengthens confidence in “long-term opportunity.” Bumble Inc (NASDAQ: BMBL) recently announced its Q4 and full-year 2022 results, which showed a 19% increase in annual revenue. The dating app facilitator hauled in $903.5 million for the whole year, while also recording a fourth-quarter … Read more

Peugeot, Jeep Manufacturer Stellantis Reports Record Full-Year 2022 Earnings, Announces Massive Shareholder Payout

Automotive corporation Stellantis targets global BEV sales of 5 million by 2030 following its commendable full-year results.  Stellantis recently posted its full-year 2022 earnings results, which showed a 26% rise in net profit to a record 16.8 billion euros, or $17.9 billion. The multinational automotive manufacturing corporation also experienced a 41% annual jump in electric vehicles … Read more

Cisco Squashes Estimates in Fiscal Q2 2023, Company Raises Full-Year Outlook

Cisco has upped its guidance for the 2023 fiscal year to between $3.73 and $3.78 adjusted earnings per share Technology company Cisco Systems Inc (NASDAQ: CSCO) outperformed projections for earnings and revenue in its fiscal Q2. According to a press release, Cisco recorded $13.6 billion in revenue during the fiscal Q2, representing a 7% increase … Read more