Delivery giant FedEx posted an upswing in revenue of 14% to $23.5 billion for the second quarter, despite higher wages and labor shortages that were offset by an increase in shipping rates. Get the Full Story Complete the form to unlock this article and enjoy...
Sotheby’s has sold $7.3 billion in art sales this year, a new high for the 277-year-old company, The Wall Street Journal (WSJ) reported Wednesday (Dec. 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Lululemon saw its stock fall on Thursday (Dec. 9) after its Q3 earnings as the company cut its sales expectations for its Mirror at-home fitness device. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Retail chain Costco’s quarterly results for Q1 2022, released Thursday (Dec. 9), were better than initially expected, with quarterly revenue rising 16.6% in the quarter ending Nov. 21 for a total of $50.36 billion. Get the Full Story Complete the form to unlock this article...
Amsterdam-based global telecommunications and digital services company VEON Ltd. has announced a benchmark of 10-14% compound annual growth rate (CAGR) local currency revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) growth through 2024, according to a Tuesday (Dec. 7) press release. Get the...
In what will likely go down as one of Wall Street’s biggest tantrums of the year, the single-day 40% implosion in shares of DocuSign Friday suggests something cataclysmic had happened — as if the era of digital documentation had somehow suddenly been disrupted or become...
One97 Communications, which is the parent of FinTech Paytm, has said its net loss has increased 8.4% with the rising expenses, Reuters writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Becoming a household word in just 20 months, Zoom Video Communications emerged as a technological hero of the pandemic’s work-from-home exodus. Lately, however, the Zoom fatigue syndrome seems more pronounced, as the company’s growth slows and competitors close in. Get the Full Story Complete the...
Africa-focused online marketplace Jumia Technologies highlighted signs of growth acceleration during its third quarter earnings call Tuesday (Nov. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
