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Puma shares tumble 16% after quarterly sales and profit miss
(Reuters) -Puma shares fell by 16% as the market opened on Thursday after the German sportswear brand reported lower than expected fourth-quarter sales and a decline in annual profit. The weak results late on Wednesday came after rival Adidas reported strong sales and profitability,
J&J Tops Quarterly Profit Estimates on Cancer Drug Sales
Johnson & Johnson beat Wall Street’s fourth-quarter expectations as strong cancer drug sales compensated for a decline in demand for the company’s blockbuster psoriasis treatment.
Puma shares plunge after missing profit target
While this increased revenue, it weighed on Puma’s profit margin. The company is aiming to boost its margin through cost cutting, which it said would include reallocating staff to “strategic growth areas” such as marketing, while keeping the total headcount “stable”.
Puma shares drop 15% after fourth-quarter sales and profit miss
Shares in Puma dropped 15% as the market opened on Thursday after the German sportswear brand reported lower than expected fourth-quarter sales and a decline in annual profit.
PUMA Reports Preliminary Q4 Profit Up
Sports company PUMA on Wednesday announced preliminary 2024 results, reporting a currency adjusted sales growth of 9.8% to €2,289
47m
on MSN
AB Foods sees analysts' profit view falling 2% after Primark sales downgrade
Associated British Foods expects analysts' consensus profit expectations for its 2024/25 year to fall about 2% after the ...
2h
on MSN
Swedbank Posts Profit Beat as Lower Rates Dent Income
The Swedish group reported profit ahead of expectations, despite a drop in income as lenders began to feel the effect of ...
20h
Textron Forecasts 2025 Profit Below Estimates; IAM Strike Dents Q4 Jet Deliveries
The company posted fourth-quarter adjusted profit of $1.34 per share, compared with analysts' estimate of $1.33 per share. It ...
23h
Unilever India’s Profit Beats Estimate on One-Time Gains
Hindustan Unilever Ltd. posted quarterly profit that beat estimates boosted by one-time gains even as the consumer goods ...
15h
Corcept Therapeutics Generating Strong Revenue And Profit Growth
Corcept Therapeutics' long-term goal is $3 billion revenue by 2029, driven by the new drug Relacorilant. Click here to read ...
2d
High-Profit, Low-Failure Business Ideas That Are Built For Success
When you combine strong profit potential with lower failure rates, you set yourself up for long-term business success.
8h
on MSN
SK Hynix posts record quarterly profit surpassing Samsung on AI boom
South Korea's SK Hynix forecast sales of its high-end semiconductors used in generative artificial intelligence chipsets ...
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