Birkenstock shares plunged more than 15% on Thursday after the sandal maker missed quarterly profit expectations on a global expansion plan that hit its margins. The Germany-based company reported an adjusted profit per share of 54 cents, below LSEG analysts’ expectations of 58 cents. The retailer reported revenue of $624.6…
Apple on Thursday reported sales and profits that missed Wall Street expectations driven by weak iPhone sales after COVID lockdowns in China disrupted production of the company’s biggest seller. Apple sales fell 5% to $117.2 billion and were down in every part of the world in the quarter. Sales from each product…
CNBC’s Jim Cramer called for the firing of Disney CEO Bob Chapek after the Mouse House turned in dismal fourth quarter earnings earlier this week. “Disney, they have ESPN. If we were on ESPN, we would say he’s got to be fired. That’s pretty cut and dry,” Cramer said on…
Walt Disney said Tuesday its marquee streaming service, Disney+, gained more subscribers than Wall Street had expected, but investment costs dragged quarterly earnings below analysts’ targets. Shares in Disney fell 5% in after-market trading. The entertainment company is spending billions to compete with Netflix and others for streaming television customers as traditional TV declines in popularity. Disney+…
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