— Foot Locker Inc. (NYSE: FL) reported Q4 2019 earnings of $1.63 per share, vs. $1.58 expected.
— Sales fell 2.2% to $2.22 billion, vs. $2.24 billion expected.
— Comparable store sales decreased 1.6%.
— Merchandise inventories were $1.20 billion at quarter-end, down 4.8% year-over-year.
— During the quarter, the company opened 32 new stores, remodeled or relocated 66 stores and closed 63 stores.
— Cash and cash equivalents totaled $907 million at year-end.
— FL shares were down 1.7% in premarket hours on Friday.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard