— Ralph Lauren (NYSE: RL) reported third quarter 2020 adjusted EPS of $2.86 vs. $2.45 expected. GAAP EPS was $4.41 vs. $1.48 in the prior-year quarter.
— Revenue grew 1% to $1.75 billion vs. $1.72 billion expected.
— For fiscal 2020, Ralph Lauren expects revenue to grow 2-3% on a constant currency basis.
— For the fourth quarter of fiscal 2020, revenue is expected to be up slightly both on a constant currency and reported basis.
— North America revenue inched up to $911 million in Q3 2020 from $909 million a year ago.
— Europe revenue increased 3% year-over-year to $438 million.
— Asia revenue rose 5% to $290 million.
— RL stock was trading up about 7% during the pre-market session.
The positive effects of widespread digitalization and e-commerce growth on China’s financial services industry became more pronounced during the pandemic as the movement restrictions drove more retail customers to online
Shares of Activision Blizzard Inc. (NASDAQ: ATVI) were up 1.6% on Thursday. The stock has dropped 14% since the start of the year. The company has been in the news
The emergence of technology-driven financial services is making people think beyond conventional banks when it comes to availing loans and transferring funds. In a move aimed at taking its business