The recent drop in Teleperformance’s shares by 20% has sparked concerns among investors regarding the impact of artificial intelligence on the call center and office services group. The fear stems from companies increasingly utilizing AI technology directly for their own customer service benefits. The stock plummeted further by 16% after Klarna, a financial services company,
Earnings
Foot Locker, a well-known sneaker retailer, recently reported a holiday-quarter loss, much to the dismay of investors. The company also issued weak guidance for the current year, signaling that it is behind on meeting its financial goals. The profitability goal set during its March 2023 investor day is now expected to be delayed by two
Sea Limited, a tech giant based in Southeast Asia, has had a remarkable year in 2023 with the company posting its first profitable year. The net income for 2023 stood at an impressive $162.7 million, a stark contrast to the net loss of $1.7 billion in the previous year. Despite this achievement, the company did
Daimler Truck saw its shares skyrocket to a new all-time high, jumping over 15% in morning trading after revealing record full-year profits and introducing a 2 billion euro share buyback program. The company reported pre-tax earnings of 5.5 billion euros for 2023, surpassing analysts’ expectations of 5.2 billion euros and marking a 39% increase from
Snowflake, the cloud software company, made headlines on Wednesday with the announcement of the retirement of billionaire CEO Frank Slootman. Slootman, who joined the company in 2019 and led it through an incredibly successful IPO in 2020, will be stepping down and making way for Sridhar Ramaswamy, the former Google ad chief, to take over
Salesforce shares took a hit initially, sliding as much as 6% after the business software maker issued a light revenue forecast for the new fiscal year. However, the shares managed to rebound and ended up rising 1% in extended trading. This fluctuation showcases the uncertainty and volatility in the market in response to Salesforce’s forecast.
Macy’s reported a decline in sales of nearly 2% in the holiday quarter, disappointing both investors and analysts. The fourth quarter results were below what Wall Street had expected, with adjusted earnings per share coming in at $2.45 compared to the $1.96 expected, and revenue at $8.12 billion versus the anticipated $8.15 billion. This left
Unity Software, a leading gaming software company, faced a significant setback as its shares plummeted by 17% in extended trading following the release of weaker-than-expected guidance for the current quarter. The company reported a loss of 66 cents per share, which was far from the 46 cent loss predicted by analysts. Additionally, the revenue of
Zoom shares surged by 13% in after-hours trading on Monday following the announcement of their fiscal fourth-quarter results. The company exceeded analysts’ expectations in several key areas, including earnings per share and revenue. The company reported earnings per share of $1.22, adjusted, compared to the expected $1.15. Additionally, Zoom’s revenue came in at $1.15 billion,
In a surprising turn of events, Southeast Asian ride-hailing giant Grab announced its first-ever profitable quarter, with a net profit of $11 million. This significant achievement marks a stark contrast from the $391 million loss recorded during the same period the previous year. The company attributes this success to various factors, including improved Group adjusted