marketresults
Adobe released its Q1 fiscal year 2024 earnings on Thursday, posting record Q1 revenue. However, despite the company's stellar first quarter performance, it shared downbeat forecasts for its second quarter. This was mainly due to increased anxieties about higher competition regarding its current artificial intelligence products. Adobe shares plunged 12.1% to €461.8 on Thursday, following the earnings release, as spooked investors rushed to sell. Referring to Q1's results, company CEO and chairman Shantanu Narayen said in a press release: "Adobe drove record Q1 revenue demonstrating strong mome...
Euronews (English)
Last year's growth was significantly lower than 2022's, when Lego's revenue grew by 17% compared with the previous year. It is the slowest growth the Danish brand has had since 2017, a symptom of the struggling toy industry. The economic crisis has recently forced many households into reconsidering their expenses, especially around the holidays which are the biggest time of the year for the toy market. Many, for instance, chose to turn to second-hand presents, or simply to have fewer presents under their Christmas tree. Given the harsh reality of the industry which, experts say, is going throu...
Euronews (English)
The luxury car producer announced on Tuesday the launch of several new models this year but warned that costs connected with the launch would lead to lower profits. It is expecting to see lower operating returns this year, of between 15% and 17%, compared with 18% in 2023. While market analysts' predictions had placed hopes on returns nearing last year's, the introduction of four new car models is positioning 2024 as a transition year for Porsche. New versions of three models well-known to Porsche enthusiasts will be released this year: the Panamera, the Macan and the iconic Porsche 911. Porsc...
Euronews (English)
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