Shares of Teleperformance plunged 23% on Thursday, after the French call center and office services group missed its full-year revenue target and flagged a "volatile economic environment." Investors have been spooked by the potential impact of artificial intelligence on its business model, as companies become more able to tap...
American Eagle unveils strategy to grow profits, takes $94 million in impairment charges for logistics business
American Eagle on Thursday announced a new strategy to boost profitable growth over the next three years, as the retailer said it wrote off $94 million in impairment charges related to its internal logistics business Quiet Platform. The company also reported holiday earnings that beat Wall Street's expectations thanks to...
Marvell shares fall as chipmaker forecasts downbeat first-quarter results on weak enterprise demand
The Marvell Technology Group Ltd. headquarters building stands in Santa Clara, California, U.S., on Tuesday, Feb. 8, 2011. David Paul Morris | Bloomberg | Getty Images Marvell Technology forecast first-quarter results below market expectations on Thursday, hurt by weak demand for its custom chips used in artificial intelligence applications,...
Coinbase partner ClearBank posts first full year of profit as revenue almost doubles
ClearBank, a British financial technology firm powering payments for the likes of Coinbase, scored its first full year of profit after higher interest rates helped drive a 91% jump in revenue. The firm swung to an £18.4 million ($23.3 million) pretax profit in the year ended Dec. 31, 2023, according...