General News

(Reuters) - VF Corp posted a fourth-quarter loss and reported revenue below analysts' estimates on Wednesday as sales declined across its brands, reflecting choppy demand for its apparel and footwear amid strained consumer spending.

Shares of the North Face owner, which have declined 34.5% so far this year, were down nearly 8% in extended trading.

The Denver-based apparel retailer also named Spotify's former CFO Paul Vogel as its new... (continue reading...)

(Reuters) -Snowflake on Wednesday forecast second-quarter product revenue above Wall Street estimates and raised its expectations for the year, on strong demand for its cloud-based services amid a surge in use of generative artificial intelligence.

Shares rose 4% after the bell as the data cloud analytics company also said it plans to acquire technology assets and hire 35 employees from TruEra, an AI observability platform. It did not share further... (continue reading...)

By Arsheeya Bajwa and Stephen Nellis

(Reuters) - Nvidia forecast quarterly revenue above estimates on Wednesday and announced a stock split, lifting its shares to record-high territory and impressing investors who have tripled the chipmaker's market value in the past year on AI optimism.

Nvidia shares jumped 5.9% to $1,005 in extended trade, peaking above the psychologically important $1,000 mark and adding about $140 billion in stock... (continue reading...)

By Granth Vanaik

(Reuters) - Elf Beauty projected annual sales and profit below Wall Street expectations on Wednesday, in a sign that sticky inflation has left little room for Americans to spend on affordable luxuries such as cosmetic and skincare products.

However, the California-based firm topped estimates for fourth-quarter revenue and profit.

WHY IT'S IMPORTANT

While beauty companies such as Elf managed... (continue reading...)

U.S. Twenty-year Bonds Draw 4.635%; Allotted At High 30.20% - Bloomberg