+++ Business figures +++: Fielmann suffers from poor purchasing mood in Germany
AI investments cause Alibaba's profit to plummet +++ CTS Eventim's sales grow by 17 percent in the first half-year +++ High fuel prices slow down Walmart +++ The Newsblog.
Coty reported a 1.3% rise in revenue to $1.27 billion in the fourth quarter, beating analyst expectations, although its adjusted loss per share was wider than forecast. The cosmetics company is implementing a strategy to streamline its business and cut costs, including potentially selling brands like CoverGirl and Rimmel. Meanwhile, Estee Lauder reported a better-than-expected fourth-quarter revenue of $3.63 billion and forecast an adjusted profit per share of $3.10-$3.35 for 2027, exceeding market expectations.
Swedish financial services firm Klarna posted a surprise second-quarter profit of $9 million, with revenue up 27% to $1.04 billion, but cut its full-year forecast for gross merchandise volume.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
