Existing home sales, Li Auto earnings, Foot Locker outlook: 3 things to watch
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Xiaomi-backed SVOLT files for $2.1B STAR market IPO
November 21, 2022 11:25 AM ESTA Chinese electric vehicle battery manufacturer, SVOLT Energy Technology Co LTD has filed for an initial public offering (IPO) to raise as much as 15 billion yuan (about $2.1 billion) on Shanghais STAR market. The battery maker, backed by Xiaomi Corp, is a spin-off of Chinese automaker Great Wall Motors and was... More
Foot Locker (FL) Tops Consensus Expectations, Shares Rally
November 18, 2022 11:08 AM ESTFoot Locker (NYSE: FL) stock surged Friday after the company reported third-quarter earnings that beat analyst expectations.
The retailer reported earnings per share of $1.27, $0.13 better than the analyst estimate of $1.14, while revenue for the quarter came in at $2.17 billion versus the consensus estimate of $2.1 billion.
Comparable sales also rose, increasing 0.8% year-over-year.
Foot Locker's President and Chief Executive Officer Mary Dillon said in the midst of ongoing macroeconomic challenges, its expanding customer base remained... More
