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Vici Properties (NYSE:VICI) increased its guidance for 2023 FFO per share after Q3 earnings topped the average analyst estimate by a penny. Guidance for 2023…

By Mauro Orru STMicroelectronics shares fell Thursday after the European chip maker set guidance below analysts expectations for the fourth quarter and slightly tweaked its forecasts for...

Google-parent Alphabet's cloud division posted its weakest growth in nearly three years, leading to a 5.7% decline in its stock value in after-hours trading. This decline is even more striking when juxtaposed with the success of Microsoft's cloud division, which has seen a substantial surge in sales.

PARIS: Sales at Hermes rose briskly in the third quarter, beating expectations and outshining rivals as economic...

MARKET MOVEMENTS: -- Brent crude oil is down 0.1% at $87.08 a barrel. -- European benchmark gas is up 0.1% to EUR49.34 a megawatt-hour. -- Gold futures are...

Third quarter sales at Birkin bag maker Hermes rose briskly, up 15.6% year-on-year, with the pace of growth slowing only slightly in a show of resilience of its wealthy clientele in spite of economic...

Third quarter sales at Birkin bag maker Hermes rose briskly, up 15.6% year-on-year, with the pace of growth slowing only slightly in a show of resilience of its wealthy clientele in spite of economic headwinds. Sales for the three months to the end of September stood at 3.37 billion euros ($3.60 billion), a 15.6% rise at constant exchange rates, beating a Visible Alpha consensus for 14% growth, with brisk sales in all regions, particularly in the United States, said Reuters.

Analysts have cut their estimates for the luxury sector in recent weeks following a sales report from bellwether LVMH earlier this month showing shoppers are splashing out less on high-end fashion as inflation and economic uncertainty rise.

Verizon, whose plans typically cost more than its peers, added 100,000 net monthly-bill-paying wireless phone subscribers in the third quarter, compared with expectations for 63,600 additions, according to Factset.

Luxury goods firm outshines rivals as it weathers the economic gloom