Tapestry Stock Gains on Higher Profit Forecast. Coach Bags Are in Demand.
The company, which also owns the Kate Spade and Stuart Weitzman brands, reported a 7% gain in sales of Coach products from a year ago.
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The company, which also owns the Kate Spade and Stuart Weitzman brands, reported a 7% gain in sales of Coach products from a year ago.
KeyBanc analyst Aleksey Yefremov upgraded shares of Albemarle and Livent to Buy from Hold.
Online gaming company Roblox posted a wider-than-expected loss for its first quarter, but analysts like slowing increases in headcount and compensation, and ad initiatives.
The company says it sees the 'adoption of AI tools as an accelerant to our business based on our structural and sustainable competitive advantages.' One analyst isn't so sure.
Upstart forecasts revenue and adjusted earnings for the second quarter ahead of analysts' expectations. The company also says it secured long-term funding agreements.