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Uniqlo owner seen posting 11% profit bump on Q2 overseas sales

The Japanese operator of global clothing heavyweight Uniqlo is expected to post a stronger quarterly profit on Thursday as its overseas units make up for slowing growth at home. The increase builds the first quarter, when Fast Retailing posted a 25% jump in earnings on the back of strong results in China, its biggest foreign market. The company conservatively left its forward guidance unchanged after those results, so second-quarter results may top consensus figures, according to LightStream Research analyst Oshadhi Kumarasiri.

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Uniqlo owner seen posting 11% profit bump on Q2 overseas sales By Reuters

Uniqlo owner seen posting 11% profit bump on Q2 overseas sales By Reuters
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Uniqlo Owner Seen Posting 11% Profit Bump on Q2 Overseas Sales

Uniqlo Owner Seen Posting 11% Profit Bump on Q2 Overseas Sales
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Uniqlo's Global Growth Fuels 11% Profit Increase

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

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U.S. hopes for Philippine chip capacity expansion look overly ambitious

U.S. Commerce Secretary Gina Raimondo told a gathering of business executives Tuesday in the Philippines that the Biden administration wants to double the country's semiconductor facilities.

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Nintendo Switch 2 reveal planned for June 2024

The reveal for the Nintendo Switch 2 is reportedly planned for June 2024.

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Nintendo Sinks After Game Makers Say Switch 2 Pushed to 2025

(Bloomberg) -- Nintendo Co. shares tumbled after reports that the company was pushing back the launch of its Switch successor to the beginning of next year.Most Read from BloombergTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderRecord US Stock Rally Is Under Threat From a World in TurmoilChina Stocks Primed for Bullish Reopen After Upbeat DataWall Street’s Moelis Bet Big on the Middle East. Now He’s Cashing InSystemic Risk Concerns Grow Among Money Managers as Real Estate Woes Cau

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Nintendo shares fall following recent reports of Switch 2 'delays'

Image: Damian McFerran / Nintendo LifeNintendo's shares fell in Japan after last week's report that the Switch successor won't launch until Q1

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Nintendo Shares Drop Following Latest Reports Of Switch 2 'Delay'

After seeing a record high last month - Nintendo's shares in Japan have dropped after last week's report that the Switch s...

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Nintendo Share Price Drops Following Reports of Switch 2 Delay to 2025

There were reports last week from multiple sources claiming Nintendo is now aiming to release the successor the [...]

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