Fintech firm Klarna halves net loss in first quarter as it races toward profitability
The results show that Klarna is making "significant strides" toward profitability on a monthly basis by the second half of 2023, the firm said.
The results show that Klarna is making "significant strides" toward profitability on a monthly basis by the second half of 2023, the firm said.
Apparel retailer Gap reported another quarter of net losses and sale dips across its four brands but did manage to significantly improve its margins.
Best Buy shares rose, but the retailer expects weaker spending on consumer electronics the rest of the year.
Snowflake beat on the top and bottom lines for the fiscal first quarter, but it gave product revenue guidance that missed consensus estimates.
The mall-based retailer's results diverged from Abercrombie & Fitch's earlier in the day.
Nvidia is the top provider of advanced GPU chips for artificial intelligence.
Mall apparel retailer Abercrombie & Fitch surprised investors with a fiscal first quarter profit, sending shares surging.
Xpeng has been hurt by a tough macroeconomic situation in China as well as rising competition from Tesla, BYD and electric car startups.