The United Arab Emirates' move to quit OPEC has blindsided its partners and will dilute the cartel's ability to manage oil prices by adjusting supply. Bloomberg's Joumanna Bercetche has the details. (Source: Bloomberg)
The United Arab Emirates' move to quit OPEC has blindsided its partners and will dilute the cartel's ability to manage oil prices by adjusting supply. Bloomberg's Joumanna Bercetche has the details. (Source: Bloomberg)
(RTTNews) - Amorepacific (090435.KS, 090430.KS) reported first quarter net income of 113.0 billion Korean won, a decline of 5.0% from a year ago. Operating profit for the first quarter was 126.7 billion won, an increase of 7.6% from prior year.
(RTTNews) - Amorepacific (090435.KS, 090430.KS) reported first quarter net income of 113.0 billion Korean won, a decline of 5.0% from a year ago. Operating profit for the first quarter was 126.7 billion won, an increase of 7.6% from prior year.
(Bloomberg) -- China has suspended issuing new licenses for autonomous vehicles, according to people familiar with the matter, after dozens of Baidu Inc.’s Apollo Go robotaxis suddenly stopped in Wuhan last month, stranding passengers and disrupting traffic. Most Read from BloombergUAE Quits OPEC as War Upends Oil Markets and Gulf Tensions RiseNorth Korea Confirms Suicide Rule for Soldiers Ukraine...
(Bloomberg) -- China has suspended issuing new licenses for autonomous vehicles, according to people familiar with the matter, after dozens of Baidu Inc.’s Apollo Go robotaxis suddenly stopped in Wuhan last month, stranding passengers and disrupting traffic. Most Read from BloombergUAE Quits OPEC as War Upends Oil Markets and Gulf Tensions RiseNorth Korea Confirms Suicide Rule for Soldiers Ukraine CapturesTrump Being ‘Humiliated’ in Iran Talks, German Leader SaysSergey Brin Confronted Gavin News
Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker, has sold its remaining stake in Arm Holdings, according to a company filing on Wednesday. Its subsidiary, TSMC Partners, sold 1.11 million Arm shares from April 28 to 29 at $207.65 each, for a total of about $231 million, the filing showed. The disposal resulted in an impact on retained earnings of $174 million.
Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker, has sold its remaining stake in Arm Holdings, according to a company filing on Wednesday. Its subsidiary, TSMC Partners, sold 1.11 million Arm shares from April 28 to 29 at $207.65 each, for a total of about $231 million, the filing showed. The disposal resulted in an impact on retained earnings of $174 million.
Earnings Call Insights: Rocky Brands (RCKY) Q1 2026 Management View "Q1 sales increased 9%, following the 9% increase we achieved in the fourth quarter of 2025," said (Chairman, CEO & President Jason Brooks), adding that growth was driven by "legacy styles and compelling new product introductions" and that the company is seeing "consistent full price selling" across key accounts, digital partners,...
Earnings Call Insights: Rocky Brands (RCKY) Q1 2026 Management View "Q1 sales increased 9%, following the 9% increase we achieved in the fourth quarter of 2025," said (Chairman, CEO & President Jason Brooks), adding that growth was driven by "legacy styles and compelling new product introductions" and that the company is seeing "consistent full price selling" across key accounts, digital partners, and its own sites. (CEO Brooks) tied near-term profitability pressure to trade policy and framed the cadence of improvement: "The year-over-year change in gross and operating margins was driven primarily by higher tariffs" and "the headwind from higher tariff starts to lessen in the second quarter," which he said supports "returning gross margins to 40% range" and "delivering meaningful earnings growth in the second half of the year." On brand-level momentum, (CEO Brooks) said "XTRATUF started 2026 with exceptional momentum," "Muck delivered its best first quarter in over 3 years," and Durango posted "single-digit growth." He described Georgia Boot as "a slight single-digit decline" that was "primarily timing driven" and said Rocky Work, Outdoor & Western was positive as wholesale strengthened "through greater in-line product sales versus last year's off-price focus." (COO, CFO & Treasurer Thomas Robertson) anchored the quarter’s headline figures: "Reported net sales for the first quarter increased 9.1% year-over-year to $124.4 million," and he emphasized the key driver of margin compression: "The 470 basis point decrease was driven by a little over $7 million in higher tariffs." Outlook (CFO Robertson) said, "based on our first quarter performance, we are reiterating our full year 2026 guidance provided on our fourth quarter call" and guided that the company "continue[s] to expect revenue to increase approximately 6% over 2025" and that "this translates into EPS growth in the low-teen range." (CFO Robertson) updated the tariff timing assumptions versus the prior quarter’s...