28m ago
FAO: Global sugar prices jump 11.9% in August after India allows duty-free raw sugar imports
The FAO Sugar Price Index jumped 11.9% in August from the previous month, driven by weaker output prospects in Europe due to adverse weather and El Niño-related concerns in key Asian producers. India’s announcement of duty-free imports of raw sugar also contributed to the rise. Over the same period, FAO indexes for cereals, dairy, vegetable oils and meat also increased, according to the UN agency.
28m ago
1h ago
DocuSign posts $77.7 million fiscal Q2 profit, sets revenue outlook of $886 million to $890 million for Q3
Electronic signature provider DocuSign reported fiscal 2024 second-quarter net income of $77.7 million, with adjusted earnings of $1.16 per share and revenue of $875.7 million. The results exceeded Wall Street expectations, according to analysts surveyed by Zacks Investment Research. The company forecast third-quarter revenue of $886 million to $890 million and full-year revenue of $3.5 billion to $3.51 billion.
1h ago
2h ago
Torrid posts $5.2 million fiscal Q2 profit as revenue misses Wall Street estimates
Torrid Holdings reported fiscal second-quarter net income of $5.2 million, or 5 cents per share, while adjusted results showed a loss of 4 cents per share. Revenue came in at $231.7 million, below Wall Street expectations for an adjusted loss of 3 cents per share and $236.6 million in revenue. The company forecast third-quarter revenue of $230 million to $235 million and full-year revenue of $940 million to $960 million.
2h ago