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Estée Lauder reported a 6 percent increase in fourth-quarter net sales to $3.6 billion, beating analyst expectations and showing continued turnaround momentum across most product categories and regions.
Nebius Group reported an estimated payback period of approximately 1 year and 10 months for second-quarter contracts, down from a historical range of two to three years, suggesting improving economics for its capital-intensive AI infrastructure business.
Baron Small Cap Fund sold its Floor & Decor Holdings position during the second quarter, citing weak existing home sales and preferring alternative exposure to a potential housing recovery.
Amer Sports reported a 339% surge in operating profit to $192m during the second quarter, driven by strong performance from Arc’teryx and Salomon divisions alongside revenue growth exceeding 30%.
Berkshire Hathaway Class B shares closed nearly 1% lower Monday despite CEO Greg Abel’s solid first annual meeting performance and the conglomerate reporting an 18% jump in first-quarter operating earnings.
Peloton reported its first annual profit but shares fell nearly 13% after the company forecast declining sales for the coming fiscal year due to lapping price increases.
