Hershey stock drops 5.3% after Q2 earnings miss and lowered 2024 outlook
The company's organic, constant currency net sales fell by 16.8%, largely due to reduced retailer inventory levels in North American and international markets.
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Prada reports strong sales increase amidst luxury sector downturn
Prada posted a 17% rise in first-half revenue, reaching 2.55 billion euros, driven by a 55% sales increase in Japan and a 93% surge for Miu Miu. This performance contrasts with broader luxury sector declines, highlighting Prada's strong brand appeal and resilience despite industry challenges.
ASE Technology Holding Co Ltd reports mixed quarterly earnings
ASE Technology Holding Co Ltd.'s Q2 earnings fell to 11 cents per share, down from 12 cents last year, with revenue decreasing to $4.35 billion. Despite a 7.2% share drop this quarter, the stock has risen 12.6% year-to-date. Analysts maintain a "buy" rating with a $11.60 price target.