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via finance.yahoo.comMarkets

Decker Outdoor tumbles on guidance cut; Amex to cut workforce

FROM THE WIRE · FINANCE.YAHOO.COM

On this episode of Stock Movers:- Decker Outdoor (DECK) is tumbling after the footwear company cut its net sales guidance for the full year, which also fell short of the consensus estimate. - Kering (KER) shares are slumping after the French luxury-goods company saw further…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishDecker's guidance cut and Kering's slowing Gucci growth weigh on shares, while Amex announces job cuts.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Decker Outdoor cut its full-year net sales guidance, which also fell short of consensus.
  2. 02Kering saw further deceleration of third-quarter revenue growth at its Gucci unit.
  3. 03American Express plans to cut about 5% of its global headcount, affecting roughly 3,500 jobs.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Deckers Outdoor CorporationDECKStock80.39 USD-1.37%today -5.73%Negative Kering S.A.KER.PAStock178.12 EURMarket closedtoday -16.57%Negative American Express CompanyAXPStock313.10 USD+0.14%today -3.71%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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