Tag: Operating

Porsche Sees Strong 2023 as 9-Month Profits Soar

BERLIN—Porsche reported a 40.6 percent leap in operating profit to more than 5 billion euros ($5 billion) in the first nine months of 2022 and predicted a strong 2023 as its ability to raise prices protected it from the costs of supply chain snags. Still, the carmaker did not raise its annual margin outlook from…


GameStop Chief Operating Officer Owens Leaves After 7 Months

GameStop Corp., the company whose stock became a sensation with day traders this year, said on Friday that Jenna Owens agreed to leave, just seven months after joining the video game retailer as its chief operating officer. It is the first major executive departure at GameStop since the company hired a new chief executive officer,…