– The company behind North Face, Vans and other apparel brands saw its stock fall 2% in premarket trading after it cut its full-year sales forecast due to delivery delays and worker shortages. VF reported better-than-expected profit and revenue for its most recent quarter. – Apple reported record profit and revenue for its latest quarter, despite supply chain issues that cut into sales. Apple earned $2.10 per share, compared with a $1.
Mondelez raised prices during the quarter, but it was not enough to make up for increased costs for ingredients and logistics. Mondelez slid 2.2% in premarket action. – Robinhood slumped 13% in the premarket after warning that current-quarter revenue could fall significantly from a year ago. The trading platform operator reported a quarterly loss of 49 cents per share, 4 cents wider than estimates, although revenue was slightly above analyst forecasts. – Western Digital shares plunged 10.
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