Decker Outdoor Tumbles on Guidance; Amex to Cut Workforce | Stock Movers

Decker Outdoor cut its full-year net sales guidance below consensus estimates, causing its stock to decline. Kering reported third-quarter revenue deceleration at Gucci and slower growth in North America and China. American Express announced it will cut 5% of its global workforce, approximately 3,500 jobs, according to Chief Executive Officer Steve Squeri. Moderna's stock fell after the company released efficacy data on its melanoma vaccine that demonstrated the vaccine's function but did not meet investor expectations for a breakthrough treatment category.

• Bloomberg — Decker Outdoor Tumbles on Guidance; Amex to Cut Workforce | Stock Movers

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