Friday, October 29, 2021

ARCA Biopharma Rises 11% As Interim Review Greenlights Covid-19 Treatment Trial

Shares of ARCA biopharma, Inc. (ABIO) are trading 11 percent higher in pre-market after the company announced that the Data and Safety Monitoring Committee completed a pre-specified interim analysis and recommended completion of the Covid-19 treatment trial with no modifications to the trial design.

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Imperial Oil Q3 Profit Skyrockets, Tops Estimates - Quick Facts

Imperial Oil Ltd. (IMO, IMO.TO) reported Friday that net income for the third quarter soared to C$908 million or C$1.29 per share from C$3 million or C$0.00 per share in the prior-year quarter.

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Exxon Mobil Q3 Profit Tops Estimates; Plans To Buy Back About $10 Bln Of Shares

Exxon Mobil Corp. (XOM) reported a profit for the third-quarter compared to a loss last year, reflecting improved demand and strong operations. Quarterly adjusted earnings per share topped analysts' expectations. The company plans to buy back up to $10 billion of shares over the next two years.

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W.W. Grainger Reaffirms FY21 Outlook - Quick Facts

While reporting financial results for the third quarter on Friday, W.W. Grainger, Inc. (GWW) reaffirmed its earnings and net sales guidance for the full-year 2021.

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AbbVie Raises FY21 Outlook; Boosts Dividend 8.5% - Quick Facts

While reporting financial results for the third quarter on Friday, biopharmaceutical company AbbVie Inc. (ABBV) raised its adjusted earnings guidance for the full-year 2021.

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Newell Brands Boosts FY21 Outlook As Q3 Results Top Estimates - Quick Facts

While reporting financial results for the third quarter on Friday, consumer goods company Newell Brands, Inc. (NWL) raised its normalized earnings and net sales guidance for the full-year 2021, based on strong year-to-date results despite the external environment remaining challenging and volatile. The company also provided outlook for the fourth quarter.

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Barnes Group Trims FY21 Adj. EPS Outlook; Q3 Results Top Estimates - Quick Facts

While reporting financial for the third quarter on Friday, Barnes Group, Inc. (B), a provider of highly engineered products, trimmed its adjusted earnings guidance for the full-year 2021.

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Daimler Q3 Profit Up, Unit Sales Weak; Backs Positive Outlook For FY21; Stock Up

Shares of Daimler AG were gaining around 2 percent in the morning trading in Germany after the automaker Friday reported said it continues to expect significantly higher revenue and EBIT for fiscal 2021 after reporting higher profit in its third quarter. Revenues were nearly flat in the third quarter despite considerably lower production and sales due to the semiconductor shortage.

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Thursday, October 28, 2021

Medical Properties Trust Q3 Results Top Estimates; Boosts Outlook - Quick Facts

Medical Properties Trust, Inc. (MPW) reported Thursday that third-quarter net income attributable to stockholders increased to $171.14 million or $0.29 per share from $131.11 million or $0.25 per share in the prior-year quarter.

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OSI Systems Reiterates FY22 Outlook - Quick Facts

While reporting financial results for the first quarter on Thursday, OSI Systems, Inc. (OSIS) reiterated its adjusted earnings and revenue guidance for the full-year 2022.

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Oshkosh Q4 Results Top Estimates; Boosts Dividend 12% - Quick Facts

Oshkosh Corp. (OSK) reported on Thursday that net income for the fourth quarter declined to $89.7 million or $1.30 per share from $100.0 million or $1.46 per share in the prior-year quarter. Excluding items, adjusted net income was $1.05 per share, compared to $1.30 per share in the year-ago quarter.

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Moody's Boosts FY21 Outlook As Q3 Results Top Estimates - Quick Facts

While reporting financial results for the third quarter on Thursday, Moody's Corp. (MCO) raised its earnings, adjusted earnings and revenue growth guidance for the full-year 2021.

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Illinois Tool Works Slashes FY21 Outlook - Quick Facts

While reporting financial results for the third quarter on Thursday, Illinois Tool Works, Inc. (ITW) slashed its earnings, revenue and organic revenue guidance for the full-year 2021.

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EMCOR Group Boosts FY21 Outlook - Quick Facts

While reporting financial results for the third quarter on Thursday, EMCOR Group, Inc. (EME) raised its earnings and revenue guidance for the full-year 2021, based on year-to-date performance.

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Lincoln Electric Q3 Results Top Estimates; Boosts Dividend 9.8 - Quick Facts

Lincoln Electric Holdings, Inc. (LECO) reported Tuesday that net income for the third quarter declined to $31.8 million or $0.53 per share from $58.5 million or $0.97 per share in the prior-year quarter.

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Comcast Q3 Profit Doubles, Results Top Estimates

Comcast Corp. (CMCSA, CMCSK) on Thursday reported that profit for the third quarter doubled from last year, driven by 19 percent revenue growth amid significant growth across each of its businesses. Both adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also declared a quarterly dividend.

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Volkswagen Q3 Pre-tax Profit Down, Cuts FY21 Revenue, Delivery View; Stock Down

Shares of Volkswagen AG were losing around 3 percent in German trading after the automaker reported weak profit before tax in its third quarter reflecting lower sales revenue, production and deliveries amid the the ongoing chip shortage. Looking ahead for fiscal 2021, Volkswagen reduced the sales revenue forecast for the Group and the Passenger Cars Business Area.

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Merck Q3 Results Top Estimates; Boosts FY21 Outlook - Quick Facts

Biopharmaceutical company Merck & Co., Inc. (MRK) reported Thursday that third-quarter net income attributable to the company increased to $4.57 billion or $1.80 per share from $2.32 billion or $0.92 per share in the prior-year quarter.

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Wednesday, October 27, 2021

Gibraltar Industries Slashes FY21 Outlook As Q3 Results Miss Estimates - Quick Facts

Gibraltar Industries, Inc. (ROCK) reported Wednesday that net income for the third quarter declined to $27.56 million or $0.83 per share from $33.76 million or $1.02 per share in the prior-year quarter.

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Silicon Labs Guides Q4 Well Above Estimates - Quick Facts

While reporting financial results for the third quarter on Wednesday, wireless technology firm Silicon Labs Inc. (SLAB) provided earnings and revenue guidance for the fourth quarter, well above analysts' expectations.

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Brink's Maintains FY21 Outlook - Quick Facts

While reporting financial results for the thirdd quarter on Wednesday, The Brink's Co. (BCO) maintained its earnings, adjusted earnings and revenue guidance for the full-year 2021. It also provided revenue outlook for the full-year 2022.

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General Motors Boosts FY21 Outlook As Q3 Results Top Estimates - Quick Facts

Automaker General Motors Co. (GM) on Wednesday reported third-quarter net income attributable to shareholders of $2.42 billion or $1.62 per share, lower than $4.05 billion or $2.78 per share in the prior-year quarter.

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Boeing Q3 Loss Sharply Narrows, But Misses Estimates

Boeing on Wednesday reported a loss for the first quarter that sharply narrowed from last year, reflecting an 8 percent increase in revenues on higher commercial airplanes and services volumes. However, core loss per share and quarterly revenues came in below analysts' expectations. Looking ahead, the airplane maker said supply chain capacity and global trade will be key drivers of the industry.

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Bristol-Myers Squibb Boosts FY21 Outlook As Q3 Results Top Estimates - Quick Facts

While reporting financial results for the third quarter on Wednesday, biopharmaceutical company Bristol-Myers Squibb Co. (BMY) raised its adjusted earnings guidance for the full-year 2021.

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Applied Industrial Maintains FY22 Outlook; Q1 Results Top Estimates - Quick Facts

While reporting financial results for the first quarter on Wednesday, Applied Industrial Technologies Inc. (AIT) maintained its earnings and sales growth guidance for the full-year 2022.

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Boston Scientific Boosts FY21 Outlook - Quick Facts

While reporting financial results for the third quarter on Wednesday, medical devices company Boston Scientific Corp. (BSX) raised its earnings, adjusted earnings and revenue growth guidance for the full-year 2021 and provided outlook for the fourth quarter.

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Deutsche Bank Q3 Core Bank Profit Edges Down, Says Confident Of FY22 View; Stock Down

German banking major Deutsche Bank AG reported Wednesday higher profit in its third quarter with sharp drop in provision for credit losses and higher revenues. Meanwhile, Core Bank profit before tax was slightly down amid flat Corporate Bank revenues and weakness in Investment Bank and Private Bank segments, despite a growth in Asset Management revenues. The shares were losing around 5 percent in

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Tuesday, October 26, 2021

United Bankshares Q3 Profit Declines - Quick Facts

United Bankshares, Inc. (UBSI) reported on Tuesday that net income for the third quarter increased to $92.2 million or $0.71 per share from $103.8 million or $0.80 per share in the prior-year quarter.

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Lockheed Martin Boosts FY21 Adj. EPS Outlook; Sees Weak Revenues In FY22 - Quick Facts

While reporting financial results for the third quarter on Tuesday, Lockheed Martin Corp. (LMT) raised its earnings and adjusted earnings guidance for the full-year 2021, while trimming annual net sales outlook. The company also provided preliminary revenue outlook for fiscal 2022.

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Pentair Boosts FY21 Outlook; Guides Q4 In Line - Quick Facts

While reporting financial results for the third quarter on Tuesday, Pentair plc (PNR) raised its earnings, adjusted earnings and sales guidance for the full-year 2021. The company also provided outlook for the fourth quarter.

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Waste Management Boost FY21 Revenue Growth Outlook - Quick Facts

While reporting financial results for the third quarter on Tuesday, environmental solutions company Waste Management, Inc. (WM) raised its revenue growth guidance for the full-year 2021.

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General Electric Q3 Industrial Profit Rises, Revenue Mixed; Raises 2021 Guidance

General Electric Company (GE) said it delivered a strong third quarter as orders grew, and margins continued to improve from a year ago. Adjusted GE Industrial organic profit increased 54% year-on-year, organically, driven primarily by increases at Aviation and Power, partially offset by decreases at Renewable Energy and Healthcare. Adjusted Industrial profit margin was 7.5%, up 270 bps from prior year. Revenue was mixed with GE Industrial organic revenue declining 1%, for the quarter. GE Capital revenues were down 3%.

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MarineMax Guides FY22 Adj. EPS Well Above Estimates - Quick Facts

While reporting financial results for the fourth quarter on Tuesday, recreational boat and yacht retailer MarineMax Inc. (HZO) initiated its earnings guidance for the full-year 2022, well above estimates, based on current business conditions, retail trends and other factors.

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Raytheon Technologies Boosts FY21 Adj. EPS Outlook - Quick Facts

While reporting financial results for the third quarter on Tuesday, aerospace and defense company Raytheon Technologies Corp. (RTX) raised its adjusted earnings outlook for the full-year 2021, while maintaining annual revenue guidance within the prior forecast range.

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3M Narrows FY21 Outlook Range - Quick Facts

While reporting financial results for the third quarter on Tuesday, 3M Co. (MMM) narrowed its earnings, sales and organic local-currency sales growth outlook range for the full-year 2021, to reflect year-to-date results and reflect the current global supply chain disruptions.

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UBS Q3 Profit Rises, Plans Buyback; Stock Up

Shares of UBS Group AG were gaining around 2 percent in Swiss trading after the banking major reported Tuesday higher profit in its third quarter with growth in net interest income. Further, the company said it intends to repurchase up to $0.6 billion of shares during the fourth quarter. The company will provide strategic update on February 1, 2022.

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Monday, October 25, 2021

HSBC Q3 Profit Soars, Backs Positive View; To Buy Back $2 Bln Shares

HSBC Holdings Plc shares were gaining In London trading as well as in pre-market activity on the NYSE after the Asia-focused lender backed its positive outlook after reporting significantly higher third-quarter profit. Further, the company announced share buyback of $2 billion, which will be commenced shortly.

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Lennox Int'l Narrows FY21 Outlook Range; Q3 Results Miss Estimates - Quick Facts

While reporting financial results for the third quarter on Monday, Lennox International Inc. (LII) narrowed its earnings and revenue growth guidance for the full-year 2021.

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Alliance Resource Partners Doubles Cash Distribution - Quick Facts

While reporting financial results for the fourth quarter on Monday, Alliance Resource Partners, L.P. (ARLP) announced a 100 percent increase in its cash distribution to unitholders.

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Community Bank System Q3 Profit Rises, Tops View - Quick Facts

Community Bank System Inc. (CBU) reported that its third quarter net income increased to $45.3 million or $0.83 per share from $42.8 million or $0.79 per share in the prior-year quarter.

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Friday, October 22, 2021

American Express Q3 Profit Tops Estimates; Adj. Revenues Up 24%

American Express Company (AXP) reported an increase in profit for the third quarter that also topped Wall Street estimates. Consolidated total revenues net of interest expense rose 25 percent year-on-year, primarily reflecting growth in Card Member spending, as well as a rise in the average discount rate resulting from the change in the mix of spending driven by increased levels of travel and entertainment spending, compared to the prior year. Looking forward, the company said it remains confident in its ability to be within the high end of the range of the earnings per share expectations it had for 2020 in 2022.

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HCA Healthcare Boosts FY21 Outlook - Quick Facts

While reporting financial results for the third quarter on Friday, healthcare provider HCA Healthcare, Inc. (HCA) raised its earnings and revenue guidance for the full-year 2021.

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VF Corp. Backs FY22 Outlook; Declares Dividend - Quick Facts

While reporting financial results for the second quarter on Friday, VF Corp. (VFC) maintains its adjusted earnings and revenue guidance for the full-year 2022.

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Thursday, October 21, 2021

Genuine Parts Boosts FY21 Outlook - Quick Facts

While reporting financial results for the third quarter on Thursday, Genuine Parts Co. (GPC) raised its earnings, adjusted earnings and total net sales growth guidance for the full-year 2021.

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Ally Financial Q3 Results Top Estimates; To Buy Fair Square Financial For $750 Mln Cash -Quick Facts

Ally Financial Inc. (ALLY), a bank holding company, reported Thursday that third-quarter net income attributable to shareholders increased to $683 million or $1.89 per share from $476 million or $1.26 per share in the year-ago quarter.

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Tractor Supply Boosts FY21 Outlook As Q3 Results Top Estimates - Quick Facts

Rural lifestyle retailer Tractor Supply Co. (TSCO) on Thursday reported that net income for the third quarter increased to $224.4 million or $1.95 per share from $190.6 million or $1.62 per share in the prior-year quarter.

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American Airlines Q3 Results Better Than Estimates

American Airlines Group Inc. (AAL) said it flew 48 million passengers during the third-quarter, more than any other U.S. airline. Excluding special items, the company recorded its smallest loss since pandemic began. The company noted that its recovery took a pause in the third quarter due to the delta variant of COVID-19. However, total revenue increased 20% sequentially on 12% increase in capacity.

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Pool Corp Boosts FY21 Outlook As Q3 Results Top Estimates - Quick Facts

Pool Corp. (POOL) on Thursday reported that net income for the third quarter surged 55 percent to $184.67 million or $4.54 per share from $119.10 million or $2.92 per share in the prior-year quarter.

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Sonoco Products Q3 Results Top Estimates; Trims FY21 Outlook - Quick Facts

Packaging company Sonoco Products Co. (SON) reported Thursday that third-quarter net income attributable to the company increased to $111.1 million or $1.12 per share from $83.4 million or $0.82 per share in the year-ago quarter.

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Quest Diagnostics Boosts FY21 Outlook - Quick Facts

While reporting financial results for the second quarter on Thursday, Quest Diagnostics Inc. (DGX) raised its earnings, adjusted earnings and revenue guidance for the full-year 2021, to reflect higher than anticipated COVID-19 testing volumes and base business performance.

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Wednesday, October 20, 2021

Knight-Swift Transportation Q3 Results Top Estimates; Boosts Outlook - Quick Facts

Knight-Swift Transportation Holdings Inc. (KNX) reported Wednesday that its third-quarter net income attributable to the company climbed to $206.18 million or $1.23 per share from $122.06 million or $0.71 per share in the prior-year quarter.

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Verizon Q3 Profit Tops Estimates; Raises 2021 Guidance

Verizon Communications Inc. (VZ) said, on an adjusted basis, its third-quarter earnings per share rose 12.8 percent from a year ago. The company said its earnings were highlighted by revenue and customer growth as more than one in four Consumer wireless phone customers now have a 5G-capable device. The company delivered 699,000 retail postpaid net additions, including 429,000 phone net additions, resulting in 122.0 million total retail connections. Third-quarter phone net additions increased 51.6 percent year over year. Excluding Verizon Media, third-quarter total consolidated operating revenues increased 5.5 percent. Total wireless service revenue was up 3.9 percent, driven by higher access revenue, volume growth and products.

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Canadian Pacific Railway Q3 Profit Declines; Results Miss Estimates - Quick Facts

Canadian Pacific Railway Limited (CP, CP.TO) reported Wednesday that third-quarter net income declined to C$472 million or C$0.70 per share from C$598 million or C$0.88 per share in the prior-year quarter.

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Watsco Q3 Profit Rises, Tops Estimates - Quick Facts

Watsco, Inc. (WSO), a distribution network for heating, air conditioning and refrigeration products, on Wednesday reported an increase in third-quarter earnings allocated to shareholders to $128.30 million or $3.62 per share from $97.35 million or $2.76 per share in the prior-year quarter.

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Abbott Laboratories Boosts FY21 Outlook - Quick Facts

While reporting financial results for the third quarter on Wednesday, Abbott Laboratories (ABT) raised its earnings and adjusted earnings guidance for the full-year 2021.

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Nasdaq Q3 Results Top Estimates - Quick Facts

Nasdaq Inc. (NDAQ) reported Wednesday that its net income for the third quarter grew to $288 million or $1.69 per share from $264 million or $1.58 per share in the prior-year quarter.

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Healthcare Services Group Q3 Results Miss Estimates; Boosts Dividend - Quick Facts

Healthcare Services Group, Inc. (HCSG) reported Wednesday that third-quarter net income plunged to $9.54 million or $0.13 per share from $27.64 million or $0.37 per share in the prior-year quarter.

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MarketAxess Q3 Profit Declines, But Tops Estimates - Quick Facts

MarketAxess Holdings Inc. (MKTX) reported Wednesday that its third-quarter net income declined to $58.0 million or $1.52 per share from $67.8 million or $1.78 per share in the prior-year quarter.

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Tuesday, October 19, 2021

Dermata Rises 5% In Pre-market Upon Positive Phase 1b Trial Results For Psoriasis Drug

Shares of California-based Dermata Therapeutics, Inc. (DRMA), are up more than 5 percent in pre-market after it announced positive topline results from phase 1b clinical trial of DMT310, its lead product candidate for the treatment of mild-to-moderate Psoriasis.

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First Midwest Bancorp Q3 Results Top Estimates - Quick Facts

First Midwest Bancorp Inc. (FMBI) reported Tuesday that net income applicable to common shares for the third quarter surged to $50.31 million or $0.44 per share from $23.35 million or $0.21 per share in the prior-year quarter.

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ManpowerGroup Q3 Profit Soars; Guides Q4 EPS - Quick Facts

While reporting financial results for the third quarter on Tuesday, workforce solutions provider ManpowerGroup, Inc. (MAN) said it expects earnings for the fourth quarter to be in the range of $1.99 to $2.07, which includes an estimated unfavorable currency impact of $0.04.

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Johnson & Johnson Q3 Earnings Top Estimates; Lifts FY21 View Above Market

Drug major Johnson & Johnson on Tuesday raised again its forecast for fiscal 2021 earnings and sales, which are above market view, after reporting higher results in the third quarter. The company's quarterly adjusted earnings also beat market estimates. In pre-market activity on the NYSE, JNJ shares were gaining around 1.24 percent to trade at $162.10.

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Procter & Gamble Q1 Results Top Estimates; Backs FY22 Outlook - Quick Facts

While reporting financial results for the first quarter on Tuesday, consumer goods giant Procter & Gamble Co. (PG) maintained its full-year 2022 guidance for core earnings per share growth, organic sales growth and all-in sales growth for the year.

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Silvergate Capital Q3 Profit Soars - Quick Facts

Silvergate Capital Corp. (SI) on Tuesday reported net income for the third quarter of $23.49 million or $0.88 per share, sharply higher than $7.06 million or $0.37 per share in the year-ago quarter.

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Synovus Financial Q3 Results Top Estimates - Quick Facts

Synovus Financial Corp. (SNV), a provider of commercial and retail banking, investment, and mortgage services, reported Tuesday that its third-quarter net income available to common shareholders was $178.48 million or $1.21 per share, higher than $83.28 million or $0.56 per share in the year-ago quarter.

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Monday, October 18, 2021

Albertsons Cos. Raises FY21 Outlook As Q2 Results Top Estimates; Boosts Dividend 20% - Quick Facts

While reporting financial results for the second quarter on Monday, food and drug retailer Albertsons Companies, Inc. (ACI) raised its adjusted earnings and identical sales guidance for the full-year 2021.

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Philips Q3 Net Profit Soars, EBITA, Sales Weak; Lowers FY21 View; Stock Down

Shares of Philips Electronics NV were losing around 2 percent in the morning trading in Amsterdam after the Dutch consumer electronics giant on Monday trimmed its outlook for fiscal 2021 after reporting weak EBITA and sales in its third quarter. The results were hurt by supply chain challenges as well as Sleep & Respiratory Care recall. However, quarterly net profit was significantly higher.

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Friday, October 15, 2021

LM Funding America Up 50% As Bitcoin Nears $60,000

Shares of technology-based specialty finance company LM Funding America, Inc. (LMFA) were up more than 50 percent in pre-market trade. LMFA had some time ago announced that it was entering the cryptocurrency mining business through a new subsidiary, US Digital Mining and Hosting Co., LLC. The rally is most likely attributed to the surge in prices of cryptocurrencies, especially Bitcoin.

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Goldman Sachs Q3 Profit Beats Estimates; Net Revenues Up 26%

The Goldman Sachs Group, Inc. (GS) reported that its third quarter net earnings applicable to common shareholders increased 63 percent year-on-year. Net revenues were also significantly higher reflecting significantly higher net revenues in Investment Banking, Global Markets and Consumer & Wealth Management, partially offset by lower net revenues in Asset Management. Investment Banking reported its second highest quarterly net revenues, reflecting record quarterly net revenues in Financial advisory and continued strength in Underwriting.

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Thursday, October 14, 2021

Progressive Corp. Q3 Profit Plummets - Quick Facts

Progressive Corp. (PGR) reported Thursday that its net income attributable to the company for the third quarter plummeted to $118.5 million or $0.19 per share from $1.53 billion or $2.59 per share in the prior-year quarter.

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Morgan Stanley Q3 Profit Rises 36%

Financial services firm Morgan Stanley (MS) reported Thursday a profit for the third quarter that increased 36 percent from last year, reflecting 26 percent revenue growth amidst strength across all business segments and regions. "We had standout performance of our integrated Investment Bank and record net new assets of $135 billion in Wealth Management," said James Gorman, Chairman and CEO.

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Bank Of America Q3 Profit Up 58%, Results Top Estimates - Quick Facts

Bank of America Corp. (BAC) reported Thursday that net income for the third quarter surged 58 percent to $7.69 billion from last year's $4.88 billion, with earnings per share increasing to $0.85 from $0.51 in the prior year.

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Wednesday, October 13, 2021

Wipro Q2 Profit Rises 18.9%, Revenue Up 30.1% - Quick Facts

India-based software services company Wipro Ltd. (WIT) reported Wednesday that second-quarter net income attributable to equity holders was 29.31 billion Indian rupees or $394 million, up 18.9 percent from last year's 24.84 billion rupees.

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JPMorgan Q3 Profit Up 24%, Results Top Estimates

US investment bank JPMorgan Chase & Co. reported Wednesday a profit for the third quarter that grew 24 percent from last year, driven by primarily by an income tax benefit and higher credit reserve releases. Both adjusted earnings per share and revenues for the quarter topped analysts' expectations.

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Tuesday, October 12, 2021

AZZ Boosts FY22 EPS Outlook - Quick Facts

While reporting financial results for the second quarter on Tuesday, AZZ, Inc. (AZZ), a provider of metal coating solutions and welding solutions, raised its earnings guidance for the full-year 2022, due to the continued operating performance in its segments.

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Friday, October 8, 2021

ChemoCentryx Secures FDA Nod For Avacopan, Shares Jump

Shares of ChemoCentryx Inc (CCXI) have risen more than 72 percent in pre-market trading Friday, following FDA approval of the company's Avacopan.

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Thursday, October 7, 2021

Lamb Weston Trims FY22 Sales Growth Outlook As Q1 Results Miss Estimates - Quick Facts

While reporting financial results for the first quarter on Thursday, Lamb Weston Holdings, Inc. (LW) said it now projects net sales growth for the full-year 2022 to be above its long-term target range of low-single digits.

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Conagra Brands Q1 Profit Tops Estimates, Reaffirms FY22 Earnings View

Conagra Brands, Inc. (CAG) reported that its first-quarter adjusted net income attributable to company decreased 30.2% year-on-year driven primarily by the decrease in gross profit. Gross margin decreased 486 basis points to 25.4% in the quarter, and adjusted gross margin decreased 530 basis points to 25.4%.

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Conagra Brands Q1 Profit Tops Estimates, Organic Sales Down 0.4%; Reaffirms FY22 Adj. EPS Guidance

Conagra Brands, Inc. (CAG) reported that its first-quarter adjusted net income attributable to company decreased 30.2% year-on-year driven primarily by the decrease in gross profit. Gross margin decreased 486 basis points to 25.4% in the quarter, and adjusted gross margin decreased 530 basis points to 25.4%. Organic net sales were down 0.4%, for the quarter. Looking forward, the company reaffirmed fiscal 2022 guidance for adjusted earnings per share, and adjusted operating margin. Organic net sales growth is now expected to be approximately 1%, revised from prior guidance of approximately flat.

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Tilray Q1 Net Loss Widens - Quick Facts

Cannabis cultivator Tilray, Inc. (TLRY, TLRY.TO) reported Thursday a first-quarter net loss of $34.6 million or $0.08 per share, compared to a net loss of $21.7 million or $0.09 per share in the prior-year quarter.

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Tuesday, October 5, 2021

PepsiCo Q3 Profit Tops Estimates; Raises Guidance

PepsiCo, Inc. (PEP) reported core constant currency earnings per share growth of 5.5% for the third quarter 2021. Organic revenue growth was 9.0%. Looking forward, the company now projects full-year core constant currency earnings per share to increase at least 11 percent, and organic revenue to increase approximately 8 percent.

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Friday, October 1, 2021

AngioDynamics - Eyeing Double Digit Revenue Growth

After an upbeat fiscal first quarter, AngioDynamics Inc. (ANGO) appears confident in its future as it continues to execute its strategic plan of transformation into a high-growth Med Tech company.

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