United Community Banks To Record Q4 Charge On FDIC Special Assessment, Bond Portfolio Restructuring

United Community Banks, Inc. (UCBI) said it expects a fourth-quarter net pre-tax charge of approximately $62 million, or $0.41 per share. The charge is attributable to: an estimated pre-tax charge of approximately $10 million, or $0.07 per share, from an FDIC special assessment; and a securities loss transaction resulting in a pre-tax loss of approximately $52 million or $0.34 per share, on the sale of $316 million of bonds

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Jabil Successfully Closes Mobility Divestiture; Revises Q2 Outlook

Jabil Inc. (JBL) announced the closing of the transaction to divest its Mobility business to BYD Electronic. With the transaction closing earlier, Jabil now expects the midpoint of the prior guidance range for net revenue and core earnings per share for the second quarter to be lower by approximately $400 million and $0.30, respectively, which aligns with the guidance issued on first quarter earnings call.

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NeuroBo Submits IND Application For Phase 1 Clinical Trial Of DA-1726; Stock Up In Pre-market

NeuroBo Pharmaceuticals, Inc. (NRBO), a clinical-stage biotechnology company, Thursday said it has submitted Investigational New Drug or IND application to FDA, regarding Phase 1 clinical trial of DA-1726 for the treatment of obesity.

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Gracell Biotechnologies Surges In Pre-market After $1.2 Bln Acquisition Deal By AstraZeneca

Shares of Gracell Biotechnologies Inc. (GRCL) were trading up over 60 percent after the company signed an agreement to be acquired by AstraZeneca PLC (AZN.L, AZN) for up to $1.2 billion in cash.

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Addentax Group In Deal With Zhongjiu Yihe; Stock Up

Integrated service provider, Addentax Group Corp. (ATXG), Friday said that it has signed a Memorandum of Understanding with Zhongjiu Yihe Brand Development Co. Ltd. for strategic cooperation at national level. Following this news, stock of Addentax moved up.

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ProSiebenSat.1 Media Confirms 2023 Targets; Decides To Invest Significantly More In Local Content

ProSiebenSat.1 Media SE (PBSFF.PK) said, for 2023, the Group continues to expect to achieve financial targets specified on November 14, 2023. Group's adjusted EBITDA is projected at the lower end of the range of 600 million euros plus/minus 50 million euros forecast at the beginning of the year. Group revenues - as recently announced - will be slightly below the target range of 4.10 billion euros plus/minus 150 million euros. The Group expects that net financial debt will reduce in fiscal 2023.

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Superdry Plc: FY Profitability To Be Impacted By Challenging Trading Environment

Superdry plc (SDRY.L, SEPGF.PK, SEPGY.PK) issued a trading update covering the 26-week period to 28 October 2023. The Group said its trading performance has been significantly below management expectations. Profits for the year are projected to reflect this weaker trading seen to date. For the first half period, retail was down 13.1%, while wholesale was down 41.1%.

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Thyssenkrupp Nucera Reports Operating Profit In Q4; Total Sales Up 47%

thyssenkrupp nucera reported fourth quarter net income of 4.3 million euros compared to a loss of 1.2 million euros, last year. Profit per share was 0.03 euros compared to a loss of 0.01 euros. The company achieved an operating result of 3.5 million euros, compared to a loss of 2.6 million euros.

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Steel Dynamics Issues Q4 Earnings Guidance - Quick Facts

Steel Dynamics, Inc. (STLD) said it expects fourth quarter earnings in the range of $2.60 to $2.64 per share. The company's prior year fourth quarter earnings were $3.61 per share.

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Bunzl Plc On Track To Deliver Moderate Adjusted Operating Profit Growth In FY23

Bunzl plc (BZLFY.PK, BNZL.L) said it expects to deliver another set of good annual results, with adjusted operating profit expected to be slightly ahead of prior guidance. Group revenue in 2023 is projected to be broadly in line with 2022, at constant exchange rates and excluding the impact of the disposal of UK healthcare business. Within this, revenue growth from acquisitions is expected to be offset by the expected underlying revenue decline, reflective of lower Covid-19 related sales, the Group noted. Inclusive of the disposal of UK healthcare business, total Group revenue in 2023 is projected to be 1 to 2% lower than in 2022, at constant exchange rates, and with currency over the year expected to have minimal impact. Bunzl plc expects Group adjusted operating profit to deliver moderate growth, with operating margin expected to be slightly ahead of the previous record level.

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FactSet Q1 Results Top Estimates, But Trims FY24 Outlook

FactSet Research Systems, Inc. (FDS) reported Tuesday that net income for the first quarter increased to $148.56 million or $3.84 per share from $136.80 million or $3.52 per share in the prior-year quarter.

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Accenture Confirms Business Outlook For FY24

Accenture (ACN) said it continues to expect fiscal 2024 GAAP EPS to be in the range of $11.41 to $11.76, an increase of 6% to 9% over fiscal 2023. Adjusted EPS is projected to be in the range of $11.97 to $12.32, an increase of 3% to 6%. This excludes $0.56 for business optimization costs in fiscal 2024, the company noted.

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Superdry Plc: FY Profitability To Be Impacted By Challenging Trading Environment

Superdry plc (SDRY.L, SEPGF.PK, SEPGY.PK) issued a trading update covering the 26-week period to 28 October 2023. The Group said its trading performance has been significantly below management expectations. Profits for the year are projected to reflect this weaker trading seen to date. For the first half period, retail was down 13.1%, while wholesale was down 41.1%.

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Masonite To Buy PGT Innovations In $3 Bln Cash, Stock Deal

Masonite International Corp. (DOOR), a manufacturer of interior and exterior doors and premium door systems, announced Monday a definitive agreement to acquire PGT Innovations, Inc. (PGTI), a manufacturer of patio door and premium window solutions. The deal is for a combination of cash and Masonite shares with a total transaction value of $3 billion.

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Thyssenkrupp Nucera Reports Operating Profit In Q4; Total Sales Up 47%

thyssenkrupp nucera reported fourth quarter net income of 4.3 million euros compared to a loss of 1.2 million euros, last year. Profit per share was 0.03 euros compared to a loss of 0.01 euros. The company achieved an operating result of 3.5 million euros, compared to a loss of 2.6 million euros.

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Steel Dynamics Issues Q4 Earnings Guidance - Quick Facts

Steel Dynamics, Inc. (STLD) said it expects fourth quarter earnings in the range of $2.60 to $2.64 per share. The company's prior year fourth quarter earnings were $3.61 per share.

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Apellis Stock Tanks On Disappointing Regulatory Update On Pegcetacoplan

Apellis Pharmaceuticals Inc. (APLS), Thursday, announced that it expects the European Medicines Agency's Committee for Medicinal Products for Human Use, or CHMP, to adopt a negative opinion on the authorization application of intravitreal Pegcetacoplan.

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Ocular Therapeutix Prices Public Offering At $3.25/share

Biopharmaceutical company, Ocular Therapeutix, Inc. (OCUL), Thursday announced the pricing of an underwritten public offering of 30.8 million shares at $3.25 per share, to raise $100.1 million.

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Bunzl Plc On Track To Deliver Moderate Adjusted Operating Profit Growth In FY23

Bunzl plc (BZLFY.PK, BNZL.L) said it expects to deliver another set of good annual results, with adjusted operating profit expected to be slightly ahead of prior guidance. Group revenue in 2023 is projected to be broadly in line with 2022, at constant exchange rates and excluding the impact of the disposal of UK healthcare business. Within this, revenue growth from acquisitions is expected to be offset by the expected underlying revenue decline, reflective of lower Covid-19 related sales, the Group noted. Inclusive of the disposal of UK healthcare business, total Group revenue in 2023 is projected to be 1 to 2% lower than in 2022, at constant exchange rates, and with currency over the year expected to have minimal impact. Bunzl plc expects Group adjusted operating profit to deliver moderate growth, with operating margin expected to be slightly ahead of the previous record level.

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Despegar.com Raises Full-year Revenue Outlook Above View

Travel technology company, Despegar.com, Corp. (DESP), Wednesday announced its revised revenue outlook for the full year, better than the consensus estimate.

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Pfizer Sees FY24 Adj. EPS, Revenues Below Market; Stock Down In Pre Market

Drug major Pfizer Inc. (PFE) on Wednesday said it expects higher adjusted earnings and revenues for fiscal 2024, but both below market estimates.

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Dollarama Q3 Net Income Rises; Comps. Up 11.1%

Dollarama Inc. (DOL.TO) reported third quarter net earnings of C$261.1 million, or C$0.92 per share, compared to C$201.6 million, or C$0.70 per common share, prior year. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of C$0.86, for the quarter. Analysts' estimates typically exclude special items.

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Polar Capital Technology Trust H1 Pretax Loss Narrows On Revenue Basis - Quick Facts

Polar Capital Technology Trust PLC reported first-half total pretax profit of 333.1 million pounds compared to a loss of 280.9 million pounds, prior year. Basic profit per share was 266.31 pence compared to a loss of 215.58 pence. On a revenue return basis, loss before tax narrowed to 2.9 million pounds from a loss of 3.2 million pounds, last year. Basic loss per share on a revenue return basis was 3.03 pence compared to a loss of 3.30 pence.

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Nokia Lowers Comparable Operating Margin Target To Be Achieved By 2026 - Quick Facts

Nokia (NOK) said the company has decided to lower comparable operating margin target to be achieved by 2026 from the prior at least 14% to at least 13%. Nokia believes 14% target remains achievable over the longer term. Nokia projects for both NI and CNS to grow faster than the market through 2026 while Mobile Networks will face challenges in 2024 and 2025 before returning to grow faster than the market in 2026. The company's other targets remain unchanged.

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SigmaTron Intl. Q2 Profit Falls

SigmaTron International, Inc. (SGMA) Friday announced a sharp fall in second-quarter profit, compared to the prior year on lower revenues and discontinued operations.

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Johnson Outdoors Slips To Loss In Q4

Johnson Outdoors Inc. (JOUT) reported Friday a net loss for the fourth quarter of $16.01 million or $1.56 per share, compared to net income of $9.65 million or $0.95 per share in the prior-year quarter.

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Hello Group Q3 Net Income Rises; Total Net Revenues Down 5.9%

Hello Group Inc. (MOMO) reported third quarter net income attributable to Hello Group of RMB 546.4 million, compared to RMB 450.8 million, prior year. Net income per ADS was RMB 2.75, compared to RMB 2.20. Non-GAAP net income attributable to Hello Group was RMB 605.9 million, compared to RMB 535.8 million, prior year. Non-GAAP net income per ADS was RMB 3.05, compared to RMB 2.60.

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Dollar General Reiterates FY23 Outlook; Declares Dividend - Update

While reporting financial results for the third quarter on Thursday, Dollar General Corp. (DG) reiterated its earnings, net sales growth and same-store sales guidance for the full-year 2023.

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Coats Group Agrees With UK Pension Scheme Trustee To Switch Off Deficit Repair Payments; Stock Up

Textile Manufacturer Coats Group plc (COA.L) Thursday said that it has entered into an agreement with UK Pension Scheme Trustee to switch off the monthly deficit repair payments, as a result of improvements in funding over the full year 2022.

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Future Plc FY23 Adj. Profit Declines; Revenue Down 10% On Organic Basis

Future plc (FUTR.L) reported fiscal 2023 profit before tax of 138.1 million pounds, down 19% from previous year. Earnings per share was 94.1 pence compared to 100.9 pence. Adjusted operating profit declined 6% to 256.4 million pounds. Adjusted EPS was 140.9 pence compared to 163.5 pence.

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AstroNova Q3 Net Income Rises

AstroNova, Inc. (ALOT) reported third quarter net income of $2.8 million, or $0.37 per share, compared with $289 thousand, or $0.04 per share, a year ago. On a non-GAAP basis, net income for the third quarter of fiscal 2023 was $829 thousand, or $0.11

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United Natural Foods Affirms FY24 Outlook For Adj. Per Share Results, Net Sales - Update

While reporting financial results for the first quarter of fiscal 2024 on Wednesday, United Natural Foods, Inc. (UNFI) reaffirmed its adjusted per share results and net sales guidance for the full-year 2024, while slashing reported loss per share outlook.

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Korn Ferry Q2 Profit Tops Estimates

Korn Ferry (KFY) posted a second quarter net loss attributable to Korn Ferry of $1.7 million compared to net income of $73.5 million, last year. Loss per share was $0.04 compared to profit of $1.38. The company noted that its per share result included a $52.8 million, or $1.01 per share, net of tax charge, primarily relating to restructuring actions. Adjusted earnings per share declined to $0.97 from $1.43, a year ago. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.95, for the quarter. Analysts' estimates typically exclude special items.

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Paragon Banking FY Underlying Profit Before Fair Value Items Rises - Quick Facts

Paragon Banking Group PLC (PAG.L) reported that its fiscal year statutory profit before tax fell by 52.2% to 199.9 million pounds, reflecting the unwinding of non-cash accounting fair value gains reported in prior year. Reported EPS fell 46.8% to 68.7 pence. Underlying profit before fair value items increased by 25.4% to 277.6 million pounds. Underlying EPS increased 34.8% to 94.2 pence.

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NIO Inc. Q3 Loss Widens; Total Revenues Up 46.6%

NIO Inc. (NIO) reported on Tuesday a third quarter net loss attributable to NIO's ordinary shareholders of RMB 4.63 billion or $634.41 million, sharply wider than RMB 4.14 billion in the prior-year quarter. Net loss per ADS was RMB 2.67, compared with a loss of RMB 2.53.

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Moonpig Group H1 Adj. Pretax Profit Rises; Pro Forma Revenue Growth At 2.1%

Moonpig Group plc (MOON.L) reported that its first half profit before tax increased to 18.9 million pounds from 9.1 million pounds, last year. Earnings per share was 4.0 pence compared to 1.7 pence. Adjusted profit before tax was 20.8 million pounds, up 9.7%. Earnings per ordinary share before adjusting items was 4.4 pence compared to 4.2 pence.

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Hormel Foods Issues FY24 Guidance; Remains Focused On Strategic Priorities

Hormel Foods Corp. (HRL) said it expects fiscal 2024 to be a year of investment, consistent with the plan outlined at investor day. For fiscal 2024, the company expects: net sales growth of 1% to 3%; net earnings per share to be $1.43 to $1.57; and adjusted net earnings per share to be $1.51 to $1.65. The company noted that its adjusted net earnings per share guidance excludes the estimated impact of $0.08 per share from one-time and nonrecurring costs. Hormel Foods stated that consistent dividend growth remains one of its top priorities.

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Dollar Tree Trims FY23 Earnings, Revenue Outlook - Update

While reporting financial results for the third quarter on Wednesday, Dollar Tree, Inc. (DLTR) provided guidance for the fourth quarter and trimmed its earnings and revenue guidance for the full-year 2023.

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Genesco Slashes FY24 Earnings Outlook As Q3 Results Miss Estimates

Specialty retailer Genesco, Inc. (GCO) on Friday reported that net income for the third quarter plunged to $6.54 million or $0.60 per share from $20.38 million or $1.65 per share in the prior-year quarter.

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