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Thursday, October 5, 2023

Conagra Brands Q1 Profit Beats Estimates; Net Sales Impacted By Elongated Volume Recovery Timetable

Conagra Brands, Inc. (CAG) posted a growth of 15.8% in its first-quarter adjusted earnings per share from a year ago. Adjusted operating margin was 16.7%, a 297 basis point increase over the prior year quarter. First quarter net sales were flat with prior year, impacted by elongated volume recovery timetable. Organic net sales declined 0.3%, for the quarter, driven by a 6.6% decrease in volume largely due to industry-wide slowdown in consumption and recent consumer behavior shifts, partially offset by a 6.3% improvement in price/mix.

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Gerresheimer Q3 Adj. Net Income Declines, Revenues Up 5.5% Organic; Confirms FY Guidance

Gerresheimer AG (GRRMF.PK) reported that its third quarter net income to shareholders increased to 28.0 million euros from 27.3 million euros, last year. Earnings per share was 0.81 euros compared to 0.87 euros. Adjusted net income declined to 37.7 million euros from 37.9 million euros. Adjusted EPS was 1.07 euros compared to 1.15 euros. Revenues were 487.9 million euros compared to 473.0 million euros.

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Vivos Therapeutics In Deals With Ormco, On Demand Orthodontist; Stock Up In Pre-market

Medical device and technology company Vivos Therapeutics, Inc. (VVOS) announced Wednesday two key strategic agreements with Ormco, a division of Envista Holdings Corp. (NVST), and On Demand Orthodontist to provide Spark Clear Aligners.

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Helen Of Troy Slips Over 6% In Pre-market After Downbeat In Q2 Profit, Revenue

Shares of Helen of Troy Ltd. (HELE) were trading down on Wednesday after the company reported a decline in earnings and revenue for the second-quarter.

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Paychex Updates FY24 Business Outlook

Paychex, Inc. (PAYX) said the company now expects fiscal 2014 adjusted earnings per share growth in a range of 9% to 11%. Previously, the company projected adjusted earnings per share growth in the range of 9% to 10%. Interest on funds held for clients is now anticipated to be in the range of $140 million to $150 million. The company noted that the other aspects of guidance for fiscal 2024 remain unchanged.

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ALX Oncology More Than Doubles In Pre-market After Positive Interim Phase 2 Data From ASPEN-06 Trial

Shares of ALX Oncology Holdings Inc. (ALXO) were trading up over 114 percent on Tuesday after the company reported positive prespecified interim Phase 2 data from its ASPEN-06 clinical trial of Evorpacept for Cancer.

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American Electric Power Names Charles Zebula CFO, Reaffirms Operating Earnings Outlook

American Electric Power Co. Inc. (AEP) Monday announced the appointment of Charles Zebula as chief financial officer and executive vice president, effectively immediately succeeding Ann Kelly, who decided to leave the company.

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