Be a Smart Investor

Friday, September 29, 2023

Blue Apron More Than Doubles In Pre-market After Merger Deal With Wonder Group

Shares of Blue Apron Holdings, Inc. (APRN) are trading up over 133 percent on Friday morning, after the company announced a merger deal to be acquired by Wonder Group.

from RTT - Before the Bell https://ift.tt/0RXVdim
via IFTTT

Baudax Bio: FDA Grants Orphan Drug Designation To TI-168 For Hemophilia A With Inhibitors

Baudax Bio, Inc. (BXRX), a biotechnology company, announced Thursday that the U.S. Food and Drug Administration or FDA has granted orphan drug designation to its lead clinical candidate TI-168 for the treatment of Hemophilia A with inhibitors.

from RTT - Before the Bell https://ift.tt/ZvuQodl
via IFTTT

CarMax Slips Over 13% In Pre-market After Q2 Profit, Revenue Decline

Shares of CarMax, Inc. (KMX) were trading down on Thursday after the company reported a fall in earnings for the second-quarter, below the analysts' estimates.

from RTT - Before the Bell https://ift.tt/CVX1osm
via IFTTT

Accenture Issues FY24 Guidance

Accenture (ACN) said, for fiscal 2024, the company expects 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% over fiscal 2023. The company noted that the guidance excludes $0.56 for business optimization costs in fiscal 2024.

from RTT - Earnings https://ift.tt/ArQJslc
via IFTTT

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.

from RTT - Earnings https://ift.tt/UQPTV7t
via IFTTT

Marriott Projects 15% To 20% Growth In Adj. EPS Over Three-Year Period

Marriott International, Inc. (MAR) presented the company's three-year financial model through 2025. As per the assumptions in its three-year model, adjusted earnings per share could rise 25 to 29 percent year-over-year in 2023 and at a 10 to 15 percent two-year CAGR to reach $10.10 to $11.45 in 2025. Adjusted EBITDA could rise 18 to 21 percent year-over-year in 2023 and at a 7 to 10 percent two-year CAGR to reach $5.2 to $5.7 billion in 2025. Total gross fee revenues are projected to rise 16 to 18 percent year-over-year in 2023 and at a 6.5 to 9.5 percent two-year CAGR to reach $5.4 to $5.8 billion in 2025. Marriott shareholders could see $1.9 to $2.0 billion in dividends, assuming a 25 percent payout ratio, and $9.8 to $11.6 billion in share repurchases, for total shareholder returns of $11.7 to $13.6 billion over the three-year period.

from RTT - Earnings https://ift.tt/rdhxCnU
via IFTTT

General Mills Reaffirms FY24 Outlook - Update

While reporting financial results for the first quarter on Wednesday, branded food company General Mills, Inc. (GIS) reaffirmed its adjusted earnings growth and organic net sales growth outlook for the full-year 2024.

from RTT - Earnings https://ift.tt/oidgrwG
via IFTTT