American Electric Power posted its second quarter earnings that surpassed analysts' expectations. Revenue, however, came in lower than expected by the Street. The electric utility company’s earnings for the quarter were $1.21 per share, well above the $1.17 expected by analysts polled by Investing.com. Revenue of $4.01 billion came in slightly lower than expectations of $4.04 billion...
RVL Pharmaceuticals plc. announced its preliminary second quarter FY22 sales from Upneeq of $8.4 million. The figure represents a +42% growth sequentially. Upneeq is an approved ophthalmic solution for droopy eyelids. The company also mentioned that it had received orders from approximately 2,200 cumulative unique medical aesthetics practices from February through June of 2022. CEO Brian...
Costco has reportedly raised the prices of two of its popular food court items. According to information provided to Nexstar from several Costco locations throughout the U.S., the chicken bake price climbed from $2.99 to $3.99, while the price of a soda was raised from 59 cents to 69 cents. (as mentioned by The Hill). While a representative for Costco’s corporate offices declined to comment...
GameStop shares slipped on Friday, after the video game retailer fired its CFO, Michael Recupero, amid reports of wider staffing cuts. This comes less than 24 hours of its announcing a four-for-one stock split. According to a Securities & Exchange Commission filing, GameStop’s chief accounting officer, Diana Saadeh-Jajeh, will replace Recupero. Meanwhile, Axios reported that the company is...
Levi Strauss posted its fiscal second quarter earnings that exceeded analysts’ expectations. The denim behemoth also topped revenue estimates. For the quarter ending ending May 29, Levi’s adjusted earnings came in at 29 cents per share, well above the 23 cents expected by analysts polled by Refinitiv. Revenue rose +15% from the year-ago quarter to $1.47 billion, beating analysts’ expectations...
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Tesla posted second quarter deliveries that were lower than expected by analysts, amidst plant closures in China and disruptions in global supply chain. During the quarter ending in June, the electric carmaker delivered 254,695 new cars -- up 26.7% from last year. The is weaker than analysts’ original expectations of around 295,000 (but even that estimate was lowered over the past week...
SMART Global Holdings, Inc. posted quarterly adjusted earnings of $0.87 per share, surpassing the Zacks Consensus Estimate of $0.75 per share. Earnings were higher than $0.70 per share a year ago. The electronics company’s revenue in the quarter ended May 2022 rose to $462.54 million (from the year-ago quarter’s $437.73 million), and also topped the Zacks Consensus Estimate by 1.65%. The...
Mexco Energy Corporation posted net income of $1.36 per diluted share, for fiscal year 2022, compared to $0.08 per diluted share for fiscal 2021. Operating revenues in fiscal 2022 rose +135% to $6,587,780, on the back of 22% increase in barrels of oil equivalent (BOE) production and a 93% increase in BOE prices. The Company was engaged in the drilling of 40 wells consisting of 36 horizontal...
Beyond Air posted a loss of ($0.73) a share for the quarter, missing analysts’ consensus estimates of ($0.24). In the year-ago quarter, the company posted ($0.24) EPS. Analysts expect Beyond Air earnings per share of -1.18 for for the current year. Beyond Air shares got a price target raise by LADENBURG THALM/SH SH from $17.00 to $23.00 in a research report sent to investors on Wednesday,...
MamaMancini's Holdings Inc. has agreed to buy a 24% minority interest in Chef Inspirational Foods, Inc. for $1.2 million – consisting of $0.50 million in cash and $0.70 million in MamaMancini's common stock. The deal would imply an enterprise value of $5 million for Chef Inspirational Foods (CIF). Under the terms of the agreement, MamaMancini's would retain the option to acquire the remaining...
Walgreens Boots Alliance reported a decrease in earnings per share to 33 cents in the fiscal third quarter, compared with $1.38 in the year-ago quarter. Adjusted earnings per share came in at 96 cents, surpassing analysts’ expectations of 92 cents per share. The pharmacy retail company’s sales from continuing operations decreased -4.2 percent from the year-ago quarter to $32.6 billion. The...
Edible Garden AG Inc. has entered into a collaborative product development agreement with nutritional products developer, Nutracom. The companies aim to develop proprietary lines of Farm to Formula nutraceuticals and other food products, and to distribute them via the Edible Garden platform. Vitamins, plant and whey proteins, and other products that use every part of the plant, will be among...
Tsakos Energy Navigation Ltd. reported a first-quarter FY22 Voyage revenue of $149.7 million, missing the consensus of $152.71 million. It is + 7.7% higher year-over-year. The company’s loss narrowed to $(0.12) a share from $(0.80) in the year-ago quarter, and also beat consensus of $(0.21). The operating margin expanded by 480 bps to 6.4%. Adjusted EBITDA climbed +13.1% year-over-year to...
Bassett Furniture Industries Inc. reported fiscal second-quarter earnings of $0.81 per share that exceeded the consensus of $0.45. Revenue grew + 17% year-on-year to $128.71 million, exceeding the consensus of $117.38 million. Wholesale sales climbed +15.3% Y/Y, while Retail increased by +21%. Gross margin fell -70 basis points to 51.2%. However, the operating margin widened from 6.4% in the...
Guardforce AI Co Ltd is collaborating with Hong Kong Industrial Artificial Intelligence and Robotics Centre Limited (FLAIR) to work on developing Robotics-as-a-Service (RaaS) solutions and artificial intelligence (AI) cloud platforms across the globe. Under the terms of the partnership, Guardforce AI will get access to FLAIR’s technical expertise over an initial two-year period, starting...
Elbit Systems Ltd has bagged a contract valued at $548 million to supply military-wide multi-domain combat networked warfare capabilities to the Armed Forces of a Asia-Pacific country. "This significant contract award to execute a military-wide networked warfare program further validates the leading position we hold in the growing areas of C4ISR and multi-domain networked warfare," said CEO...
Pfizer Inc has submitted a application to the FDA for the approval of Paxlovid, which is intended to treat patients at high risk for progression to severe illness from COVID-19. Currently, Paxlovid is authorized for emergency use for mild-to-moderate COVID-19 in adults and pediatric patients at high risk for progression to severe COVID-19. The submission includes non-clinical and clinical...
Simply Good Foods posted quarterly adjusted earnings of $0.44 per share, exceeding the Zacks Consensus Estimate of $0.35 per share. Earnings were $0.43 per share a year ago. Revenues of $316.53 million for the quarter ended May 2022, surpassed the Zacks Consensus Estimate by 8.60%. Revenues were $284 million in the year-ago qaurter. The company has exceeded consensus revenue expectations four...
Cognyte Software posted $86.4 million in Q1 GAAP revenue, thereby falling short of the analyst consensus estimate by nearly 23%. The company incurred a loss of -79 cents per share, while analysts’ had expected earnings of 12 cents a share. In the prior-year quarter, earnings were 20 cents per share. CEO Elad Sharon said he’s “disappointed” with the quarterly results, while he blamed “slow...