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...
Paychex posted quarterly earnings that beat the Zacks Consensus Estimate. The human capital management services company’s adjusted earnings came in at $0.81 per share, beating the Zacks Consensus Estimate of $0.79 per share. Earnings were $0.72 per share a year ago. Revenues grew to $1.14 billion for the quarter ended May 2022, compared to $1.03 billion in the year-ago quarter. The figure...
Birks Group registered a sales growth of 26.7% year-over-year during the fiscal year ended March 26, 2022. The company, which is a manufacturer and retailer of jewellery, timepieces, silverware and gifts, experienced a comparable store sales growth of +32.5%. For fiscal 2022, the company’s gross profit as a percentage of sales was 42.0%, widening 260 basis points from fiscal 2021. The Company...
FedEx posted fourth quarter revenue that topped analysts’ expectations. The package delivery giant also issued a solid earnings outlook. FedEx’s adjusted earnings increased +37% from the year-ago quarter to $6.87 per share, in line with the $6.88 per share Wall Street consensus estimate. The company mentioned that it passed on rising fuel costs to customers, and its labor costs were lower...
FactSet Research Systems Inc. posted its third quarter fiscal 2022 earnings that surpassed the Zacks Consensus Estimate. Revenue, too, topped estimates from Zacks consensus. The data/software company’s adjusted earnings rose +38.2% from the year-ago quarter to $3.76 per share, exceeding the Zacks Consensus Estimate by 18.2% . Revenues surged +22.3% from the year-ago quarter to $488.8 million,...
KB Home posted second quarter earnings that surpassed analysts’ expectations. The homebuilding company’s earnings for the quarter came in at $2.32 a share, handily topping the $2.04 expected by analysts polled by FactSet. Earnings per share were +55% higher than the year-ago quarter. Revenue rose +19% from the year-ago quarter to $1.72 billion, also exceeded consensus expectations of $1.65...
Nike announced that it making a full exit from Russia, following three months of suspending its operations in the country. In March, the sneakers and sports apparel company had temporarily suspend operations at all its stores in Russia, in response to the latter’s war on Ukraine. On Thursday, it confirmed its complete exit from there. Nike’s revenue from Ukraine and Russia combined is less...
Lennar posted its second-quarter earnings that surpassed analysts’ expectations, leading to the homebuilding company’s shares climbing by as much as 5% in the premarket Tuesday. Net income rose to $4.49 a share, from the year-ago quarter’s $2.65 a share. Excluding mark-to-market losses on technology investments, the company’s earnings came in at $4.69, exceeding the consensus expectations of...
John Wiley & Sons posted its fourth quarter results that showed a +2% year-over-year increase in total revenue of $546 million. The publishing company’s earnings per share came in at $0.76, climbing +4% from the year-ago quarter. At constant currency, revenue was up +4% to $546 million, while earnings per share fell -6% to $1.08. For full fiscal year 2023, the company now expects earnings per...
Coda Octopus Group posted its quarterly earnings results that fell short of analysts’ expectations. The company, which specializes in underwater technologies, reported earnings of $0.05 per share for the for its second quarter ended April 30, missing analysts’ expectations of $0.08 (Fidelity Earnings reports). Coda’s revenue fell -7.3% year-over-year to $4.98 million in the quarter. Annmarie...
Hexo posted its fiscal third-quarter revenue of C$45.6 million, which is +101% higher from a year earlier. However, it fell -14% quarter-over-quarter. The cannabis company reported an adjusted loss of C$-0.045 a share, in line with expectations of analysts polled by Investing.com. According to the company, its 450 staff retrenchments will lower sales and administrative expenses by 30%, or...