Amplify Snack Brands, Inc., the maker of SkinnyPop popcorn, is expected to price its initial public offering Tuesday evening.
Fifteen million shares will be sold in the IPO by the selling shareholders, which include certain directors and officers of the company. The underwriters have the option to...
Actress Jessica Alba and her consumer goods company have earned the wrath of disgruntled customers, who have complained that the company's sunscreen is ineffective and does not provide proper protection against sunburn.
Cereal maker Kellogg Co. reported Tuesday a profit for the second quarter that decreased 25 percent from last year, hurt by Venezuela business charges and a drop in sales amid negative currency translation impact. Comparable earnings per share matched analysts' expectations, while quarterly sales topped their estimates. The company also reaffirmed guidance range for the full-year 2015.
Hyatt Hotels Corp. on Tuesday reported a 46 percent decline in profit for the second quarter from last year on lower revenues from its owned and leased hotels. Both revenue and adjusted earnings for the quarter missed analysts' expectations.
Office products supplier Office Depot, Inc. reported a loss for the second quarter that narrowed from last year on positive same-store sales growth and higher margins that helped offset a decline in sales. Adjusted earnings per share matched analysts' expectations, while quarterly revenues missed their estimates.
Grain processor Archer Daniels Midland Co. Tuesday said its second-quarter profit declined from the prior year, amid lower revenues. The company noted that domestic and export demand for ethanol was robust, but record industry production limited margins.
Drugstore chain CVS Health Corp. reported Tuesday a profit for the second quarter that edged up from last year, reflecting revenue growth. Same store sales for the retail pharmacy rose 0.5 percent over last year. Adjusted earnings per share beat analysts' expectations and revenues were roughly in line despite missing out on cigarette sales.
Three major US-based airliners have banned the shipment of big-game trophies on their flights. Delta Air Lines, United and American Airlines have not cited any reason for the ban, but the announcements come a month after Cecil the lion was shot to death in Zimbabwe, which triggered global outrage. Cecil was a 13-year-old male African lion who primarily lived in the Hwange National Park in Matabe
Early indications suggest that Wall Street may have a flat start on Tuesday after yesterday's lackluster showing. Global cues are not very encouraging, with Asian stocks closing mostly lower, while the European markets have turned mixed after a negative start. Commodities are grinding higher after their...
Here is a quick summary of the earnings reported after the bell on August 3.
1. Veeco Instruments Inc. (VECO)
Q2 net loss was $8.4 million or $0.21 per share vs. net loss of $15.2 million or $0.39 per share a year ago.
Q2 non-GAAP net income was $8.4 million or $0.20 per share vs. non-GAAP...
Precious metals miner Fresnillo Plc. posted a sharp decline in its first-half profit, reflecting higher expenses and lower commodity prices. Revenues were boosted by strong production of gold and silver. Looking ahead, Chief Executive Officer Octavio Alvídrez said, "We continue to advance development rates at Fresnillo, which should result in increased production by the year end..."
German tire maker Continental AG (CTTAY.PK) Tuesday reported increased profit and sales for the second quarter and first half, and raised its earnings forecast for fiscal year 2015, despite a challenging environment. The stock gained around 4 percent in early trade.
German luxury car giant Bayerische Motoren Werke AG or BMW Group reported Tuesday a net profit for the second quarter that declined 1 percent from last year, reflecting higher personnel costs, increased expenditure on new product start-ups and a change in the model mix. However, group revenues improved 20 percent.
French lender Credit Agricole Group reported Tuesday significant increase in the second-quarter earnings, benefited mainly by strong results in Crédit Agricole S.A, despite weakness in regional banks' performance. Revenues also climbed from last year with improved results in its business lines. In Paris, Credit Agricole shares were losing around 9 percent.
European stocks are set to open slightly lower on Tuesday as the rout in commodities ranging from oil to gold shows no signs of abating. Stock-specific movements may be seen as investors await another batch of earnings reports and the all-important U.S. jobs report due on Friday, which could provide...