Plus   Neg

Cambrex Updates Outlook - Quick Facts

Cambrex Corp. (CBM) announced the company now expects full year adjusted net revenue, which excludes the impact of foreign currency and the adoption of ASC 606, to be between down 1% and down 3% and adjusted EBITDA to be between $153 and $159 million, excluding the impact of the Halo acquisition.

For the third-quarter, adjusted EBITDA, which excludes the impact of adopting ASC 606, Halo's results and acquisition and integration costs, was $28.1 million. Net revenue decreased 7% under current U.S. GAAP, ASC 606.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon plans to more than double its corporate workforce in Las Vegas by creating 125 additional jobs in the city. The e-commerce giant recently opened a new 30,000 square foot office in Town Square in downtown Las Vegas and plans to expand its corporate workforce in the area to support its Human Resources division. Amazon also said it will donate $100,000 to two food bank partners. Consumer Reports has once again recommended Tesla's Model 3 and Model S sedans as reliable, after the vehicles were previous downgraded by the organization. Consumer Reports said that the two sedans regained its recommendation due to improved reliability reports from owners of the cars, based on the results of its annual Auto Reliability Survey that were announced Thursday. Sears Holdings recalled about 700 units of Kenmore Elite microwave ovens for possible electrical burn hazard, a statement by the U.S. Consumer Product Safety Commission said. The company said the incorrect wiring of the microwave oven causes its exterior to reach temperatures exceeding 183 degrees fahrenheit that could result in a burn hazard to the user.
Follow RTT