CNBC's Scott Wapner is joined by Appaloosa Management's David Tepper, who owns the Carolina Panthers, to discuss the opening of the Tepper Quad, which will house the Tepper School of Business of Carnegie Mellon University.
In the Americas segment, the price effect was strongly positive with plus EUR 70 million whereas in Europe, we had a negative price effect of EUR 36 million mainly due to the weaker automotive business. OpEx increased by EUR 46 million, mainly due to higher business-driven expenses. Also included in OpEx are BPO, business process outsourcing expenses of EUR 7 million, mainly for severances and nonrecurring income of EUR 5 million from the Deepwater Horizon settlement in the U.S. Our measures, One Europe and One U.S. contributed, in total, EUR 23 million.
Alcentra Capital Corporation - CEO * Vijay P. Rajguru Alcentra Limited - Global Co-CIO
Shares of Lumber Liquidators (NYSE: LL) fell 10% on Monday morning after the specialty hardwood flooring retailer posted a fourth-quarter loss due to accruals from legal settlements and warned of weakness in the upcoming first quarter. Lumber Liquidators has been bogged down by poor publicity and mounting legal fees stemming from a 2015 media report claiming that the company misled investors and consumers about selling laminate flooring that contained excessive amounts of the carcinogen formaldehyde. Lumber Liquidators also has a memorandum of understanding with plaintiffs in litigation relating to the claims, agreeing to contribute $14 million in cash and provide $14 million in store-credit vouchers while not admitting to any fault or liability.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). Middlesex Water has a price to earnings ratio of 29.61, based on the last twelve months. How Do You Calculate A P/E Ratio?
Cannabis stocks were higher Monday, as investors reacted to the latest tie-ups in the sector and awaited the release of quarterly earnings from Tilray Inc. after the close. Tilray shares (TLRY) were up 1.1%, ahead of the company's fourth-quarter earnings, which are expected to signal whether or not the company can actually sell pot. The company's third-quarter numbers came just two weeks after Canada legalized cannabis on Oct. 17, and showed they had not sold any recreational cannabis.
Former Reagan Economist Art Laffer on U.S. trade negotiations with China, 2020 Democratic presidential candidate Beto O'Rourke's comments about climate change and the hot job market in Nashville, Tennessee.
The Joint Ministerial Monitoring Committee of oil producers on Monday reported a sizable improvement in compliance with production cuts implemented at the start of this year and recommended that the Organization of the Petroleum Exporting Countries cancel its ministerial meeting scheduled for April. In Baku, Azerbaijan, the committee, also referred to as the JMMC, pegged compliance with the production pact at almost 90% in February, up from 83% in January. OPEC members had agreed to trim 800,000 barrels a day from October's production levels for six months through June of this year, with Russia and other allied producers cutting another 400,000 barrels a day to total 1.2 million barrels in cuts.
Standard & Poor's placed Kraft Heinz on CreditWatch Negative. The company missed an extended deadline to file its annual report with the SEC Thursday. Standard & Poor's on Monday placed Kraft Heinz KHC on CreditWatch Negative after the struggling food giant failed to file its annual report with the Securities and Exchange Commission even after an extended deadline.
Boeing Co. (ba) investors are mostly focusing on how long and how expensive it will be for the aircraft maker to fix the problems that led to the two fatal crashes in less than five months, and how much to compensate airlines and bereaved families, said analysts at Vertical Research Partners, led by Robert Stallard. The analysts expect the 737 Max to be grounded for about 2 months, but that could be an "optimistic assessment" as the U.S. Federal Aviation Administration's approval process for the plane is being questioned, the analysts said in a note Monday. Shares of Boeing fell 2.5% on Monday.
Investors would struggle to find an industry that's growing at a faster and more consistent pace than the legal marijuana industry. According to an annual report from Arcview Market Research and BDS Analytics, global cannabis sales are set to rise from less than $10 billion in 2017 to an estimated $31.3 billion by 2022. With Canada having legalized recreational marijuana, 33 U.S. states giving the green light to adult-use weed in some capacity, and more than 40 countries now on board with legalized cannabis to some degree, Wall Street and investors envision a pretty clear path to substantive profits for most pot stocks.
Commerzbank is working with investment banks Goldman Sachs and Rothschild, as well as with law firm Hengeler Mueller, on a potential deal with Deutsche Bank, people close to the matter said on Monday. The lenders on Sunday confirmed that they are holding merger talks, following months of pressure from Berlin, which has pushed for a deal amid concerns about the health of Deutsche Bank, and prompting criticism from unions and policy makers in Berlin. The banks declined to comment, while Hengeler Mueller confirmed the mandate.
Revenue is growing faster than that because Momo is getting better at monetizing its traffic through membership subscriptions and virtual gifting revenue. Even more growth for HUYA As solid as Momo's growth may be, HUYA is growing more than twice as fast. Revenue for the company that many are describing as "the Twitch of China" saw its revenue skyrocket 103% in its latest quarter.
Billionaire and Berkshire Hathaway CEO Warren Buffett discusses the plan for Haven, his health care joint-venture with Jeff Bezos, Chairman & CEO of Amazon and Jamie Dimon, Chairman & CEO of JPMorganChase.
In addition, the company's guidance for $835 million to $855 million of revenue in fiscal 2020 fell far short of the $965 million that Cloudera projected in its S-4 merger document last fall. While the headlines look bad, there's an awful lot of noise going on beneath these numbers, mostly involving accounting issues surrounding the integration of Hortonworks, which officially merged with Cloudera on Jan. 3. Sales disruption expected over the next two quarters and an accounting change are throwing off this year's numbers quite a bit.
Good afternoon, and welcome to Everspin Technologies Fourth Quarter and Full Year 2018 Earnings Conference Call. I'm Leanne Sievers, President of Shelton Group, Everspin's Investor Relations firm. Joining me today are Kevin Conley, Everspin's President and CEO; and Jeff Winzeler, Chief Financial Officer.
Fidelity National Information Services Inc (FIS) agreed to buy Worldpay for about $35 billion (26.4 billion pounds) on Monday, with the U.S. financial services provider striking the biggest deal to date in the fast-growing electronic payments industry. The financial technology sector is consolidating fast, with global payments set to reach $3 trillion a year in revenue by 2023 as more people switch from cash to digital payments for online and high street sales, consulting firm McKinsey predicts. "Scale matters in our rapidly changing industry," said FIS Chief Executive Officer Gary Norcross, who will lead the combined powerhouse in banking and payments infrastructure.
Levi Strauss & Co. began as a dry goods business in San Francisco in 1853, invented blue jeans 20 years after that, and now, nearly 150 years later, has filed for its second initial public offering. Levi Strauss has applied to trade on the New York Stock Exchange under the ticker symbol “LEVI,” (LEVI) the company said in its prospectus. The company announced Monday that it will offer 36.7 million shares priced from $14 to $16 apiece. There are 12 underwriters on the deal led by Goldman Sachs & Co. (GS) The company plans to use the proceeds for “general corporate purposes” including operating expenses, though it could also use some of the money for acquisitions and strategic investments.
The latest earnings update The Trade Desk, Inc. (NASDAQ:TTD) released in December 2018 confirmed that the business experienced a large tailwind, eventuating to a high double-digit earnings growth of 74%. Below, I've laid out key growth figures on how market analysts view Trade Desk's earnings growth outlook over the next couple of years and whether the future looks even brighter than the past. Market analysts' prospects for the upcoming year seems pessimistic, with earnings reducing by a double-digit -16%.
Micron Technology Inc. faces a lowered bar for its quarterly results, but will need to show signs of a turnaround in the memory chip market later to avoid yet more concerns. The Boise, Idaho-based chip maker has had to contend with its own success after booking record sales in its most recent August-ending quarter as vendors scrambled to stock up on DRAM and NAND memory chips while prices were on the rise. DRAM, or dynamic random access memory, is the type of memory commonly used in PCs and servers, while NAND chips are the flash memory chips used in USB drives and smaller devices such as digital cameras.
But while California claims the biggest legal marijuana market in the world, the state got off to a rocky start last year with the launch of its recreational pot market. If California cuts some of its red tape that is limiting the cannabis industry and lowers its too-high tax rates as some legislators are proposing, it could pave the way for MedMen's sales to soar. Probably the biggest near-term catalyst for MedMen is its pending acquisition of PharmaCann.
On target to achieve an annual production run rate of 75,000 kilograms of marijuana by the end of Q3 From CEO Michael DeGiglio's remarks: [B]y the end of April, all quadrants -- the entire facility -- will be licensed [for cultivation] and producing. And we had mentioned previously that we felt we could be on a run rate by the beginning of the third quarter [of] 75,000 [kilos per year]. W]e're right on [target].
Long term The Home Depot, Inc. (NYSE:HD) shareholders would be well aware of this, since the stock is up 127% in five years. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). Over half a decade, Home Depot managed to grow its earnings per share at 21% a year.
Innovative Industrial Properties (NYSE: IIPR), a real estate investment trust (REIT) focused on the cannabis sector, reported strong fourth-quarter and full-year 2018 results last Wednesday, with its semiannual analyst conference call following on Thursday. For the quarter, the San Diego-based REIT's revenue jumped 110% to $4.8 million. Operating income surged 215% to $1.8 million, net income rocketed 720% to $2.3 million -- which translated to earnings per share (EPS) soaring 243% to $0.24 -- and adjusted funds from operations (AFFO) leaped 65% to $0.38 per share.
Why Did Raymond James Upgrade AT&T Stock on Friday? (Continued from Prior Part)Fourth-quarter results AT&T (T), the second-largest US wireless carrier, met its earnings estimates but missed on revenue in the fourth quarter of 2018.
In this regard, we expect to see -- we expect to have clinical data from several Phase I vaccine programs published in the next few months, which include Ebola vaccine study, MERS U.S. vaccine trial, HIV vaccine study and the Puerto Rico Zika vaccine trial. So why is this important. This data is important because they are among the highest responses we've seen in any DNA vaccine, actually with any vaccine.