No. 2 Kentucky stunned at home by Evansville

A week after defeating top-rated Michigan State in a 1-vs.-2 showdown in the Champions Classic at Madison Square Garden that would have almost certainly moved Kentucky into the No. 1 spot in the next Coaches Poll, the Wildcats were upset at home by unranked Evansville, 67-64, Tuesday night.

The Purple Aces led for most of the game. Evansville took a 15-13 lead at the 11:20 mark of the first half after a layup by DeAndre Williams. Evansville led 34-30 at the half, and built a seven-point lead twice in the second half before Kentucky tied it at 46-46 after Tyrese Maxey made a three-pointer at the 12:29 mark. Evansville took a 56-53 lead on a three-point shot by K.J. Riley with 7:18 left and didn't trail the rest of the game.

Kentucky trimmed Evansville's lead to one with nine seconds remaining on Maxey's layup. But Evansville's Sam Cunliffe made both of his free throws after a foul, and Maxey missed a three-point attempt on the Wildcats' last shot at tying the game. 

While Evansville improved to 2-0 on the season, Kentucky fell to 2-1.

SmileDirectClub loss widens for quarter as revenue surges

SmileDirectClub Inc. reported a wider loss late Tuesday as revenue soared, but third-quarter results were still better than Wall Street expected from the dental products company.

SmileDirectClub SDC, -6.50% shares were volatile in the extended session, swinging between gains and loses, and were last down 2% after hours, following a 6.5% decline to close the regular session at $11.08.

The company reported a third-quarter loss of $88.3 million, or 89 cents a share, compared with a loss of $15 million in the year-ago period.

Revenue rose to $180.2 million from $119.7 million in the year-ago quarter.

Analysts surveyed by FactSet had forecast earnings of 97 cents on revenue of $165.4 million.

Read: SmileDirectClub stock falls then recovers after scathing report from short seller

SmileDirectClub expects full-year revenue of $750 million to $755 million for the year, while analysts forecast revenue of $746.5 million.

“Q3 was a good quarter. We were able to demonstrate our ability to execute, said SmileDirectClub Chairman and CEO David Katzman in a statement. “Overall, our business is better positioned than ever to capitalize on the massive market opportunity in front of us, and we look forward to demonstrating that in the quarters to come.”

SmileDirectClub shares went public in September at $23 and have struggled since.

Enel 9-Month Profit Down

Enel (ENLAY.PK,EN) Tuesday said its group net income for first nine months of 2019 dropped to 813 million euros from 3.02 billion euros last year.

The bottom line was negatively impacted by impairment recognized on a number of coal-fired plants.

On an adjusted basis, net income rose 14.1% to 3.30 billion euros from 2.89 billion euros last year.

EBITDA for the first nine months of 2019 rose 8.9% to 13.21 billion euros from 12.13 billion euros last year.

Ordinary EBITDA gained 10.5% to 13.27 billion euros from 12.01 billion euros a year ago. The increase reflects the performance of Infrastructure and Networks in Latin America, which benefitted from the results posted by Enel Distribuição São Paulo and regulatory changes in Brazil and Argentina.

Revenues for the first nine months of 2019 were 57.12 billion euros, up 3.4% from 55.25 million euros last year.

Revenue increase was mainly driven by the activities of Infrastructure and Networks, especially in Latin America thanks to the contribution of Enel Distribuiçao Sao Paulo in Brazil and the settlement of pending regulatory issues in Argentina, as well as to Thermal Generation and Trading activities, mainly in Italy.

Closed on Thanksgiving 2019: Costco, Sam’s Club, Nordstrom, Home Depot keep with tradition

Dozens of retailers are keeping with their Thanksgiving tradition of keeping bricks-and-mortar store doors closed on the holiday.

Costco, Ikea, Sam’s Club and Lowe’s are among the biggest retailers waiting until Black Friday to start offering the in-store doorbuster sales.

Yet this year, two major retailers, Bed Bath & Beyond and GameStop, have reversed course and will open Nov. 28, Thanksgiving.

According to independent marketing intelligence firm MiQ’s 2019 Holiday Shopping report, 88% of consumers plan to shop, either online or in stores, on at least one of the three major shopping days – Thanksgiving Day, Black Friday and Cyber Monday – with 47% planning to shop all three.

Black Friday 2019: Get a jump on your holiday shopping plans with early look at ads

‘Tis the season for gift card scams: Be on the lookout for these potential schemes

Amazon Plans To Launch New Line Of Grocery Stores: Report

Online retail giant Amazon.com Inc. (AMZN) is reportedly opening a new line of grocery stores separate from its existing Whole Foods and Amazon Go chains.

According to CNET, an Amazon spokesperson confirmed that, “Amazon is opening a grocery store in Woodland Hills in 2020.” Woodland Hills is a neighborhood in Los Angeles, California.

The company said the new store will be different from Amazon-owned Whole Foods. The new store will not use Amazon Go’s cashless technology that allows customers to check out without waiting in line. Instead, checkout will be conventional as at other grocery stores, the company said.

Earlier this year though, the Wall Street Journal reported Amazon was planning on opening a new grocery chain that would be different from the Whole Foods brand.

EARNINGS SUMMARY: Details of Globalstar Inc. Q3 Earnings Report

Below are the earnings highlights for Globalstar Inc. (GSAT):

-Earnings: $21.11 million in Q3 vs. $9.02 million in the same period last year.
-EPS: -$0.01 in Q3 vs. -$0.02 in the same period last year.
-Revenue: $38.61 million in Q3 vs. $35.69 million in the same period last year.