Kroger Again Boosts FY22 Outlook – Update While reporting financial results for the third quarter on Thursday, supermarket chain Kroger Co. (KR) again raised its adjusted earnings and identical sales outlook for the full-year 2022. For fiscal 2022, the company now projects adjusted earnings in a range of $4.05 to $4.15 per share on total […]

U.S. Consumer Sentiment Drops Less Than Initially Estimated In November Consumer sentiment in the U.S. deteriorated less than initially estimated in the month of November, according to revised data released by the University of Michigan on Wednesday. The report showed the consumer sentiment index for November was upwardly revised to 56.8 from the preliminary reading […]

Devro Plc 4-month Revenue Up 10% At Constant Currency – Quick Facts Devro plc (DVO.L) said the Group traded strongly in the period 30 June to 31 October 2022 with reported revenue growth of 16% or up 10% at constant currency compared to the prior year period. The Group said constant currency revenue growth was […]

U.S. Consumer Sentiment Drops Less Than Initially Estimated In November Consumer sentiment in the U.S. deteriorated less than initially estimated in the month of November, according to revised data released by the University of Michigan on Wednesday. The report showed the consumer sentiment index for November was upwardly revised to 56.8 from the preliminary reading […]

Merck To Acquire Imago BioSciences Merck (MRK) and Imago BioSciences, Inc. (IMGO) have entered into a definitive agreement under which Merck, through a subsidiary, will acquire Imago for $36.00 per share in cash for an approximate total equity value of $1.35 billion. The acquisition is expected to close in the first quarter of 2023. Imago […]

Elon Musk Sells $3.95 Bln Worth Tesla Shares Tesla Inc. founder and Chief Executive Officer Elon Musk has sold at least $3.95 billion worth of his stake in the electric vehicle maker after completing his $44 billion acquisition of Twitter Inc., U.S. regulatory filings showed. In pre-market activity on Nasdaq, Tesla shares were gaining around […]

Sea Spikes 30% After Recording Surge In Q3 Revenues Sea Ltd (SE) shares are gaining more than 30 percent on Tuesday morning trade after the company reported 17.4 percent increase in third-quarter revenues. The quarterly revenues were $3.155 billion compared to $2.688 million last year. There was 50.9 percent increase in e-commerce and other services […]

Land Securities Posts HY Loss Land Securities Group plc (LAND.L) reported that its loss attributable to shareholders of the parent for the half year ended 30 September 2022 was 190 million pounds or 25.7 pence per share compared to net income of 275 million pounds or 37.1 pence per share in the previous year. EPRA […]

Leoni AG Posts Wider Loss For Q3; Cuts FY22 View Leoni AG (LEOGN), a German cable and harnessing maker, on Tuesday reported an increased loss for the third-quarter, amidst a rise in raw material and logistics costs, high volatility of call-offs, inflation, and others. However, the company registered a rise in revenue. The Nuremberg-headquartered cable […]

MINISO Group Q1 Adj. Profit Rises; Revenue Up 4.5% MINISO Group Holding Limited (MNSO) reported first quarter adjusted net profit of RMB 417.4 million, an increase of 126.6% year over year. Adjusted net earnings per ADS was RMB 1.36 compared to RMB 0.60. Profit for the period was RMB 404.1 million, an increase of 161.5% […]