Altair Acquires M-Base Engineering + Software – Quick Facts
Domino`s Pizza Inc. Q3 Earnings Climb
Domino`s Pizza Inc. (DOM.L) released earnings for its third quarter that rose from last year.
The company’s bottom line totaled $99.13 million, or $2.49 per share. This compares with $86.37 million, or $2.05 per share, in last year’s third quarter.
Analysts had expected the company to earn $2.78 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 17.9% to $967.72 million from $820.81 million last year.
Domino`s Pizza Inc. earnings at a glance:
-Earnings (Q3): $99.13 Mln. vs. $86.37 Mln. last year.
-EPS (Q3): $2.49 vs. $2.05 last year.
-Analysts Estimate: $2.78
-Revenue (Q3): $967.72 Mln vs. $820.81 Mln last year.
Donald Trump Spectacularly Self-Owns With Twitter Attack On Kamala Harris During Debate
President Donald Trump was raked over the coals on Twitter for his praise of Vice President Mike Pence ― and his criticism of Democratic vice-presidential nominee Kamala Harris ― during Wednesday’s vice presidential debate.
Trump tweeted almost an hour into the debate that Pence was “doing GREAT!” He referred to Harris, a California senator, as “she” and called her “a gaffe machine.”
Trump later claimed Pence had “WON BIG!”
Some Twitter users pointed out the irony of Trump ― who routinely misspeaks and often posts embarrassing typos on Twitter ― accusing someone else of committing a gaffe.
Others asked if the president was watching the same debate as everyone else.
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Morgan Stanley to acquire Eaton Vance for $7 billion
Morgan Stanley said on Thursday it will acquire investment management firm Eaton Vance for about $7 billion in a cash-and-stock deal.
Shares of Eaton Vance soared more than 40% on the report.
This story is developing. Please check back for updates.
Oil Prices Rise As Hurricane Delta Strengthens
Oil prices rose on Thursday as oil workers evacuated rigs in the U.S. Gulf of Mexico ahead of Hurricane Delta and traders eyed more production outages in the North Sea because of a workers’ strike. Hopes for some U.S. coronavirus relief aid also helped push prices higher.
Benchmark Brent crude jumped 61 cents, or 1.5 percent, to $42.61 a barrel, while U.S. West Texas Intermediate (WTI) crude futures were up 50 cents, or 1.3 percent, at $40.45 a barrel.
Hurricane Delta is expected to intensify over the Gulf’s warm waters to a Category 3 storm with winds up to 120 miles per hour (193 km per hour). Oil producers have evacuated 183 offshore facilities and halted nearly 1.5 million barrels per day (bpd) of oil output.
The outage from the ongoing strike in Norway’s oil and gas industry will grow to 966,000 barrels of oil equivalent per day (boed) by Oct. 14, unless a solution to the conflict is found in the meantime, the Norwegian Oil and Gas Association said today.
Meanwhile, U.S. President Donald Trump indicated he would support individual stimulus measures after calling off negotiations over a broader relief package.
Domino’s Pizza Q3 Profit Misses Estimates – Quick Facts
Domino’s Pizza, Inc. (DPZ) reported third quarter earnings per share of $2.49, up 21.5% year-on-year. The company noted that the increase in EPS was driven by higher net income, as well as a lower weighted average diluted share count, primarily resulting from the share repurchases during the trailing four quarters. On average, 26 analysts polled by Thomson Reuters expected the company to report profit per share of $2.78, for the quarter. Analysts’ estimates typically exclude special items.
Third quarter revenues were $967.72 million, up 17.9% from prior year. The company said the increase was primarily due to higher U.S. retail sales resulting from same store sales growth and an increase in store counts during the trailing four quarters. Analysts expected revenue of $952.97 million, for the quarter.
For the third quarter, global retail sales increased 14.4%, or 14.8% excluding foreign currency impact. U.S. same store sales were up 17.5%. The international business recorded same store sales growth of 6.2%.
During the quarter, the company reported 209 gross new stores and 83 net new stores. The company noted that its net store growth reflects the closure of 126 stores, primarily in India.
As of September 6, 2020, the company had approximately: $330.7 million of unrestricted cash and cash equivalents; and $4.11 billion in total debt.
Shares of Domino’s Pizza were down 2% in pre-market trade on Thursday.
Gold Edges Higher On Weaker Dollar
Gold edged higher on Thursday and the dollar nursed losses on renewed optimism about more U.S. fiscal stimulus after U.S. President Donald Trump tweeted that he would support relief measures for airlines and small businesses.
Spot gold rose 0.3 percent to 1,892.43 per ounce, while U.S. gold futures were up 0.3 percent at $1,895.90.
After calling off negotiations over a broader relief package, Trump suggested he was open to piecemeal spending measures for airlines, small businesses and stimulus checks of $1,200 for individuals.
Optimistic signals by U.S. House speaker Nancy Pelosi over an airline-relief bill, rising chances of a Democratic victory during the November elections and expectations that U.S. monetary policy will remain accommodative for a long time also boosted risk sentiment.
Investors now await U.S. employment data due later in the day for further direction. Jobless claims are likely to decline while continued claims may remain above 10 million.
Altair Acquires M-Base Engineering + Software – Quick Facts
Altair (ALTR) announced the acquisition of M-Base Engineering + Software GmbH, an international supplier of material database and material information systems, with a focus on plastics. Altair said M-Base brings first-rate plastics material data supplied directly by material producers, deep knowledge in material database technology, and plastics material data preparation from raw data to data consumable by designers and engineers.
M-Base is the official software supplier to Computer Aided Material Preselection by Uniform Standards, a plastic material database adhering to rigorous international standards.
