‘Orphan: First Kill’ Review: Still Slashing After All These Years

Isabelle Fuhrman, who in “Orphan” had to be convincing as a child of age 9, reprises her role 13 years later in this prequel set two years earlier.

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By Ben Kenigsberg

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The Estée Lauder Companies Inc. Q4 Profit Decreases, misses estimates

The Estée Lauder Companies Inc. (EL) announced earnings for fourth quarter that decreased from last year and missed the Street estimates.

The company’s earnings totaled $52 million, or $0.14 per share. This compares with $1.02 billion, or $2.76 per share, in last year’s fourth quarter.

Excluding items, The Estée Lauder Companies Inc. reported adjusted earnings of $101 million or $0.28 per share for the period.

Analysts on average had expected the company to earn $0.33 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 9.6% to $3.56 billion from $3.94 billion last year.

The Estée Lauder Companies Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $52 Mln. vs. $1.02 Bln. last year.
-EPS (Q4): $0.14 vs. $2.76 last year.
-Analyst Estimates: $0.33
-Revenue (Q4): $3.56 Bln vs. $3.94 Bln last year.

-Guidance:
Next quarter EPS guidance: $1.16 – $1.28

‘Spin Me Round’ Review: Eat Pray Lust

Alison Brie plays the manager of a restaurant chain whose trip to Italy for a training program does not go as expected.

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By Amy Nicholson

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Gold Edges Higher In Choppy Trade

Gold reversed course to trade higher on Thursday, after having fallen to a two-week low earlier amid signs that the Federal Reserve is prepared to continue raising interest rates in the coming months to control inflation.

Spot gold rose 0.3 percent to $1,766.90 per ounce, while U.S. gold futures were up 0.2 percent at $1,780.65.

The dollar held at a three-week high after minutes from the Federal Reserve’s meeting in July suggested policymakers are less likely to step away from hiking rates until inflation declined substantially.

Fed officials observed that inflation remained unacceptably high and there was little evidence that it would recede yet.

Participants believed that it would be necessary to move to a “restrictive stance of policy” but the pace of future interest-rate increases would hinge on incoming data.

Meanwhile, final Eurostat data showed today that Eurozone’s Inflation surged 8.9 percent year-on-year in July, matching estimates.

U.S. weekly jobless claims for the week ended August 13 and existing home sales and leading index data are due out in the New York session.

Oil Extends Gains On Massive Inventory Drop

Oil prices rose on Thursday to extend gains from the previous session after data showed declines in crude and gasoline inventories in the U.S. in the week ended August 12.

Benchmark Brent crude futures jumped 1.3 percent to $94.88 a barrel, while WTI crude futures were up 1.2 percent at $89.14.

Data from U.S. Energy Information Administration (EIA) showed crude stockpiles in the U.S. dropped by 7.1 million barrels last week, nearly three times the expected drop.

The data showed gasoline inventories also fell 4.6 million barrels last week, helping offset growing worries about an economic slowdown.

The focus also returned to supply constraints, with OPEC Secretary General Haitham Al Ghais telling Bloomberg that global oil markets remained at the risk of a supply squeeze.

Separately, he told CNBC’s Hadley Gamble that the influential producer group is not to blame for soaring inflation and it is underinvestment — chronic underinvestment that is behind the price rise.

‘The Immaculate Room’ Review: A Blank Slate

In this drama, a couple tries to live in a stark room with no distractions for 50 days.

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By Lena Wilson

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BJ’s Wholesale Club Q2 Profit Beats Estimates; Raises Outlook

BJ’s Wholesale Club Holdings, Inc. (BJ) reported that its second quarter adjusted EPS increased to $1.06 from $0.82, prior year. On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.80, for the quarter. Analysts’ estimates typically exclude special items.

Net income increased to $141.01 million or $1.03 per share from $110.99 million or $0.80 per share, last year.

Total revenues were $5.10 billion, up 22.2% from last year. Analysts on average had estimated $4.64 billion in revenue. Total comparable club sales increased by 19.8% in the second quarter of fiscal 2022. Excluding the impact of gasoline sales, comparable club sales increased by 7.6% in the second quarter.

The company expects fiscal 2022 comparable club sales growth, excluding the impact of gasoline sales, to be in the 4%-5% range, up from original guidance of low single digit. The company estimates fiscal 2022 EPS to be in the $3.50 to $3.60 range, up from original guidance of approximately $3.25.

“Our outlook on the business is strong given the sustained strength in our grocery business and our gains in market share,” said Laura Felice, Executive Vice President, Chief Financial Officer, BJ’s Wholesale Club.

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