Stock Alert: Tupperware Brands Shares Hit 52-Week High

Shares of Tupperware Brands Corp. (TUP) reached a 52-week high of $29.92 Wednesday morning, and are currently trading at $27.96, up $6.64 or 31.14% in the regular session, with trading volume rising over 5.31 million versus an average volume of 2.58 million shares.

The company’s Q3 net income was $34.4 million or $0.65 per share compared to $7.8 million or $0.16 per share last year. Adjusted net income was $63.7 million or $1.20 per share for the period. Revenue for the quarter rose 14.1% to $477.2 million from $418.1 million last year.

Analysts polled by Thomson Reuters expected earnings of $0.37 per share on revenue of $362.75 million for the quarter. Analysts’ estimate typically exclude certain special items.

Stock Alert: Tupperware Brands Shares Hit 52-Week High

Shares of Tupperware Brands Corp. (TUP) reached a 52-week high of $29.92 Wednesday morning, and are currently trading at $27.96, up $6.64 or 31.14% in the regular session, with trading volume rising over 5.31 million versus an average volume of 2.58 million shares.

The company’s Q3 net income was $34.4 million or $0.65 per share compared to $7.8 million or $0.16 per share last year. Adjusted net income was $63.7 million or $1.20 per share for the period. Revenue for the quarter rose 14.1% to $477.2 million from $418.1 million last year.

Analysts polled by Thomson Reuters expected earnings of $0.37 per share on revenue of $362.75 million for the quarter. Analysts’ estimate typically exclude certain special items.

Real estate fintech CoreLogic receives multiple potential bids at more than $80 a share, sources say

Property data and analytics firm CoreLogic has received multiple potential takeover bids that value the company at north of $80 a share, sources tell CNBC's David Faber.

The multiple parties interested in pursuing a deal with CoreLogic include private equity firms, Faber reported citing sources familiar with the talks. The company has already signed a non-disclosure agreement with at least one potential buyer, the people said.

Shares were last seen up 11.5%, around $76 a share, following news of the takeover bids. CoStar Group could be one of the potential bidders.

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BGC Partners Inc. Q3 adjusted earnings Inline With Estimates

Below are the earnings highlights for BGC Partners Inc. (BGCP):

-Earnings: $19.38 million in Q3 vs. -$3.53 million in the same period last year.
-EPS: $0.05 in Q3 vs. -$0.01 in the same period last year.
-Excluding items, BGC Partners Inc. reported adjusted earnings of $61.91 million or $0.11 per share for the period.
-Analysts projected $0.11 per share
-Revenue: $455.04 million in Q3 vs. $521.14 million in the same period last year.

KAZ Minerals Reaches Agreement On Recommended Cash Offer To Be Made By Nova Resources

KAZ Minerals plc (KAZ.L) announced its Independent Committee and the board of Nova Resources B.V. have reached agreement on the terms of a recommended cash offer to be made by Nova for the entire issued and to be issued share capital of KAZ Minerals. KAZ Minerals shareholders will be entitled to receive: for each KAZ Minerals share: 640 pence in cash. The deal values the entire issued and to be issued share capital of KAZ Minerals at approximately 3.0 billion pounds.

Nova Resources is a Dutch private limited liability company indirectly owned by a consortium comprising of Oleg Novachuk (the current chairman of KAZ Minerals) and Vladimir Kim (a non-executive director of KAZ Minerals).

Oleg Novachuk, Chairman, said: “We are pleased to announce this recommended cash offer for KAZ Minerals. Kim and I believe that KAZ Minerals has made notable progress as a public company since listing on the London Stock Exchange in 2005. However, driven by the current market uncertainty and the corporate circumstances of sequential development projects, we believe that KAZ Minerals’ long term interests would be best served as a private company.”

As at 27 October 2020, the Consortium owned or controlled 186,079,209 KAZ Minerals shares, representing approximately 39.39 percent of KAZ Minerals’ issued share capital.

Stock Alert: Applied UV Spikes 45% After Deal With Axis Lighting

Shares of infection prevention technology company Applied UV, Inc. (AUVI) are surging more than 45% Wednesday morning after the company announced that SteriLumen, Inc., a unit of the company and LED lighting maker Axis Lighting have entered into an exclusive license and joint development agreement.

As per the deal, the companies will collaborate on the development and commercialization of new LED-based technologies and solutions in UV-C products that are designed to neutralize pathogens on physical surfaces in hospitals located in North America.

“This collaboration leverages the capabilities and strengths of each partner and achieves our objective to retain significant value for Applied UV’s shareholders,” said Q Saeed, CEO of Applied UV.

Applied UV stock is currently trading at $9.29. It has been trading in the range of $5.14- $12.99 in the last one year.

Chile earthquake: Huge 5.8 magnitude earthquake strikes causing violent tremors

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The South American country shook as the natural phenomenon hit.

The quake struck 63km north of the city of La Serena.

More to follow…