Kelly Q2 Adj. Profit Declines; Revenue Down 28.7% – Quick Facts

Kelly, Inc. (KELYA,KELYB) reported second quarter adjusted earnings per share of $0.51 compared to $0.81, prior year. On average, four analysts polled by Thomson Reuters expected the company to report a loss per share of $0.10, for the quarter. Analysts’ estimates typically exclude special items.

Second quarter revenue was $1.0 billion, a 28.7% decline, or 27.7% in constant currency, from prior year. The company said revenues declined as a result of lower demand during the quarter as customers reacted to the COVID-19 crisis. Analysts expected revenue of $998.84 million for the quarter.

Stock Alert: Pretium Resources Gains 25% On Better Q2 Results

Shares of Pretium Resources Inc. (PVG,PVG.TO) are climbing more than 25 percent or $2.50 in Thursday’s morning trade at $12.48 after the Canada-based gold and silver exploration company reported higher earnings and revenue for the second quarter.

Wednesday, Pretium Resources reported net earnings for the second quarter of $32.26 million or $0.18 per share, up sharply from $10.44 million or $0.06 per share in the year-ago period. Adjusted earnings were $0.26 per share, compared to $0.09 per share a year ago. Revenue grew 47 percent to $166.57 million from $113.20 million last year.

The company said it expects to meet 2020 gold production guidance at the Brucejack Mine of 325,000 ounces to 365,000 ounces.

Pretium Resources has traded in a range of $4.05 to $13.83 in the past 52 weeks.

Stock Alert: Pretium Resources Gains 25% On Better Q2 Results

Shares of Pretium Resources Inc. (PVG,PVG.TO) are climbing more than 25 percent or $2.50 in Thursday’s morning trade at $12.48 after the Canada-based gold and silver exploration company reported higher earnings and revenue for the second quarter.

Wednesday, Pretium Resources reported net earnings for the second quarter of $32.26 million or $0.18 per share, up sharply from $10.44 million or $0.06 per share in the year-ago period. Adjusted earnings were $0.26 per share, compared to $0.09 per share a year ago. Revenue grew 47 percent to $166.57 million from $113.20 million last year.

The company said it expects to meet 2020 gold production guidance at the Brucejack Mine of 325,000 ounces to 365,000 ounces.

Pretium Resources has traded in a range of $4.05 to $13.83 in the past 52 weeks.

Millions in US face eviction amid COVID-19 crisis

Help for landlords during the coronavirus crisis is coming to an end but so many people fear they will now struggle to pay rent.

Millions of people who rent their homes in the United States are facing eviction amid the coronavirus pandemic.

By some estimates, 40 million people could lose their homes, affecting poverty rates, homelessness and the wider economy.

Al Jazeera’s Andy Gallacher reports from Miami in the US.

WD-40 Company Recalls About 130k Units Of X-14 Mildew Stain Remover

WD-40 Company recalled about 130,000 units of X-14 Mildew Stain Remover for potential risk of skin irritation, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed.

The company said pressure can build up inside the bottle and cause it to fall over and leak, posing a risk of skin irritation.

X-14 Mildew Stain Remover is a bathroom cleaning product used to remove mildew and stains from grout, tile, vinyl, and plastic surfaces.

The recall involves only the 16 and 32 ounce bottles of X-14 Mildew Stain Remover, with lot code between 20052 O and 20127 O, which can be found on the back of the bottle. X-14 Mildew Stain Remover is printed on the front of the blue plastic spray bottle.

The company said it has not yet received any reports of incidents or injuries involving the recalled product.

WD-40 Company urged customers to immediately stop using the recalled stain remover and contact it for instructions on how to dispose of the product or return it to receive a full refund.

The stain remover was made in the U.S. by Maumee, Ohio-based Spartan Chemical Co., Inc., and distributed by San Diego, California-based WD-40 Company.

They were sold at Amazon.com, Ace Hardware, Publix, Do It Best Hardware, and other retail stores (not sold in California stores) from March 2020 through July 2020 for between $4 and $5.

Stock Alert: Fastly Tumbles 16% After Disclosing TikTok Reliance

Shares of Fastly Inc. (FSLY) are losing more than 16 percent or $17.78 in Thursday’s morning trade at $91.14 after the edge cloud platform provider disclosed that Chinese video-app TikTok is its biggest customer, even as it reported upbeat results for the second quarter.

During the company’s earnings call on Wednesday, Fastly CEO Joshua Bixby reportedly said that TikTok accounted for about 12 percent of the company’s revenue in the first half of the year and is its biggest customer.

Fastly reported second-quarter net loss of $14.46 million or $0.14 per share, narrower than net loss of $15.59 million or $0.26 per share in the year-ago period. Adjusted earnings were $0.02 per share, compared to adjusted net loss of $0.16 per share last year. Revenue grew 62 percent to $74.66 million from $46.17 million in the year-ago period.

On average, analysts polled by Thomson Reuters expected loss of $0.01 per share on revenues of $71.4 million. Analysts’ estimates typically exclude special items.

Fastly also raised its outlook for fiscal 2020 revenue to a range of $290 million to $300 million from the prior range of $280 million to $290 million, and now projects adjusted loss in a range of $0.06 to $0.01 per share, compared to the prior range for loss of $0.15 to $0.08 per share.

Fastly has traded in a range of $10.63 to $117.79 in the past 52 weeks.

DHS chief Chad Wolf testifies to Senate committee on response to protests, riots: live updates

Senate Homeland Security Committee hearing on DHS personnel deployments to recent protests

Acting Homeland Security Secretary Chad Wolf is testifying to lawmakers on the Senate Homeland Security and Governmental Affairs Committee about recent protests and riots across the country.

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