AllianceBernstein Holding L.P. Reveals Decline In Q2 Income

AllianceBernstein Holding L.P. (AB) reported earnings for second quarter that decreased from last year

The company’s bottom line totaled $208.77 million, or $0.69 per share. This compares with $267.57 million, or $0.87 per share, in last year’s second quarter.

Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $69.77 million or $0.71 per share for the period.

The company’s revenue for the quarter fell 10.2% to $0.97 billion from $1.08 billion last year.

AllianceBernstein Holding L.P. earnings at a glance (GAAP) :

-Earnings (Q2): $208.77 Mln. vs. $267.57 Mln. last year.
-EPS (Q2): $0.69 vs. $0.87 last year.
-Revenue (Q2): $0.97 Bln vs. $1.08 Bln last year.

Parle remains most chosen FMCG brand for 10 years in a row

For record 10 years in a row, Parle Products has topped the rankings for most chosen FMGG brands, according to a report by Kantar India.

It is followed by Amul, Britannia, Clinic Plus, and Tata Consumer Products in the latest 2021 report, which ranks the most chosen FMCG brands based on consumer reach points (CRPs).

With a CRP score of 6,531 million, Parle holds the top spot.

Overall, CRPs have increased from 89 billion to 98 billion, with the growth rate going up from 3 per cent in 2020 to 9 per cent in 2021, the report said.

The report said this growth in CRPs was driven by the food, health & beauty, and beverages categories.

The number of brands growing in terms of CRP improved in 2021 (70 per cent), over 2020 (56 per cent).

And, the bigger the brand, the faster was the growth.

Big brands (with over 61 per cent penetration levels) grew the fastest in 2021 — 8 per cent over 2020, Kantar India said in its report.

K Ramakrishnan, MD, South Asia, Worldpanel Division at Kantar said: “As consumers returned to the marketplace in droves, frequency jumped significantly, which is reflected in the big jumps most brands took in their CRPs.”

LyondellBasell Industries N.V. Q2 Profit Decreases, but beats estimates

LyondellBasell Industries N.V. (LYB) reported a profit for second quarter that decreased from last year but beat the Street estimates.

The company’s earnings came in at $1.64 billion, or $4.98 per share. This compares with $2.06 billion, or $6.13 per share, in last year’s second quarter.

Excluding items, LyondellBasell Industries N.V. reported adjusted earnings of $1.71 billion or $5.19 per share for the period.

Analysts on average had expected the company to earn $4.66 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 28.4% to $14.84 billion from $11.56 billion last year.

LyondellBasell Industries N.V. earnings at a glance (GAAP) :

-Earnings (Q2): $1.64 Bln. vs. $2.06 Bln. last year.
-EPS (Q2): $4.98 vs. $6.13 last year.
-Analyst Estimates: $4.66
-Revenue (Q2): $14.84 Bln vs. $11.56 Bln last year.

Wilbur’s Recalls Milk Chocolate Covered Blueberries

Freeport, Maine -based Wilbur’s of Maine Chocolate Confections is recalling certain milk chocolate covered blueberries as it may contain undeclared chocolate covered almonds, an allergen, the U.S. Food and Drug Administration said.

The recall involves 8 oz resealable package of milk chocolate covered blueberries. The product comes in Wilbur’s branded 8-ounce, resealable zippered pouch bag, with UPC # 81321300430 and an expiration date of April 5, 2023.

The recalled Milk Chocolate Blueberries were distributed throughout New England in retail stores, and nationwide through mail orders.

The recall was initiated after a customer discovered chocolate covered almonds in a package of milk chocolate covered blueberries. The blueberry packaging does not reveal the presence of almonds.

As per investigation, the problem was caused by a temporary breakdown in the company’s packaging process. The company has now corrected the process and has instituted additional safety checks and corrective actions.

The agency noted that people who have allergies to almonds may get serious or life-threatening allergic reaction if they consume these products.

However, the company has not received any reports of illnesses related to the recalled products to date.

Consumers with nut allergies, who have purchased 8 oz packages of milk chocolate covered blueberries, are urged to return them to the place of purchase for a full refund.

For More Such Health News, visit rttnews.com

Search Colorado water providers’ PFAS levels – The Denver Post

More than a hundred drinking water sources across Colorado — ranging from cities and counties to elementary schools and campgrounds — contain what are now considered to be potentially hazardous levels of PFAS, toxic “forever chemicals” linked to a slew of health problems, data from 2020 shows.

Read Conrad Swanson’s full story, “No safe level”: A lot of Colorado drinking water could contain potentially hazardous levels of “forever chemicals” under new EPA standard

East Japan Railway Company Turns To Profit In Q1

East Japan Railway Company (EJPRF.PK,EJPRY.PK) reported first quarter profit attributable to owners of parent of 18.9 billion yen compared to a loss of 77.0 billion yen, last year. Basic profit per share was 50.16 yen compared to a loss of 204.00 yen, last year.

First quarter operating revenues were 557.6 billion yen, an increase of 28.7% from prior year.

For fiscal 2023, East Japan Railway Company expects: profit to owners of parent of 60 billion yen, and operating revenues of 2.45 trillion yen.