St. James’s Place Reports Growth In First Half IFRS After Tax Profit

St. James’s Place plc (STJ.L) Thursday reported first half IFRS profit of 205.6 million pounds, up from 120.9 million last year. On a pre-tax basis, first half loss was 298.4 million, compared to 482.6 million pounds last year.

The company said its Funds Under Management or FUM for the first half was 142.3 billion pounds.

The Board has declared an interim dividend for 2022 of 15.59 pence per share, equal to 30 percent of the prior year dividend.

For the first half, St. James’s Place attracted 9.1 billion pounds of new client investments.

National Express Group H1 Underlying Profit Rises; Revenue Up 33.6%

National Express Group PLC (NEX.L) reported that its first half underlying profit before tax increased to 68.7 million pounds from 0.1 million pounds, prior year. Underlying profit per share was 6.2 pence compared to a loss of 2.1 pence.

Group pretax profit was 20.5 million pounds compared to a loss of 50.2 million pounds, previous year. Profit per share was 0.4 pence compared to a loss of 5.8 pence.

Group revenue was 1.32 billion pounds, up 33.6% from last year.

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Southern Co. Q2 Profit Increases, beats estimates

Southern Co. (SO) announced earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company’s earnings totaled $1.11 billion, or $1.04 per share. This compares with $0.37 billion, or $0.35 per share, in last year’s second quarter.

Excluding items, Southern Co. reported adjusted earnings of $1.14 billion or $1.07 per share for the period.

Analysts on average had expected the company to earn $0.83 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 38.7% to $7.21 billion from $5.20 billion last year.

Southern Co. earnings at a glance (GAAP) :

-Earnings (Q2): $1.11 Bln. vs. $0.37 Bln. last year.
-EPS (Q2): $1.04 vs. $0.35 last year.
-Analyst Estimate: $0.83
-Revenue (Q2): $7.21 Bln vs. $5.20 Bln last year.

Pre-market Movers: TBLT, SMCI, ELBM, MODD, SDIG…

The following are some of the stocks making big moves in Thursday’s pre-market trading (as of 07.55 A.M. ET).

In the Green

ToughBuilt Industries, Inc. (TBLT) is up over 21% at $5.10
Super Micro Computer, Inc. (SMCI) is up over 20% at $54.72
Electra Battery Materials Corporation (ELBM) is up over 19% at $3.37
Modular Medical, Inc. (MODD) is up over 17% at $5.50
Home Point Capital Inc. (HMPT) is up over 14% at $3.99
Gorilla Technology Group Inc. (GRRR) is up over 13% at $14.97
Ellington Residential Mortgage REIT (EARN) is up over 12% at $8.92
Blue Apron Holdings, Inc. (APRN) is up over 10% at $3.51
Fluor Corporation (FLR) is up over 8% at $26.98
Nokia Oyj (NOK) is up over 7% at $5.05

In the Red

Stronghold Digital Mining, Inc. (SDIG) is down over 15% at $2.71
Applied Blockchain, Inc. (APLD) is down over 15% at $2.11
Verve Therapeutics, Inc. (VERV) is down over 13% at $30.99
Carnival Corporation & plc (CCL) is down over 12% at $9.75
Carnival Corporation & plc (CUK) is down over 10% at $8.65
Pagaya Technologies Ltd. (PGY) is down over 9% at $5.64
WeTrade Group, Inc. (WETG) is down over 8% at $18.12
JE Cleantech Holdings Limited (JCSE) is down over 7% at $2.77

Oil Extends Rally As Dollar Dips

Oil prices jumped on Thursday to extend overnight gains after data showed a drop in crude inventories in the U.S. in the week ended July 22nd.

Benchmark Brent crude futures jumped over 2 percent to $103.75 a barrel, while WTI crude futures were up nearly 2 percent at $99.19.

Data from U.S. Energy Information Administration (EIA) showed crude stockpiles in the U.S. dropped 4.52 million barrels last week, about three times the expected decline.

Gasoline inventories in the U.S. tumbled 3.3 million barrels last week after climbing a combined 9.32 million for the weeks ended July 15th and July 8th.

The EIA data also showed that distillate stockpiles fell by 784,000 barrels last week, as against an expected drop of about 500,000 barrels.

Cuts in Russian gas flows to Europe and a weaker dollar also boosted prices ahead of next week’s OPEC meeting to discuss production goals.

The U.S. dollar struggled against its peers, slumping to a three-week low versus the Japanese yen, after Fed Chair Jerome Powell said that he doesn’t believe the U.S. is in a recession.

After announcing another 75-bps rate hike, Powell hinted at a slowdown in the pace of rate hikes at future meetings.

Keurig Dr Pepper Inc. Q2 Profit Drops, Inline With Estimates

Keurig Dr Pepper Inc. (KDP) released a profit for second quarter that decreased from the same period last year in line with the Street estimates.

The company’s bottom line came in at $218 million, or $0.15 per share. This compares with $448 million, or $0.31 per share, in last year’s second quarter.

Excluding items, Keurig Dr Pepper Inc. reported adjusted earnings of $554 million or $0.39 per share for the period.

Analysts on average had expected the company to earn $0.39 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 13.1% to $3.55 billion from $3.14 billion last year.

Keurig Dr Pepper Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $218 Mln. vs. $448 Mln. last year.
-EPS (Q2): $0.15 vs. $0.31 last year.
-Analyst Estimates: $0.39
-Revenue (Q2): $3.55 Bln vs. $3.14 Bln last year.