Micron Technology Q4 Profit Down

Micron Technology, Inc. (MU) Thursday reported fourth-quarter net income of $1.49 billion or $1.35 per share, down from $2.72 billion or $2.39 per share last year.

On an adjusted basis, earnings were $1.62 billion or $1.45 per share, compared to $2.79 billion or $2.42 per share last year.

Revenues for the fourth quarter dropped to $6.64 billion from $8.27 billion last year.

Analysts polled by Thomson Reuters expected earnings of $1.30 per share and revenue of $6.68 billion.

Looking forward to the first quarter of 2023, the company expects revenues of $4.25 billion, plus or minus $250 million, and earnings to be between a loss of $0.09 and profit of $0.10 per share, and adjusted earnings of $0.04 and $0.10 per share. Analysts currently estimate earnings of $0.64 per share and revenues of $5.62 billion.

Fuwei Films (Holdings) Co., Ltd. Bottom Line Drops In Q2

Fuwei Films (Holdings) Co., Ltd. (FFHL) revealed a profit for second quarter that decreased from the same period last year

The company’s earnings totaled RMB13.71 million, or RMB4.20 per share. This compares with RMB19.81 million, or RMB6.06 per share, in last year’s second quarter.

The company’s revenue for the quarter fell 11.8% to RMB88.73 million from RMB100.58 million last year.

Fuwei Films (Holdings) Co., Ltd. earnings at a glance (GAAP) :

-Earnings (Q2): RMB13.71 Mln. vs. RMB19.81 Mln. last year.
-EPS (Q2): RMB4.20 vs. RMB6.06 last year.
-Revenue (Q2): RMB88.73 Mln vs. RMB100.58 Mln last year.

North States Industries Recalls Toddleroo Rotating Cabinet Latches

North States Industries has recalled about 103,000 Toddleroo rotating cabinet latches due to choking hazard.

According to Consumer Product Safety Commission, the latching button can dislodge and detach from the cabinet latches, posing a choking hazard to young children. The company has received 19 reports of the latching button dislodging or detaching, including one report of a child gagging on a dislodged button.

The recall involves North States Industries’ Toddleroo rotating cabinet latches used to childproof cabinets. The white plastic latches were sold in a package of four latches.

The company has asked its customers to immediately stop using the recalled cabinet latches and contact North States Industries for a refund. Consumers will be asked to send North States Industries photos of the front and back of the product and confirm that they have destroyed or disposed of the latches. After the confirmation, they will receive a refund of $5.50 or the purchase price indicated on the receipt if available.

Walmart, BuyBuyBaby and other stores nationwide and online from November 2019 through August 2022 for between $5 and $10.

Textron Specialized Vehicles Recalls 34K Golf Carts

Augusta, Georgia-based Textron Specialized Vehicles has recalled about 34,000 E-Z-GO RXV Personal Transportation Vehicles (PTV) or golf carts due to injury and crash hazards.

According to Consumer Product Safety Commission, the PTV’s steering knuckles and A-arms can break during or after an impact and cause loss of steering control, posing crash and injury hazards. The company said it received 335 reports of incidents of the steering knuckles and A-arms on the PTVs breaking, including one incident that resulted in two reports of abrasion injuries.

The recall includes model year 2022 and 2023 Freedom and Valor E-Z-GO RXV personal transportation vehicles. Recalled units have serial numbers within the range of 5656874 through 5656886 and 5659215 through 5700741.

The company has asked its customers to immediately stop using the recalled PTVs and contact Textron Specialized Vehicles for a free repair.

The recalled golf carts were sold at dealerships nationwide and online as well from January 2022 through September 2022 for between $10,000 and $17,000.

Colorado high school football scoreboard: Week 6

Thursday night scores

Brush 48, Arvada 20

Lyons 56, Byers 14

Mountain View 43, Centaurus 6

Strasburg 63, Clear Creek 6

FTSE 100 Extends Losses On Recession Fears

U.K. stocks tumbled on Friday to extend losses from the previous session amid concerns about a potential global recession.

A survey released earlier today showed that the downturn in British businesses deepened this month because of soaring costs and faltering demand.

The S&P Global/CIPS flash Composite Purchasing Managers’ Index (PMI) fell to 48.4 from 49.6 in August.

The focus remained on so-called “mini-Budget” being presented by new finance minister Kwasi Kwarteng in the parliament.

He is expected to provide more details about his plans to support the country’s economy through what is likely to be a difficult winter.

The benchmark FTSE 100 was down 91 points, or 1.3 percent, at 7,068 after closing 1.1 percent lower on Thursday.

easyJet dropped half a percent. The low-cost airline said that it expects a rise in earnings from easyJet holidays business for 2022, in view of a rise in customer demand.

AstraZeneca fell about 1 percent. The drug maker announced Ultomiris has been approved in Europe as an add-on to standard therapy for the treatment of adult patients with generalized myasthenia gravis who are anti-acetylcholine receptor antibody positive.

Smiths Group surged 4.8 percent. The engineering business firm posted a decline in pre-tax earnings for the fiscal 2022, though revenue improved from last year.

PRODUCE, Holly Hill Dark Chocolate Almonds Recalled

Salem, Oregon -based Momyer Distribution Inc. recalled Dark Chocolate Almonds under PRODUCE and Holly Hill brands citing the possible presence of undeclared milk, the U.S. Food and Drug Administration said.

The product is packaged in a 9.5oz plastic container and sold in the produce section of retail markets including Safeway/Albertsons and Roths Fresh Market.

The product sold at Safeway/Albertsons is labeled as “PRODUCE”, with UPC 0 19061 19371 2. The affected product has a Best By Date on or before 10/15/2023.

Further, the product sold at Roths Fresh Market is labeled as Holly Hill Gourmet Snacks Dark Chocolate Almonds, with UPC 0 08918 23018 2. The Best By Date is on or before 10/21/2023.

The recalled Dark Chocolate Almonds were distributed in Oregon and Washington.

The recall was initiated after it was discovered that the product was distributed in packaging that did not reveal the presence of milk.

People who have an allergy or severe sensitivity to milk may get serious or life-threatening allergic reaction if they consume the product.

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

Customers with a milk allergy or sensitivity who have purchased the affected product are urged to dispose of it or return it to their place of purchase for a full refund.

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