Teradata Corp. Q3 Profit Increases, Inline With Estimates
Tecnoglass Falls 11%
Tecnoglass Inc. (TGLS) shares are sliding more than 11 percent on Monday morning trade after the company reported a decline in third quarter earnings, compared to the prior year.
Quarterly profit declined to $46.09 million from $46.92 million in the previous year. On a per share basis, earnings were $0.97, down from $0.98 last year.
Currently, shares are at $30.55, down 10.83 percent from the previous close of $34.26 on a volume of 792,540.
European Economic News Preview: Germany Factory Orders Data Due
Factory orders from Germany and final Purchasing Managers’ survey results from the euro area are the top economic news due on Monday.
At 2.00 am ET, Destatis is scheduled to release Germany’s factory orders data for September. Orders are forecast to fall 1.0 percent on month, in contrast to the 3.9 percent increase in August.
At 3.00 am ET, the Czech Statistical Office releases industrial production and foreign trade for September. Economists forecast production to decline 3.0 percent on year, following a 1.7 percent drop in August.
At 3.15 am ET, Spain’s HCOB services Purchasing Managers’ survey data is due. The index is forecast to fall to 49.3 in October from 50.5 in September.
At 3.45 am ET, Italy’s services PMI survey data is due. Economists expect the index to drop to 48.5 in October from 49.9 in the previous month.
At 3.50 am ET, S&P Global publishes France’s final composite PMI data. The final reading is seen at 45.3 in October, in line with flash estimate, compared to 44.1 in September.
At 3.55 am ET, Germany’s final composite PMI survey results are due. Economists expect the final PMI to match the flash estimate of 45.8 in October, down from 46.4 in September.
At 4.00 am ET, S&P Global is slated to issue Eurozone HCOB final PMI survey results. The final composite index is seen at 46.5 in October versus 47.2 in September.
Half an hour later, UK S&P/CIPS construction PMI survey data is due. The construction PMI is expected to rise to 46.0 in October from 45.0 in September.
Organigram Spikes On C$124.6 Investment From BT DE Of BAT
Organigram Holdings Inc. (OGI) shares are progressing more than 26 percent on Monday morning trade after the company announced C$124.6 million investment from BT DE Investments Inc., a wholly owned subsidiary of British American Tobacco Plc. or BAT (BTI).
BAT will subscribe for 38.679 million shares at a price of C$3.2203 per share
The majority of the investment will be used by Organigram to create a strategic investment pool, named Jupiter. Jupiter will target investments in emerging cannabis opportunities.
Currently, OGI is at $1.46, up 26.29 percent from the previous close of $1.16 on a volume of 36,260,125.
European Economic News Preview: Eurozone Flash GDP, Inflation Due
Inflation and quarterly national accounts from the euro area are the top economic news due on Tuesday, headlining a hectic day for the European economic news.
At 2.30 am ET, France’s statistical office INSEE publishes GDP and consumer spending data. GDP is forecast to grow 0.1 percent sequentially after an expansion of 0.5 percent in the second quarter. Consumer spending is expected to expand 0.4 percent in September, in contrast to the 0.5 percent fall in August.
At 3.00 am ET, retail sales and import prices are due from Germany. Retail sales are expected to grow 0.5 percent, reversing a 1.2 percent drop in August. Economists forecast import prices to fall sharply by 15.3 percent on year in September, but slower than August’s 16.4 percent decline.
At 3.45 am ET, France’s statistical office INSEE releases flash inflation figures for October. Economists expect inflation to slow to 4.0 percent in October from 4.9 percent in September.
At 5.00 am ET, Italy’s ISTAT is slated to issue preliminary GDP data. The economy is expected to grow 0.1 percent sequentially in the third quarter, in contrast to the 0.4 percent contraction in the second quarter.
At 6.00 am ET, Eurostat releases euro area consumer prices and flash GDP data. Economists forecast the currency bloc to log a nil growth in the third quarter after expanding 0.1 percent in the preceding period. Inflation is seen easing to 3.1 percent in October from 4.3 percent in September.
Sanmina Corporation Bottom Line Climbs In Q4
Sanmina Corporation (SANM) reported earnings for its fourth quarter that increased from last year
The company’s bottom line came in at $61.84 million, or $1.04 per share. This compares with $58.36 million, or $0.98 per share, in last year’s fourth quarter.
Excluding items, Sanmina Corporation reported adjusted earnings of $83.97 million or $1.42 per share for the period.
The company’s revenue for the quarter fell 7.7% to $2.05 billion from $2.22 billion last year.
Sanmina Corporation earnings at a glance (GAAP) :
-Earnings (Q4): $61.84 Mln. vs. $58.36 Mln. last year.
-EPS (Q4): $1.04 vs. $0.98 last year.
-Revenue (Q4): $2.05 Bln vs. $2.22 Bln last year.
Next quarter EPS guidance: $1.20 to $1.30
Next quarter revenue guidance: $1.85 – $1.95 Bln
Teradata Corp. Q3 Profit Increases, Inline With Estimates
Teradata Corp. (TDC) reported a profit for its third quarter that increased from last year in line with the Street estimates.
The company’s bottom line totaled $12 million, or $0.12 per share. This compares with $8 million, or $0.08 per share, in last year’s third quarter.
Excluding items, Teradata Corp. reported adjusted earnings of $43 million or $0.42 per share for the period.
Analysts on average had expected the company to earn $0.42 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 5.0% to $438 million from $417 million last year.
Teradata Corp. earnings at a glance (GAAP) :
-Earnings (Q3): $12 Mln. vs. $8 Mln. last year.
-EPS (Q3): $0.12 vs. $0.08 last year.
-Analyst Estimate: $0.42
-Revenue (Q3): $438 Mln vs. $417 Mln last year.
Next quarter EPS guidance: $0.50 to $0.54
Full year EPS guidance: $2.01 to $2.05