Biofrontera Stock Jumps 25% After Q4 Results, Outlook

Shares of Biofrontera Inc. (BFRI) are jumping over 25% on Friday morning after the company reported its results for the fourth quarter and outlook for the full year 2022.

BFRI is currently trading at $5.11, up $1.07 or 26.49%, on the Nasdaq, on a heavy volume of about 14 million shares, above average volume of 2 million shares. The stock had opened its trading at $4.80 after closing previous day’s trading at $4.04. The stock has traded between $2.20 and $14.63 in the past 52 weeks period.

Total revenues for the fourth quarter were $9.2 million, an increase of 7% from the prior year’s $8.6 million. Net loss for the quarter widened to $14.5 million from $0.2 million last year.

Looking forward to full year 2022, Biofrontera said it expects revenues to increase by at least 30% compared with 2021, including first quarter total revenues up by over 100% versus the first quarter prior year and typical seasonal strength in the first and fourth quarters.

Herald morning quiz: April 9

Test your brains with the Herald’s morning quiz. Be sure to check back on nzherald.co.nz for the afternoon quiz.

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European Economics Preview: Germany Foreign Trade Data Due

Foreign trade from Germany and investor confidence survey results from eurozone are due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is slated to issue Germany’s foreign trade data for February. Exports are forecast to climb 1.5 percent on month, reversing a 2.8 percent fall in January. Economists expect imports to grow 1.4 percent, in contrast to the 4.2 percent decline a month ago.

At 3.00 am ET, Spain’s unemployment data is due.

In the meantime, consumer and producer prices are due from Turkey. Economists expect inflation to surge to 61.6 percent in March from 54.4 percent in February.

At 4.30 am ET, Eurozone Sentix investor confidence survey results are due. The sentiment index is forecast to fall to -9.2 in April from -7.0 in March.

3 Thrilling Dishes to (Finally) Celebrate Spring’s Arrival

A shaved asparagus salad, roasted chicken and potatoes infused with green garlic, and a bright rhubarb crumble: This menu from David Tanis puts the season’s best on display.

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By David Tanis

The Secret to Deliciousness

Crunchy and creamy, chewy and runny, crisp and tender: These recipes are loaded with contrasting textures.

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By Emily Weinstein

Triton International Stock Slips 10% After Bank Of America Downgrades Rating To Underperform

Shares of Triton International Ltd. (TRTN) slipped nearly 10% on Friday morning after analysts from Bank of America downgraded the stock.

TRTN is currently trading at $58.12, down $5.94 or 9.27%, on the Nasdaq, on a volume of 1.9 million shares, above average volume of 500 thousand. The stock opened its trading at $61.98 after closing previous day’s trading at $64.06. The stock has traded between $46.75 and $72.34 in the past 52 weeks period.

Analysts at Bank of America Co. downgraded Triton International from a “buy” rating to an “underperform” rating.

Rockies vs. Dodgers live blog: Real-time updates from opening day at Coors Field – The Denver Post

Live updates, tweets, photos, analysis and more from the Colorado Rockies game against the Los Angeles Dodgers at Coors Field in Denver on April 8, 2022.

Mobile users, if you can’t see the live blog, tap here.

Treasuries See Further Downside Amid Worries About Monetary Policy

Treasuries moved notably lower over the course of the trading day on Friday, extending the downward move seen over the past several sessions.

Bond prices came under pressure early in the session and remained firmly negative throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 6.1 basis points to 2.713 percent.

The ten-year yield closed higher for the sixth consecutive session, once again reaching its highest closing level in three years.

Treasuries extended their recent downward trend as traders continued to express concerns about the outlook for monetary policy.

In U.S. economic news, a report released by the Commerce Department showed wholesale inventories in the U.S. surged by more than expected in the month of February.

The Commerce Department said wholesale inventories spiked by 2.5 percent in February after jumping by an upwardly revised 1.2 percent in January.

Economists had expected wholesale inventories to shoot up by 2.1 percent compared to the 0.8 percent increase originally reported for the previous month.

Next week, traders are likely to keep a close eye on reports on consumer and producer price inflation, retail sales and industrial production.

The data may impact the outlook for interest rates amid recent indications the Federal Reserve plans to tighten monetary policy more aggressively than previously anticipated.