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Prudential Financial Q3 adjusted earnings Beat Estimates

11/04/2019

Read ex-State Department adviser Michael McKinley’s testimony in Trump impeachment inquiry

Michael McKinley, a former top aide to Secretary of State Mike Pompeo, leaves Capitol Hill in Washington, Oct. 16, 2019, after testifying before congressional lawmakers as part of the House impeachment inquiry into President Donald Trump. (Photo: Andrew Harnik, AP)

WASHINGTON – A transcript of former State Department official Michael McKinley’s testimony in the impeachment inquiry against President Donald Trump was made public on Monday.

McKinley, who served as an adviser to Secretary of State Mike Pompeo, appeared before the House impeachment panel in a closed session on Oct. 16. He resigned after a whistleblower’s complaint surfaced alleging Trump had pressured Ukraine into investigating his political rivals.

He also said he was frustrated to see that Trump had disparaged the former U.S. ambassador to Ukraine, Marie Yovanovitch during a July 25 call with the Ukrainian president.

“I could no longer look the other way as colleagues are denied the professional support and respect they deserve from us all,” he said in his opening statement.

Read the transcript of McKinley’s testimony:

International Flavor misses Q3 earnings estimates

International Flavors & Fragrances Inc. IFF, +1.86% Monday reported significantly higher revenue for the third quarter but its profit fell short of expectations.

The flavor and fragrance supplier reported net income of $127.1 million, or $1.13 a share, compared with $95.7 million, or $1.17 a share a year earlier.

Adjusted earnings were $1.20 a share.

Analysts polled by FactSet expected net income per share of $1.33, or $1.53 on an adjusted basis.

Revenue was $1.27 billion, up from $907.5 million a year earlier.

Analysts expected sales of $1.29 billion.

Write to Robert Barba at [email protected]

Pioneer Natural Resources Co. Earnings Decline In Q3

Pioneer Natural Resources Co. (PXD) announced a profit for third quarter that dropped from last year.

The company’s bottom line came in at $231 million, or $1.38 per share. This compares with $411 million, or $2.39 per share, in last year’s third quarter.

The company’s revenue for the quarter fell 6.5% to $2.32 billion from $2.48 billion last year.

Pioneer Natural Resources Co. earnings at a glance:

-Earnings (Q3): $231 Mln. vs. $411 Mln. last year.
-EPS (Q3): $1.38 vs. $2.39 last year.
-Revenue (Q3): $2.32 Bln vs. $2.48 Bln last year.

Workday To Acquire Scout RFP In Approx. $540 Mln Cash Deal – Quick Facts

Workday (WDAY), a provider of enterprise cloud applications for finance and human resources, has agreed to acquire Scout RFP in an all cash deal. Scout RFP is the sourcing and supplier engagement platform trusted by procurement teams to streamline their processes. It is headquartered in San Francisco and funded by Scale Ventures, Menlo Ventures, New View Capital, Salesforce Ventures, Workday Ventures, and Google Ventures.

The transaction is expected to close in the fourth quarter of Workday’s fiscal year 2020, ending Jan. 31, 2020.

RealReal stock gains after company’s Q3 sales jump 55%

RealReal Inc. shares rose more than 3% in the extended session Monday after the retailer reported a 55% jump in its third-quarter sales.

RealReal REAL, -5.23%, an e-commerce seller of secondhand luxury goods, said it lost $25.3 million, or 30 cents a share, in the quarter, compared with a loss of $25.1 million, or $3 cents a share, in the year-ago period. Adjusted for one-time items, the company lost 27 cents.

Revenue rose 55% to $80.5 million, from $51.8 million a year ago, the company said.

Analysts polled by FactSet had expected a GAAP loss of 33 cents a share on sales of $75.9 million.

RealReal stock began trading on June 28. The shares jumped after the company’s first post-IPO earnings in August.

The shares have lost 14% in the last three months, versus gains of 5.1% and 3.7% for the S&P 500 index SPX, +0.37% and the Dow Jones Industrial Average. DJIA, +0.42%

US STOCKS SNAPSHOT-Trade deal hopes spur stocks to record

NEW YORK, Nov 4 (Reuters) – All three major indexes posted record closing highs on Monday, extending a recent run of gains, on hopes of a U.S.-China trade deal and an improving U.S. economy.

The Dow Jones Industrial Average rose 115.36 points, or 0.42%, to 27,462.72, the S&P 500 gained 11.46 points, or 0.37%, to 3,078.37 and the Nasdaq Composite added 46.80 points, or 0.56%, to 8,433.20. (Reporting by Chuck Mikolajczak; Editing by Sandra Maler)