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at the end of the first quarter, average total deposits were $110.3 billion, down 2% from the prior quarter.
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operating income is projected at ¥185 billion, reflecting 7.4% growth from fiscal 2017.
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moreover, net sales declined 11.9% year over year, primarily due to lower sales in timberlands and wood products.
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under the agreement terms, the company received an upfront payment of $1.0 million and is eligible to receive up to $4.5 million based on the successful achievement of regulatory goals for etarfolatide in five different cancer indications.
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transportation costs are estimated in the $2.50- $2.90 per boe range.
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notably, tritan renew comes with up to 50% recycled content derived from waste plastic.
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mosaic saw its interest expenses rise nearly 13% year over year in the third quarter.
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further in fiscal 2017, the company continues to expect share repurchase of nearly $450 million.
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healthcare business revenues increased 13.4% from the year-ago quarter to ¥16.1 billion.
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as of jun 30, 2017, period end total loan and lease balances increased 1% sequentially to $109.8 billion while total deposits rose 1% from the previous quarter to $113.6 billion.
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intelligent cloud operating expenses increased 19% (up 20% at cc), driven by on-going investments in cloud, ai engineering and commercial sales capacity expansion initiatives.
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supervalu’s net sales advanced 31.1% year over year to $3,938 million, attributable to higher wholesale unit sales which in turn was mainly driven by contributions from unified grocers (acquired in june 2017).
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operating details gross margin contracted 30 basis points (bps) on a year-over-year basis to 38%, which was within management’s guidance of 37.5-38.5%.
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segmental information remotely operated vehicles (rov): this segment’s revenues were around $100.3 million compared with $85.6 million in first-quarter 2018.
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dedicated contract services (dcs) revenues rallied 25% year over year to $596 million.
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more personal computing (38.3% of fiscal 2018 revenues) comprises mainly the windows, gaming, devices and search businesses.
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shares of people’s united have gained 10.2% over the past year, underperforming 11% growth recorded by the industry.
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the revised full-year adjusted ebitda outlook reflects anticipated partial- year contribution of $17-$20 million from the acquired pope resources assets.
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health & home sales are expected to increase in low-single digits, bearing a 2.5% adverse impact from the average cold/cough/flu assumption.
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capital spending is expected to be nearly $1.4 billion.
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the company also expects adjusted ebitda for 2018 in the band of $1.90-$2 billion, up from the previous view of $1.80-$1.95 billion.
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in the first nine months of 2019, cost of sales grew 4.4% from the corresponding period of 2018 due to the above-mentioned headwinds.
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the deterioration was mainly on account of steep rise in direct operating costs – from $2.8 million to $20.9 million.
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operating profit declined 4% in the region, while operating margins decreased 37 bps primarily due to the impact of adverse mix in nigeria and east africa.
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revenues from the segment were $4,102 million in 2019.
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of this, net written premium is expected to increase in the range of 3- 7% for property and transportation group but estimated to be down 2% to up 2% for specialty casualty group.
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warehouse segment sales increased 1.7% from the year-ago quarter to $191 million.
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financial update as of jun 30, 2020, everquote had assets worth $100.8 million, up 10.5% from the level at 2019 end.
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interest expenses were $69.1 million, increasing 9.3% from $63.2 million in the prior-year quarter.
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the company expects $1 billion of cumulative cash flow improvement by end-2020.
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costs/margins: gross margin in the fiscal fourth quarter was 39.4%, up 130 basis points (bps) year over year.
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the company exited the first quarter with a long-term debt of $36,826 million, down from $39,391 million at 2019-end.
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however, net income for fiscal 2018 is estimated to be down 4.9% year over year to ¥125 billion.
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jbt (5.1%): the service offering in this segment is full-load, dry-van freight, utilizing tractors operating on roads and highways.
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hp’s total hardware unit sales inched up 1% owing to an increase of 1% in consumer hardware units.
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remotely operated vehicles (rovs): the rovs unit (accounted for 21% of the company’s 2018 revenues) primarily provides remotely operated submersible vehicles for drill support, vessel-based inspection, subsea hardware installation, pipeline surveys and maintenance services.
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it aims to boost shareholders’ value by increasing dividend rate by 5-7% annually.
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as of mar 31, 2017, the company had long-term debt (net of current portion) of $9,322 million compared with $9,819 million as of dec 31, 2016.
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given the strong performance of grand theft auto online and grand theft auto v, nba 2k17, wwe2k17, monster legends, dragon city and mafia iii, digitally-delivered net sales were up 47% to $280.9 million.
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organic sales increased 6.1%, benefiting from broad-based sales growth across all regions and categories.
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consolidated net sales are still expected to increase 0.4%-2.1% to $1.485-$1.510 billion.
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in a move to turnaround its printer business, hp last year inked a deal to acquire samsung electronics’ printer business for a purchase price of $1.05 billion.
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notably, 40% of the company’s selling communities and 50% of the dollar value of backlog were concentrated in highly-impacted markets.
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the company projects earnings per share in the range of $0.15–$0.25.
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however, on an adjusted basis earnings per share came in at $1.10, beating the zacks consensus estimate by a penny and also increased 2% year over year.
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going forward, management continues to expect to generate cash from operations of $1.9 billion for 2017.
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revenues from u.s. operations came in at $1,938.5 million, up 12.4% year over year.
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it expects sales growth at the mid-point of 4-6% in fiscal 2020.
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the company also projects adjusted gross margin for the unit in the band of $35-$45 per ton.
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consistent price increase in property and casualty business — american financial witnessed renewal pricing increase of 1% in the first quarter of 2019 in property and casualty group and 5% in specialty casualty group excluding workers’ compensation.
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this reflects a sequential rise of5.1%.
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notably, unified grocers contributed sales worth about $860 million to supervalu’s wholesale business during the third quarter and the company remains on track to generate targeted synergies from this buyout.
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these represent 2%, 3%, 8%, 16% and 17% of total net revenue in 2016, 2015, 2014, 2013 and 2012, respectively.
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acquisition in october 2018, endocyte entered into an agreement and plan of merger with novartis ag, per which the latter will acquire the former for $24 per share, or a total equity value of approximately $2.1 billion, in cash.
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direct-to-customer business registered comparable sales gain of 5.4%, comprising mid-single-digit sales growth at store banner.com business in the u.s., a low single-digit comparable sales jump at eastbay, and over 20% gain in digital sales in europe and canada.
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other: revenues in the segment amounted to $20 million in the quarter, up 5.3% from the year-ago quarter’s figure.
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revenues were up 14.6% (same at cc) year over year to $10.75 billion.
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the company anticipates consolidated net sales to rise at least 3%, including benefits from flipkart, adverse impacts from walmart brazil’s deconsolidation and planned tobacco sales cut downs at sam’s club.
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principal financial’s asset under management (aum) as of sep 30, 2018 amounted to $667.8 billion, up 2% year over year.
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the company increased its dividend by 10% in october 2018 with a solid dividend yield of 4.6%, higher than the industry average of 2.7%.
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capacity is anticipated to contract at least 45% year over year in the fourth quarter.
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gross margin expanded 38 basis points (bps) to 62.2% on a 3.7% rise in gross profit.
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texas pipelines service revenues had constituted 24.1%, 28.5% and 24.6% of total revenues during 2017, 2018 and 2019, respectively.
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per a reuters report on sep 18, apple, in its appeal against a $14-billion tax order, blamed the european commission of misunderstanding itsbusiness.
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management envisions capital expenditures of $50-$60 million in 2019.
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last earnings report sarepta q2 loss narrows, ups exondys 51 sales view sarepta incurred a loss of $0.65 per share in the second quarter of 2017, narrower than the year-ago loss of $1.35 as well as the zacks consensus estimate of a loss of $0.92.
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however, average price per ad decreased 21% from the year-ago quarter.
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as of mar 31, 2020, keycorp had $156.2 billion in total assets, $103.2 billion of total loans, deposits of $115.3 billion and shareholders' equity of $17.4 billion.
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recurrent consumer spending bookings increased 71% and represented 72% of total digitally-delivered bookings.
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in july 2019, it announced a new share- repurchase plan worth $1.5 billion and initiated common stock dividend in october 2018.
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in fact, concurrent with its fourth-quarter 2018 earnings release, avalonbay announced a 3.4% hike in its quarterly dividend rate, which continued the more than 20-year history of solid dividend growth.
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operating income was $3.4 million compared with $5.2 million a year ago.
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excluding contributions from supervalu, legacy net sales rose 2.8% mainly on continued strength in the supernatural and supermarkets channels.
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channel-wise, digital revenues contributed to 52% of total revenue while physical retail and other contributed to the rest of total revenue.
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quarter details segment wise, portable audio product revenues (83.4% of the total revenues) came in at $212.3 million, down 24.4% year over year.
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including one-time items, the company reported eps of $0.59, reflecting a 28.3% jump from the year-ago quarter.
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operating income in the reported quarter improved 8.9% from the prior-year quarter’s tally to $758 million.
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in three years (2016-2018), its long-term debt rose 18.8% (cagr).
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in the first half of 2019, the company generated net cash of $21.3 million from operating activities, decreasing 19.1% from the year-ago period’s level.
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mobile games revenues will grow 19% to $46.1 billion, representing 42% of the total revenue.
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revenues jump, expenses escalate for 2018, net revenues increased 21% year over year to $2.06 billion.
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the high point was azure's revenues, which soared 76% at cc on a year-over-year basis.
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traditional home building (accounting for 94.5% of fiscal first-quarter 2020 revenues) include detached and attached homes for move-up, empty-nester, active-adult, age-qualified, as well as second-home buyers.
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liquidity presently, the company has more than $2 billion available under its revolving credit facility and $286.7 million of cash or cash equivalents in hand.
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operating margin in the fiscal first quarter came in at 7.6%, expanding 70 bps year over year.
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revenues generated from the flavors business totaled $414.3 million, rising 9.2% year over year.
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total revenues from the concrete segment were $83.6 million, down 16.7% year over year.
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the company added 458 trucks to the fleet during the fourth quarter, while customer retention rates were above 98%.
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to this end, management announced dividend of $2.12 per share for fiscal 2020, which marks a 2% hike from $2.08 paid in fiscal 2019.
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further, as of jun 30, 2020, it had a remaining share-buyback authorization of $87.7 million.
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comps at yard house inched up 2% in the quarter against a 0.4% decline in the last quarter.
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segment performance the beverage packaging’s north and central america segment’s revenues went up 9% year over year to $1,035 million in the first quarter.
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for fiscal 2019, management revised anticipated revenue range marginally from the initial range of $1.31-$1.36 billion to $1.32-$1.37 billion.
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on a constant-currency (cc) basis, operating income increased nearly 38% to $6.2 billion.
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however, the company lagged the zacks consensus estimate by 8.4%.
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on may 16, 2017, dte energy announced its plan to get rid of all its coal-fired units by 2040 and gradually reduce its carbon emissionsby more than 80% by 2050 (compared to 2005 levels).
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however, sales at medicated feed additives and other fell 7% primarily due to volume declines both domestically and internationally.
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it also increased the annual dividend by 5%.
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solid product demand drives revenues in the quarter under review, the company's net sales were $260.2 million, increasing 15% from the year-ago quarter's figure.
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the company recorded a negative free cash flow of $10.8 million.
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