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citizens financial increases its prime lending rate by 25 bps – jun 14, 2017pursuant to the u.s. federal reserve interest rate hike by 25 bps, citizens financial announced that citizens bank, n.a. and citizensbank of pennsylvania have increased their prime lending rates from 4.00% to 4.25%, effective jun 15, 2017.
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revenues renesola’s fourth-quarter net revenues of $64.8 million surpassed the zacks consensus estimate of $56 million by 15.7%.
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at the end of third quarter, the company generated cash from operating activities of $779.5 million, down from $893.1 million in the prior-year quarter.
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at longhorn steakhouse, sales rose 6.2% to $387.7 million.
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this includes a non-cash of roughly $35-$45 million, which is likely to be incurred in the fourth quarter in association with the latest tax reforms.
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aligned with these strategies, the company reaffirmed its 2018 guidance and is confident about achieving 3-4% sales growth and ebitda margins of 13% to 14% by 2021.
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it now has $12 million sharebuyback authorization left.
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the company reported better- than-expected first-quarter fiscal 2018 revenues by surpassing the zacks consensus estimate by 2.1% and also came in 8.9% higher than the year-ago tally.
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per management, the company is on track to achieve its goal of $17 million in incremental operating income in fiscal 2018.
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net sales on a reported basis are now expected in the range of $2.48-$2.50 billion.
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per the latest price movement, the stock has gained 1% against the industry’s 9.3% decline.
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capital spending will be primarily used to seize opportunities in the emerging markets, and as a percentage of sales, it is projected in the range of 3-3.5%.
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for 2017, the company expects operating expenses to be lower than $10.9 billion.
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as such, the segment generated an operating income of $2.9 million versus a loss of $2.4 million in first-quarter 2018.
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notably, google, facebook’s primary competitor for ad dollars, announced second-quarter ad revenues of $29.87 billion, down 8% year over year.
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the company currently expects to invest $6.5 billion over the next 10 years, to maintain and upgrade the reliability of its electric utility systems.
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financial highlights at the end of the first quarter, weyerhaeuser had cash and cash equivalents of $259 million, down from $334 million in the comparable period of 2018.
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the company expects net sales from the business to be at the lower end of the earlier guided range of $350-$370 million.
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in the second quarter of 2019, the company’s professional services unit posted revenues of $30.5 million, up 19.8% from the prior-year quarter.
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the company will invest 16% for electric generation, 13% for natural gas, 9% for renewables and 10% for others.
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the stock’s long-term debt-to-capital ratio is 46.7%, higher than the industry’s ratio of 2.3%.
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the latest hike of 25% in its common stock dividend was announced in april 2018.
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costs/margins: cost of sales in the reported quarter was $488.3 million, up 9.4% year over year.
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notably, effective tax rate increased to 20.5% sequentially in the quarter under discussion from 20.4% in the third quarter of 2018.
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although the recent anticipation of 2.4% year over year growth in it spending is higher than its previous projection of 1.4% growth, it is still below the first forecast of 2.9% increase.
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also, per a report by dpi research on medium, the breast cancer screening market in the united states is expected to reach a value of roughly $5.8 billion by 2022.
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during the reported quarter, the company repurchased 145,800 shares for $9 million.
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as of jun 30, 2020, e*trade reported tier 1 risk-based capital ratio of 34.9% compared with the 40.4% witnessed in the year-ago quarter.
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moreover, the capital budget guidance for the full year is raised $20 million and estimated to be in the range of $360-$380 million.
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during its fourth quarter 2017 earnings call, entergy stated its plans to invest $11.22 billion in the 2018–2020 time frame, including $4.25 billion for generation, $2.84 billion for distribution and $2.59 billion for transmission.
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also, currency headwinds (excluding argentina) are likely to hurt net sales by 1.5-2% in the fiscal 2019.
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residential nas net loss improved 28.8% to 57,387 from 80,587 in the prior-year quarter due to solid recovery of fibe tv service bundle activations in the quarter.
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range within 9- 10%, up from 8.3% in fiscal 2017 on the back of sales expansion and cost & operational discipline.
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in the fiscal fourth quarter, fujifilm’s revenues edged down 0.9% year over year.
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adjusted ebitda is still expected in the range of $540-$560 million.
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organic revenue growth was 6.7% in the reported quarter.
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evidently, renesola’s share price gained 22.8% over a year, compared to the broader industry’s gain of 23.8%.
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pre-tax income totaled $90 million, down 28% year over year.
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business nas net loss was down 27.5% to 27,375 from 37,734 in the third quarter of last year.
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management had earlier stated that it expects net run-rate cost synergies from this buyout worth more than $185 million in the fourth year of the deal.
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we believe that customer base will continue to expand driven by the impressive product portfolio, innovative pipeline, strong partner base and growth potential from an almost untapped sales force (almost 60% has < 15 months tenure).
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last earnings report liberty global incurs loss in q3, revenues up y/y liberty global’s third-quarter 2020 net loss was $1.02 billion against the year-ago quarter’s earnings of $12.85 billion.
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in the second quarter, the company had generated free cash flow of $12.6 million compared with a negative free cash flow of $7.5 million in the year-ago quarter.
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kimco share of the purchase price was $340,000.
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management stated that due to various measures undertaken to combat the current pandemic-related crisis, the company lowered its cash burn to $6.1 million per day, on average, during the third quarter compared to the expected range of $7-$9 million calculated in late july.
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over the last four years, the company repurchased shares worth $159 million and lowered average shares outstanding by more than 8% to 39.4 million common stock as of the end of fiscal 2017.
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intelligent cloud (29.2% of fiscal 2018 revenues) includes server, and enterprise products and services.
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financial update as of dec 31, 2018, cash and cash equivalents were $144 million compared with $1,091 million as of dec 31, 2017.
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publicly-funded construction accounts for significant part (approximately 45-55%) of vulcan materials’ total aggregate shipments.
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on an adjusted basis, net revenues were $776.2 million, up 63%.
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the same at themart and new york portfolio declined 13.3% and 1.9%, respectively.
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adjusted ebitda (earnings before interest, tax, depreciation and amortization) totaled approximately $1,885.7 million, up 5.8% year over year.
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the company’s net signed contracts were up 43% year over year through the six weeks ended mar 15, 2020.
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moreover, in order to increase traffic, dollar general is focusing on both consumables and discretionary categories, and items ranging between $1 and $5.
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the company has a heavy debt-to-capitalization ratio of 41.4% compared to the industry’s ratio of 37.9%.
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it also carries a manageable debt-to- capital ratio of 36%, providing it enough financial flexibility to tap on growth opportunities.
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also, the company reported gathering and processing costs of $96.8 million, lower than the year-ago quarter’s $112.6 million.
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the pre-tax return on revenue estimates is 34-38%.
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the company has realized $275 million of cost reduction synergies and savings since the completion of the acquisition.
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cumulative cash flow from operating activities was $231.4 million at the end of 2019 compared with $199.7 million at the end of 2018.
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last earnings report diageo fy19 earnings gain, soft sales view hurts stock diageo reported preliminary fiscal 2019 results, ending jun 30, 2019, wherein pre-exceptional earnings per share improved 10.3% year over year (in local currency).
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however, adjusted gross margin contracted 310 basis points to 10.5%, owing to unfavorable business mix, as wholesale accounted for a bigger portion of total sales and gross profit and gross margin from unified grocers remained soft.
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in the year-ago quarter the firm reported a loss of $1.21 per unit.
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margin discussions consolidated adjusted gross profit came in at $830.2 million, down 10% from the year-ago period.
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on-premise server products revenues increased 10% (up 9% at cc), driven by customer demand for hybrid solutions as well as premium server versions.
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jetblue anticipates its average daily cash burn in the fourth quarter to range between $4 and $6 million.
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notable portfolio activity the company expects to close its $700 million loan commitment to fund ardent health services’ acquisition of lhp hospital group late in first-quarter 2017.
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revenue discussion total revenues in the reported quarter moved up 3.1% year over year to $395.1 million, which lagged the zacks consensus estimate by 0.6%.
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the company generated positive free cash flow of $64 million during the quarter.
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the company intends to utilize the net proceeds of $592.5 million from the offering to redeem its outstanding 6.000% senior notes due 2022 and8.250% senior notes due 2023.
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gross profit advanced 6.5% to $1,790.5 million, while gross margin contracted 47 basis points (bps) to 30.7% owing to increased markdowns and promotional activities along with a higher percentage of sales of consumables which generally have lesser gross profit in comparison with non-consumables.
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moreover, consolidated operating income declined 12.1% year over year to $481.1 million.
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on an adjusted basis, net revenues were $2.08 billion, up 26%.
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on a rebased basis, revenues fell 1.3% driven by lower interconnect revenues and a decline in advertising and production revenues at de vijver media.
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also, long-term debt was $1,636.3 million, down 37.9% from $1,186.4 million in the previous quarter.
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operating margin expanded 280 bps on a year-over-year basis to 34.2%.
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recent news enbridge to acquire outstanding units of sponsored vehicles - sep 18, 2018in a bid to simplify its corporate structure, enbridge inc. has agreed to purchase all of the outstanding stocks of three north americanunits — enbridge energy partners, l.p., enbridge energy management, l.l.c. and enbridge income fund holdings inc — for about$7.1 billion.
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in 2018, the company returned nearly $1.4 billion in cash to shareholders through dividends and share repurchases, and initiated a series of actions that reduced pension liabilities by more than $2 billion.
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as of dec 31, 2017, the company had cash and cash equivalents of $449 million, up from the equivalent figure of $177 million at 2016-end.
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based on mrc global’s product line, revenues from carbon steel pipe, fittings and flanges declined 18.2% year over year to $319 million while that from valves, automation, measurement and instrumentation grew 1.3% to $380 million, and that from gas products moved down 1.4% to $145 million.
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in june 2017, the county of calaveras indicated that it intends to levy a penalty amount of $85 million on the company.
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to preserve liquidity amid coronavirus-induced crisis, the board of directors decided to slash quarterly dividend by 86% to 11 cents from the present level of 79 cents.
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financial position westlake chemical ended the third quarter with cash and cash equivalents of $1,217 million, down 15.3% year over year.
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adjusted ebitda is anticipated between $560 million and $600 million.
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the company notified that the number of paid digital subscribers reached roughly 3,780,000 at the end of second quarter of 2019 – rising 197,000 sequentially and 30.7% year over year.
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adjusted operating margin expanded 90 bps on a year- over-year basis to 5.5% balance sheet & cash flow as of oct 3, 2020, plexus had cash & cash equivalents worth $385.8 million compared with $296.5 million as of jul 4, 2020.
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from 2015 to 2020, revenues will grow at a cagr of 35.6% to $1.49 billion.
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its total long-term debt climbed around 22% year over year to roughly $4.5 billion at the end of the third quarter of 2018.
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adverse foreign currency movements are likely to negatively impact sales by 1%.
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gross margin expanded 20 basis points (bps) year over year to 9.8%.
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the program is midway and is expected to deliver a pre-tax benefit of $110 million including tax efficiency benefit of $20 million.
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the following is a snapshot of the company’s operating segments: bell wireline (54.42% of total revenue in 3q17) : provides local telephone, long distance, data, video and other communications services to residential, business and large enterprise customers primarily in the urban areas of ontario and quebec.
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*£1=$1.27 (average price of the half year ended dec 31, 2016).
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the country’s leading homebuilding and mortgage banking company reported earnings of $56.11 per share, which surpassed the consensus mark of $51.78 by 8.4%.
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the company generates about 30% of its total revenue from its non-u.s. activities.
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total debt at the end of the reported quarter was $4,839 million compared with $2,334 million at 2019-end.
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the airline forecasts average daily cash burn between $6 million and $8 million for the fourth quarter.
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financials option care health exited the third quarter with cash and cash equivalents of $52.7 million compared with $36.4 million at the end of 2018.
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the segment accounted for 31% of the total revenue in 2016.
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the company’s roe of 51.40% compares favorably with the industry’s average of 14.35%.
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