News Stocks 

Aurora Cannabis stock drops after earnings as revenue misses revised target

“Aurora Cannabis Inc. shares declined in the extended session Wednesday after the pot company missed revenue expectations even after dropping its forecast” writes Jeremy C for marketwatch.com. The Edmonton, Alberta-based Aurora ACB, +3.34% ACB, +3.15%  reported a fiscal fourth-quarter adjusted Ebitda loss of C$11.7 million ($8.9 million) on net revenue of $98.94 million.Last year in the same quarter, Aurora reported net income of C$79.9 million, or 17 cents a share, on net revenue of C$19.1 million.Aurora shares declined about 9% in after-hours trading following the results. U.S.-traded shares of Aurora…

Read More
News 

Bayer reaps profit lift from Monsanto seeds, consumer health

“Scholl’s footcare brands, rose 11 percent to 279 million euros in the quarter, on 4.9 percent lower sales, as it cut costs” writes Midwest Communications Inc for 95kqds.com. Adjusted EBITDA of the enlarged agriculture division jumped 79 percent to a better-than-expected 543 million euros.However at Bayer, previously announced write-downs on the value of consumer health brands and one-off charges from the closure of a German haemophilia drug plant led to an overall quarterly net loss of 3.9 billion euros.The pharmaceuticals and farming pesticides firm said adjusted earnings before interest, tax,…

Read More
News 

Blue Apron shares soar after it says it expects to be profitable on adjusted EBITDA basis

“The company said it defines adjusted EBITDA as net earnings (loss) before interest income (expense), net, other operating expense, other income (expense), net, benefit (provision) for income taxes and depreciation and amortization, adjusted to eliminate share-based compensation expense” writes Ciara Linnane for marketwatch.com. EBITDA — or earnings before interest, taxes, depreciation and amortization–is often used as a measure of cash flow.It made the comment ahead of a presentation on its fourth quarter and fiscal 2018 earnings. Source: marketwatch.com

Read More
News 

Spectrum Brands missed earnings and revenue expectations, provides downbeat outlook

“SPB, +1.33% reported fiscal fourth-quarter earnings and sales that missed expectations and provided a downbeat fiscal 2019 outlook” writes Reporter Editor for marketwatch.com. Excluding non-recurring items, adjusted earnings per share came to 79 cents, well below the FactSet consensus of $1.08.For fiscal 2019, the company expects “meaningful” sales growth from continuing operations, and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $560 million to $580 million. Source: marketwatch.com

Read More
News 

Bayer profit flat as weak animal health offsets strong Xarelto prescription numbers

“Bayer’s adjusted core earnings were flat for the quarter, as better prescription numbers for cardiovascular drug Xarelto were tempered by a weaker animal health business and a strong euro weighing on the value of overseas sales” writes Krisztian Bocsi for cnbc.com. It confirmed a forecast for adjusted core earnings per share for 2018 to decline to 5.70 to 5.90 euros, from 6.64 euros in 2017.Animal Health earnings almost halved to 44 million euros mainly because U.S. pet owners had brought the purchase of Advantage flea, tick and worm control products…

Read More
News 

Chip sector slowdown hits Swiss tech group Comet

“Comet’s products help materials testing and security inspection, surface treatment and sterilization” writes Midwest Communications Inc for 95kqds.com. Comet now expects 2018 sales of 430 million-440 million Swiss francs ($429 million-439 million), down from its August guidance of 440 million-460 million Swiss francs, and an earnings before interest, tax, depreciation and amortization (EBITDA) margin between 7 and 9 percent rather than 10-12 percent. Source: 95kqds.com

Read More
News 

BT Group sees earnings in upper half of guidance

“BT Group PLC (BT.A.LN) said Thursday that it anticipates adjusted Ebitda for fiscal 2019 to be in the upper half of its guidance range, after posting higher earnings for the first half” writes Adria Calatayud for marketwatch.com. For the year ending March 31, 2019, BT said it expects adjusted Ebitda to be in the higher half of its guidance of between GBP7.3 billion and GBP7.4 billion.First-half revenue fell 1.7% to GBP11.59 billion from GBP11.79 billion in the year-earlier period, BT said.Pretax profit for the half year was GBP1.34 billion, ahead…

Read More
News 

Wirecard reports 35 percent revenues increase in third quarter

“BERLIN (Reuters) – German fintech company Wirecard reported a 35 pct jump in third-quarter revenues to 549.2 million euro ($624.50 million) on Tuesday, beating analysts’ consensus of 529.9 mln euros” writes Midwest Communications Inc for 95kqds.com. Earnings before interest, tax, depreciation and amortization (EBITDA) increased by about 36 percent from the year-earlier period to 150.1 million euro, the company said.That slightly topped analysts’ consensus for 148.2 million euros, according to Thomson Reuters data. It said it expected a strong business development in the fourth quarter and confirmed its EBITDA forecast…

Read More