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Weber Q4 Net Loss Widens; Sales Down 52%

RTTNews | vor 1007 Tagen

Weber Q4 Net Loss Widens; Sales Down 52%

(RTTNews) - Barbeque brand Weber Inc. (WEBR) reported Wednesday that net loss for the fourth quarter widened to $152.12 million or $0.53 per share from $86.07 million or $0.13 in the prior-year quarter.

Excluding items, adjusted net loss for the quarter was $95.91 million, compared to adjusted net loss of $35.37 million in the year-ago quarter.

Net sales for the quarter decreased 52 percent to $168.09 million from $350.23 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.35 per share on net sales of $209.06 million for the quarter. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: WEBR

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Weber Appoints CTO Alan Matula As Interim CEO

Weber Appoints CTO Alan Matula As Interim CEO

Weber Inc. (WEBR) announced Monday that Chief Technology Officer Alan Matula has been appointed interim Chief Executive Officer, effective immediately. CEO Chris Scherzinger is departing from his roles on the management team and Board of Directors. A search for a permanent CEO will commence immediately.

RTTNews | vor 1149 Tagen

Sensex, Nifty Open Higher On Trade Talk Optimism

Sensex, Nifty Open Higher On Trade Talk Optimism

Indian shares were modestly higher on Wednesday after India and the U.S. agreed to speed up talks on a bilateral trade.

RTTNews | vor 1Std 8 Minuten

European Economic News Preview: UK Inflation Data Due

European Economic News Preview: UK Inflation Data Due

Consumer prices data from the UK is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK inflation data for August. Economists forecast consumer price inflation to remain unchanged at 3.8 percent.

RTTNews | vor 1Std 25 Minuten

Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, reversing the gains in the previous session, with the benchmark S&P/ASX 200 falling well below the 8,850 level, following the broadly negative cues from Wall Street overnight, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.

RTTNews | vor 1Std 47 Minuten

Asian Markets Track Global Markets Lower

Asian Markets Track Global Markets Lower

Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from global markets overnight, as traders fear the widely expected interest rate cut of a quarter point by the US Fed later in the day will be too little after recent US jobs and inflation numbers. They remain cautious and are reluctant to make significant moves ahead of the announcement.

RTTNews | vor 1Std 51 Minuten

Sensex, Nifty Seen Up On Trade Talk Optimism

Sensex, Nifty Seen Up On Trade Talk Optimism

Indian shares look set to open on a positive note on Wednesday despite weak cues from global markets.

RTTNews | vor 2Std 48 Minuten

Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market has moved higher in eight straight sessions, adding almost 55 points or 4.5 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,310-point plateau although it may be stuck in neutral on Wednesday.

RTTNews | vor 3Std 25 Minuten

Indonesia Bourse May Run Out Of Steam On Wednesday

Indonesia Bourse May Run Out Of Steam On Wednesday

The Indonesia stock market has moved higher in six straight sessions, advancing more than 320 points or 4.3 percent in that span. The Jakarta Composite Index now rests just beneath the 7,960-point plateau although the rally may stall on Wednesday.

RTTNews | vor 3Std 55 Minuten

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