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Tredegar Swings To Profit In Q2
(RTTNews) - Industrial manufacturer Tredegar Corp. (TG) reported Wednesday net income for the second quarter was $8.79 million or $0.26 per share, compared to a net loss of $18.92 million or $0.56 per share in the prior-year quarter.
Excluding items, adjusted net income from ongoing operations were $0.30 per share, compared to adjusted net loss from ongoing operations of $0.06 per share in the year-ago quarter.
Total sales for the quarter increased to $190.24 million from $178.17 million in the same quarter last year.
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Tredegar Says Brazilian Regulator Recommends Rejection Of Sale Of Terphane To Oben Group
Industrial manufacturer Tredegar Corp. (TG) announced Thursday that, as part of the Brazilian merger review process regarding the sale of Terphane to Oben Group, the General Superintendence of the Administrative Council for Economic Defense (SG-CADE) issued a non-binding opinion recommending the rejection of the transaction.
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Tredegar Q4 Net Loss Sharply Widens
Industrial manufacturer Tredegar Corp. (TG) reported Friday a net loss for the fourth quarter that sharply widened to $35.59 million or $1.04 per share from $3.87 million or $0.11 per share in the prior-year quarter.
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Tredegar Q3 Profit Plunges
Industrial manufacturer Tredegar Corp. (TG) reported Wednesday that net income for the third-quarter plunged to $1.03 million or $0.03 per share from $6.20 million or $0.19 per share in the prior-year quarter.
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U.S. Dollar Falls Against Most Majors
The U.S. dollar weakened against its most major counterparts in the New York session on Friday.
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German Inflation Accelerates To 2.2% In August
Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
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Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings
Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.
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Swiss Market Ends Modestly Lower
Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
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European Stocks Close Lower On Geopolitical Tensions
European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
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