Embecta Slips To Loss In Q4

RTTNews | 961日前
Embecta Slips To Loss In Q4

(RTTNews) - Diabetes management company Embecta Corp. (EMBC), which listed on the NASDAQ on Apr.1, 2022 after spinning-off from medical technology company Becton, Dickinson and Co. (BDX), announced Tuesday a net loss of $17.2 million or $0.30 per share, compared to net income of $97.1 million or $1.70 per share in the prior-year quarter.

Revenues for the quarter decreased 8.7 percent to $274.6 million from $300.8 million in the same quarter last year. It was also down 4.2 percent on a constant currency basis.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.66 per share on revenues of $261.01 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, the company now projects adjusted earnings in a range of $1.75 to $2.00 per share on revenues between $1.050 billion and $1.073 billion. The Street is looking for earnings of $3.11 per share on revenues of 1.11 billion for the year.

The Company's Board of Directors also declared a quarterly cash dividend of $0.15 for each issued and outstanding share of the Company's common stock, payable on January 11, 2023 to stockholders of record at the close of business on December 30, 2022.

read more
U.S. Wholesale Inventories Inch Up Less Than Expected In June

U.S. Wholesale Inventories Inch Up Less Than Expected In June

Wholesale inventories in the U.S. crept up by less than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories inched up by 0.1 percent in June after falling by 0.3 percent in May. Economists had expected wholesale inventories to rise by 0.2 percent, in line with the preliminary estimate.
RTTNews | 5時57分前
U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2

U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2

Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday. The report said labor productivity shot up by 2.4 percent in the second quarter after tumbling by a downwardly revised 1.8 percent in the first quarter.
RTTNews | 6時29分前
U.S. Jobless Claims Rise More Than Expected To 226,000

U.S. Jobless Claims Rise More Than Expected To 226,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.
RTTNews | 6時39分前
Bank Of England Cuts Rate In Tight Vote

Bank Of England Cuts Rate In Tight Vote

The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.
RTTNews | 7時36分前
Pound Jumps After BoE Rate Decision

Pound Jumps After BoE Rate Decision

The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.
RTTNews | 9時0分前