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Insteel Industries Q4 Profit Plunges
(RTTNews) - Insteel Industries Inc. (IIIN) announced Thursday that net income for the fourth quarter plunged to $5.6 million or $0.29 per share from $24.3 million or $1.24 per share in the prior-year quarter.
Net sales for the quarter decreased 24.3 percent to $157.5 million from $208.0 million in the same quarter last year.
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Insteel Industries Q3 Net Profit Declines
Insteel Industries Inc. (IIIN) announced Thursday that net income for the third quarter declined to $6.57 million or $0.34 per share from $10.57 million or $0.54 per share in the prior-year quarter.
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354 days ago
FTSE 100 Trades Below The Flatline
Persisting tensions on the trade front and growing concerns over U.K.'s fiscal outlook dampened sentiment and dragged down the FTSE 100 to negative territory.
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2h 1min ago
Domino's Pizza's Online $9.99 Offer Of Any Pizza With Any Toppings On July 7- Aug. 3
Domino's Pizza Inc., the largest pizza company in the world, announced its "Best Deal Ever' promotion, offering any pizza with any toppings for $9.99 each when they order online between July 7 and August 3. Domino's $9.99 deal includes Hand Tossed, Handmade Pan, New York Style, Gluten Free and Crunchy Thin Crust, as well as an assortment of sauces and toppings.
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2h 6min ago
CAC 40 Gains Amidst Trade Jitters
Despite trade related uncertainties, the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris has gained more than a quarter percent on Tuesday.
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2h 31min ago
Eurozone Retail Sales Drop For First Time In 5 Months; Services Output Fall
Euro area retail sales decreased for the first time in five months and services production declined in May, suggesting a slowdown in the second quarter. Retail sales logged a monthly fall of 0.7 percent in May, reversing April's 0.3 percent increase, Eurostat reported Monday. Sales were expected to drop 0.8 percent.
Another data from Eurostat showed that services production decreased 0.3 percen
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3h 14min ago
U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Monday.
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3h 58min ago
Cautious Optimism Lifts DAX
The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange is trading in the green zone on Monday amidst a mood of cautious optimism.
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4h 17min ago
Nissan Stock Slips On Reports Of Talks With Foxconn To Collaborate On EV Production In Japan
Japanese automaker Nissan Motor Co Ltd. (NSANF.PK, NSANY.PK) is in talks with Taiwan's electronics major Foxconn to partner on the production of electric vehicles or EVs in Japan, Nikkei reported. The potential joint venture collaboration is expected to save Nissan's Oppama plant from the risk of closure. Following the news, Nissan Motor shares closed Monday's trading in Tokyo down 5%.
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4h 20min ago
