REX American Resources Q2 Profit Declines

RTTNews | 763 hari yang lalu
REX American Resources Q2 Profit Declines

(RTTNews) - REX American Resources Corp. (REX) on Wednesday reported that second-quarter net income attributable to REX common shareholders declined to $9.06 million or $0.52 per share from $11.17 million or $0.63 per share in the prior-year quarter.

Net sales and revenue for the quarter decreased to $211.98 million from $240.33 million in the same period last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.66 per share on revenues of $195.14 million for the quarter. Analysts' estimates typically exclude special items.

The year-over-year net sales and revenue decline primarily reflects a reduction in the quantities sold of ethanol, as well as lower prices for ethanol, dried and modified distillers grains, and corn oil.

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

read more
U.S. Manufacturing Index Inches Higher In September But Still Indicates Contraction

U.S. Manufacturing Index Inches Higher In September But Still Indicates Contraction

A report released by the Institute for Supply Management on Wednesday showed its reading on U.S. manufacturing activity crept slightly higher in September but continued to indicate contraction. The ISM said its manufacturing PMI edged up to 49.1 in September from 48.7 in August, although a reading below 50 still indicates contraction. Economists had expected the index to inch up to 49.0.
RTTNews | 18 minit yang lalu
Elon Musk's XAI Is Working On Wikipedia Rival Grokipedia

Elon Musk's XAI Is Working On Wikipedia Rival Grokipedia

Billionaire Elon Musk announced that his artificial intelligence startup X.AI Corp., doing business as xAI, is creating Grokipedia, an AI-driven alternative to Wikipedia, powered by the company's Grok AI chatbot.
RTTNews | 48 minit yang lalu
U.S. Private Sector Unexpectedly Cuts 32,000 Jobs In September

U.S. Private Sector Unexpectedly Cuts 32,000 Jobs In September

Private sector employment in the U.S. unexpectedly decreased in the month of September, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment fell by 32,000 jobs in September after dipping by a revised 3,000 jobs in August. Economists had expected private sector employment to climb by 50,000 jobs.
RTTNews | 1j 22min yang lalu
Bay Street May Open With Slightly Negative Bias

Bay Street May Open With Slightly Negative Bias

Canadian shares may open with a negative bias on Wednesday as the crucial U.S. jobs data due this week is likely to be delayed due to a partial U.S. government shutdown. Higher metal prices could trigger some strong buying in the materials sector and help limit market's downside.
RTTNews | 2j 6min yang lalu
Eurozone Inflation Accelerates In September

Eurozone Inflation Accelerates In September

Eurozone inflation accelerated in September as the decline in energy prices slowed amid rising services inflation, reinforcing the expectations that interest rates are set to remain unchanged in the near term. Inflation rose to 2.2 percent in September, in line with forecast, from 2.0 percent in August, flash estimate from Eurostat showed on Wednesday. A similar higher rate was last seen in April
RTTNews | 2j 18min yang lalu
FTSE 100 Notably Higher; Pharma Stocks Among Top Gainers

FTSE 100 Notably Higher; Pharma Stocks Among Top Gainers

U.K. stocks are up firmly in positive territory about an hour past noon on Wednesday, with pharma stocks figuring prominently in the list of gainers following Pfizer reaching a deal with the U.S. government to lower prescription drug prices in exchange for tariff relief.
RTTNews | 2j 52min yang lalu