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Scotts Miracle-Gro Posts Sharply Wider Loss In Q4, But Results Top Estimates
(RTTNews) - Scotts Miracle-Gro Co. (SMG) reported Wednesday a net loss for the first quarter of $468.4 million or $8.33 per share, sharply wider than $220.1 million or $3.97 per share in the prior-year quarter.
Excluding items, adjusted loss for the quarter was $2.77 per share, compared to adjusted loss of $2.04 per share in the year-ago quarter.
Company-wide sales for the quarter decreased 24 percent to $374.5 million from $493.6 million in the same quarter last year.
The Street was looking for a loss of $2.89 per share on revenues of $332.30 million for the quarter.
The company also reaffirms $1 billion in free cash flow over two years through fiscal 2024.
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ScottsMiracle-Gro Promotes Nate Baxter To Succeed Mike Lukemire As COO
Scotts Miracle-Gro Co. (SMG) announced Monday that it is executing a succession plan for President and COO Mike Lukemire in preparation for his retirement in fiscal 2024.
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Pred 688 dňami
Swiss Market Ends Slightly Up
After a choppy ride till around noon, Swiss stocks gained in strength on Wednesday, but following some brisk selling in the closing minutes, ended the day's session with just a small gain.
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Pred 46 minútami
European Stocks Close Weak On Tariff Concerns, Some Weak Earnings Updates
European stocks closed weak on Wednesday as concerns about tariffs, and reports that U.S. President Donald Trump will sack Fed Chair Jerome Powell sometime soon, hurt sentiment.
Investors also digested a slew of corporate earnings updates that fell short of expectations.
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Pred 1 h 2 min
U.S. Industrial Production Climbs 0.3% In June, More Than Expected
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Pred 3 h 45 min
U.S. Producer Prices Unexpectedly Flat In June, Annual Growth Slows More Than Expected
A report released by the Labor Department on Wednesday showed producer prices in the U.S. unexpectedly came in flat in the month of June. The Labor Department said its producer price index for final demand was unchanged in June after rising by an upwardly revised 0.3 percent in May.
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Pred 4 h 16 min
U.S. Industrial Production Climbs More Than Expected In June
Partly reflecting a surge by utilities output, the Federal Reserve released a report on Wednesday showing industrial production in the U.S. increased by more than expected in the month of June.
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Pred 4 h 52 min
Bay Street May Open With Positive Bias
Canadian shares may open with a slightly positive bias on Wednesday, although weak crude oil prices might limit the market's upside. Investors will focus on trade talks and earnings announcements from big name U.S. companies for directional clues.
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Indonesia Central Bank Resumes Monetary Easing
Indonesia's central bank reduced its benchmark interest rate for the third time this year on Wednesday, to support economic growth amid slowing inflation and continued stability in the rupiah exchange rate. The Bank Indonesia board, led by Governor Perry Warjiyo, decided to reduce the BI rate by 25 basis points to 5.25 percent.
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Pred 5 h 30 min
