Reklāma
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.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
read more
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.
RTTNews
|
847 days ago
Sensex, Nifty Up Firmly As Tech, Metal Stocks Rally
Key Indian stock indexes Sensex and the Nifty50 remain firmly placed in positive territory Monday afternoon, holding their early gains intact thanks to sustained buying at several counters, amid rising optimism about more monetary easing by the Federal Reserve, and reacting to some encouraging corporate news.
RTTNews
|
1h 11min ago
European Economic News Preview: UK Revised GDP Data Due
Revised GDP from the UK is the top economic news due on Monday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP data for the third quarter. The initial estimate showed that the economy grew 0.1 percent sequentially, following the prior quarter's 0.3 percent expansion.
RTTNews
|
2h 55min ago
China Keeps Key Interest Rates Unchanged
China maintained its benchmark interest rates for the seventh straight month, as widely expected, on Monday. The People's Bank of China left its one-year loan prime rate unchanged at 3.0 percent on Monday. Likewise, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The bank had reduced its both LPRs by quarter points in October 2024.
RTTNews
|
3h 25min ago
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Monday.
RTTNews
|
4h 29min ago
Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending its early gains in mid-market trading on Monday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 8,650.00 level, with gains across most other sectors led by mining and technology stocks.
RTTNews
|
6h 35min ago
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, boosted by sharp gains in technology shares which mirrored their peers on the tech-heavy Nasdaq amid solid earnings news and easing concerns of a tech bubble. Optimism about more monetary easing by the US Fed following soft inflation data continues to lift the markets.
RTTNews
|
6h 39min ago
Indian Shares Likely To Open On Firm Note
Fairly strong GIFT Nifty and firm Asian markets indicate a positive start for Indian shares on Monday.
RTTNews
|
7h 1min ago
