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Marcus Slips To Loss In Q4
(RTTNews) - Marcus Corp. (MCS) reported on Thursday a net loss attributable to the company of $9.32 million or $0.30 per share for the fourth quarter, compared to net income of $6.44 million or $0.18 per share in the prior-year quarter.
Total revenues for the quarter decreased 3.6 percent to $162.75 million from $169.05 million in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.17 per share on revenues of $155.26 million for the quarter. Analysts' estimates typically exclude special items.
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Marcus Q4 Net Loss Sharply Narrows
Marcus Corp. (MCS) reported on Thursday that net loss attributable to the company for the fourth quarter sharply narrowed to $1.44 million or $0.05 per share from $9.32 million or $0.30 per share in the prior-year quarter.
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DAX Down Nearly 0.9% As U.S. Debt Concerns Weigh
German stocks are down in negative territory on Thursday, weighed down by concerns about U.S. debt, mixed economic data, and uncertainty surrounding tariffs.
A sell-off in U.S. Treasuries amid deficit fears due to stalled budget bill negotiations hurts as well.
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Sensex, Nifty Decline On US Fiscal Deficit Concerns
Indian shares fell sharply on Thursday as a deteriorating U.S. fiscal outlook and poor response to the 20-year bond auction led to a spike in bond yields.
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Walmart To Cut 1,500 Corporate Jobs In Cost-cutting Efforts
Amid a challenging retail environment, due to fierce competition along with ongoing tariff issues, retail behemoth Walmart Inc. is planning to cut around 1,500 corporate jobs in the United States as part of its restructuring, media reported citing a memo.
The multinational chain of hypermarkets, discount department stores, and grocery stores' efforts to simplify its operations...
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German Ifo Business Sentiment Strengthens; Composite PMI Falls
German business confidence strengthened in May as companies became less concerned about uncertainties regarding trade tariffs, a closely watched survey showed Thursday. The Purchasing Managers' survey compiled by S&P Global today showed that the German private sector activity contracted the most in five months in May due to a deepening downturn in the service sector.
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European Shares Drift Lower With US Debt Concerns, PMI Data In Focus
European stocks traded lower on Thursday as investors reacted to a U.S. Treasury sell-off, mixed regional data and some disappointing earnings.
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Indian Rupee Falls To Near 1-1/2-month Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the European session on Thursday.
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Asian Shares Follow Wall Street Lower As Treasury Yields Spike
Asian stocks followed Wall Street lower on Thursday after longer-dated U.S. Treasury yields hit their highest in 18 months on concerns that a new budget proposal could swell the country's federal deficit.
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