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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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20 นาทีที่ผ่านมา
Australian Dollar Falls As Weak Jobs Data Spurs Rate Cut Hopes
The Australian dollar weakened against other major currencies in the Asian session on Thursday, as the unexpected rise in unemployment rate led to a speculation of an early rate cut by the Reserve Bank of Australia (RBA).
Data from the Australian Bureau of Statistics showed that the jobless rate in Australia came in at a seasonally adjusted 4.3 percent in June. That was above expectations for 4.1 percent, which would have been unchanged.
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ABB Stock Gains On Higher Q2 Profit & Orders, Positive Outlook
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50 นาทีที่ผ่านมา
European Shares Inch Higher On Trade Deal Hopes
European stocks inched higher on Thursday, haling a four-day losing streak on optimism over a potential trade deal between the United States and the European Union.
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Asian stocks rose broadly on Thursday after U.S. President Donald Trump denied that he plans to fire Federal Reserve Chairman Jerome Powell.
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2 ชม. 2 นาทีที่ผ่านมา
NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Thursday.
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2 ชม. 56 นาทีที่ผ่านมา
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Thursday.
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5 ชม. 1 นาทีที่ผ่านมา
