Business

Vedanta Receives Government Order to Shut Down Copper Smelter Plant at Tamil Nadu, India

Vedanta Receives Government Order to Shut Down Copper Smelter Plant at Tamil Nadu, India

Vedanta (VEDL), a diversified natural resources company, said Tuesday it received an order from the government of the Tamil Nadu region in southern India directing environmental authorities to seal and permanently close the company’s copper smelter plant 1. The smelter shutdown follows reports late Friday of the death of 13 […]

Advanced Drainage Systems Fiscal Q4 Loss Narrows Vs Yr-Ago, Revenue Rises YoY

Advanced Drainage Systems Fiscal Q4 Loss Narrows Vs Yr-Ago, Revenue Rises YoY

Advanced Drainage Systems (WMS) reported pre-market Tuesday a fiscal Q4 loss of $0.11, narrowing from a loss of $0.34 per share a year earlier and matching the average of two analysts polled by Capital IQ. Revenues for the quarter ended March 31 rose 2.4% year-over-year to $250.1 million but were […]

GlaxoSmithKline, Innoviva File Regulatory Application in Japan for Proposed COPD Treatment

GlaxoSmithKline, Innoviva File Regulatory Application in Japan for Proposed COPD Treatment

GlaxoSmithKline (GSK) and Innoviva, Inc. (INVA) said early Tuesday that they submitted a regulatory application in Japan for once-daily fluticasone furoate/umeclidinium/vilanterol under the proposed brand name of Trelegy Ellipta for the treatment of adults with chronic obstructive pulmonary disease (COPD). Trelegy Ellipta is currently licensed for use in the US, […]

Noodles & Co Files for Offering of 35.2 Mln Common Shares

Noodles & Co Files for Offering of 35.2 Mln Common Shares

Noodles & Co (NDLS), a restaurant company, said late Friday it filed for an offering of up to 35.2 million common shares, with 5 million shares to be sold by the company and 30.2 million shares by certain shareholders. The company plans to use the net proceeds from its portion […]

Farmer Brothers Shareholder Levin Capital Discloses 8.4% Stake

Farmer Brothers Shareholder Levin Capital Discloses 8.4% Stake

Farmer Brothers (FARM) shareholder Levin Capital Strategies disclosed in a regulatory filing late Friday that it holds an 8.4% stake in the company, adding it will review the investment on a continuing basis. Levin Capital said it may hold talks with the board and management, as well as with other […]

TESSCO Technologies Drops 2.5% After Q4 EPS Misses Estimates

TESSCO Technologies Drops 2.5% After Q4 EPS Misses Estimates

TESSCO Technologies (TESS) slipped 2.5% after the company said Q4 ended April 1 rose 21% to $148.9 million from the year-ago period and it earned $0.07 per share, up from a dime loss last year. The CapIQ mean was for a normalized EPS of $0.35 and GAAP EPS of $0.20. […]

Ferro’s Q1 EPS, Revenue Tops Street View

Ferro’s Q1 EPS, Revenue Tops Street View

Ferro (FOE) reported late Tuesday financial results for Q1, with earnings and revenue that topped analysts’ expectations. The global supplier of technology-based functional coatings and color solutions posted adjusted earnings of $0.36 per share, compared with the prior-year period’s $0.31 per share. Analysts polled by Capital IQ were expecting EPS […]

Fair Isaac Prices $400 Million in Senior Notes

Fair Isaac Prices $400 Million in Senior Notes

Fair Isaac (FICO) announced Tuesday that it priced $400 million in aggregate principal amount of its 5.25% senior notes due 2026 in a private offering. According to the company, the notes were priced to investors at 100% of their principal amount and are senior unsecured obligation of the company. Fair […]

Tanger Factory Outlet Centers Drops Almost 8% After Co Cuts FY Earnings Outlook

Tanger Factory Outlet Centers Drops Almost 8% After Co Cuts FY Earnings Outlook

anger Factory Outlet Centers (SKT) slid almost 8% after the company said Q1 net income available to common shareholders increased 4% to $0.24 per share from the year-ago period and FFO grew 3% to $0.60 per share. The CapIQ mean was for GAAP EPS of $0.23, $0.24 for normalized EPS, […]

Yum China Holdings Drops 6%

Yum China Holdings Drops 6%

Yum China Holdings (YUMC) shed 6% after the company said Q1 sales increased 15% year over year to $2.2 billion from the year-ago period and topped the CapIQ mean for $1.43 billion. Same-store sales grew 3% year over year. Some analysts reportedly had expected a 3.3% rise. EPS rose to […]