Monsanto (MON) shares downed after missed profit and sales expectations and unveiled a restructuring plan as it struggles to cope with a downturn in the sector. Net loss is $495 million, or $1.06 a share, in its fiscal fourth quarter, after a loss of $156 million, or 31 cents a share one year earlier. Sales fell to $2.4 billion from $2.6 billion. Analysts expected only 2 cents loss and $2,8 billion sales. Company will cut 2,600 jobs over the next 18 to 24 months. MON shares have fallen 27% in the year, while the S&P 500 is down 3.4%. Serious buy-back program also come with $3B firepower.
Alcoa (AA) set its numbers on Thursday. The company posted profit of $44 million, or 2 cents/share, down from $149 million, or 12 cents/share, a year earlier. Revenue fell 11% to $5.57 billion. Analysts had projected 13 cents/share on $5.65 billion in revenue. Oversupply, exacerbated by China's economic slowdown, has battered aluminum prices.
Shares, down 30% this year, and fell 5.1% to $10.45 in late trading Thursday.
Domino Pizza (DPZ) also set out its numbers. It has reported a profit of $37.8 million, or 67 cents a share, up from $35.6 million, or 63 cents a share, a year earlier. Revenue upped 8.5% to $484.7 million on higher royalties from franchisees, higher supply-chain revenues and increased sales of equipment to stores.
Analysts guessed of earnings of 74 cents a share on revenue of $487 million. Domino's repurchased $40.9 million of its shares in the quarter.
 |
| An international Ruby Tuesday in Telford Plaza, Kowloon Bay, Hong Kong - wikipedia |
Nincsenek megjegyzések:
Megjegyzés küldése
Megjegyzés: Megjegyzéseket csak a blog tagjai írhatnak a blogba.