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B&G Foods: Q2 Earnings Snapshot

Published Mon, 11 Nov 2024 00:56:45 GMT

PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — B&G Foods Inc. (BGS) on Thursday reported second-quarter earnings of $10.6 million.On a per-share basis, the Parsippany, New Jersey-based company said it had net income of 15 cents.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.The food producer posted revenue of $469.6 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $461 million.B&G Foods expects full-year earnings in the range of 95 cents to $1.15 per share, with revenue in the range of $2.11 billion to $2.13 billion.B&G Foods shares have climbed 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.28, a fall of 48% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Resear...

Haynes International: Fiscal Q3 Earnings Snapshot

Published Mon, 11 Nov 2024 00:56:45 GMT

KOKOMO, Ind. (AP) — KOKOMO, Ind. (AP) — Haynes International Inc. (HAYN) on Thursday reported fiscal third-quarter earnings of $8.8 million.The Kokomo, Indiana-based company said it had profit of 68 cents per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.The alloy products maker posted revenue of $143.9 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $143 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HAYN at https://www.zacks.com/ap/HAYNSource

Codexis: Q2 Earnings Snapshot

Published Mon, 11 Nov 2024 00:56:45 GMT

REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Codexis Inc. (CDXS) on Thursday reported a loss of $11.5 million in its second quarter.On a per-share basis, the Redwood City, California-based company said it had a loss of 17 cents.The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.The producer of custom industrial enzymes posted revenue of $21.3 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $21.5 million.In the final minutes of trading on Thursday, the company’s shares hit $3.38. A year ago, they were trading at $7.78._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDXS at https://www.zacks.com/ap/CDXSSource

Puma Biotech: Q2 Earnings Snapshot

Published Mon, 11 Nov 2024 00:56:45 GMT

LOS ANGELES (AP) — LOS ANGELES (AP) — Puma Biotechnology Inc. (PBYI) on Thursday reported second-quarter profit of $2.1 million.The Los Angeles-based company said it had net income of 5 cents per share. Earnings, adjusted for stock option expense, came to 10 cents per share.The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.The biopharmaceutical company posted revenue of $54.6 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PBYI at https://www.zacks.com/ap/PBYISource

Potbelly: Q2 Earnings Snapshot

Published Mon, 11 Nov 2024 00:56:45 GMT

CHICAGO (AP) — CHICAGO (AP) — Potbelly Corp. (PBPB) on Thursday reported earnings of $2.2 million in its second quarter.The Chicago-based company said it had profit of 7 cents per share.The sandwich restaurant operator posted revenue of $126.6 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PBPB at https://www.zacks.com/ap/PBPBSource

Mister Car Wash: Q2 Earnings Snapshot

Published Mon, 11 Nov 2024 00:56:45 GMT

TUCSON, Ariz. (AP) — TUCSON, Ariz. (AP) — Mister Car Wash Inc. (MCW) on Thursday reported second-quarter profit of $27.1 million.On a per-share basis, the Tucson, Arizona-based company said it had net income of 8 cents. Earnings, adjusted for one-time gains and costs, came to 9 cents per share.The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 9 cents per share.The car wash operator posted revenue of $236.9 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $240.5 million.Mister Car Wash expects full-year earnings in the range of 28 cents to 32 cents per share, with revenue in the range of $913 million to $936 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCW at https://www.zacks.com/ap/MCWSource

Funko-A: Q2 Earnings Snapshot

Published Mon, 11 Nov 2024 00:56:45 GMT

EVERETT, Wash. (AP) — EVERETT, Wash. (AP) — Funko, Inc. A (FNKO) on Thursday reported a loss of $73 million in its second quarter.On a per-share basis, the Everett, Washington-based company said it had a loss of $1.54. Losses, adjusted for one-time gains and costs, were 43 cents per share.The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 38 cents per share.The company posted revenue of $240 million in the period.For the current quarter ending in September, Funko-A expects its results to range from a loss of 10 cents per share to a loss of 3 cents per share.The company said it expects revenue in the range of $280 million to $310 million for the fiscal third quarter.Funko-A expects full-year revenue in the range of $1.05 billion to $1.12 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock r...

Playa Hotels: Q2 Earnings Snapshot

Published Mon, 11 Nov 2024 00:56:45 GMT

AMSTERDAM (AP) — AMSTERDAM (AP) — Playa Hotels & Resorts NV (PLYA) on Thursday reported second-quarter net income of $20.6 million.On a per-share basis, the Amsterdam-based company said it had profit of 13 cents.The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.The developer and operator of all-inclusive resorts posted revenue of $248 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLYA at https://www.zacks.com/ap/PLYASource

Universal Electronics: Q2 Earnings Snapshot

Published Mon, 11 Nov 2024 00:56:45 GMT

SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Universal Electronics Inc. (UEIC) on Thursday reported a loss of $10.4 million in its second quarter.The Scottsdale, Arizona-based company said it had a loss of 81 cents per share. Losses, adjusted for non-recurring costs and stock option expense, came to 6 cents per share.The remote control maker posted revenue of $107.4 million in the period.For the current quarter ending in September, Universal Electronics expects its per-share earnings to range from 2 cents to 12 cents.The company said it expects revenue in the range of $108 million to $118 million for the fiscal third quarter._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UEIC at https://www.zacks.com/ap/UEICSource

Airbnb profit jumps to $650 million in 2Q, as bookings increase and rental rates hold steady

Published Mon, 11 Nov 2024 00:56:45 GMT

Airbnb said Thursday its second-quarter profit jumped more than 70% over last summer, to $650 million, as revenue rose on strong bookings for summer-vacation rentals.The San Francisco company said bookings grew 11% over the same period last year. Still, they were a bit lighter than analysts expected.The shares fell 2% after nearly an hour of late trading.Airbnb has been battling complaints that high cleaning fees have pushed prices closer to, or even above, hotels for short rentals. It changed its site to display cleaning fees upfront, when consumers are price-shopping.Prices, however, remain stubbornly high. Airbnb had forecast that average rates customers pay per night would fall slightly in the second quarter compared with last year. Instead, the average nightly rate rose 1% to $166.CEO Brian Chesky said on a call with analysts that the price customers book is lower than list prices on average.“So we do see people gravitating toward more affordable stays,” Chesky said. He said so...