3 months ago
Usana Health Sciences (NYSE: USNA) stock saw a huge valuation contraction this week in response to disappointing second-quarter results. The company's share price declined 30% across the stretch. Meanwhile, the S&P 500 rose 3.6%, and the Nasdaq Composite gained 5.2%.
Usana published its second quarter results on Aug. 4, and both sales and earnings for the period came in significantly worse than the average ******* yst estimates. In addition to the weak Q2 print, the company also issued new forward guidance that disappointed the market.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In the second quarter, Usana recorded non-GAAP (adjusted) earnings of $0.07 per share on sales of roughly $223 million. The company's adjusted profit per share came in $0.50 below the level called for by the average ******* yst estimate, and revenue for the period was roughly $12 million lower than the average forecast. In addition to Q2 earnings that came in far below Wall Street's forecast and a meaningful sales miss, the company's Q2 report also arrived with disappointing forward guidance.
With its Q2 report, Usana announced that it would be taking a $29 million goodwill impairment charge on the value of its Hiya business. As a result, the company now expects to record a loss of roughly $11 million this year -- down from previous guidance for a profit between $20 million and $27 million. The company also lowered its full-year sales target.
#million #usana #company #signal
Usana published its second quarter results on Aug. 4, and both sales and earnings for the period came in significantly worse than the average ******* yst estimates. In addition to the weak Q2 print, the company also issued new forward guidance that disappointed the market.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In the second quarter, Usana recorded non-GAAP (adjusted) earnings of $0.07 per share on sales of roughly $223 million. The company's adjusted profit per share came in $0.50 below the level called for by the average ******* yst estimate, and revenue for the period was roughly $12 million lower than the average forecast. In addition to Q2 earnings that came in far below Wall Street's forecast and a meaningful sales miss, the company's Q2 report also arrived with disappointing forward guidance.
With its Q2 report, Usana announced that it would be taking a $29 million goodwill impairment charge on the value of its Hiya business. As a result, the company now expects to record a loss of roughly $11 million this year -- down from previous guidance for a profit between $20 million and $27 million. The company also lowered its full-year sales target.
#million #usana #company #signal
4 months ago
The European Commission (EC) has approved Saica Group's acquisition of Thimm Group plants in Germany, Poland, the Czech Republic and Romania.
The deal covers all activities in those four countries, comprising nine corrugated board plants. It also includes one preprint facility in Ilsenburg, Germany.
Saica said the operation will increase its corrugated cardboard production capacity by 1,200 million square metres and add around 2,500 employees.
The acquisition will support its objective of developing local markets and getting closer to customers, it added.
Saica Group president and CEO Susana Alejandro said: "We are very happy to integrate Thimm's team within Saica Group, its knowledge and skills are highly appreciated in the sector. At Saica Group, people makes the difference: they are what drives our organisation. We are convinced they will contribute to Saica's future and its success.
#plants
The deal covers all activities in those four countries, comprising nine corrugated board plants. It also includes one preprint facility in Ilsenburg, Germany.
Saica said the operation will increase its corrugated cardboard production capacity by 1,200 million square metres and add around 2,500 employees.
The acquisition will support its objective of developing local markets and getting closer to customers, it added.
Saica Group president and CEO Susana Alejandro said: "We are very happy to integrate Thimm's team within Saica Group, its knowledge and skills are highly appreciated in the sector. At Saica Group, people makes the difference: they are what drives our organisation. We are convinced they will contribute to Saica's future and its success.
#plants
