CoreCivic Q4 Adj Profit Down; Issues Q1, 2020 Outlook

Stock To Watch: STAAR Surgical Company (STAA)

Shares of STAAR Surgical Company (STAA) have gained nearly 14 percent so far this month in the run-up to the release of financial results for the fourth quarter and fiscal year ended January 3, 2020, slated for February 26, 2020.

STAAR Surgical is a developer and marketer of implantable lenses, which include the EVO Visian ICL product line, and companion delivery systems for the eye.

For the fourth quarter of 2019, the Company expects to report net sales of $38.9 million compared to $31.2 million in the fourth quarter of 2018. The total net sales for full-year 2019 are expected to be $150.2 million, up from $124 million reported in 2018.

Looking ahead to fiscal 2020, the Company sees total net sales growth, year-over-year, in the range of 16% to 20% with a mid-point of 18%, representing approximately $177.2 million.

The Company is targeting sales CAGR of 25% by the end of 2022.

STAA has traded in a range of $21.70 to $42.73 in the last 1 year.

KTM 390 Adventure first ride and review

Video review of KTM 390 Adventure

With increasing success of its rather stripped-down but sporty models, KTM has made waves in the Indian market. Here we have another one from the KTM stable – the KTM 390 Adventure. So does the new machine on two wheels match up to expectations? And what’s special about it? Watch to find out…

Sensex, Nifty open in the red on dismal macro data

Both key indices were in the red primarily due to emergence of selling in financial and auto stocks.

Equity benchmarks Sensex and Nifty slipped into the negative zone in opening deals on Thursday, weighed down by disappointing macroeconomic data.

The BSE gauge Sensex was trading lower by 51.28 points or 0.12 % at 41,514.62 in early trade; while the NSE barometer Nifty was down 16.55 points or 0.14 % at 12,184.65.

Both key indices were in the red primarily due to emergence of selling in financial and auto stocks.

Hurting market sentiment, government data on Wednesday showed that industrial output contracted by 0.3 % in December while retail inflation jumped to a 68-month high of 7.59 per cent in January on high food prices.

Ahead of the release of IIP and inflation data, the Sensex had settled 349.76 points, or 0.85 %, higher at 41,565.90; and the Nifty had clocked 93.30 points, or 0.77 %, gains to settle at 12,201.20 on Wednesday.

Provisional data showed that foreign institutional investors bought equities worth ₹ 48.81 crore on a net basis on Wednesday.

The Indian rupee was trading lower by 8 paise at 71.41 gainst the US dollar in opening deals on Thursday.

Meanwhile, Asian stocks were trading mixed as coronavirus concerns continued to impact investor sentiment globally.

The number of fatalities and new cases from China’s coronavirus outbreak soared on Thursday, with over 200 more deaths and thousands of new patients.

The Most Intriguing Concept Cars That Never Saw the Light Of Day

The only limit to the design of automobiles is the imagination of those conceiving them. And concept cars are the perfect vehicle — pun intended — to showcase new design features, technology, or possible future. Some of these prototypes never even made it past the scale model stage.

Since the early 20th century, car designers have taken into account such considerations as speed, safety, cost, style, and comfort. They’ve also been influenced by the space age, environmental concerns, and the needs of those living in cities.

Many of their ideas — such as automatic windows, rearview cameras, and climate control — were conceived off ahead of their time. Other ideas, like use of nuclear fusion or fission were impractical. Still others were rather odd. Here are some of history’s strangest car designs.

24/7 Wall St. has compiled a list of the most intriguing concept cars. We chose vehicles designed with features that either would become standard in cars that would be eventually produced; or introduced new styling; pushed the limits of speed; or challenged the conventions of the day. None of these prototypes ever made it to the production stage.

Click here to see the most intriguing concept cars that never saw the light of day

Cohu Q4 Loss Narrows

Cohu Inc. (COHU) reported that its net loss attributable to the company for the fourth-quarter narrowed to $17.27 million or $0.42 per share from $56.75 million or $1.40 per share in the previous year.

Non-GAAP results loss per share was $0.01 per share, compared to net income of $0.24 per share in the previous year.

Net sales were $142.0 million down from $170.64 million in the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.03 per share and revenues of $139.02 million for the fourth-quarter. Analysts’ estimates typically exclude special items.

Cohu expects first quarter 2020 sales to be between $140 million and $152 million. Analysts expect revenue of $143.06 million for the quarter.

The company said its board approved a quarterly cash dividend of $0.06 per share payable on April 9, 2020 to shareholders of record on February 25, 2020.

CoreCivic Q4 Adj Profit Down; Issues Q1, 2020 Outlook

CoreCivic, Inc. (CXW) reported that its fourth-quarter adjusted net income decreased to $42.8 million or $0.36 per share from $48.1 million or $0.40 per share last year.

Net income for the quarter was $42.0 million or $0.35 per share, compared to $41.2 million or $0.35 per share a year ago.

Funds From Operations or FFO was $69.0 million or $0.58 per share, up from $68.2 million or $0.57 per share last year.

Normalized FFO declined to $69.8 million or $0.59 per share from $75.1 million or $0.63 per share in the prior year.

Quarterly total revenue rose to $497.8 million from $482.2 million last year.

LOoking ahead to the first quarter 2020, the company expects earnings per share in a range of $0.23 to $0.27 and Adjusted EPS of $0.26 to $0.29. The company also anticipates first quarter FFO per diluted share of $0.46 to $0.50 and Normalized FFO per diluted share of $0.49 to $0.53.

For 2020, the company expects earnings per share in a range of $1.34 to $1.43, Adjusted EPS of $1.38 to $1.47. The company also expects FFO per diluted share of $2.26 to $2.36 and Normalized FFO per diluted share of $2.30 to $2.40 for 2020.