Dish Network Corp. Bottom Line Retreats In Q1, misses estimates

Trevor Noah Has Thoughts on the Rise in Interest Rates

Noah blamed inflation on “the pandemic, supply chain issues and a Russian man who clearly wasn’t hugged enough as a child.”

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By Trish Bendix

FSIS Warns Against Trader Joe’s Certain RTE Frozen Chicken Products

The U.S. Department of Agriculture’s Food Safety and Inspection Service or FSIS has issued a public health alert for Trader Joe’s ready-to-eat or RTE frozen chicken products that did not receive the benefit of import reinspection.

The RTE frozen chicken products were produced on April 14 and 16, 2022. The agency noted that a recall was not requested because the products are no longer available for purchase.

The affected products include 12.5 oz. tray in-box packages containing “Trader Joes Butter Chicken With Basmati Rice” with best by dates of April 14, 2023, and April 16, 2023, and lot codes “208068” and “208228”; and 8.5 oz. bag in-box packages containing “Trader Joes Mini Chicken Tikka Samosas” with a best by date of April 14, 2023, and lot code “208072” and “207772.”

The products bear the Canadian establishment seal “913.” These items were shipped to Trader Joe’s locations in Idaho, Oregon, and Washington.

FSIS discovered the problem during its routine surveillance activities of imported products. There have been no confirmed reports of illness or adverse reactions due to consumption of these products.

FSIS is concerned that some product may be in consumers’ freezers. Consumers are urged to throw them away or return to the place of purchase.

4imprint Group Sees $1 Bln Group Revenue For 2022

U.K.-based advertising business 4imprint Group plc (FOUR), on Friday said it is on track to achieve its target of $1 billion in group revenue for full year 2022.

The company said that during the period from January to April of 2022, the total order counts in the primary North American business were 11 percent higher than that in 2019, considered the most recent normal year.

Average order values were 14 percent above 2019, resulting in overall demand revenue of 27 percent above the same comparative.

Given the momentum seen in trading in the first four months, the company expects revenue for the year to be above the upper limit of the range of analysts’ forecasts, and well above analysts’ consensus.

On account of the strong volume gains/ revenue, the productivity of the reconfigured marketing portfolio; the relatively stable gross margins; and the operational gearing relating to semi-variable and fixed costs in the business, the management expects the 2022 operating profit to be above the highest analyst forecast in the market.

Shares of 4imprint Group closed Thursday’s trading at 2,440 pounds, down 120 pounds or 4.69 percent from the previous close.

Heidelberger Druckmaschinen Posts FY Profit On Higher Sales; Stock Up

Heidelberger Druckmaschinen AG (HBGRF.PK), a German precision mechanical engineering firm, reported Friday that its fiscal year net result after taxes amounted to 33 million euros, compared to prior year’s loss of 43 million euros.

EBITDA increased to 160 million euros from previous year’s 95 million euros. EBITDA margin improved to 7.3 percent from 5 percent last year.

Sales went up 14 percent to 2.183 billion euros from last year’s 1.913 billion euros.

Order intake grew more than 23 percent to 2.45 billion euros from 2 billion euros last year.

As of March 31, 2022, the order backlog stood at 901 million euros, the highest level in more than 10 years, compared to previous year’s 636 million euros.

In Germany, Heidelberger Druckmaschinen shares were trading at 2 euros, up 2.98 percent.

Opinion | The Supreme Court Has Been Leaking for Years

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Cigna Corp. Q1 Profit Increases, beats estimates

Cigna Corp. (CI) announced earnings for its first quarter that increased from last year and beat the Street estimates.

The company’s bottom line totaled $1.18 billion, or $3.68 per share. This compares with $1.16 billion, or $3.30 per share, in last year’s first quarter.

Excluding items, Cigna Corp. reported adjusted earnings of $1.93 billion or $6.01 per share for the period.

Analysts on average had expected the company to earn $5.18 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 7.6% to $44.11 billion from $40.99 billion last year.

Cigna Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $1.18 Bln. vs. $1.16 Bln. last year.
-EPS (Q1): $3.68 vs. $3.30 last year.
-Analyst Estimate: $5.18
-Revenue (Q1): $44.11 Bln vs. $40.99 Bln last year.

-Guidance:
Full year revenue guidance: $177 Bln

Dish Network Corp. Bottom Line Retreats In Q1, misses estimates

Dish Network Corp. (DISH) revealed a profit for first quarter that decreased from the same period last year and missed the Street estimates.

The company’s earnings came in at $433 million, or $0.68 per share. This compares with $630 million, or $0.99 per share, in last year’s first quarter.

Analysts on average had expected the company to earn $0.75 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 3.8% to $4.33 billion from $4.50 billion last year.

Dish Network Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $433 Mln. vs. $630 Mln. last year.
-EPS (Q1): $0.68 vs. $0.99 last year.
-Analyst Estimates: $0.75
-Revenue (Q1): $4.33 Bln vs. $4.50 Bln last year.