'Bitter ex came to "give dog treats" – then stole pet and burned her to death'
Stock Alert: Sea Ltd Soars On Surge In Q4 Revenue
Sea Limited (SE) shares are gaining on Tuesday morning trade as the company reported a surge in fourth-quarter revenues and a better outlook for the full year 2021.
The Singapore-based global consumer internet company reported a 101.6 percent increase in revenue in the fourth quarter to $1.566 billion from $777.22 million a year ago. It, however, reported a wider net loss of $524.56 million compared with $281.92 million loss last year.
Looking ahead, the company expects an increase of 38.1 percent in digital entertainment from last year in the range of $4.3-$4.5 billion.
The shares are currently at $263.07, up 6.10 percent from the previous close of $248.51. The shares have traded in a range of $35.61-$285.00 on average volume of 3,889,521 for the last 52-weeks.
Bitcoin Briefly Crosses $50,000 Mark
After a gap of six days, Bitcoin briefly crossed the $50,000 mark during Asian trading hours Tuesday.
The most popular cryptocurrency is trading at $49,563 while writing this report. BTC’s current market capitalization is $920 billion, and global trade volume is $48.25 billion.
Bitcoin’s price rose by nearly 10 percent on Monday, after hitting a low of $43,021 on Sunday.
It is seen as signal that the Bitcoin market has again started recovering from the significant dip witnessed in the previous week.
Bitcoin suffered a setback in its value by more than $15000 in 7 days since peaking at an all-time record high of $58,640 on February 21.
Bitcoin’s value rose by more than 44 percent against the U.S. dollar in a month.
A section of the media attributed the latest surge to major investment bank Citigroup Inc.’s statement that Bitcoin is going to play a bigger role in the global financial system, and Goldman Sachs restarting a trading desk for cryptocurrencies.
Meanwhile, in an investor alert, New York Attorney General Letitia James warned consumers about the cryptocurrency industry’s susceptibility to “speculative bubbles” and abuse by criminals.
Barnes & Noble Education Posts Wider Loss In Q3
Barnes & Noble Education, Inc. (BNED) reported a third quarter loss per share $0.96 compared to a loss of $0.04, prior year. Consolidated non-GAAP adjusted loss was $25.6 million, compared to a loss of $0.7 million.
Third quarter consolidated sales were $411.6 million, down 18.1% from prior year period.
Barnes & Noble Education expects to generate positive non-GAAP adjusted EBITDA in fiscal 2022. The company expects non-GAAP adjusted EBITDA to approach annual pre-COVID levels in fiscal 2023.
DICK’S Sporting Guides FY21 In Line With Estimates; Boosts Dividend 16% – Quick Facts
While reporting financial results for the fourth quarter on Tuesday, sporting goods retailer DICK’S Sporting Goods Inc. (DKS) initiated its earnings, net sales and consolidated same store sales guidance for the full-year 2021. For the fourth quarter, consolidated same store sales increased 19.3 percent.
For fiscal 2021, the company now projects earnings in a range of $3.81 to $4.55 per share and adjusted earnings in a range of $4.40 to $5.20 per share on net sales between $9.544 billion and $9.935 billion, with consolidated same store sales expected between a decline of 2 percent and an increase of 2 percent.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.15 per share on net sales of $9.59 billion for the year. Analysts’ estimates typically exclude special items.
The company also said it expects to open six new DICK’S Sporting Goods stores and six specialty concept stores in 2021. It expects to relocate 11 DICK’S Sporting Goods stores and convert two former Field & Stream stores into Public Lands stores in 2021.
The Company also announced plans to repurchase a minimum of $200 million of its common shares in 2021.
On March 5, the Company’s Board of Directors authorized and declared a 16 percent higher quarterly dividend of $0.3625 per share on the Company’s Common Stock and Class B Common Stock, payable in cash on March 26, 2021 to stockholders of record at the close of business on March 19, 2021.
U.S. Wholesale Inventories Jump In Line With Estimates In January
A report released by the Commerce Department on Monday showed wholesale inventories in the U.S. jumped in line with economist estimates in the month of January.
The Commerce Department said wholesale inventories spiked by 1.3 percent in January after climbing by an upwardly revised 0.6 percent in December.
Economists had expected wholesale inventories to surge up by 1.3 percent compared to the 0.3 percent increase originally reported for the previous month.
Inventories of durable goods shot up by 1.2 percent during the month, while inventories of non-durable goods jumped by 1.5 percent.
The report also showed a substantial increase in wholesale sales, which soared by 4.9 percent in January after spiking by 1.9 percent in December. Sales of durable and non-durable goods both skyrocketed by 4.9 percent.
With sales jumping by much more than inventories, the inventories/sales ratio for merchant wholesalers dropped to 1.24 in January from 1.29 in December.
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