Hudson Technologies Rises 14% On Higher Q3 Results
Shares of refrigerant products provider Hudson Technologies, Inc. (HDSN) are climbing 14 percent on Thursday’s trading after the company posted improved results in the third quarter.
The company’s net income rose to $29.4 million or $0.62 per share in the quarter, up from $15.9 million or $0.34 per share in the same period last year.
Revenues soared 48 percent to $89.5 million from $60.6 million in the year-ago period.
On average, 3 analysts polled by Thomson Reuters expected the company to post earnings of $0.01 per share on revenues of $36.23 million in the quarter.
Currently at $10.24, the stock has traded between $3.11 and $11.16 during the past 52 weeks.
Enel 9-Month Profit Down
Enel (ENLAY.PK,EN) Thursday said its profit attributable to owners of the parent for first nine months of 2021 dropped to 1.76 billion euros from 2.51 billion euros last year.
Earnings, on a per share basis, were $0.17, down from $0.24 last year.
Ordinary EBITDA for the nine-month period was 12.67 billion euros, compared to 12.77 billion euros last year.
Revenues for the first nine months of 2021 rose to 108.2 billion euros from 58.8 billion euros last year.
The 84% surge in revenues is attributable to all business segments, mainly reflecting an increase in the quantities of electricity and gas sold at rising average prices and an increase in the quantity of electricity generated.
Over Half A Million Black+Decker Garment Steamers Recalled
Empower Brands has recalled about 518,500 Black+Decker garment steamers due to burn hazard.
According to Consumer Product Safety Commission, Black+Decker model HGS011 easy garment steamers were recalled, as the steamers can expel, spray or leak hot water during use, posing a burn hazard to consumers.
Empower Brands said it has received 241 reports of hot water expelling from the steamer, including 32 reports of burn injuries, two of which were second-degree burns.
The company has asked its customers to immediately stop using the recalled steamers and contact Empower Brands to receive a free replacement upper assembly for their steamer.
The recall involves Black+Decker model HGS011 easy garment steamers with date codes 102ZJ through 210ZJ located on the plug blades. The steamers were sold in a variety of colors.
The products were sold at Walmart, Target, Bed Bath & Beyond and other stores nationwide, including online, from June 2021 through September 2022 for between $16 and $23.
Freenet 9-Month Revenues Up Slightly
Freenet AG (FRAGF.PK) on Thursday said its revenue for the first 9-months rose to 1.89 billion euros from 1.88 billion euros in the same period last year.
The company said the the slight increase was partly driven by steady growth in the number of subscribers, which rose to 8,930.6 thousand in the nine-month period of the current year. Postpaid ARPU also remained stable compared to the prior-year period at 17.9 euros compared to 18.1 euros last year.
Earnings before interest, taxes, depreciation, and amortization or EBITDA for the period increased to 362.3 million euros from 339.9 million euros last year.
The company reported third quarter revenue of 652.1 million euros, up from 641.8 million euros in the comparable quarter last year.
Mettler-Toledo Revises FY Outlook
While reporting its third-quarter results on Thursday, Mettler-Toledo International Inc. (MTD) revised its outlook for the full year 2022.
The company now anticipates local currency sales growth in 2022 to be approximately 10% and adjusted earnings of $38.95 to $39.05 per share.
Analysts polled by Thomson Reuters currently estimate earnings of $39.07 per share and revenue growth of 5.60%.
Previously, the company expected local currency sales guidance of approximately 9% to 10% and adjusted earnings guidance of $38.85 to $39.05 per share.
For the fourth quarter, the company anticipates local currency sales growth to be about 7%, and adjusted earnings per share of $11.55 to $11.65. Analysts currently estimate earnings of $11.87 per share and revenues of $1.06 billion.
Older Dodge Challenger, Charger Asked To Be Taken Off Roads
Stellantis, the manufacturer of Dodge and Chrysler vehicles, has issued a strong statement urging owners of older cars to stop driving them if they have not yet had their Takata airbags replaced. Issuing the statement under former corporate name FCA, the automaker said this affects 2005 through 2010 models of the Dodge Challenger and Charger and the Magnum, as well as the same model years of the Chrysler 300 sedan.
The stop-drive announcement was issued as the National Highway Traffic Safety Administration or NHSTA said in statement that two people have died this year in separate crashes where the Takata driver’s-side airbag in 2010 Dodge Chargers exploded. These are the only FCA models that are under the new stop-drive order, a spokesperson said.
Takata airbags have been an industry-wide problem since 2013, with millions of cars from dozens of brands being recalled worldwide over danger they could explode in a crash. FCA discontinued using the problematic airbags in 2010 for these models, the spokesperson said. The automaker started issuing recalls and offering free replacement airbags in 2015, and, it said in a statement today, has been “aggressive” about trying to get them replaced in its vehicles in the U.S., including “millions” of letters, phone calls, and home visits to potentially affected vehicle owners.
However, according to the statement, there are still more than a quarter-million cars that have not had the defective airbags replaced.
Expedia Inc. Q3 Profit Increases, but misses estimates
Expedia Inc. (EXPE) released a profit for its third quarter that increased from last year but missed the Street estimates.
The company’s bottom line came in at $482 million, or $2.98 per share. This compares with $362 million, or $2.26 per share, in last year’s third quarter.
Excluding items, Expedia Inc. reported adjusted earnings of $640 million or $4.05 per share for the period.
Analysts on average had expected the company to earn $4.12 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 22.3% to $3.62 billion from $2.96 billion last year.
Expedia Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $482 Mln. vs. $362 Mln. last year.
-EPS (Q3): $2.98 vs. $2.26 last year.
-Analyst Estimate: $4.12
-Revenue (Q3): $3.62 Bln vs. $2.96 Bln last year.