4 Killed In Russian Attacks As Fierce Battles Rage In South And East Ukraine
At least four people were killed in Russian attacks as fierce battles are raging in the south and east of Ukraine.
Eastern towns constantly come under Russian bombardment since Sunday.
An elderly woman was killed in missile strikes in a residential building in the northeastern city of Kharkiv.
Three people were killed in shelling in the southern city of Kherson.
Ukrainian commander Volodymyr Nazarenko said that troops are battling Russian paratroopers near the eastern city of Bakhmut.
“Because for five or six months, near Bakhmut has been a living hell. The enemy is constantly attacking. And we can observe more about how the weather is changing, which, by the way, has a great impact on the combat capability, morale, and living conditions of each soldier,” said Nazarenko, deputy commander of the “Svoboda” battalion of the 4th Rapid Reaction Brigade of Ukraine’s National Guard, in an interview on Ukrainian television Monday.
Meanwhile, German Chancellor Olaf Scholz has ruled out supplying fighter jets to Ukraine. “The question of combat aircraft does not come up at all,” the German leader said in an interview with Tagesspiegel.
The United States and Germany last week pledged to deliver fighter tanks to Ukraine.
ManpowerGroup Q4 Profit Plunges On Decreased Revenue
ManpowerGroup (MAN), a provider of global workforce solutions on Tuesday announced vastly lower results for the fourth quarter, attributed mainly to the revenue dip following the strengthening of the U.S. Dollar relative to foreign currencies. However, revenues beat the Street estimates.
Net earnings for the period stood at $48.7 million or $0.95 per share as compared to $111.1 million or $2.02 per share in the fourth quarter of the prior year.
10 analysts polled by Thomson Reuters were expecting the company to report earnings of $2.11 per share. Analysts typically exclude one-time items.
Revenues declined 11 percent to $4.81 billion, from $5.38 billion in the prior period. The decline in revenues on a constant currency basis was around 1 percent.
7 analysts polled by Thomson Reuters were expecting the company to report revenues of $4.76 billion.
The company expects earnings per share in the first quarter to be between $1.61 and $1.71, which includes an estimated unfavorable currency impact of 15 cents.
Shares of ManpowerGroup closed Monday’s trading at $86.90, down $0.30 or 0.34 percent from the previous close.
Dole To Sell Fresh Vegetables Division To Fresh Express For $293 Mln Cash
Dole plc (DOLE) on Tuesday announced that certain of its subsidiaries have entered into a definitive agreement to sell Dole’s Fresh Vegetables Division to an affiliate of Fresh Express Incorporated, a unit of Chiquita Holdings Limited, for about $293 million in cash.
Net proceeds from the sale are currently expected to be used primarily for debt reduction of Dole.
For the fiscal ended December 31, 2021, the Fresh Vegetables Division reported revenue of $1.28 billion. The business has agricultural operations and four processing plants across the United States and employs more than 3,000 people.
Shares of Dole closed Monday’s trading at $10.70, up $0.05 or 0.47 percent from the previous close.
Sysco Corp. Q2 Profit Decreases, misses estimates
Sysco Corp. (SYY) announced earnings for second quarter that decreased from the same period last year and missed the Street estimates.
The company’s bottom line totaled $141.22 million, or $0.28 per share. This compares with $167.44 million, or $0.33 per share, in last year’s second quarter.
Excluding items, Sysco Corp. reported adjusted earnings of $407.92 million or $0.80 per share for the period.
Analysts on average had expected the company to earn $0.84 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 13.9% to $18.59 billion from $16.32 billion last year.
Sysco Corp. earnings at a glance (GAAP) :
-Earnings (Q2): $141.22 Mln. vs. $167.44 Mln. last year.
-EPS (Q2): $0.28 vs. $0.33 last year.
-Analyst Estimates: $0.84
-Revenue (Q2): $18.59 Bln vs. $16.32 Bln last year.
Corning Q4 Profit Tops Estimates; Issues Q1 Guidance
Corning Incorporated (GLW) reported fourth quarter core EPS of $0.47 compared to $0.54, prior year. On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.44, for the quarter. Analysts’ estimates typically exclude special items.
GAAP net loss was $36 million compared to net income of $487 million, last year. Loss per share was $0.04 compared to profit of $0.56.
Core sales were $3.63 billion, down 2% from previous year. Analysts on average had estimated $3.55 billion in revenue.
For the first quarter, the company expects core sales in the range of $3.2 billion to $3.4 billion, and anticipates sales to improve from these levels in the second quarter. First-quarter core EPS is estimated in the range of $0.35 to $0.42.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
Interstate 70 westbound closed in Aurora due to crash at Colfax, Tower
Interstate 70 westbound has reopened in Aurora between Colfax Avenue and Tower Road after a multi-vehicle crash closed the interstate.
The Aurora Police Department also attributed icy conditions to the road closure, according to a 6:33 a.m. tweet. The road was reopened about 7 a.m.
Police said at least four cars were involved, but no one suffered any life-threatening injuries.
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