Pre-market Movers: WTRH, NEW, RGLS, KOSS, PROC…

WD-40 Co Q4 Profit Falls, misses estimates

WD-40 Co (WDFC) released earnings for fourth quarter that dropped from last year.

The company’s profit came in at $8.4 million, or $0.61 per share. This compares with $19.6 million, or $1.42 per share, in last year’s fourth quarter.

Analysts had expected the company to earn $1.23 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 3.2% to $115.2 million from $111.6 million last year.

WD-40 Co earnings at a glance:

-Earnings (Q4): $8.4 Mln. vs. $19.6 Mln. last year.
-EPS (Q4): $0.61 vs. $1.42 last year.
-Analysts Estimate: $1.23
-Revenue (Q4): $115.2 Mln vs. $111.6 Mln last year.

-Guidance:
Next quarter EPS guidance: $5.24-$5.38
Next quarter revenue guidance: $522-$542 Mln

Japan volcano Mount Aso erupts, officials warn people to stay away

  • A Japanese volcano spewed ash several miles into the sky when it erupted on Wednesday, prompting officials to warn people to steer clear of the threat of lava flows and falling rocks.
  • There were no immediate reports of casualties or damage.
  • Ash falls from the 1,592-metre (5,222-foot) mountain in the prefecture of Kumamoto are expected to shower nearby towns until late afternoon, it added.

A Japanese volcano spewed ash several miles into the sky when it erupted on Wednesday, prompting officials to warn people to steer clear of the threat of lava flows and falling rocks, but there were no immediate reports of casualties or damage.

Mount Aso, a tourist destination on the main southern island of Kyushu, spewed plumes of ash 3.5 km (2.2 miles) high when it erupted at about 11:43 a.m. (0243 GMT), the Japan Meteorological Agency said.

It raised its alert level for the volcano to 3 on a scale of 5, telling people not to approach, and warned of a risk of large volcanic blocks and pyroclastic flows within a radius of about 1 km (0.6 mile) around the mountain's Nakadake crater.

Ash falls from the 1,592-metre (5,222-foot) mountain in the prefecture of Kumamoto are expected to shower nearby towns until late afternoon, it added.

Mount Aso had a small eruption in 2019, while Japan's worst volcanic disaster in nearly 90 years killed 63 people on Mount Ontake in September 2014.

Opinion | How Will Blue America Live With Covid?


By Ross Douthat

Opinion Columnist

Sony Pictures To Sell GSN Games For $1 Bln

Sony Pictures Entertainment, a wholly-owned subsidiary of Sony Group Corp., has agreed to sell GSN Games, a division of its Game Show Network subsidiary, to mobile gaming specialist Scopely for $1 billion.

Sony Pictures will receive half of the price in cash and the remainder in preferred equity. This transaction is subject to customary closing conditions, including regulatory approvals. The deal, subject to the customary review by regulators, will also give Sony Pictures a minority stake in Scopely.

GSN Games operates a portfolio of free-to-play mobile and online games that includes “Solitaire TriPeaks” and “Bingo Bash,” among other titles.

Ravi Ahuja, Chairman, Global Television Studios and Sony Pictures Entertainment
Corporate Development, shared, “GSN Games has been a great business for Sony the last 14 years, and we are proud of the experiences the team continues to deliver for players around the world. In meeting the Scopely team, we knew we found the right organization to support and accelerate the business. We are confident they will take GSN Games to new heights and SPE is pleased to be a minority shareholder in Scopely as a result of this transaction.”

Citizens Financial Group, Inc. Q3 Earnings Advance, Beats estimates

Citizens Financial Group, Inc. (CFG) released a profit for its third quarter that increased from the same period last year.

The company’s profit came in at $504 million, or $1.18 per share. This compares with $289 million, or $0.68 per share, in last year’s third quarter.

Analysts had expected the company to earn $1.16 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 7.3% to $1.66 billion from $1.79 billion last year.

Citizens Financial Group, Inc. earnings at a glance:

-Earnings (Q3): $504 Mln. vs. $289 Mln. last year.
-EPS (Q3): $1.18 vs. $0.68 last year.
-Analysts Estimate: $1.16
-Revenue (Q3): $1.66 Bln vs. $1.79 Bln last year.

Pre-market Movers: WTRH, NEW, RGLS, KOSS, PROC…

The following are some of the stocks making big moves in Wednesday’s pre-market trading (as of 06.15 A.M. EDT).

In the Green

Waitr Holdings Inc. (WTRH) is up over 27% at $1.02

Puxin Ltd (NEW) is up over 25% at $0.57

Koss Corporation (KOSS) is up over 16% at $22.30

Procaps Group, S.A. (PROC) is up over 14% at $11.06

Kintara Therapeutics, Inc. (KTRA) is up over 14% at $1.09

RLX Technology Inc (RLX) is up over 10% at $5.15

Sentage Holdings Inc (SNTG) is up over 8% at $2.81

Camber Energy Inc (CEI) is up over 8% at $1.56

DatChat Inc (DATS) is up over 7% at $16.16

Inpixon (INPX) is up over 5% at $0.04

In the Red

Regulus Therapeutics (RGLS) is down over 21% at $0.60

Cytosorbents Crp (CTSO) is down over 9% at $6.27

Apollo Endosurgery Inc (APEN) is down over 8% at $7.76

NRX Pharmaceuticals Inc (NRXP) is down over 7% at $10.12

Zivo Bioscience Inc (ZIVO) is down over 5% at $4.24

Crispr Therapeutics AG (CRSP) is down over 4% at $98.46