Trip.com Group Limited Q4 adjusted earnings of RMB1.75 per share
Trip.com Group Limited (TCOM) revealed earnings for fourth quarter that dropped from the same period last year.
The company’s bottom line came in at RMB1.00 billion, or RMB1.65 per share. This compares with RMB2.01 billion, or RMB3.23 per share, in last year’s fourth quarter.
Excluding items, Trip.com Group Limited reported adjusted earnings of RMB1.06 billion or RMB1.75 per share for the period.
The company’s revenue for the quarter fell 40.4% to RMB4.97 billion from RMB8.34 billion last year.
Trip.com Group Limited earnings at a glance:
-Earnings (Q4): RMB1.06 Bln. vs. RMB1.19 Bln. last year.
-EPS (Q4): RMB1.75 vs. RMB1.94 last year.
-Revenue (Q4): RMB4.97 Bln vs. RMB8.34 Bln last year.
European Economics Preview: Eurozone Economic Confidence Due
Economic confidence from euro area and consumer confidence from Germany are due on Thursday, headlining a busy day for the European economic news.
At 2.00 am ET, the market research group Gfk releases Germany’s consumer sentiment survey results. The forward-looking index is forecast to rise to -14.3 in March from -15.6 in February.
At 2.45 am ET, the French statistical office Insee publishes consumer confidence data for February. Economists expect the index to remain unchanged at 92.0.
At 3.00 am ET, industrial production from Austria and producer prices from Spain are due.
In the meantime, the National Institute of Economic Research is slated to issue Sweden’s economic tendency survey results.
At 4.00 am ET, the European Central Bank releases euro area monetary aggregates for January. M3 is forecast to climb 12.5 percent annually, faster than the 12.3 percent rise in December.
At 5.00 am ET, the European Commission is scheduled to issue economic and business sentiment survey results. The economic sentiment index is expected to rise to 92.0 in February from 91.5 in the previous month.
U.S. House scraps Thursday session on warnings of Capitol attack plot: Washington Post
WASHINGTON (Reuters) – The U.S. House of Representatives canceled a session scheduled for Thursday following law enforcement warnings of intelligence pointing to a possible plot by a militia group to breach the U.S. Capitol, the Washington Post reported on Wednesday.
The Challenge of Conservation in Africa in the 21st Century
For communities living on the front lines of wildlife habitats, the reality of sharing space with animals can be harsh – especially the cost of living alongside often contested protected areas, national parks and nature reserves. It is hard for environmentalists to admit, but many conventional conservation methods are failing. Entire ecosystems are being lost to industrial and economic expansion, pushing wildlife into ever-smaller spaces, where they compete with local communities who are already marginalised. That is why we hear so much about the human-elephant conflict.
Vroom Slips 10% On Quarterly Results
Shares of Vroom Inc.(VRM) slipped over 10% in the extended session Wednesday after the online used-car retailer reported a loss for the fourth quarter that was wider than Wall Street analysts’ estimates.
Vroom reported fourth-quarter loss of $60.7 million or $0.46 per share, wider than last year’s loss of $42.7 million or $7.63 per share last year.
Excluding one-time items, Vroom reported adjusted loss of $0.44 per share, compared to $0.33 per share last year.
Revenues for the quarter grew 14.1% to $405.8 million from $355.6 million last year.
Analysts polled by Thomson Reuters expected Vroom to report a loss of $0.39 on revenues of $401.2 million.
Looking forward to the full-year 2021, Vroom expects net loss of $0.61 to $0.68 per share. Analysts currently sees loss of $1.41 per share.
VRM closed Wednesday’s trading at $43.90, down $3.97 or 8.29%, on the Nasdaq. The stock further dropped $5.10 or 11.62% in the after-hours trade.
Disney Shutting At Least 60 Retail Stores In North America, Will Focus More On E-Commerce
Walt Disney Co plans to close at least 60 Disney retail stores in North America this year, representing about 20% of its worldwide total, the company said today.
The move will see the entertainment conglomerate focus more on digital shopping platforms. Disney said it is also looking at cutting back on its European stores, but added that stores in Japan and China will not be shuttered. Also unaffected will be Disney stores in theme parks and through vendor partners like Target.
There are approximately 300 Disney stores in the worldwide market. Disney did not reveal how many jobs would be lost as a result of the closings.
The news continues the trend away from retail shopping that’s been exacerbated by the pandemic. City storefronts across the nation stand empty, with little hope that anything will replace them beyond banks or drugstores.
“While consumer behavior has shifted toward online shopping, the global pandemic has changed what consumers expect from a retailer,” said Stephanie Young, president of Disney’s consumer products, games and publishing.
Young added, “We now plan to create a more flexible, interconnected ecommerce experience that gives consumers easy access to unique, high-quality products across all our franchises.”
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SandRidge Energy Inc. Q4 adjusted earnings of $0.06 per share
Below are the earnings highlights for SandRidge Energy Inc. (SD):
-Earnings: -$0.16 million in Q4 vs. -$249.14 million in the same period last year.
-EPS: -$0.01 in Q4 vs. -$7.01 in the same period last year.
-Excluding items, SandRidge Energy Inc. reported adjusted earnings of $2.17 million or $0.06 per share for the period.