For Greek Reds, No Matter How Good, the Embrace Will Be Slow
Unfamiliarity with the grapes, the geography, the language and the culture means education will have to precede widespread acceptance.
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By Eric Asimov
Applied Materials Inc. Q4 adjusted earnings Miss Estimates
Applied Materials Inc. (AMAT) revealed earnings for its fourth quarter that rose from last year.
The company’s bottom line came in at $1.71 billion, or $1.89 per share. This compares with $1.13 billion, or $1.23 per share, in last year’s fourth quarter.
Excluding items, Applied Materials Inc. reported adjusted earnings of $1.76 billion or $1.94 per share for the period.
Analysts had expected the company to earn $1.95 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 30.5% to $6.12 billion from $4.69 billion last year.
Applied Materials Inc. earnings at a glance:
-Earnings (Q4): $1.76 Bln. vs. $1.15 Bln. last year.
-EPS (Q4): $1.94 vs. $1.25 last year.
-Analysts Estimate: $1.95
-Revenue (Q4): $6.12 Bln vs. $4.69 Bln last year.
Next quarter EPS guidance: $1.78 to $1.92
Workday, Inc. Q3 adjusted earnings Beat Estimates
Below are the earnings highlights for Workday, Inc. (WDAY):
-Earnings: $43.41 million in Q3 vs. -$24.34 million in the same period last year.
-EPS: $0.17 in Q3 vs. -$0.10 in the same period last year.
-Excluding items, Workday, Inc. reported adjusted earnings of $286.58 million or $1.10 per share for the period.
-Analysts projected $0.86 per share
-Revenue: $1.33 billion in Q3 vs. $1.11 billion in the same period last year.
Catcher Elias Diaz, Rockies reach a three-year, $14.5 million deal – The Denver Post
Rockies catcher Elias Díaz, who put together a solid second half of the 2021 season, has agreed to a three-year contract, the club announced Thursday.
The deal is worth $14.5 million, a source confirmed.
Díaz, 31, slashed .246/.310/.464 through 106 games and hit a career-high 18 home runs, tied for third-most among National League catchers.
The contract keeps Díaz through the 2024 season. The agreement takes care of arbitration for 2022 and covers the first two years of what would have been free agency.
This story will be updated
Intuit Lifts FY Outlook, Shares Gain 9%
Shares of Intuit Inc. (INTU) jumped over 9% in extended trading session on Thursday after the accounting software maker lifted its outlook for the full year 2022.
Looking forward, the company now expects adjusted earnings of $11.48 to $11.64 per share and revenues of $12.165 billion to $12.300 billion.
Previously, the company expected adjusted earnings of $11.05 to $11.25 per share on revenue between $11.050 billion and $11.200 billion.
Analysts polled by Thomson Reuters currently estimate earnings of $11.23 per share on revenues of $11.16 billion.
For the second quarter, the company expected adjusted earnings of $1.84 to $1.88 per share and revenue growth of about 73 to 74 percent. Analysts currently estimate earnings of $1.47 per share.
CEO Sasan Goodarzi said, “We continue to see strong momentum and proof that our Big Bets are further positioning us for durable growth in the future, and we’re delighted that Mailchimp has joined Intuit.”
INTU closed Thursday’s trading at $628.94, down $6.12 or 0.96%, on the Nasdaq. The stock, however, gained $58.11 or 9.24% in the after-hours trading.
Ross Stores Lifts FY Earnings Outlook
Ross Stores Inc. (ROST) Thursday lifted its earnings outlook for the full year. The company now expects full-year earnings of $4.65 to $4.75 per share, up from prior forecast of $4.20 to $4.38 per share. Analysts polled by Thomson Reuters currently estimate earnings of $4.51 per share for the year.
The company expects a comparable store sales gain of 12% to 13% for the full year.
Looking ahead, CEO Barbara Rentler said, “While we are encouraged by the ongoing strength of consumer demand, there remains significant uncertainty related to the worsening industry-wide supply chain congestion as we enter the important holiday season. As a result, and while we hope to do better, we are projecting fourth quarter comparable store sales gains of 7% to 9% and earnings per share in the range of $0.83 to $0.93.”
Williams-Sonoma Raises FY21 Outlook
Home retailer Williams-Sonoma, Inc. (WSM) on Thursday lifted its outlook for full year 2021. The company raised its annual outlook to 22-23 percent of net revenue growth and non-GAAP operating margin to between 16.9-17.1 percent.
In the long run, the company expects annual net revenue growth of mid-to-high single digits with non-GAAP operating margin at least at fiscal year end 2021 levels. Williams-Sonoma said that the company’s continued strong results, along with three key
differentiators of in-house design, digital-first channel strategy and values, gives it confidence in these future growth indicators.
The company said that it is on track to achieve $10 billion in net revenues by 2024.
UK weather: ‘Plunge of cold Arctic air’ could sweep across nation next week
The UK could see a significant cold spell next week, according to a Sky News weather expert.
The weather has been very mild recently, with the first half of November seeing temperatures well above average, by more than 2C in many parts of Britain.
But this is all set to change over the weekend.