RADIANT LOGISTICS, INC Q4 Profit Decreases, but beats estimates
RADIANT LOGISTICS, INC (RLGT) reported earnings for fourth quarter that decreased from last year but beat the Street estimates.
The company’s earnings totaled $3.1 million, or $0.06 per share. This compares with $16.7 million, or $0.33 per share, in last year’s fourth quarter.
Excluding items, RADIANT LOGISTICS, INC reported adjusted earnings of $6.5 million or $0.13 per share for the period.
Analysts on average had expected the company to earn $0.12 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter fell 39.4% to $232.2 million from $382.9 million last year.
RADIANT LOGISTICS, INC earnings at a glance (GAAP) :
-Earnings (Q4): $3.1 Mln. vs. $16.7 Mln. last year.
-EPS (Q4): $0.06 vs. $0.33 last year.
-Analyst Estimates: $0.12
-Revenue (Q4): $232.2 Mln vs. $382.9 Mln last year.
MIND Technology, Inc. Q2 Loss Decreases
MIND Technology, Inc. (MIND) released Loss for second quarter that decreased from last year
The company’s bottom line totaled -$2.44 million, or -$0.18 per share. This compares with -$2.87 million, or -$0.21 per share, in last year’s second quarter.
The company’s revenue for the quarter rose 0.5% to $8.75 million from $8.71 million last year.
MIND Technology, Inc. earnings at a glance (GAAP) :
-Earnings (Q2): -$2.44 Mln. vs. -$2.87 Mln. last year.
-EPS (Q2): -$0.18 vs. -$0.21 last year.
-Revenue (Q2): $8.75 Mln vs. $8.71 Mln last year.
SoftBank's Arm Holdings Prices IPO At $51.00/ADS, Top End Of Estimated Range
Chip designer Arm Holdings plc., affiliated to Japan’s SoftBank Group Corp. (SFTBY), said that it has priced its initial public offering of 95.50 million American depositary shares or “ADSs” at a price to the public of $51.00 per ADS, which is the top end of the previously estimated range of $47.00 to $51.00 per ADS. Each ADS represents one of its ordinary shares.
The ADSs are expected to begin trading on the Nasdaq Global Select Market on September 14, 2023 under the symbol “ARM.”
The selling shareholder in the IPO has granted the underwriters an option to purchase up to an additional 7 million ADSs to cover over-allotments, if any, for 30 days after the date of the final prospectus.
The IPO is expected to close on September 18, 2023.
It was in late August that Arm filed for an IPO in the U.S., which is expected to be one of the largest listing in recent years.
Kier Full-year Profit Climbs
Kier Group plc (KIE.L), a British construction business, on Thursday reported higher profit before tax and revenues for the full year.
Profit before tax surged 226.4 percent to 51.9 million pounds from 15.9 million pounds of last year.
After tax, earnings grew to 41 million pounds or 9.3 pence per share from 12.7 million pounds or 2.8 pence per share of previous year.
Excluding items, profit before tax climbed 11.4 percent to 104.8 million pounds from 94.1 million pounds a year ago.
Adjusted earnings per share rose 14.3 percent to 19.2 pence from 16.8 pence last year on significant reduction in adjusting items.
Earnings were backed by revenues that increased 7.5 percent to 3.380 billion pounds from 3.143 billion pounds of the prior year. Excluding certain items, revenue climbed 4.6 percent to 3.405 billion pounds from 3.256 billion pounds of the previous year.
On Wednesday, shares of Kier closed at 87 pence down 1.81% on the London Stock Exchange.
Trainline H1 Revenue Climb On Higher Ticket Sales; Backs Outlook
Trainline Plc (TRN.L), a British independent rail and coach travel platform selling tickets, on Thursday posted an increase in net ticket sales and revenue for the first-half of 2024. In addition, the company has reaffirmed its Annual outlook.
For the six-month period to August 31, the Group registered total net ticket sales of 2.649 billion pounds, higher than 2.159 billion pounds, posted for the same period of previous year.
The UK Consumer net ticket sales stood at 1.7 billion pounds, compared with last year’s 1.433 billion pounds, reflecting more people switching to digital ticketing, with industry e-ticket penetration at 46 percent, up from 43 percent from 2023. Trainline’s growth has also reflected continued rail industry recovery – with passenger volumes regularly coming close to pre-Covid levels.
International Consumer net ticket sales climbed to 559 million pounds from 452 million pounds a year ago.
The Group revenue was at 197 million pounds as against 165 million pounds of last year period. Revenue from the UK Consumer improved to 102 million pounds from previous year’s 88 million pounds.
International Consumer generated revenue of 30 million pounds, compared with 24 million pounds a year ago.
Looking ahead, for full year 2024, the company still expects annual net ticket sales and revenue growth of 13 percent to 22 percent.
Trainline continues to forecast adjusted EBITDA of 2.15 percent to 2.25 percent of net ticket sales.
Victoria PLC FY Underlying Operating Profit Rises; LFL Revenue Growth At 2.8%
Victoria PLC (VCP.L) posted a fiscal year pretax loss of 110.6 million pounds compared to a loss of 12.4 million pounds, prior year. Loss per share was 79.35 pence compared to a loss of 10.61 pence. Underlying operating profit was 118.8 million pounds, up 10.1%. Underlying profit per share was 39.06 pence compared to 40.21 pence.
Fiscal year revenue increased to 1.48 billion pounds from 1.02 billion pounds, prior year. Underlying revenue was 1.46 billion pounds, up 43.3%. Like-for-like organic revenue growth was 2.8%, for the period.
Looking forward, the Group is confident of fiscal 2024 outlook with a projected sharp increase in earnings and free cash flow due to completion of major integration projects.
The Board has resolved not to pay a final dividend for fiscal 2023.
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