PG&E Corp. Q4 Profit Increases, Inline With Estimates
PG&E Corp. (PCG) announced a profit for its fourth quarter that increased from last year in line with the Street estimates.
The company’s earnings totaled $472 million, or $0.22 per share. This compares with $200 million, or $0.09 per share, in last year’s fourth quarter.
Excluding items, PG&E Corp. reported adjusted earnings of $596 million or $0.28 per share for the period.
Analysts on average had expected the company to earn $0.28 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
PG&E Corp. earnings at a glance (GAAP) :
-Earnings (Q4): $472 Mln. vs. $200 Mln. last year.
-EPS (Q4): $0.22 vs. $0.09 last year.
-Analyst Estimate: $0.28
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European Economics Preview: EU Economic Forecast Due
Economic forecast from the European Union is due on Thursday, headlining a light day for the European economic news.
At 1.00 am ET, Statistics Finland is scheduled to issue industrial output for December. Production had increased 5.4 percent annually in November.
At 2.00 am ET, Statistics Norway releases consumer and producer prices for January. Inflation is forecast to ease to 4.2 percent from 5.3 percent in December.
In the meantime, unemployment data is due from Turkey.
At 3.30 am ET, Sweden’s central bank announces its interest rate decision. The bank is expected to keep its key rate at zero percent.
At 5.00 am ET, the European Commission publishes economic forecasts for the region.
Also, December industrial production data is due from Greece.
Harbor Freight Tools Recalls 478,800 Seats Due To Risk Of Fall
Harbor Freight Tools has recalled about 478,800 Pittsburgh Automotive pneumatic roller seats due to a risk of fall.
According to a statement from Consumer Product Safety Commission, the recalled product’s connection from the seat to the seat post can break, posing a fall hazard. Harbor Freight Tools has received 96 reports of the seat weld breaking, including ten reports of minor injuries, including bruises from users falling from the seat.
The company has asked customers to immediately stop using the recalled seats and return them to the nearest Harbor Freight Tools store for a free replacement or full refund in the form of a gift card.
The recall involves the Pittsburgh Automotive-branded pneumatic roller seats. The swivel seats are red with a 15 to 20-inch pneumatic lift range and have a black storage tray located above the wheels. Product Registration Number CA-44417 can be found on a white label located on the bottom of the seat’s storage tray.
The seats were sold at Harbor Freight Tools stores nationwide and online from July 2014 through September 2021 for about $30.
Pre-market Movers: DRMA, TWOU, NDRA, USX, VMEO…
The following are some of the stocks making big moves in Thursday’s pre-market trading (as of 07.30 A.M. ET).
In the Green
Dermata Therapeutics, Inc. (DRMA) is up over 35% at $1.45
IronNet, Inc. (IRNT) is up over 21% at $4.28
Twilio Inc. (TWLO) is up over 19% at $241.80
American Rebel Holdings, Inc. (AREB) is up over 17% at $2.53
Neptune Wellness Solutions Inc. (NEPT) is up over 14% at $0.32
Marqeta, Inc. (MQ) is up over 13% at $12.61
Preferred Apartment Communities, Inc. (APTS) is up over 12% at $20.20
Mattel, Inc. (MAT) is up over 11% at $25.45
Mainz Biomed B.V. (MYNZ) is up over 9% at $14.27
CleanSpark, Inc. (CLSK) is up over 8% at $9.09
Grab Holdings Limited (GRAB) is up over 8% at $6
The Walt Disney Company (DIS) is up over 7% at $158.00
In the Red
2U, Inc. (TWOU) is down over 28% at $12.80
ENDRA Life Sciences Inc. (NDRA) is down over 25% at $0.42
U.S. Xpress Enterprises, Inc. (USX) is down over 24% at $3.35
Vimeo, Inc. (VMEO) is down over 21% at $10.89
iRobot Corporation (IRBT) is down over 14% at $61.99
Aeglea BioTherapeutics, Inc. (AGLE) is down over 12% at $3.38
Lumen Technologies, Inc. (LUMN) is down over 10% at $11.43
The Oncology Institute, Inc. (TOI) is down over 10% at $6.01
Quotient Technology Inc. (QUOT) is down over 8% at $6.58
Infobird Co., Ltd (IFBD) is down over 8% at $1.11
Dunelm cashes in on home renovations increase posting bumper profits
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For the six months to December 25 it made a pre-tax profit of £140.8million, an increase of 25.3 percent. Revenues rose 10.6 percent to £795.6million. The retailer’s record half-year results were also boosted by selling more items at full price and stores being allowed to open, unlike in the second lockdown in 2020.
It has increased its interim dividend by 16.7 per cent to 14p, a payout worth £28.7million. It will also pay a special dividend of 37p per share, a payday worth £75.7million to its investors.
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