Honest Company Posts Adj. EBITDA Loss In Q2; Stock Down
The Honest Company (HNST) reported its seventh consecutive quarter of year-over-year revenue and volume growth. However, the company’s adjusted loss per share for the quarter came in below analysts’ estimate. Looking forward, the company said it continues to have confidence in its three year strategic plan, Strategy 2023.
On a non-GAAP basis, loss per share was $0.23 for the second quarter of 2021. On average, nine analysts polled by Thomson Reuters expected the company to report a loss per share of $0.14, for the quarter. Analysts’ estimates typically exclude special items. Adjusted EBITDA was a loss of $0.8 million for the second quarter of 2021 compared to a gain of $3.5 million during the second quarter of 2020.
Second quarter net loss was $20.0 million, compared to net loss of $0.4 million, a year ago. Net loss per share was $0.17 compared to a loss of $0.01.
Second quarter revenue grew 3% to $74.58 million from $72.35 million, prior year. Excluding an estimated $3.7 million COVID-19 stock-up impact primarily in Diapers and Wipes in the prior year period, revenue growth was 9%, for the quarter. Analysts expected revenue of $79.52 million, for the quarter.
The company ended the second quarter of 2021 with $95.1 million in cash, cash equivalents and short-term investments.
Shares of Honest Company were down nearly 7% in pre-market trade on Friday.
‘Heels’ Is a Family Drama, With Body Slams
Like most wrestling shows, this Starz series suggests that the sport’s most compelling action happens outside of the ring.
By Jeremy Gordon
Pick 6: Odds the Broncos will win Super Bowl LVI, Damian Lillard joins the Nuggets, Vic Fangio gets fired – The Denver Post
‘Ted Lasso’ Season 2 Episode 4 Recap: A Very Special Christmas Episode
It’s only a matter of time before the poster-board and markers come out …
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Watch live: CDC panel meets to debate Covid booster shots for vulnerable Americans
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A Centers for Disease Control and Prevention advisory panel is holding a meeting Friday to discuss the distribution of Covid-19 booster shots to people with weak immune systems.
The meeting comes one day after the Food and Drug Administration granted emergency approval of a third dose of Pfizer and Moderna vaccines for vulnerable Americans.
A vote by the Advisory Committee on Immunization Practices on whether or not to update CDC booster shot guidelines is expected around 1 p.m.
ZipRecruiter Gains 4% On Outlook
Shares of ZipRecruiter Inc. (ZIP) are currently gaining over 4% on Friday morning after the company lifted its revenue outlook for the full year 2021.
ZIP is currently trading at $30.30, up $1.26 or 4.34%, on the NYSE. The stock has traded between $19.32 and $32.00 in the 52-week period.
Looking forward to the third quarter, the company now expects revenues of $182.0 million to $188.0 million. For the full year 2021, the company expects revenues of $651.0 million to $665.0 million, up from prior outlook of $588.0 million to $600.0 million. Analysts currently estimate revenues of $156.09 million and $595.27 million for the third quarter and full year 2021, respectively.
For the second-quarter, ZipRecruiter reported loss of $53.3 million or $0.55 per share, compared to net income of $15.6 million or $0.18 per share last year.
Revenues for the quarter surged to $183.0 million from $87.7 million last year.
Analysts polled by Thomson Reuters expected a loss of $0.22 per share on revenues of $160.4 million.
Three-year-old child and police officer found dead at address in Kidderminster
A three-year-old child and a serving police officer have been found dead at an address in Worcestershire, West Mercia Police said.
The force said officers attended an address in Cairndhu Drive in Kidderminster following concerns for the welfare of a man and young child.
A 39-year-old man and a three-year-old child were found dead on arrival.
Federal judge won't put new CDC evictions moratorium on hold
WASHINGTON — Federal judge won’t put new CDC evictions moratorium on hold.
Chilled Dinners for Crazy-Hot Days
Silken tofu with tomatoes and peaches, caprese salad and more satisfying meals for the tail end of summer.
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FuboTV Shares Continue Downtick
fuboTV Inc. (FUBO) shares are down more than 7 percent on Friday morning trade continuing a decline since August 11 after declining a second-quarter net loss.
Currently, shares are at $29.21, down 7.45 percent from the previous close of $31.56. The shares have traded in a range of $8.26-$62.29 on average volume of 10,496,525.
European Economics Preview: Germany Foreign Trade Data Due
Foreign trade data from Germany is due on Monday, headlining a light day for the European economic news.
At 1.45 am ET, the Swiss State Secretariat for Economic Affairs is set to publish unemployment data for July. The jobless rate is seen falling to a seasonally adjusted 3 percent from 3.1 percent in June.
At 2.00 am ET, Destatis releases Germany’s external trade data for June. Exports are forecast to grow 0.4 percent on month, following a 0.3 percent rise in May. Meanwhile, growth in imports is expected to ease to 0.5 percent from 3.4 percent.
In the meantime, industrial production data is due from Norway.
At 5.00 am ET, the Hellenic Statistical Authority is slated to publish Greece consumer prices and industrial production data.
At 6.00 am ET, Ireland’s industrial production and unemployment figures are due.