Buckle December Comparable-store Sales Rise 7%
Buckle, Inc. (BKE), a fashion retailer of clothing, footwear, and accessories, said on Thursday that it has posted a 7 percent rise in comparable-store sales for the month of December.
For the five-week period to December 31, the company also posted net sales of $214.5 million, compared with $198.7 million a year ago.
Net sales for the 48-week fiscal period ended December 31, 2022, moved up to $1.276 billion, from $1.230 billion of previous fiscal. Comparable store net sales also rose by 3.2 percent from same period a year ago.
U.S. Weekly Jobless Claims Inch Up Slightly More Than Expected
First-time claims for U.S. unemployment benefits rose by slightly more than expected in the week ended December 24th, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims crept up to 225,000, an increase of 9,000 from the previous week’s unrevised level of 216,000. Economists had expected jobless claims to inch up to 222,000.
Meanwhile, the Labor Department said the less volatile four-week moving average edged down to 221,000, a decrease of 250 from the previous week’s revised average of 221,250.
The report also said continuing claims, a reading on the number of people receiving ongoing unemployment assistance, also climbed by 41,000 to 1.710 million in the week ended December 17th.
The four-week moving average of continuing claims also rose to 1,679,500, an increase of 25,250 from the previous week’s revised average of 1,654,250.
Next Friday, the Labor Department is scheduled to release its more closely watched report on employment in the month of December.
Employment is expected to increase by 57,000 jobs in December after jumping by 263,000 jobs in November, while the unemployment rate is expected to hold at 3.7 percent.
Schnitzer Steel Industries Inc. Q1 Earnings Summary
Below are the earnings highlights for Schnitzer Steel Industries Inc. (SCHN):
Earnings: -$17.79 million in Q1 vs. $46.20 million in the same period last year.
EPS: -$0.64 in Q1 vs. $1.55 in the same period last year.
Excluding items, Schnitzer Steel Industries Inc. reported adjusted earnings of -$0.44 per share for the period.
Analysts projected -$0.45 per share
Revenue: $598.73 million in Q1 vs. $798.12 million in the same period last year.
Takeda: Interim Analysis Of Phase 3 Study Supports Efficacy Of TAK-755 As Enzyme Replacement Therapy
Takeda (TAK) announced that the totality of evidence from a pre-planned interim analysis of a Phase 3 study supports the efficacy and safety of TAK-755 as enzyme replacement therapy for congenital thrombotic thrombocytopenic purpura or cTTP. Based on these data from the interim analysis, Takeda plans to seek marketing authorization for TAK-755 as the first recombinant ADAMTS13 replacement therapy for cTTP.
Takeda noted that the results from the interim analysis of the Phase 3 study have no impact on the full year consolidated reported forecast for the fiscal year 2022.
For More Such Health News, visit rttnews.com.
Helen of Troy Limited Q3 Profit Decreases, but beats estimates
Helen of Troy Limited (HELE) reported a profit for third quarter that decreased from the same period last year but beat the Street estimates.
The company’s bottom line came in at $51.826 million, or $2.15 per share. This compares with $75.683 million, or $3.10 per share, in last year’s third quarter.
Excluding items, Helen of Troy Limited reported adjusted earnings of $66.259 million or $2.75 per share for the period.
Analysts on average had expected the company to earn $2.61 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter fell 10.6% to $558.606 million from $624.884 million last year.
Helen of Troy Limited earnings at a glance (GAAP) :
-Earnings (Q3): $51.826 Mln. vs. $75.683 Mln. last year.
-EPS (Q3): $2.15 vs. $3.10 last year.
-Analyst Estimates: $2.61
-Revenue (Q3): $558.606 Mln vs. $624.884 Mln last year.
Pre-market Movers: OBLG, HKD, NUWE, RNER, ARCK…
The following are some of the stocks making big moves in Thursday’s pre-market trading (as of 07.10 A.M. ET).
In the Green
Oblong, Inc. (OBLG) is up over 45% at $3.22
AMTD Digital Inc. (HKD) is up over 35% at $13.56
Mount Rainier Acquisition Corp. (RNER) is up over 25% at $14.10
Arbor Rapha Capital Bioholdings Corp. I (ARCK) is up over 23% at $14.15
Monopar Therapeutics Inc. (MNPR) is up over 17% at $2.85
HIVE Blockchain Technologies Ltd. (HIVE) is up over 16% at $2.10
Relativity Acquisition Corp. (RACY) is up over 14% at $25.12
CRISPR Therapeutics AG (CRSP) is up over 8% at $48.64
NuStar Energy L.P. (NS) is up over 8% at $17.48
YPF Sociedad Anónima (YPF) is up over 7% at $9.35
Western Digital Corporation (WDC) is up over 5% at $35.01
In the Red
Nuwellis, Inc. (NUWE) is down over 27% at $7.93
TC Biopharm (Holdings) Plc (TCBP) is down over 19% at $3.95
Geron Corporation (GERN) is down over 8% at $2.93
Medifast, Inc. (MED) is down over 5% at $111.11
Simulations Plus, Inc. (SLP) is down over 5% at $35.60
Apple Hospitality REIT, Inc. (APLE) is down over 5% at $14.91
One killed in stabbing in Denver’s East Colfax on Syracuse Street
One person was killed in Denver Wednesday night in a stabbing in East Colfax.
The stabbing happened in the 1100 block of North Syracuse Street, the Denver Police Department tweeted at 7:28 p.m.
One victim was found, police said, and that person later died. The Denver Office of the Medical Examiner will identify the victim and provide cause of death.
The incident is being investigated as a homicide.