Itron Prices Underwritten Public Offering – Quick Facts
Itron, Inc. (ITRI) announced the pricing of underwritten public offering of 3,888,889 shares of common stock at a price to the public of $90.00 per share. The offering is expected to close on or about March 12, 2021. The company plans to use the net proceeds from the offering, together with cash on hand, to repay outstanding term loan borrowings under its credit facility that was initially entered into on January 5, 2018, and to pay all fees and expenses related to the offering and such repayment.
Itron, Inc. also announced the pricing of its private offering of $400 million
aggregate principal amount of 0% convertible senior notes due 2026 to persons reasonably believed to be qualified institutional buyers. The offering is expected to settle on March 12, 2021.
Campbell Soup Co. Q2 adjusted earnings Inline With Estimates
Campbell Soup Co. (CPB) reported earnings for its second quarter that advanced from the same period last year.
The company’s bottom line came in at $401 million, or $0.80 per share. This compares with $350 million, or $0.56 per share, in last year’s second quarter.
Excluding items, Campbell Soup Co. reported adjusted earnings of $393 million or $0.84 per share for the period.
Analysts had expected the company to earn $0.84 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 5.6% to $2.28 billion from $2.16 billion last year.
Campbell Soup Co. earnings at a glance:
-Earnings (Q2): $393 Mln. vs. $364 Mln. last year.
-EPS (Q2): $0.84 vs. $0.72 last year.
-Analysts Estimate: $0.84
-Revenue (Q2): $2.28 Bln vs. $2.16 Bln last year.
Six NBA teams that could make a big second-half push: What to know for Wednesday
The second half of the NBA season opens Wednesday night with a light schedule. There are only two games, but the four teams involved offer an interesting window into this year's unique playoff race.
The new play-in tournament offers the ninth- and 10-place teams in each conference the opportunity to compete for the final two playoff seeds with the seventh- and eighth-place teams. And with the standings so tight, more teams than ever can plot a viable path to the postseason. Anyone can vault up the standings with one modest winning streak.
The Washington Wizards resume play Wednesday in 12th place in the East, but they're just 1½ games out of 10th and four games out of fourth. Washington faces the Memphis Grizzlies, who are 10th in the West but only five games out of fourth place.
Just ahead of Memphis, the San Antonio Spurs (seventh) and Dallas Mavericks (eighth) open the second half against each other Wednesday with the same chance to make a move up the standings.
Hilton Grand Vacations to buy Diamond Resorts International for about $1.4 billion
(Reuters) – Hilton Grand Vacations Inc said on Wednesday it would buy Diamond Resorts International Inc from funds managed by affiliates of Apollo Global Management Inc, Reverence Capital Partners and other stockholders in an all-stock deal for about $1.4 billion.
Vertex Reports FDA Fast Track Designation For VX-880 – Quick Facts
Vertex Pharmaceuticals Incorporated (VRTX) announced the FDA has granted Fast Track Designation for VX-880. VX-880, formerly known as STx-02, is an investigational allogeneic human stem cell-derived islet cell therapy that is being evaluated for patients who have type 1 diabetes with impaired hypoglycemic awareness and severe hypoglycemia.
The company has started a clinical trial for VX-880 in patients who have type 1 diabetes with severe hypoglycemia and impaired hypoglycemic awareness. The clinical trial is a phase 1/2, single-arm, open-label study. Approximately 17 patients will be
enrolled in the trial.
Tupperware Brands Reports Adj. Profit In Q4 – Quick Facts
Tupperware Brands Corp. (TUP) reported fourth quarter adjusted profit per share of $0.14 compared to a loss of $0.63, prior year. On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.71, for the quarter. Analysts’ estimates typically exclude special items. Excluding adjustments, pre-tax income improved 183% to $68 million.
Fourth quarter sales increased 17% to $489.6 million; local currency sales were up 20%. Analysts expected revenue of $448.99 million, for the quarter.
Shares of Tupperware Brands were down 6% in pre-market trade on Wednesday.
Viral Attack Ad Exposes Stark Difference Between GOP, Democratic Priorities
The progressive PAC MeidasTouch calls out GOP distraction tactics with its latest online ad.
The 86-second clip released on Twitter Tuesday breaks down a stark difference in current Republican and Democratic priorities.
It cuts footage of House Minority Leader Kevin McCarthy’s (R-Calif.) widely criticized and confusing reading of Dr. Seuss’s “Green Eggs and Ham” last week over video of Democrats working through the night to pass the COVID-19 relief bill.
The spot ends with a Dr. Seuss-style rhyme:
“The GOP can’t govern and so they distract, while Democrats work through the night and then act!”
Watch the video here:
The video, the latest from attorney Ben Meiselas and his two brothers, has so far garnered more than a half-million views.
It follows similar anti-GOP ads from the siblings that have bashed Donald Trump, Trump family members and allies of the former president.