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Beyond Meat revenue plummets in the second quarter due to flagging US demand

Published Mon, 16 Dec 2024 14:01:09 GMT

Plant-based meat substitute maker Beyond Meat said its revenue plunged 30.5% in the second quarter as consumer demand for its burgers, sausages and other products fell despite price cuts.The El Segundo, California-based company lowered its full-year revenue forecast as a result. Beyond Meat now expects revenue between $360 million and $380 million for the year. That’s down from the $375 million to $415 million it forecast at the end of the first quarter.Beyond Meat’s shares fell 10% in after-hours trading Monday.In a conference call with investors, Beyond Meat President and CEO Ethan Brown said the company faced tough comparisons to the second quarter of 2022, when a new beef jerky product generated sales and restaurants were reopening and placing big orders.But Brown said the company is also struggling to appeal to new customers because of perceptions that its products are unhealthy and overly processed. Brown said an ad campaign launched last week will better explain its “cl...

Hallador Energy: Q2 Earnings Snapshot

Published Mon, 16 Dec 2024 14:01:09 GMT

TERRE HAUTE, Ind. (AP) — TERRE HAUTE, Ind. (AP) — Hallador Energy Co. (HNRG) on Monday reported net income of $16.9 million in its second quarter.On a per-share basis, the Terre Haute, Indiana-based company said it had net income of 47 cents.The coal, oil and gas producer posted revenue of $161.2 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HNRG at https://www.zacks.com/ap/HNRGSource

Arcturus Therapeutics: Q2 Earnings Snapshot

Published Mon, 16 Dec 2024 14:01:09 GMT

SAN DIEGO (AP) — SAN DIEGO (AP) — Arcturus Therapeutics (ARCT) on Monday reported a loss of $52.6 million in its second quarter.On a per-share basis, the San Diego-based company said it had a loss of $1.98.The pharmaceutical company posted revenue of $10.5 million in the period.Arcturus Therapeutics shares have climbed 88% since the beginning of the year. In the final minutes of trading on Monday, shares hit $31.85, a rise of 44% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARCT at https://www.zacks.com/ap/ARCTSource

Paramount Global: Q2 Earnings Snapshot

Published Mon, 16 Dec 2024 14:01:09 GMT

NEW YORK (AP) — NEW YORK (AP) — Paramount Global (PARAA) on Monday reported a loss of $299 million in its second quarter.On a per-share basis, the New York-based company said it had a loss of 48 cents. Earnings, adjusted for one-time gains and costs, were 10 cents per share.The company posted revenue of $7.62 billion in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PARAA at https://www.zacks.com/ap/PARAASource

Gladstone: Q2 Earnings Snapshot

Published Mon, 16 Dec 2024 14:01:09 GMT

MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Gladstone Land Corp. (LAND) on Monday reported a key measure of profitability in its second quarter. The results matched Wall Street expectations.The McLean, Virginia-based real estate investment trust said it had funds from operations of $3.8 million, or 11 cents per share, in the period.The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 11 cents per share.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had net income of $1.7 million, or 5 cents per share.The real estate investment trust specializing in farmland, based in McLean, Virginia, posted revenue of $21.2 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LAND at https://www....

Red Sox could have Chris Sale, Trevor Story back this week

Published Mon, 16 Dec 2024 14:01:09 GMT

BOSTON (AP) — Red Sox infielder Trevor Story will be activated from the injured list and make his season debut on Tuesday, and onetime ace Chris Sale will return to the rotation on Friday, Red Sox manager Alex Cora said. Speaking to reporters before Monday night’s game against the Kansas City Royals, Cora said Sale will “most likely” start on Friday in the series opener against the Detroit Tigers. Sale was 5-2 with a 4.58 ERA before going on the injured list following a June 1 start in which he reported shoulder soreness.Story was slotted to replace departed free agent Xander Bogaerts at shortstop, but he had shoulder surgery in January on his right ulnar collateral ligament. The Red Sox have struggled to replace him in the infield, with primary option Kiké Hernández leading the league in errors before being moved to the outfield, and then traded away.Cora also said reliever Garrett Whitlock (bruised elbow) will make one more rehab appearance and could be back with the Red Sox...

Essential Utilities: Q2 Earnings Snapshot

Published Mon, 16 Dec 2024 14:01:09 GMT

BRYN MAWR, Pa. (AP) — BRYN MAWR, Pa. (AP) — Essential Utilities, Inc. (WTRG) on Monday reported profit of $91.3 million in its second quarter.The Bryn Mawr, Pennsylvania-based company said it had net income of 34 cents per share.The water utility posted revenue of $436.7 million in the period.Essential Utilities expects full-year earnings to be $1.85 to $1.90 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WTRG at https://www.zacks.com/ap/WTRGSource

Tesla CFO Zachary Kirkhorn steps down, but will remain with company through year’s end

Published Mon, 16 Dec 2024 14:01:09 GMT

DETROIT (AP) — Tesla Chief Financial Officer Zachary Kirkhorn is departing after 13 years with the electric vehicle and solar panel maker.Kirkhorn stepped down Friday but will remain with Tesla through the end of the year to “support a seamless transition,” according to the Austin, Texas, company. Shares of Tesla Inc. ended down about 1% Monday amid a broader sell-off in the electric vehicle sector. Rivian Automotive Inc. fell almost 4% and Lucid Group Inc. lost 3%. Vaibhav Taneja was named CFO in addition to his current role as chief accounting officer, the company said in a regulatory filing Monday. Kirkhorn has been CFO for the past four years and was a regular participant in the company’s quarterly earnings conference calls. The filing gave no reason for his departure, but said Tesla has experienced tremendous growth during Kirkhorn’s tenure. “Being a part of this company is a special experience and I’m extremely proud of the work we’ve done together since I joined o...

Trea Turner thanks Phillies fans for support on billboards throughout Philadelphia

Published Mon, 16 Dec 2024 14:01:09 GMT

PHILADELPHIA (AP) — Trea Turner used a simple message to express his appreciation for the way Phillies fans have stuck with him during a rough first season in town: “Thank You, Philly.”The message was splashed on 12 digital billboards in the greater Philadelphia area following a series when Philly fans — often billed as some of the worst in sports — gave Turner standing ovations in at-bats throughout the weekend. The idea to cheer Turner was hatched on social media and the slumping shortstop responded — he blasted a three-run homer in a win Saturday against the Royals.Turner signed an 11-year, $300 million deal with the National League champions in the offseason, but he is batting just .238 with 11 home runs and 39 RBIs. He was even dropped to eighth in the batting order.In three games over the weekend against Kansas City, Turner went 4 for 12 with two doubles, a home run and five RBIs.Turner was scheduled to bat seventh Monday in the opener of a four-game set against Washington bef...

McAuliffe interim principal placed on leave

Published Mon, 16 Dec 2024 14:01:09 GMT

DENVER (KDVR) -- Denver Public Schools said the interim principal at McAuliffe International School has been placed on administrative leave per district protocol.The interim principal, Micah Klaver, has been in the position since the previous principal of 12 years, Kurt Dennis, was terminated last month. Proposed bill could ban seclusion rooms in Colorado schools "This is standard procedure for Denver Public Schools until a matter is resolved," a DPS spokesperson said in an email to FOX31.The school has been under scrutiny after a whistleblower came forward about what they called an "incarceration room" at the school. That room and its use are now under investigation by DPS and the Denver Police Department. The whistleblower shared photos of the room, which were distributed by members of the Board of Education. One of the photos shows what is described as a barrel bolt latch on the outside of room 121E. Another shows a padlock on a window.DPS said Amy Bringedahl, the former p...