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Weber Q4 Net Loss Widens; Sales Down 52%

RTTNews | 868 dagar sedan

Weber Q4 Net Loss Widens; Sales Down 52%

(RTTNews) - Barbeque brand Weber Inc. (WEBR) reported Wednesday that net loss for the fourth quarter widened to $152.12 million or $0.53 per share from $86.07 million or $0.13 in the prior-year quarter.

Excluding items, adjusted net loss for the quarter was $95.91 million, compared to adjusted net loss of $35.37 million in the year-ago quarter.

Net sales for the quarter decreased 52 percent to $168.09 million from $350.23 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.35 per share on net sales of $209.06 million for the quarter. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Taggar: WEBR

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Weber Appoints CTO Alan Matula As Interim CEO

Weber Appoints CTO Alan Matula As Interim CEO

Weber Inc. (WEBR) announced Monday that Chief Technology Officer Alan Matula has been appointed interim Chief Executive Officer, effective immediately. CEO Chris Scherzinger is departing from his roles on the management team and Board of Directors. A search for a permanent CEO will commence immediately.

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Yen Falls On Trade Deal Hopes

Yen Falls On Trade Deal Hopes

The Japanese yen weakened against other major currencies in the European session on Wednesday as European stock markets traded higher amid expectations of a potential trade deal with the United States.

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UK Stocks Turning In Mixed Performance; FTSE 100 Up Marginally At Noon

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Yen Falls Against Majors

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The Japanese yen weakened against other major currencies in the European session on Wednesday.

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CAC 40 Up Over 0.5% As Stocks Move Higher On Results, Easing Trade Tensions

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French stocks are up in positive territory on Wednesday, with investors digesting a slew of earnings announcements and regional economic data, and picking up stocks amid easing concerns about trade tensions.

RTTNews | 1h 42minuter sedan

Australian Dollar Rises On CPI Data

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The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, following the release of a slight firmer than expected consumer price data.

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Sensex, Nifty End Choppy Session Marginally Lower

Sensex, Nifty End Choppy Session Marginally Lower

Indian shares swung between gains and losses before ending marginally lower on Wednesday due to trade-related uncertainties and rising tensions on the borders with Pakistan.

RTTNews | 1h 59minuter sedan

DAX Extending Gains To 7th Session

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