India’s second largest phosphatic fertiliser player, Coromandel International , on Friday posted a staggering 90% increase in consolidated net profit on the back of an improved agri input consumption due to the early onset of monsoons.The company posted a consolidated net profit after tax (PAT) at Rs 75 crore for the quarter ended June 30, 2017 as against Rs 7 crore in corresponding quarter last year.Sameer Goel, managing director, Coromandel International said, “During the quarter, the early onset of monsoons has resulted in higher crop sowings in our key operating markets and led to improved agri input consumption”.The company’s consolidated revenue stood at Rs 2,289 crores in comparison to the corresponding quarter last year of Rs 2,072 crores. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) for the quarter stood at Rs 171 crores against corresponding quarter last year of Rs 88 crores registering a growth of 94%.With forecast of normal south west monsoons and implementation of agrarian and policy reforms targeting soil health and balanced nutrition, we expect the agriculture scenario to improve, going forward, said Goel.Coromandel International is in the business of fertilisers, crop protection, specialty nutrients, organic manure and retail.consolidated Coromandel fertiliser international monsoons net posted profit quarter Rs crore
When First Solar Inc. (NASDAQ: FSLR) released its most recent quarterly earnings report after the markets closed on Thursday, the company said that it had $0.64 in earnings per share (EPS) and $623.3 million in revenue.
Almost in response to this report, First Solar raised its earnings and revenue guidance for the full year.consensus earnings EPS estimates quarter quarterly raised report Revenue solar
Corporation (LIC), country’s largest insurer, is planning to invest in General Corporation’s (GIC) (IPO), which is expected to file its initial share sale prospectus in the next couple of weeks. He was speaking after corporation announced slew of steps to ease difficulties for people hit by recent floods in Assam and Gujarat.cent companies Corporation insurer IPO IRDAI Rs crore sale Sharma stake
Arbutus Biopharma Corporation (ABUS) is a $200 million market cap company focused on its early stage pipeline targeting a cure for patients suffering from chronic hepatitis B viral (HBV) infection.
ARB-1467, an RNAi, utilizes Arbutus’ proprietary lipid nanoparticle platform made up of three RNAi sequence mechanisms to target all four HBV transcripts.ABUS anti HBV hepatitis infection lipid nanoparticle Phase RNAi treatment viral
SEI is rolling out a new product platform to Regions Financial by the end of this year, and to Wells Fargo by the end of next.
Financial technology is a great space to be in, and SEI is one of the stronger picks for those who are risk-averse.asset client financial investment investors management margin product regions SEI
Multiple Wall Street firms downgraded Starbucks shares after the company gave weaker than expected sales guidance and announced the closure of all its Teavana stores.
Starbucks gaveglobal comparable sales growth guidance of 3 to 4 percent for its fiscal fourth quarter versus Wall Street expectations of 5 percent.firms guidance multiple sales shares Starbucks Street Thursday versus Wall
Exxon Mobil Corp. (NYSE: XOM) reported estimated second-quarter 2017 results before markets opened Friday.
Even though profits nearly doubled year over year and the company beat revenue estimates, the missed profit goal will weigh on Exxon’s share price Friday.barrels cubic feet earnings EPS revenues gas higher quarter rose Volume year
E-commerce superstar Amazon.com, Inc. (AMZN) has fallen more than 3.5% ahead of Friday's opening bell after beating second quarter revenue estimates but missing earnings expectations by a wide margin. The company also issued in line guidance, disappointing the momentum crowd while stoking investor fears that CEO Jeff Bezos will put capital back to work rather than building cash hordes that would underpin share prices.ahead Amazon earnings long opening public quarter resistance signal stock
GNC is lapping very easy Q3 and Q4 same-store sales comparisons for the second half of 2017.
However, my new portfolio manager friend, the guy who is a PM for a multi-billion dollar European equity fund, for whom I helped make a lot of money in his "PA" in shares of GNC, pinged me this morning that the "great" Goldman Sachs issued an analyst note where Mr. Stephen Tanal reiterated his $5 price target.baseline call GNC MOTU owned revenue Q2 Revenue shares side store quarter
Stocks hit new all-time highs this week, but some soft earnings on Thursday and Friday had markets indicated slightly lower on Friday. The bull market may now be over eight years old, but the one theme that hasn’t failed is that investors keep finding new reasons to buy the major indexes and their favorite stocks after every sell-off.analyst cut earnings Friday maintained NASDAQ Neutral raised rating Thursday
Pakistan is likely to face serious political and economic instability after the country's three-time Prime Minister Nawaz Sharif is ousted from power by the Supreme Court following a corruption investigation into his family's wealth.
But the nuclear-armed country is now set for political uncertainty with no clear successor in place.country economic face instability minister Pakistan political Prime three time