Tredegar Swings To Profit In Q2
(RTTNews) - Industrial manufacturer Tredegar Corp. (TG) reported Wednesday net income for the second quarter was $8.79 million or $0.26 per share, compared to a net loss of $18.92 million or $0.56 per share in the prior-year quarter.
Excluding items, adjusted net income from ongoing operations were $0.30 per share, compared to adjusted net loss from ongoing operations of $0.06 per share in the year-ago quarter.
Total sales for the quarter increased to $190.24 million from $178.17 million in the same quarter last year.
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Tredegar Says Brazilian Regulator Recommends Rejection Of Sale Of Terphane To Oben Group
Industrial manufacturer Tredegar Corp. (TG) announced Thursday that, as part of the Brazilian merger review process regarding the sale of Terphane to Oben Group, the General Superintendence of the Administrative Council for Economic Defense (SG-CADE) issued a non-binding opinion recommending the rejection of the transaction.
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Tredegar Q4 Net Loss Sharply Widens
Industrial manufacturer Tredegar Corp. (TG) reported Friday a net loss for the fourth quarter that sharply widened to $35.59 million or $1.04 per share from $3.87 million or $0.11 per share in the prior-year quarter.
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Tredegar Q3 Profit Plunges
Industrial manufacturer Tredegar Corp. (TG) reported Wednesday that net income for the third-quarter plunged to $1.03 million or $0.03 per share from $6.20 million or $0.19 per share in the prior-year quarter.
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TSX Ends Modestly Lower
https://money.tmx.com/canadian-markets
https://www.rttnews.com/3499633/bay-street-likely-to-open-slightly-higher.aspx?type=cn
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Dollar Turns In Mixed Performance Against Major Counterparts
The U.S. dollar turned in a mixed performance against its major counterparts with traders assessing the Federal Reserve's likely moves with regard to interest rates next year.
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U.S. Stocks Close Notably Lower; Nasdaq Sheds 1.5 Percent
U.S. stocks tumbled on Friday and the major averages all closed notably lower with the tech-laden Nasdaq suffering a more pronounced loss as yields on 10-Year Treasury Note rose to near 8-month high.
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U.S. Stocks Down Firmly In Negative Territory; Nasdaq Tumbled 1.7 Percent
U.S. stocks are down firmly in negative territory Friday afternoon with rising Treasury yields contributing to the weakness. The major averages are all down in the red with the Nasdaq suffering a more pronounced loss.
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Swiss Market Ends On Firm Note
The Switzerland market closed on a firm note on Friday, in line with markets across Europe, as investors picked up stocks from across several sectors.
The benchmark SMI closed up 101.06 points or 0.88% at 11,589.34, slightly off the day's high of 11,597.29.
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