On Tuesday, Dollar Tree, Inc. (NASDAQ:DLTR)’s shares inclined 0.92% to $77.69.
Dollar Tree, Inc. (DLTR) stated a better-than-predictable quarterly profit, assisted by higher prices and lower transportation costs.
The company said on Tuesday that it sold more tobacco and healthcare products, perishable food items and candy and snacks in its consumables business in the first quarter.
Demand in the non-consumables business was driven by apparel and home products.
Dollar General’s shares rose about 4 percent in light premarket trading.
The company is set to be dethroned as the top U.S. discount retailer by store count after it lost a takeover battle for smaller rival Family Dollar Stores Inc to Dollar Tree Inc this year.
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The combined Family Dollar and Dollar Tree will have more than 13,000 stores. Dollar General had about 12,000 stores as of May 1.
Dollar General has said that it would speed up store openings this year.
The company said last week that Chief Executive Rick Dreiling would retire on Wednesday, seven and a half years after taking the helm, and Chief Operating Officer Todd Vasos would replace him.
Dollar General’s net income rose to $253.2 million, or 84 cents per share, in the quarter ended May 1 from $222.4 million, or 72 cents per share, a year earlier.
Dollar Tree, Inc. operates discount variety stores in the United States and Canada. Its stores offer merchandise at the fixed price of $1.00. The company’s stores provide consumable merchandise, which comprises candy and food, and health and beauty care products; and everyday consumables, such as paper and chemicals, and frozen and refrigerated food. Its stores also offer various merchandise that comprise toys, durable housewares, gifts, party goods, greeting cards, softlines, and other items; and seasonal goods compriseing of Valentine’s Day, Easter, Halloween, and Christmas merchandise.
QTS Realty Trust Inc (NYSE:QTS)’s shares gained 1.40% to $38.37.
QTS Realty Trust Inc (QTS) declared the pricing of an underwritten public offering of 7,000,000 shares of its Class A common stock by it and a selling stockholder at a public offering price of $37.00 per share. The Company is offering 5,750,000 shares, which was upsized from the formerly declared 5,000,000 shares, and GA QTS Interholdco, LLC, the selling stockholder and an associate of General Atlantic LLC, is offering 1,250,000 shares, which was upsized from the formerly declared 500,000 shares. GA QTS Interholdco, LLC, the selling stockholder, has granted the underwriters a 30-day option to purchase an aggregate of up to an additional 1,050,000 shares of common stock at the public offering price. As a result of the enhance in the offering size, the Company estimates that net proceeds to it, after deducting the underwriting discount and estimated offering expenses payable by the Company, will be about $203.3 million.
The Company intends to use the net proceeds of the offering of shares by the Company to fund a portion of the cash consideration payable by the Company in the acquisition of Carpathia Hosting, Inc. (the “Carpathia acquisition”), and prior to such use, to use a portion of the proceeds for general corporate purposes, counting to repay amounts outstanding under its unsecured revolving credit facility. If the Carpathia acquisition is not consummated, the Company intends to use the net proceeds from the offering for working capital and general corporate purposes. The Company will not receive any proceeds from the offering of shares by the selling stockholder. The shares are predictable to be delivered on or about June 5, 2015, subject to customary closing conditions.
QTS Realty Trust, Inc. focuses on the ownership, development, and operation of carrier-neutral data centers in the United States. The company was founded in 2013 and is headquartered in Overland Park, Kansas.
At the end of Tuesday’s trade, Nucor Corporation (NYSE:NUE)‘s shares surged 3.82% to $49.41.
Nucor Corporation (NUE) declared merged net earnings of $67.8 million, or $0.21 per diluted share, for the first quarter of 2015. By comparison, Nucor stated net earnings of $111.0 million, or $0.35 per diluted share, for the first quarter of 2014 and net earnings of $210.4 million, or $0.65 per diluted share, for the fourth quarter of 2014.
Nucor’s results comprise a credit of $16.5 million ($0.03 per diluted share) to value inventories using the last-in, first-out (LIFO) method of accounting. The credit is contrast with a charge of $14.5 million ($0.03 per diluted share) in the first quarter of 2014 and a credit of $57.3 million ($0.11 per diluted share) in the fourth quarter of 2014. Comprised of in the fourth quarter of 2014 results were $8.9 million ($0.02 per diluted share) of non-cash inventory related purchase accounting charges associated with the acquisition of Nucor Steel Gallatin and a $13.2 million ($0.04 per diluted share) out-of-period non-cash gain related to a correction to tax balances. Comprised of in the first quarter of 2014 earnings was a $12.8 million ($0.04 per diluted share) charge primarily related to tax legislation changes in the state of New York. Also comprised of in first quarter of 2014 results was a $9.0 million charge ($0.02 per diluted share) related to the disposal of assets within the steel mills segment.
Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces and distributes hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; structural steel products comprising wide-flange beams, beam blanks, H-pilings, and sheet pilings; and bar steel products, such as blooms, billets, concrete reinforcing bars, merchant bars, and special bar quality products. This segment sells its products to steel service centers, fabricators, and manufacturers in automotive, energy, agricultural, heavy equipment, and transportation sectors.
Thompson Creek Metals Company Inc (USA) (NYSE:TC), ended its Tuesday’s trading session with 16.95% gain, and closed at $1.07.
Thompson Creek Metals Company Inc (USA) (TC) declared recently an update on mill operations and throughput at Mount Milligan Mine. Over the past few months, various adjustments and modifications were made at Mount Milligan to address operational challenges practiced during the first quarter of 2015. While additional improvements are predictable to be accomplished in the second half of this year, during the month of May, daily mill throughput averaged 50,686 tonnes, and tonnage per operating hour averaged 2,198, contrast to 39,569 tonnes and 1,889 tonnes per hour, respectively, for the first quarter of 2015. Mill availability in May was about 96%, contrast to 87% in the first quarter.
Thompson Creek Metals Company Inc. engages in mining, milling, processing, and marketing of copper, gold and molybdenum products in the United States and Canada. It operates in three segments: Copper-Gold, US Operations Molybdenum, and Canadian Operations Molybdenum.
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