On Friday, DHT Holdings Inc (NYSE:DHT)’s shares inclined 3.40% to $7.90.
General Mills (GIS) reported results for the first quarter of fiscal 2016.
First Quarter Results Summary
- Net sales declined 1 percent to $4.21 billion. On a constant-currency basis, net sales increased 4 percent.
- Segment operating profit totaled $826 million, up 20 percent. In constant currency, total segment operating profit increased 23 percent.
- Diluted earnings per share (EPS) totaled 69 cents compared to 55 cents a year ago.
- Adjusted diluted EPS, which excludes certain items affecting comparability of results, totaled 79 cents in the first quarter of 2016, up 30 percent from 61 cents in last year’s first quarter. On a constant-currency basis, adjusted diluted EPS increased 36 percent.
Please see Note 8 to the Consolidated Financial Statements below for reconciliation of non-GAAP measures used in this release.
B&G Foods, Inc. manufactures, sells, and distributes shelf-stable food and household products in the United States, Canada, and Puerto Rico. Its portfolio of products comprise hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, puffed corn and rice snacks, nut clusters, Greek yogurt coated granola bars and bites, and other specialty products.
New York REIT Inc (NYSE:NYRT)’s shares gained 1.80% to $10.73.
New York REIT, Inc. (NYRT), a publicly traded real estate investment trust, recently declared the initiation of a series of governance, planned and operational actions intended to enhance value for all shareholders and narrow the gap between net asset value (NAV) and the Company’s current common share price. These changes are the result of weeks of engagement with NYRT’s shareholders and careful consideration by the Company and its Board.
NYRT’s senior administration and Board of Directors unanimously endorsed the following actions:
- The Board designated Marc Rowan as a Director; The Board is conducting a search to identify additional independent director candidates, and plans to appoint two independent directors in the near future;
- The Company engaged the Eastdil Secured division of Wells Fargo Securities, a leading real estate investment banking group, as planned advisor to identify and consider potential planned transactions at the asset or entity level;
- The Company is releasing parties who take partd in a previous planned transaction process from the standstill provisions of their non-disclosure agreements, enabling them to take part in any planned transactions at the asset or entity level;
- The Company continues to pursue its formerly declared plan to sell non-core, outer-borough assets; and
New York REIT, Inc. focuses on acquiring commercial real estate, in addition to acquiring properties or making other real estate investments that relate to office, retail, multi-family residential, industrial, and hotel property types located primarily in New York City.
At the end of Friday’s trade, Tesoro Corporation (NYSE:TSO)‘s shares surged 1.25% to $101.54.
Tesoro Corporation (TSO), together with Savage and BNSF Railway, recently gave local business leaders an opportunity to observe and learn about the improved safety features of Tesoro’s new DOT 120 crude oil rail cars at the Port of Vancouver USA.
In addition to showcasing the rail cars, officials with Tesoro and Savage, who are joint venture partners in the projected Vancouver Energy terminal at the Port of Vancouver USA, presented new public opinion research results showing strong support for the terminal by voters in Clark County.
The event focused on crude oil-by-rail safety in Washington state; the safe operations and handling of crude oil at the Port of Vancouver USA and projected Vancouver Energy crude oil-by-rail to marine loading terminal; and the DOT 120 rail cars’ additional features that make them safer and better equipped to transport crude oil than previous models. The rail cars meet the safety requirements of the new U.S. Department of Transportation standard with a thicker tank shell, full-height head shields, a tank jacket and upgraded bottom outlet valve handle. Features that exceed the new standard comprise a thicker tank head than required; both thermal protection and a high-flow pressure relief valve; protective housing for the manway; and two times the rated tank test pressure.
Tesoro Corporation, through its auxiliaries, engages in petroleum refining and marketing activities in the United States. It operates in three segments: Refining, Tesoro Logistics LP (TLLP), and Retail.
Aeropostale Inc (NYSE:ARO), ended its Friday’s trading session with -5.17% loss, and closed at $0.550.
Aéropostale, Inc. (ARO), a mall-based specialty retailer of casual apparel for young women and men, recently revealed that on September 29, 2015, it received notice from the New York Stock Exchange (the NYSE) that the average closing price of the Company’s common stock over a successive 30 trading-day period had fallen below $1.00 per share, which is the minimum average price required by the NYSE. The notice has no immediate impact on the listing of the Company’s common stock.
The Company plans to notify the NYSE by October 13, 2015 that it intends to cure the deficiency and return to compliance with NYSE continued listing requirements. Under the NYSE rules, the Company can cure this deficiency if, during the six-month period following receipt of the NYSE notice, on the last trading-day of any calendar month, the Company’s common stock has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month. If the Company determines that it will cure the stock price deficiency by taking an action that will require approval by its stockholders at the next annual meeting of stockholders, the six-month period described above will extend to shortly after such annual meeting.
Aéropostale, Inc. operates as a specialty retailer of casual apparel and accessories for 14 to 17 year-old young women and men. It operates through two segments, Retail Stores and E-Commerce, and International Licensing.
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