On Friday, Shares of Altria Group Inc (NYSE:MO), lost -1.72% to $60.47.
Altria Group, declared its 2015 third-quarter and nine-month business results and reaffirmed its guidance for 2015 full-year adjusted diluted EPS.
“Altria continued to deliver outstanding performance in the third quarter and for the first nine months. Once again, our businesses strengthened their market leadership, with strong income growth and solid retail share gains by the iconic Marlboro and Copenhagen brands,” said Marty Barrington, Altria’s Chairman, Chief Executive Officer and President. “We believe our year-to-date adjusted EPS growth of 11.5% positions us well to deliver on our full-year plans. In addition, we’re happy Anheuser-Busch InBev and SABMiller continue to work together to finalize terms in advance of their possible combination. We see this transaction, and our participation in it as SABMiller’s largest shareholder, as a compelling opportunity to strengthen for our shareholders our position in the global brewing business.”
Altria Group, Inc., through its auxiliaries, manufactures and sells cigarettes, smokeless products, and wine in the United States and internationally. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, Husky, and Marlboro Snus brand names.
Shares of Yelp Inc (NYSE:YELP), declined -3.03% to $22.25, during its last trading session.
Yelp Inc., declared financial results for the third quarter ended September 30, 2015.
- Net revenue was $143.6 million in the third quarter of 2015 reflecting 40% growth over the third quarter of 2014.
- Adjusted EBITDA for the third quarter of 2015 was $12.5 million contrast to $20.1 million in the third quarter of 2014.
- Cumulative reviews grew 35% year over year to about 90 million.
- App Unique Devices grew 39% year over year to about 20 million on a monthly average basis1.
- Local advertising accounts grew 37% year over year to about 104, 2002.
Net loss in the third quarter of 2015 was $(8.1) million, or $(0.11) per share, contrast to a net income of $3.6 million, or $0.05 per share, in the third quarter of 2014.
Non-GAAP net income, which comprises of net income not taking into account stock-based compensation and amortization was $2.7 million, or $0.03 per share, for the third quarter of 2015.
Yelp Inc. operates a platform that connects people with local businesses in the United States. Its platform covers various local business categories, counting restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others categories.
Finally, Shares of FMC Corp (NYSE:FMC), ended its last trade with 2.36% gain, and closed at $40.71.
FMC Corporation, stated third quarter revenue of $831 million, a 1 percent improvement over the same period in 2014. The company stated a net loss of $2.4 million, or a loss of $0.02 per diluted share, in the third quarter of 2015, as contrast to net income of $56 million, or $0.42 per diluted share, in the third quarter of 2014. Not Taking Into Account certain gains and charges related to the exit of certain businesses and various restructuring charges, adjusted earnings were $0.42 per diluted share, as contrast to the preceding-year quarter adjusted earnings of $0.72 per diluted share. Adjusted EPS was lower primarily due to the impact of foreign currency headwinds, partially offset by lower operating costs and a lower tax rate.
Cost Reduction Restructuring Program
On October 12, 2015, FMC declared that it would expand and accelerate the Cheminova integration, reorganize the company’s operations in Brazil, and improvement cost savings targets to reduce enterprise-wide operating costs. Run-rate cost savings will be $140 million to $160 million, contrast to the preceding target of $90 million. FMC now anticipates total headcount reductions of 800 to 850 positions, an improvement from the previous target of 500 to 550 positions. The majority of the actions to achieve these savings will be implemented within the next six months.
Segment Results
Third quarter results were significantly influenced by foreign exchange headwinds, particularly the rapid devaluation of the Brazilian real against the U.S. dollar. Outside Brazil, the rest of the FMC Agricultural Solutions segment performed in line with preceding expectations. FMC’s Health and Nutrition segment saw raised volumes from pharmaceutical applications, and delivered further improvement in operating margins. FMC Lithium continued to perform in line with expectations and saw encouraging demand and pricing trends across the portfolio. However, results for the Lithium business continue to be negatively influenced by inflation in Argentina.
FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific.