Ingevity Corp. (NGVT) Tops Q3 EPS by 3c
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Ingevity Reports Third Quarter 2016 Financial Results
November 2, 2016 6:22 PM EDTNet sales of $252.0 million and a net loss of $4.8 million resulted in net loss as a percentage of sales of 1.9 percent, compared to net sales of $256.5 million and net income of $24.7 million which resulted in net income as a percentage of sales of 9.6 percent in the prior year quarter Net loss reflects a non-cash restructuring charge of $32.2 million for closure of Performance Chemicals Palmeira, Brazil, crude tall oil (CTO) refinery Diluted loss per share was $0.17; adjusted earnings per share were $0.64 Adjusted EBITDA of $59.6 million up 5.3 percent... More