October 14, 2014 8:04 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Wolverine World Wide (NYSE: WWW) reported upbeat earnings for the third quarter.The Rockford, Michigan-based company posted a quarterly profit of $57.8 million, or $0.57 per share, versus a year-ago profit of $54.4 million, or $0.54 per share. Its adjusted earnings came in at $0.63 per share.Its revenue dropped 0.8% to $711.1 million. However, analysts were estimating a profit of $0.59 per share on revenue of $720.94 million.Wolverine's gross margin widened to 40.0% from 39.9%, while adjusted operating margin rose 70 basis points to 13.8%.Wolverine ended the quarter with cash and cash equivalents of $231.5 million and net debt of $865.1 million."Highlighting the strength of our diverse global business model, strong revenue results across multiple geographies, particularly Asia Pacific and EMEA, offset what continues to be a somewhat tepid retail environment in the U.S.," said Blake W. Krueger, Wolverine Worldwide's Chairman and Chief Executive Officer.For the full year, Wolverine projects earnings of $1.57 to $1.63 per share on revenue of $2.75 billion.Wolverine shares declined 0.80% to close at $24.65 yesterday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.