Latest News for Anritsu Stock (OTC:AITUY)

Anritsu Corp is an electronic components manufacturer. The company has three business segments: Measurement, Products Quality Assurance, and Others. The Measurement segment offers measuring devices for mobile phone acceptance testing by mobile phone operators. The Product Quality Assurance Segment offers automatic electronic weighing equipment and contaminant detectors for food, cosmetics, and pharmaceutical industries, and x-ray detectors for contaminants. Anritsu's x-ray machines can detect and remove metal fragments. The Other business segment has a variety of interests, including telecommunication equipment, logistics, and real estate. The company earns the vast majority of its revenue in Japan.

Anritsu Corp

On April 23, 2024 (the "Signing Date"), Masonite International Corporation, a British Columbia corporation ("Masonite" or the "Company"), entered into an Asset Purchase Agreement (the "Asset Purchase Agreement") providing for the disposition (the "Disposition") of the Company's Architectural reporting segment (the "Architectural Business") for a total transaction value of approximately $75 million subject to customary post-closing adjustments. The Disposition is expected to be completed in the second quarter of 2024.
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As a result of entering into the Asset Purchase Agreement, Masonite concluded that on and as of the Signing Date that the assets and liabilities of the Architectural Business meet the criteria to be classified as held for sale. Masonite anticipates recording a net non-cash impairment charge during the second quarter of 2024 in the preliminary range of $90 to $100 million (the "Impairment") as a result of the Disposition. Masonite does not anticipate that this charge will result in future cash expenditures. The final amount of the non-cash impairment charge may vary from the preliminary range as a result of a number of factors, including (i) the fair value of any indemnification liabilities, (ii) changes in foreign exchange rates, (iii) the working capital of the Architectural Business upon consummation of the transaction, (iv) the evaluation of any income tax impacts and (v) other assumptions used including discount rates and allocations.

News

Guidance

Asset Sales

DOOR

As A Result Of Entering Into The Asset Purchase Agreement, Masonite Anticipates Recording A Net Non-Cash Impairment Charge During Q2 Of 2024 In The Preliminary Range Of $90M-$100M

Biotech

General

ASND

MHRA Approves YORVIPATH In Great Britain For Adults With Chronic Hypoparathyroidism

Contracts

CDTG

CDT Environmental Technology Investment Holdings Limited Announces New Wastewater Treatment Services Contract Valued At Approximately $11.7M

AEYE: 21% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38401013">AudioEye shares are trading higher after the company reported better-than-expected Q1 financial results.</a>
AMST: 75% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38400748">Amesite shares are trading higher after the company announced the Beta release of its NurseMagic app.</a>
BOF: 100% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38401732">BranchOut Food Expends Third Contract With Nation&#39;s Largest Retailer, To Total $8M in Annualized Revenue</a>

Movers

Trading Ideas

AEYE

AMST

Market-Moving News for April 24th

Macro Economic Events

Econ #s

Economics

USA Durables Excluding Defense (MoM) For March 2.3% Vs 1.5% Prior

USA Durable Goods Orders (MoM) For March 2.6% Vs 2.5% Est.; 0.7% Prior

US Core Durable Goods Orders (MoM) (Mar) +0.2% vs +0.3% Est.

BMO Capital analyst Rufus Hone maintains Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) with a Outperform and raises the price target from $163 to $168.

Price Target

Analyst Ratings

BMO Capital Maintains Outperform on Fiserv, Raises Price Target to $168

Legal

GOOG

GOOGL

German Email Service Tuta Mail Files Google Complaint Under EU Tech Rules

On April 23, 2024 (the "Signing Date"), Masonite International Corporation, a British Columbia corporation ("Masonite" or the "Company"), entered into an Asset Purchase Agreement (the "Asset Purchase Agreement") providing for the disposition (the "Disposition") of the Company's Architectural reporting segment (the "Architectural Business") for a total transaction value of approximately $75 million subject to customary post-closing adjustments. The Disposition is expected to be completed in the second quarter of 2024.

Masonite Sells Architectural Reporting Segment For $75M

Hasbro Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) shares are trading higher after the company reported a first-quarter FY24 sales decline of 24.4% year-on-year to $757.30 million,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38398974/hasbro-reports-first-quarter-2024-financial-results" rel="noreferrer noopener">beating the consensus estimate of $738.61 million</a>.
The revenue decline was driven primarily by the eOne film and television divestiture; excluding the divestiture, revenue declined by 9%.
Segment Revenue:&nbsp;Consumer Products declined 21%, Wizards of the Coast and Digital Gaming increased 7%. Entertainment segment revenues plunged 85%, impacted by the sale of eOne Film and TV in December 2023.
Selling, distribution, and administration costs fell 25.9%. The operating margin expanded Y/Y from 1.8% to 15.3%, and operating income for the quarter was $116.2 million compared to $17.9 million last year.
The company held $570.2 million in cash and equivalents as of March-end. The operating cash flow totaled $177.8 million.
Adjusted EBITDA for the quarter rose 75% to $172.8 million. Adjusted EPS of $0.61 <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">beat the analyst consensus of $0.27.</a>
&#8220;Performance from our licensing portfolio shows the strength of our brands and we continue to fuel innovation in games and toys as we expand our reach across play patterns to fans of all ages,&#8221; said CEO Chris Cocks.
The company&#8217;s next dividend will be payable on May&nbsp;15,&nbsp;to shareholders of record at the close of business on May 1, 2024.
Outlook,&nbsp;maintained: Hasbro&nbsp;continues to expect&nbsp;FY24 Consumer Products Segment revenue to be down 7% to 12%.
The company sees FY24 adjusted EBITDA of $925 million &#8211; $1 billion. Hasbro targets gross savings of $750 million by 2025 end.
Price Action: HAS shares are trading higher by 7.98% at $62.78 in premarket at the last check Wednesday.
Photo via Wikimedia Commons

Earnings

Equities

Why Toy Maker Hasbro's Shares Are Shooting Higher Today

General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) reported better-than-expected earnings for its fiscal first quarter on Tuesday.
The company posted quarterly sales growth of 7.6% year-on-year to $43.01 billion, beating the analyst consensus estimate of $41.88 billion. Adjusted EPS of $2.62 beat the consensus estimate of $2.14, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
GM&#8217;s market share reached 8.1% for the quarter, compared to 8.7% a year ago. In the U.S., the share changed to 15.4%, down from 16.4%. Its share in China reached 7.9%, down from 9.1% a year earlier.
Adjusted EBIT for the quarter improved by 1.8% to $3.87 billion, with an adjusted EBIT margin of 9.0%, down by 50 bps. Net income margin was 6.9% versus 6.0% a year ago.
General Motors projects adjusted EPS of $9.00 – $10.00 (prior $8.50 – $9.50) versus consensus of $9.08. The company projects adjusted automotive free cash flow of $8.5 billion—$10.5 billion (prior $8.0 billion—$10.0 billion) and reiterated capital spending of $10.5 billion—$11.5 billion.
General Motors shares gained 4.4% to close at $45.10 on Tuesday.
These analysts made changes to their price targets on General Motors following earnings announcement.
<ul>
<li>Mizuho raised the price target on General Motors from $48 to $52. Mizuho analyst Vijay Rakesh maintained a Buy rating.</li>
<li>Wedbush boosted the price target on General Motors from $45 to $55. Wedbush analyst Daniel Ives maintained an Outperform rating.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38396543/meta-likely-to-report-higher-q1-earnings-here-are-the-recent-forecast-changes-from-wall-streets-mos">Meta Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>

Markets

General Motors Analysts Raise Their Forecasts After Better-Than-Expected Earnings

WIIM

MANH

Manhattan Associates shares are trading lower. The company reported Q1 financial results.

DA Davidson analyst Linda Bolton Weiser maintains Mattel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) with a Buy and raises the price target from $26 to $27.

DA Davidson Maintains Buy on Mattel, Raises Price Target to $27

Teledyne Technologies shares are trading lower after the company reported worse-than-expected Q1 financial results, issued Q2 adjusted EPS guidance below estimates and cut FY24 adjusted EPS guidance below estimates.

Wedbush analyst Seth Basham maintains Etsy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>) with a Neutral and lowers the price target from $80 to $70.

ETSY

Wedbush Maintains Neutral on Etsy, Lowers Price Target to $70

Blue Foundry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLFY#NASDAQ">BLFY</a>) reported quarterly losses of $(0.13) per share which beat the analyst consensus estimate of $(0.21) by 38.1 percent. The company reported quarterly sales of $9.868 million which beat the analyst consensus estimate of $9.168 million by 7.63 percent. This is a 20.58 percent decrease over sales of $12.425 million the same period last year.

Earnings Beats

BLFY

Blue Foundry Q1 2024 GAAP EPS $(0.13) Beats $(0.21) Estimate, Sales $9.868M Beat $9.168M Estimate

Wedbush analyst Daniel Ives maintains Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with a Outperform and lowers the price target from $300 to $275.

TSLA

Wedbush Maintains Outperform on Tesla, Lowers Price Target to $275

AUBN

Auburn National Bancorporation Q1 2024 EPS $0.39 Down From $0.56 YoY; Revenue $7.544M Down From $7.901M YoY

Amphenol shares are trading higher after the company reported better-than-expected Q1 financial results, issued guidance and announced a new stock repurchase program.

Anritsu