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Tupperware Brands Corp. reported a fourth-quarter net loss of $326.5 million, or $6.41 per share, compared with income of $79.0 million, or $1.55 per share for the same period last year. Earnings include a $7.36 non-cash income tax charge related to recent tax reforms. Adjusted EPS was $1.59, exceeding the $1.50 FactSet consensus. Revenue totaled $588.6 million, down from $600.9 million last year and below the $602.0 million FactSet consensus. Sales fell in North American (down 7%), Europe (down 3%) and Asia (down 2%), but rose 6% in South America. Tupperware expects first-quarter sales to up 1% to 3%, EPS from 77 cents to 82 cents and adjusted EPS from $1.01 to $1.06. The FactSet consensus is for EPS of $1.11. Full-year sales are forecast to grow 2% to 4%, EPS is expected to be $4.50 to $4.65, and adjusted EPS is expected to be $5.09 to $5.24. The FactSet EPS consensus is $5.18. Tupperware shares are unchanged in premarket trading, and up 5.7% for the past year. The S&P 500 index is up nearly 24% for the last 12 months.

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From:: Stock Market News

A gauge of the dollar’s strength edged slightly higher as President Donald Trump delivered his first official State of the Union address late Tuesday. The ICE U.S. Dollar Index , which measures the buck against a basket of a half-dozen rivals, has been mostly under pressure, but has been ticking slightly higher as Trump touts the strength of the U.S. economy and outlines further fiscal measures, including a $1.5 billion infrastructure spending proposal, to help boost the economy and the equity market. The dollar gauge was up about 0.1% at 89.21, but has been mostly lower in January, down 3.1%, as some investors have interpreted comments from Treasury Secretary Steven Mnuchin as suggesting that he favored a weaker dollar.

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From:: Stock Market News

Brenda Fitzgerald, President Donald Trump’s director of the Centers for Disease Control and Prevention, bought and sold shares in a tobacco company after taking office last year, Politico reported Tuesday, posing a potentially serious conflict of interest. Preventing smoking is a major focus of the CDC. A spokeswoman for the Department of Health and Human Services confirmed the “potentially conflicting” stock purchase to Politico, and said they were made by her financial adviser, and she later sold them. Citing disclosure forms, Politico reported Fitzgerald bought between $1,000 and $15,000 worth of stock in Japan Tobacco Inc. , which owns U.S. brands such as Winston, Camel and Benson & Hedges. She also bought between $1,000 and $15,000 worth of shares in health-care companies Merck & Co. , Bayer and health insurer Humana . Fitzgerald, who took office in July, made the purchases in August and September and sold all her stock holdings by the end of November, Politico reported. Critics called the stock moves “at best, sloppy,” at worst “legally problematic,” Politico said.

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From:: Stock Market News

Shares of Xerox Corp. surged in after-hours trading Tuesday after a Wall Street Journal report that Japan’s Fujifilm Holdings Corp. was nearing a deal to buy a little more than half of the company. The Journal said a deal could be announced as soon as Wednesday. Xerox shares jumped as much as 8% in late trading, before settling back to a gain of about 4.4%. Xerox has a market cap of about $8.32 billion. Earlier this month, the Journal reported that activist Xerox investors Carl Icahn and Darwin Deason were urging the company to pursue a sale. Xerox shares closed Tuesday down slightly at $32.68, but are up 12% year to date, compared to the S&P 500’s 5.5% rise.

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From:: Stock Market News

Shares of Xerox Corp. surged more than 8% in after-hours trading Tuesday after a Wall Street Journal report that Japan’s Fujifilm Holdings Corp. was nearing a deal to buy a little more than half of the company. The Journal said a deal could be announced as soon as Wednesday. Xerox has a market cap of about $8.32 billion. Earlier this month, the Journal reported that activist Xerox investors Carl Icahn and Darwin Deason were urging the company to pursue a sale. Xerox shares closed Tuesday down slightly at $32.68, but are up 12% year to date, compared to the S&P 500’s 5.5% rise.

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From:: Stock Market News

Exxon Mobil Corp. on Tuesday said it plans to triple its Permian Basin daily production to more than 600,000 oil-equivalent barrels by 2025, and that “tight” oil production from the Delaware and Midland, two of the largest lobes that comprise the Permian, will increase five-fold in the same period. Exxon also plans on investing $2 billion on transportation infrastructure to support the Permian operations, saying in a statement that changes brought by the U.S. tax overhaul “create an environment for increased future capital investments.” The news comes a day after Chief Executive Darren Woods announced a $50 billion investment over the next five years in Exxon’s domestic production, and ahead of company earnings before the bell Friday. Exxon in January 2017 beefed up its presence in the Permian with a $6 billion deal with the Bass family. Exxon shares fell 0.2% in late trading after ending the regular session down 1.4%.

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From:: Stock Market News

Juniper Networks Inc. shares plunged in the extended session Tuesday after the networking company’s forecast missed analyst expectations. Juniper shares dropped 5.9% to $26.64 after hours. The company reported fourth-quarter net losses of $148.1 million, or losses of 40 cents a share, compared with net income of $188.9 million, or 49 cents a share, in the year-ago period. Adjusted earnings were 53 cents a share. Revenue fell to $1.24 billion from $1.39 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 52 cents a share on revenue of $1.24 billion. Analysts model first quarter earnings of 30 cents a share on sales of $1.16 billion. Juniper said it expects adjusted earnings of 22 cents to 28 cents a share on sales of $1.02 billion to $1.08 billion. The company also increased its cash dividend 80% to 18 cents a share that will be paid on March 22, to shareholders of record at the close of business March 1. Juniper stock has gained 7% in the past year with the S&P 500 index rising 25%.

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From:: Stock Market News

The American Petroleum Institute reported Tuesday that U.S. crude supplies rose by 3.23 million barrels for the week ended Jan. 26, according to sources. Gasoline stockpiles also rose 2.69 million barrels, while inventories of distillates dropped by 4.1 million barrels, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. March crude traded at $64.09 a barrel in electronic trading versus the settlement price of $64.50 on the New York Mercantile Exchange.

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From:: Stock Market News

Wingstop Inc. said late Tuesday its board of directors has approved a special cash dividend of $3.17 a share in conjunction with the company closing on a new $250 million senior secured credit facility. The special cash dividend represents about 7% of Wingstop’s market capitalization, the company said in a statement. The special cash dividend will be paid on Feb. 14 to stockholders of record as of Feb. 9. Wingstop shares rose 0.4% in the late session, matching the share increase at the close of the regular trading day.

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From:: Stock Market News