Sensient Technologies Corp
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Materials : Chemicals | Small Cap Blend
Company profile

Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals. The Company's three segments include the Flavors & Fragrances Group and the Color Group, which are managed on a product-and-services basis, and the Asia Pacific Group, which is managed on a geographic basis. The Company's principal products include flavors, flavor enhancers and bionutrients; fragrances, aroma chemicals and essential oils; natural ingredients, including dehydrated vegetables and other food ingredients; natural and synthetic food and beverage colors; cosmetic colors and ingredients and pharmaceutical excipients and ingredients, and technical colors, specialty inks and colors, and specialty dyes and pigments.

Postmarket

Last Trade
Delayed
$0.00
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$71.72
Day's Change
-0.88 (-1.21%)
Bid
--
Ask
--
B/A Size
--
Day's High
72.81
Day's Low
71.57
Volume
(Average)
Volume:
303,836

10-day average volume:
289,832
303,836

Activision Blizzard results, outlook top Wall Street estimates

4:28 pm ET August 4, 2020 (MarketWatch)
Print

By Wallace Witkowski, MarketWatch

Adjusted EPS at 81 cents while Street expected 69 cents

Activision Blizzard Inc. shares rose in the extended session Tuesday after the videogame publisher topped Wall Street estimates for the quarter.

Activision Blizzard (ATVI) shares rose 1.6% after hours, following a 2% rise in the regular session to close at $86.45. Shares are up 45% for the year, while the S&P 500 index is up 2.3%.

The company reported second-quarter net income of $580 million, or 75 cents a share, compared with $328 million, or 43 cents a share, in the year-ago period.

Adjusted for items such as stock-based compensation, earnings were 81 cents a share, compared with 53 cents a share a year ago.

Revenue rose to $1.93 billion from $1.4 billion in the year-ago quarter.

Activision Blizzard (ATVI)reported that net bookings rose to $2.08 billion from $1.21 billion a year ago. Bookings are a common non-GAAP financial measure used by videogame companies to capture revenue from digital and physical sales.

Analysts surveyed by FactSet had forecast earnings of 69 cents a share on revenue of $1.7 billion and bookings of $1.69 billion.

"While economic uncertainty could have an impact on our near-term results, the initiatives that drove our growth for the first half of the year should also provide the foundation for long-term growth," said Bobby Kotick, Activision Blizzard chief executive, in a statement.

For the third quarter, Activision Blizzard expects adjusted earnings of 75 cents on revenue of $1.8 billion, while analysts had forecast earnings of 41 cents a share on revenue of $1.4 billion.

The company is the third major videogame publisher to report earnings this season, following reports by Take-Two Interactive Software Inc (http://www.marketwatch.com/story/take-two-interactive-software-revenue-soars-54-2020-08-03).(TTWO) and Electronic Arts Inc (http://www.marketwatch.com/story/ea-beats-wall-street-on-strength-of-gaming-during-covid-19-2020-07-30).(EA)

-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 04, 2020 16:28 ET (20:28 GMT)

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