Notable Stocks in Queue: Darling Ingredients Inc (NYSE:DAR), News Corp (NASDAQ:NWSA)

On Friday, Shares of Darling Ingredients Inc (NYSE:DAR), subtract -0.59% and closed at $13.51 in the last trading session. The last trading range of the stock ranges between $12.80 and $14.00. Darling Ingredients Inc. (DAR), a global leader in converting edible and inedible bio-nutrient streams into a wide range of ingredients and specialty products for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries, recently declared financial results for the third quarter ending October 1, 2016.

For the third quarter of 2016, the Company stated net sales of $853.9 million, as contrast with net sales of $853.8 million for the third quarter of 2015.  Net income attributable to Darling for the three months ended October 1, 2016 was $28.7 million, or $0.17 per diluted share, contrast to a net loss of ($9.1) million, or ($0.06) per diluted share, for the third quarter of 2015.  The increase in net income is mainly attributable to higher earnings from DGD because of the inclusion of the blenders’ tax credit which was not available as of the end of the third quarter of 2015, higher Renewable Identification Number (“RIN”) values, and an income tax benefit. Adjusted EBITDA for Darling for the three months ended October 1, 2016 was $106.2 million contrast to Adjusted EBITDA of $106.1 million for the three months ended October 3, 2015.

News Corp (NASDAQ:NWSA), jumped 1.42% and closed at $12.12 in the last trading session. The last trading range of the stock ranges between $11.81 and $12.18. The company’s Market capitalization is $7.19 Billion with the total Outstanding Shares of 381.71 million. News Corporation (“News Corp” or the “Company”) (NWS) (NWSA) (NWS.AX) (NWSLV.AX) recently stated financial results for the three months ended September 30, 2016.

Commenting on the results, Chief Executive Robert Thomson said:

“News Corp made real progress as it continued to drive higher digital revenues and position the Company for long-term growth. While the quarter presented some obvious challenges, particularly in print advertising and the weakness of the Pound Sterling, our revenues were relatively stable, underscoring the strength and scale of our portfolio and shift to digital.

Our Digital Real Estate Services segment posted another strong quarter with an 18% year-over-year revenue increase and is on a clear path to reshape the character of News Corp. At Realtor.com®, we generated solid revenue growth even as we retooled our product offerings. We expect that momentum to accelerate this year and to contribute meaningfully to EBITDA.

Leave a Reply

Your email address will not be published. Required fields are marked *