4 Killed In Russian Attacks As Fierce Battles Rage In South And East Ukraine

Alliance Resource Partners LP Reveals Advance In Q4 Income, Beats estimates

Alliance Resource Partners LP (ARLP) released earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company’s bottom line totaled $214.45 million, or $1.63 per share. This compares with $51.83 million, or $0.40 per share, in last year’s fourth quarter.

Analysts on average had expected the company to earn $1.42 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 48.0% to $700.73 million from $473.47 million last year.

Alliance Resource Partners LP earnings at a glance (GAAP) :

-Earnings (Q4): $214.45 Mln. vs. $51.83 Mln. last year.
-EPS (Q4): $1.63 vs. $0.40 last year.
-Analyst Estimate: $1.42
-Revenue (Q4): $700.73 Mln vs. $473.47 Mln last year.

Moderna Announces FDA's Breakthrough Designation For MRNA-1345; Plans License Application In H1

Moderna, Inc. (MRNA) announced mRNA-1345 has been granted Breakthrough Therapy Designation by the FDA for the prevention of RSV-associated lower respiratory tract disease in adults aged 60 years or older. The designation was based on positive topline data from the ConquerRSV Phase 3 pivotal efficacy trial.

mRNA-1345 is an investigational RSV vaccine, which uses the same lipid nanoparticles as in the Moderna COVID-19 vaccines. It was granted Fast Track designation by the FDA in August 2021. The company plans to submit a license application for regulatory approval in the first half of 2023.

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Flora Growth Anticipates 2023 Revenue Growth To Exceed 100%; To Meet 2022 Guidance

Flora Growth Corp. (FLGC) announced revenue guidance of $90 million to $105 million for fiscal 2023. The company noted that the revenue guidance reflects expected organic growth in the House of Brands division and expansion of the Commercial & Wholesale division capabilities. The company expects the House of Brands and Commercial & Wholesale divisions will have roughly equal contributions to the top line, while the Pharmaceutical division is expected to contribute up to 10% of total revenue.

Luis Merchan, CEO of Flora, said: “We will meet our guidance for 2022. Our 2023 forecasted revenue range represents anticipated growth in excess of 100% over last year.”

Shares of Flora Growth are up 37% in pre-market trade on Monday.

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SoFi Posts Narrower-than-expected Loss In Q4; Sees Revenue Growth In Q1, FY23; Profit In Q4

SoFi Technologies, Inc. (SOFI), a digital personal finance company, reported Monday that its fourth-quarter net loss narrowed to $40.01 million from last year’s $111.01 million. Loss per share was $0.05, compared to last year’s loss of $0.15.

On average, 10 analysts polled by Thomson Reuters expected loss of $0.09 per share for the quarter. Analysts’ estimates typically exclude special items.

Net revenue climbed 60 percent to $456.68 million from last year’s $285.61 million. Adjusted net revenue was up 58 percent to $443.42 million from prior year’s $279.88 million.

Analysts expected revenues of $425.88 million for the quarter.

Adjusted EBITDA was $70.06 million, significantly higher than last year’s $4.59 million.

New product additions were over 695,000 in the fourth quarter, bringing total products to nearly 7.9 million at year end, up 53 percent from the prior year end.

Looking ahead for the first quarter, the company expects to generate $430 to $440 million of adjusted net revenue, up 34 percent to 37 percent year-over-year, and $40 to $45 million of adjusted EBITDA.

SoFi projects to reach quarterly net income profitability by fourth quarter 2023.

For the full year 2023, the company expects adjusted net revenue of $1.925 to $2.0 billion, up 25 percent to 30 percent, and adjusted EBITDA of $260 to $280 million.

In pre-market activity on Nasdaq, SoFi shares were gaining around 6.4 percent to trade at $6.32.

Franklin Resources Inc. Q1 Profit Decreases, misses estimates

Franklin Resources Inc. (BEN) revealed earnings for first quarter that decreased from last year and missed the Street estimates.

The company’s earnings came in at $165.6 million, or $0.32 per share. This compares with $453.2 million, or $0.88 per share, in last year’s first quarter.

Excluding items, Franklin Resources Inc. reported adjusted earnings of $262.4 million or $0.51 per share for the period.

Analysts on average had expected the company to earn $0.54 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 11.3% to $1.97 billion from $2.22 billion last year.

Franklin Resources Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $165.6 Mln. vs. $453.2 Mln. last year.
-EPS (Q1): $0.32 vs. $0.88 last year.
-Analyst Estimates: $0.54
-Revenue (Q1): $1.97 Bln vs. $2.22 Bln last year.

4 Killed In Russian Attacks As Fierce Battles Rage In South And East Ukraine

At least four people were killed in Russian attacks as fierce battles are raging in the south and east of Ukraine.

Eastern towns constantly come under Russian bombardment since Sunday.

An elderly woman was killed in missile strikes in a residential building in the northeastern city of Kharkiv.

Three people were killed in shelling in the southern city of Kherson.

Ukrainian commander Volodymyr Nazarenko said that troops are battling Russian paratroopers near the eastern city of Bakhmut.

“Because for five or six months, near Bakhmut has been a living hell. The enemy is constantly attacking. And we can observe more about how the weather is changing, which, by the way, has a great impact on the combat capability, morale, and living conditions of each soldier,” said Nazarenko, deputy commander of the “Svoboda” battalion of the 4th Rapid Reaction Brigade of Ukraine’s National Guard, in an interview on Ukrainian television Monday.

Meanwhile, German Chancellor Olaf Scholz has ruled out supplying fighter jets to Ukraine. “The question of combat aircraft does not come up at all,” the German leader said in an interview with Tagesspiegel.

The United States and Germany last week pledged to deliver fighter tanks to Ukraine.