Epoch Everlasting Recalls Kidoozie Play Tents And Playhouses
MP Gains On Stellar Q2 Results
Shares of MP Materials Corp. (MP) are rising over 3% Friday morning, after the company reported solid Q2 results.
The stock, which has been trading between $27.48 – $60.19 for the past one year, is currently trading at $36.25, up $1.19 or 3.39%, with trading volume of over 579K versus an average volume of 2.87 million shares.
The company’s Q2 net income surged to $73.3 million or $0.38 per share from $27.2 million or $0.15 per share last year. Adjusted net income amounted to $81.9 million or $0.43 per share, a jump from the previous year’s income of $33.4 million or $0.18 per share. Revenue for the quarter soared 96% to $143.6 million from $73.1 million generated a year ago.
Analysts polled by Thomson Reuters expected earnings of $0.33 per share on revenue of $128.75 million for the quarter. Analysts’ estimate typically exclude certain special items.
U.S. Reports 147K New Covid Cases, 397 Deaths
With 147,362 new positive cases reported on Thursday, the total number of people that have been infected with the coronavirus in the United States has risen to 91,124,591, as per Johns Hopkins University’s latest data.
397 additional deaths on the same day took total U.S. Covid casualties to 1,029,285.
Ohio reported the most number of new cases – 29,876 – and deaths – 54.
Covid deaths have increased by 4 percent, while cases increased by 2 percent in the last two weeks, New York Times’ latest tally shows.
More than 43,000 people are currently in American hospitals with the coronavirus, an increase of 11 percent over the last two weeks. More than 5,000 of these patients are admitted in intensive care units, marking a 13 percent rise in a fortnight.
87,908,049 people have so far recovered from the disease, the Worldometer tally shows.
As per the latest data published by the Centers for Disease Control and Prevention, 223,245,563 Americans, or 67.2 percent of the eligible population, have been administered both doses of Covid vaccine so far. This includes 91.9 percent of people above 65.
48.3 percent of the eligible population, or 107,924,198 people, have already received a booster dose that is recommended to provide additional protection from the killer virus.
2,488 additional deaths were reported globally on Thursday, taking the total number of people who lost their lives due to the pandemic so far to 6,395,829.
DKNG Shares Surge 13% On Updated FY22 Outlook
Shares of DraftKings Inc. (DKNG) are soaring over 13% Friday morning, after the gaming company updated its fiscal 2022 revenue forecast, while reporting better-than-expected Q2 results.
The stock, which has been trading between $9.77 and $64.58 for the past one year, is currently trading at $18.53, up $2.17 or 13.24%, with trading volume of over 13.8 million versus an average volume of 21.3 million shares.
DraftKings raised its fiscal year 2022 revenue guidance to a range of $2.08 billion – $2.18 billion from the previously communicated range of $2.055 billion – $2.175 billion. This updated 2022 revenue guidance range equates to year-over-year growth of 60% – 68%.
Also, the company improved its fiscal year 2022 Adjusted EBITDA guidance to a loss of between $765 million and $835 million from its Prior FY 2022 guidance of a loss of between $810 million and $910 million.
The company incurred a net loss of $217.1 million, narrower than the prior year’s loss of $305.5 million. On a per share basis, GAAP loss was $0.50 per share, and adjusted loss was $0.29 per share for the three months ended June 30, 2022. Revenue for the quarter was $466 million, an increase of 57% compared to $298 million during the same period in 2021, largely reflecting strong customer engagement and retention.
Analysts polled by Thomson Reuters expected a loss of $0.83 per share on revenue of $436.19 million for the quarter. Analysts’ estimate typically exclude certain special items.
US Reports 166K New Covid Cases, 625 Deaths
With 166986 new positive cases reporting, the total number of people infected with coronavirus in the United States has risen to 91,965,511, as per Johns Hopkins University’s latest data.
625 additional deaths on the same day took the total U.S. Covid casualties to 1,032,856.
Ohio reported the most number of cases – 27,785 – and deaths – 98.
Covid deaths have increased by 12 percent while cases decreased by 8 percent in the last two weeks, New York Times’ latest tally shows.
More than 43000 people are currently in American hospitals with the coronavirus, an increase of 3 percent over the last two weeks. More than 5000 of these patients are admitted in intensive care units, marking 6 percent rise in a fortnight.
88,700,969 people have so far recovered from the disease, the Worldometer tally shows.
3025 additional deaths were reported globally on Thursday, taking the total number of people who lost their lives due to the pandemic so far to 6,413,578.
Epoch Everlasting Recalls Kidoozie Play Tents And Playhouses
Epoch Everlasting Play has recalled nearly 251,600 Kidoozie Play Tents and Playhouses due to risk of flammability and burn.
According to Consumer Product Safety Commission, the fabric playhouses and play tents fail to meet an industry flammability standard for these products, posing a risk of burn injuries to children.
The recall involves Kidoozie Ice Castle Tent, King Size Medieval Castle, My Clubhouse, Pirate Den Playhouse, Pop Up Theater Tent, Pop Up Theater Tent (Red), Princess Hideaway Playhouse and Royal Castle Playhouse tents and playhouses.
The tents and playhouses are made of nylon and mesh and sold with a nylon storage bag.
The recalled product was sold at Target, Marshalls, Barnes & Noble, Toys R Us and other independent toy stores and online as well from March 2014 through March 2022 for between $30 and $35.
The company has asked customers to immediately take the recalled playhouses and play tents away from children, stop using them and contact Epoch Everlasting Play for a full refund or free replacement product.