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Why Real Good Food Shares Are Gaining Today
Real Good Food Company Inc (NASDAQ:RGF) reported first-quarter FY22 sales growth of 124% year-on-year to $37.58 million, beating the consensus of $32.47 million.…
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Duolingo Inc (NASDAQ:DUOL) reported first-quarter FY22 sales growth of 47% year-on-year to $81.22 million, beating the consensus of $77.44 million. Total bookings increased…
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Volta Inc (NYSE:VLTA) reported first-quarter FY22 sales growth of 77% year-on-year to $8.39 million, beating the consensus of $8.28 million. Media revenue increased…
Why Wendy's Shares Are Plunging Today
Wendy's Co (NASDAQ:WEN) reported first-quarter FY22 sales growth of 6.2% year-on-year to $488.6 million, missing the consensus of $497.1 million. Adjusted revenues increased…
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Why Embecta Shares Are Falling Today

By Vandana Singh
  • Becton Dickinson and Co's (NYSE:BDX) pure-play diabetes spin-off Embecta Corp (NASDAQ:EMBC) has reported Q2 sales of $274.5 million, down 3.4% on a reported basis, down 1.3% on a constant currency basis.
  • Of the decrease, $6.0 million was attributable to unfavorable effects from foreign currency translation. 
  • Volume unfavorably impacted revenues by approximately $3.7 million, primarily driven by customers in the U.S. and Europe.
  • Gross profit and margin were $191.2 million and 69.7%, compared to $196.3 million and 69.1% a year ago.
  • Net income was $79.6 million, compared to $107.9 million in Q1 FY21.
  • Adjusted EBITDA and margin were $116.8 million and 42.6%, compared to $141.6 million and 49.8% a year ago.
  • Guidance: Embecta expects 2H FY22 sales of approximately $555 million, down about 7% Y/Y. 
  • Excluding foreign currency exchange rate fluctuations, revenue is expected to decrease by approximately 3.5%.
  • The company expects contract manufacturing revenue of approximately $15 million.
  • Adjusted gross margin is expected to be in the "low-60%s, with an adjusted EBITDA margin in the "low-30%s".
  • Price Action: EMBC shares are down 7.34% at $26.76 during the premarket session on the last check Friday.
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Dive Deeper:
Why Real Good Food Shares Are Gaining Today
Real Good Food Company Inc (NASDAQ:RGF) reported first-quarter FY22 sales growth of 124% year-on-year to $37.58 million, beating the consensus of $32.47 million.…
Why IronSource Shares Are Falling Today
IronSource Ltd (NYSE:IS) reported first-quarter FY22 revenue growth of 58% year-on-year to $189.7 million, beating the consensus of $183.6 million. The non-GAAP gross…
Why FIGS Shares Are Trading Lower Today
FIGS Inc (NYSE:FIGS) reported first-quarter FY22 sales growth of 26.4% year-on-year, to $110.10 million, missing the consensus of $116.92 million. Active customers grew…
Why Duolingo Shares Are Surging Today
Duolingo Inc (NASDAQ:DUOL) reported first-quarter FY22 sales growth of 47% year-on-year to $81.22 million, beating the consensus of $77.44 million. Total bookings increased…
One subscription that gives you access to news from hundreds of sites
Why Volta Shares Are Trading Higher Today
Volta Inc (NYSE:VLTA) reported first-quarter FY22 sales growth of 77% year-on-year to $8.39 million, beating the consensus of $8.28 million. Media revenue increased…
Why Wendy's Shares Are Plunging Today
Wendy's Co (NASDAQ:WEN) reported first-quarter FY22 sales growth of 6.2% year-on-year to $488.6 million, missing the consensus of $497.1 million. Adjusted revenues increased…
Get all your news in one place