Radius Recycling, Inc. - Class A Common Stock (RDUS)
12.01
-0.29 (-2.36%)
Radius Recycling Inc is a company focused on sustainable practices in the recycling industry
It specializes in the collection, processing, and repurposing of various recyclable materials, contributing to reducing waste and promoting environmental conservation. The company employs advanced technologies to enhance the efficiency of its recycling methods, aiming to transform discarded materials into valuable resources. Through its operations, Radius Recycling Inc not only supports local communities by promoting green initiatives but also plays a crucial role in the circular economy by ensuring that materials are reused and kept out of landfills.
Radius Recycling reported lower first-quarter revenue of $656.54 million, missing consensus of $665.6 million. Nonferrous prices rose, offsetting weaker domestic steel conditions. Adjusted loss per share was $(1.33), missing consensus. The company declared a dividend of $0.1875 per share.
U.S. equities were little moved on Tuesday as investors continued to assess the potential for interest rate cuts following the latest economic data and comments from Fed Chair Jerome Powell.
Market sentiment improved as Nasdaq gains record level. S&P 500 and Dow Jones also rose, while some sectors closed negatively. Fear & Greed Index at 48.1.
Regulatory Approvals For U.S. Steel Deal; BHP-Anglo American Deal Falls Through; U.S. GoldMining Sustainability Highlights And More: Thursday's Top Mining Stories
Top Stories for March 15, 2024: 1. Cleveland-Cliffs CEO considering lower bid for U.S. Steel backed by union, while Tredegar Corporation reports financial losses in fourth quarter. 2. Radius Recycling shares preliminary results for fiscal second quarter of 2024.
Shares of Mobileye Global Inc. (NASDAQMBLY) fell sharply during Thursday’s session after the company issued preliminary FY23 financial results and initial 2024 guidance.<
Schnitzer Steel Industries, Inc. (NASDAQRDUS) reported first-quarter FY24 revenue growth of 12.4% year-over-year to $672.89 million, beating the consensus of $643.35 mi
Companies Reporting Before The Bell • Lamb Weston Hldgs (NYSELW) is likely to report quarterly earnings at $1.41 per share on revenue of $1.70 billion.
The U.S. Food and Drug Administration (FDA) has accepted the Menarini Group and Radius Health’s (NASDAQRDUS) New Drug Application (NDA) for the lead asset elacestrant in patients with ER+/HER2- advanced or metastatic breast cancer.
