Service Stocks

Tesla TSLA Stock News

Tesla Inc (NASDAQ: TSLA) is having a relatively strong start to the trading session, and for good reason. Elon Musk surprised investors with the unveiling of a new car, and that care is a big game changer. Today, we’ll talk about the new product offering, how the stock is reacting to the news, and what we’ll be watching for with regard to TSLA ahead.





TSLA Unveils Its New Roadster

As mentioned above, late yesterday after hours, Tesla surprised investors when Elon Musk unveiled a new roadster. The new vehicle wasn’t only a surprise, it’s a first in its class offering. The new vehicle, known as the Roadster is a record-breaking car as soon as it comes off of the line.

In fact, the TSLA Roadster will be the fastest production vehicle on the road. The car is capable of going from 0 to 60 in just 1.9 seconds; breaking the 2 second barrier for the first time ever in a production vehicle.




However, if you want a Roadster from TSLA, you’re going to have to pay for it. The car comes with a base price of $200,000. At the moment, you can reserve one of these vehicles for $50,000. If you want to go up a notch, Tesla is also launching the Founders Series Roadsters. These vehicles will be limited to the first 1,000 reservations and comes with a price of $250,000.

The game changing part of this is that this isn’t only going to be the fastest production vehicle on the road. As with all TSLA vehicles, the Roadster is an electric car. The fact that the car can go from 0 to 60 in 1.9 seconds and doesn’t burn gasoline to do so is absolutely astounding and what Elon Musk calls a smackdown to gasoline powered vehicles.

How The Stock Is Reacting To The News

As investors, we’ve come to expect that when positive news is released surrounding a publicly traded company, we can expect to see gains in the value of the stock that represents the company. That’s exactly what we’re seeing out of Tesla today. With the new product offering on the minds of investors, the stock is making a run for the top. At the moment (9:06), TSLA is trading at $325.87 per share after a gain of $13.37 per share or 4.28% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on TSLA. In particular, we’re interested in following the story surrounding the Roadster and excited to see how many of the new vehicles are sold. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Meridian Waste Solutions MRDN Stock News

Meridian Waste Solutions Inc. (NASDAQ: MRDN) is having an overwhelmingly strong day in the market today, and for good reason. The company announced earnings as well as lobbying efforts, both of which are exciting investors. Today, we’ll talk about the news, how the stock is reacting, and what we’ll be watching for with regard to MRDN ahead.





MRDN Announces Earnings

As mentioned above, Meridian Waste Solutions is having an incredibly strong day in the market today. A Big part of the gains has to do with the financial results that were announced yesterday. Here’s what we saw from the report:




  • Revenue – During the quarter, MRDN saw impressive growth in revenue. In fact, quarterly revenue came in at $14.8 million. That’s an increase of 77% compared to the third quarter of 2016. The company said that the growth was primarily due to the acquisition of the CFS Group. Nonetheless, organic revenue growth was also an impressive 9.0%.
  • Operating Expensive – MRDN also reported an impressive decline in operating expenses as a percentage of revenue. In fact, in the third quarter, operating expenses came in at 70% of revenue. That’s a big drop from the 80% figure we saw in the second quarter.
  • EBITDA – Finally, Meridian Waste Solutions said that Adjusted EBITDA came in at $3.4 million for the core waste management and services segment, in relation to interest expense of $2.7 million.

In a statement, Jeff Cosman, Chairman and CEO at MRDN, had the following to offer:

We continue to integrate and improve efficiencies in our Mid-Atlantic segment, particularly our Virginia assets, and uncover ways to improve margins. Thanks to being able to access the capital markets for an additional $5 million over the past few months, we have been able to deploy new equipment in Virginia to be able to improve our operating efficiencies and margins. It is these developments and processes that increase our value for the longer-term. We continue to look for growth opportunities in all areas of our waste operations; the core platform of waste management and services and the emerging growth innovations and technology… We are very enthused about what we have assembled with Innovations and look forward to sharing our progress with the markets in the near future.”

Lobbying Efforts

After announcing earnings yesterday, MRDN also released a press release this morning. In the press release, the company announced that it’s wholly owned subsidiary, Meridian Innovations, has made some efforts on the lobbying front. According to the PR, the company attended the quarterly Biomass Research and Development meeting in Washington, D.C., providing a formal public comment to the Technical Advisory Committee. The comment was aimed at urging the committee to continue its support of government-funded opportunities for biomass feedstock and bio-based product research and development. In a statement, Jeff Cosman, CEO at MRDN, had the following to offer:

Attis Innovations believes heavily in the role of government agencies to provide guidance and funding opportunities for the development of biobased products… We believe the combination of Attis Innovations revolutionary technology portfolio and the support of government advisory entities like the Biomass Research and Development Board will propel the US towards the reduction of fossil fuels and create countless green collar jobs that will support the US bioeconomy.”

What We’re Seeing From MRDN

As we’ve come to expect any time we see strong earnings out of a publicly traded company, Meridian Waste Solutions is having an incredible day in the market today. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:37), MRDN is trading at $2.30 per share after a gain of $0.88 per share or 62.30% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on MRDN. In particular, we’re interested in following the story surrounding the company’s ongoing work in biomass innovation while revenue from the company’s core services business continues to grow. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Youngevity International YGYID Stock News

Youngevity International Inc (NASDAQ: YGYI) is having a relatively strong start to the trading session this morning after the company announced that its wholly owned subsidiary, CLR Roasters, has collaborated with the Marlins Foundation. Today, we’ll talk about the collaboration, what we’re seeing form the stock, and what we’ll be watching for with regard to YGYI ahead.





YGYI Announces Collaboration

As mentioned above, Youngevity International is having a relatively strong start to the trading session this morning after announcing a collaboration. CLR Roasters, a wholly owned subsidiary of the company, has entered into a collaboration with the Marlins Foundation to donate one thousand Thanksgiving meals to families in local Miami neighborhoods.




Under the collaboration CLR Roaster’s Cafe La Rica Espresso Brand as well as local community partners, including Feeding South Florida, Pepsi, Goya Foods, and Presidente Supermarkets will work with the Florida Marlins to provide the ninth annual Thanksgiving Distribution on Marlins Park on November 17. During the event, families will include a 10-pound turkey, fixings, Cafe La Rica Coffee and desert. The event is an exclusive event for pre-selected families as well as the media. In a statement, YGYI President and CEO, Dave Briskie, had the following to offer:

When Café La Rica was selected to become the “Official Cafecito” of the Florida Marlins part of the consideration given to us being chosen for this partnership was our involvement with our own Youngevity Be the Change Foundation’s charitable work. We are proud to stand alongside the Florida Marlin’s and their foundation to join in their commitment of being socially responsible within their own community.”

The above statement was followed up by Ernesto Aguila, President at CLR Roasters. Here’s what he had to say:

We all cherish spending time with loved ones and enjoying delicious food during this special holiday. That’s why we’re so thrilled to partner with The Marlins Foundation and the other incredible companies that have joined together to provide these local families with a true Thanksgiving feast.”

What We’re Seeing From The Stock

As mentioned above, Youngevity International is having a relatively strong day in the market today. At the moment (9:30), YGYI is trading at $4.64 per share after a gain of $0.03 per share or 0.65% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on YGYI. In particular, we’re interested in watching the continued growth of CLR Roasters as well as the rest of the company’s robust offering of brands. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Wal-Mart Stores Inc WMT Stock News

Wal-Mart Stores Inc (NYSE: WMT) is having an overwhelmingly strong start to the trading session this morning, and for good reason. The company announced its earnings for the third quarter, blowing away expectations and causing excitement among investors. Today, we’ll talk about what we saw from earnings, how the stock is reacting to the news, and what we’ll be watching for ahead.





What We Saw From WMT Earnings

As mentioned above, Wal-Mart Stores is having an incredibly strong start to the trading session in the pre-market hours this morning after the company released its financial results for the third quarter. Of course, the results were overwhelmingly positive. Here’s what we saw from the report:




  • Earnings Per Share – In terms of earnings per share, WMT did overwhelmingly well. During the quarter, analysts expected that the company would generate earnings in the amount of $0.97 per share. However, the company actually reported earnings in the amount of $1.00 per share, beating expectations.
  • Revenue – Revenue also proved to be a positive notch on the belt for the company. During the quarter, analysts expected that WMT would generate revenue in the amount of $121.04 billion. However, the company actually produced revenue in the amount of $123.18 billion, once again beating expectations.
  • Sales – In terms of eCommerce sales, Wal-Mart did great yet again. During the quarter, the company saw a 50% increase in eCommerce sales. On the same store sales side, more good news was released. While analysts expected that same store sales would increase by 1.9%, the company actually announced an increase in same store sales in the amount of 2.7%.
  • Guidance – Finally, based on the strong quarter, WMT increased its guidance for the fiscal 2018 year. During the year, the company expects to produce earnings in the range between $4.38 per share and $4.46 per share. That’s up from between $4.30 per share and $4.40 per share.

How The Stock Is Reacting To The News

As investors, we’ve come to expect that when earnings expectations are beat, we can expect to see gains in the stock. That’s exactly what we’re seeing this morning. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (8:16), WMT is trading at $93.86 per share after a gain of $4.03 per share or 4.49% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on WMT. In particular, we’ll continue to follow the growth in eCommerce and same-store sales. We’re also interested in seeing if Wal-Mart does indeed meet the high expectations for fiscal 2018 that it has set for itself. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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SORL Auto Parts, Inc. SORL Stock News

SORL Auto Parts, Inc. (NASDAQ: SORL) is having an overwhelmingly strong start to the trading session this morning, and for good reason. The company released its financial results for the third quarter, blowing away expectations and causing excitement among investors. Below, we’ll talk about what we saw from earnings, how the stock reacted to the news, and what we’ll be watching for with regard to SORL.





SORL Reports Solid Earnings

As mentioned above, SORL Auto Parts is having an incredibly strong start to the trading session this morning after reporting strong financial results for the third quarter as well as the nine months ending on September 30, 2017. Here are the highlights from the earnings report:




  • Net Sales – Net sales came in at $101.3 million in the third quarter. That’s an increase of 59% over the 63.7 million generated in Q3 2016.
  • Gross Margins – Gross margins for the third quarter came in at 26.9%.
  • Income – SORL also saw a massive increase in income from operations. In fact, the figure increased 215.7% year over year to $11.8 million.
  • Net Income – The company also said that net income attributable to shareholders came in at $8.6 million. That’s a 165% year over year increase from $3.2 million; bringing earnings per share to $0.44.
  • Guidance -Finally, 2017 guidance was increased. The company now expects net sales of approximately $370 million and net income of approximately $30.5 million.

In a statement, Mr. Xiaoping Zhang, Chairman and CEO at SORL, had the following to offer:

We are excited to report that our sales growth in all three segments accelerated during the quarter. We continue to capture market share in the Chinese commercial vehicle braking market with our new advanced products and attractive pricing. Our OEM sales soared 70.6% compared with a 28.0% increase in overall commercial vehicle sales and a 31.8% sales growth in trucks. Our aftermarket sales in China grew at an even faster rate of 76.0% in the third quarter.

Demand for our innovative products has increased as we provide technologically advanced solutions to meet the evolving needs of our customers. Our stringent cost controls and production efficiencies have enhanced our profitability during the third quarter of 2017.”

How The Stock Reacted To The News

As we’ve come to expect, SORL Auto Parts is having an incredibly strong start to the trading session this morning, climbing on the positive earnings news. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (8:55), SORL is trading at $8.55 per share after a gain of $2.56 per share or 42.74% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on SORL. In particular, we’re interested in following the ongoing sales growth and continued innovation. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Archer Daniels Midland Company ADM Stock News

Archer Daniels Midland Company (NYSE: ADM) is having an interesting start to the trading session this morning. After starting slightly in the green, the stock fell to the break even point before making a strong run for the top. While we dug for news from the company, they haven’t released anything just yet. However, we did find a rumor that we believe to be the cause of the gains. Today, we’ll talk about that rumor, how the stock is reacting to the news, and what we’ll be watching for with regard to ADM ahead.





ADM Gains On Takeover Rumors

As mentioned above, Archer Daniels Midland Company is having an interesting start to the trading session. Minutes ago, the stock started to spike for the top with no news released. Nonetheless, after a bit of digging, we started to see rumors all over message boards online. The rumors suggest that the company may be taken over relatively soon. However, they are overwhelmingly vague. The rumors don’t mention who might be interested in the takeover nor at what price.




Any time we see rumors like this, we feel it’s important to warn those who may get involved. The reality is that rumors are nothing new in the market. In fact, they happen all the time, making them one of the most common forms of market manipulation today. In general, market rumors are not based in fact. Instead, they are made up stories designed to cause movement in the market. As a result, if you’re going to make any moves based on the ADM rumor, please be sure to do so with caution!

How The Stock Is Reacting

In general, when takeover rumors break, they lead to excitement, causing gains in the stocks they surround. That’s exactly what we’re seeing from Archer Daniels Midland Company at the moment. Of course, our partners at Trade Ideas were the first to alert us to the movement. At the moment (9:55), ADM is trading at $40.46 per share after a gain of $0.72 per share or 1.81% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on ADM. In particular, we’re interested in learning if there is any validity to the rumors that are surfacing today. While we don’t believe that a takeover will actually happen, anything can happen in the market. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Dicks Sporting Goods Inc DKS Stock News

Dicks Sporting Goods Inc (NYSE: DKS) is having a relatively rough day in the pre-market hours this morning, and it’s proving to be a bit of a surprise for many. The company reported its earnings for the third quarter, beating expectations and setting the stage for a strong Q4 based on guidance. However, with margins feeling some pain and expectations for 2018 earnings to fall by around 20%, investors are reacting negatively. Today, we’ll talk about what we saw from earnings, what we’re seeing from the stock, and what we’ll be watching for with regard to DKS ahead.





DKS Announces Earnings

As mentioned above, Dicks Sporting Goods released its financial results for the third quarter this morning, beating expectations on all fronts. Here’s what we saw from the report:




  • Earnings Per Share – In terms of earnings per share, DKS did overwhelmingly well. During the third quarter, it was expected that the company would generate earnings in the amount of $0.26 per share. However, the company beat expectations, announcing earnings in the amount of $0.35 per share. After adjusting for pretax gains, earnings came in at $0.30 per share with both figures beating expectations.
  • Revenue – Revenue also proved to be a strong figure for DKS. During the quarter, it was expected that the company would generate revenue in the amount of $1.89 billion. However, the company actually reported revenue in the amount of $1.94 billion.
  • Guidance – Finally, guidance proved to be yet another bit of positive news for Dicks Sporting Goods. For the fourth quarter, it is expected that the company will generate between $1.12 per share and $1.24 per share in earnings. At the moment, analysts are only expecting for the company to generate earnings in the amount of $1.10 per share.

In a statement, Edward W. Stack, Chairman and CEO at DKS, had the following to offer:

In the third quarter, we delivered earnings per diluted share and comp sales at the high end of our expectations, with continued double-digit growth in eCommerce. As expected, margins were under pressure in this highly promotional environment, but our strategy for this environment enabled us to continue to capture market share… As we look to the fourth quarter, we are comfortable with our prior implied sales and earnings outlook, and believe we are well positioned to gain additional market share.

Looking ahead, we see tremendous opportunity in our industry as it continues to evolve. We plan to make significant investments in our business, which will have short-term negative impact on our earnings; however, we expect these investments will pay meaningful dividends in the future. We plan to increase investments in our eCommerce business, the technology in our stores and store payroll in order to enhance the customer experience. Meaningful investments will also be made to DICK’S Team Sports HQ, and in the development and support of our private brands. Given these investments, continued gross margin pressure and approximately flat comp sales, we expect earnings per diluted share to decline by as much as 20 percent in 2018.”

What We’re Seeing From The Stock

Normally, when earnings and revenue come in ahead of expectations, we can expect to see gains in the stock. However, in this particular case, while earnings and revenue were positive, there are some big concerns with regard to margins, comp sales, and earnings in the year ahead. As a result, investors are reacting negatively to the report. Currently (9:11), DKS is trading at $24.91 per share after a loss of $1.41 per share or 5.36% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on DKS. In particular, we’re interested in following the company’s efforts to tackle a larger percentage of the market share in the promotional environment while staking claim to a stronger eCommerce presence. While their efforts are going to cost them, and 2018 isn’t likely to be a great year, these moves could be a major positive for the long run. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Mattel, Inc. MAT Stock News

Mattel, Inc. (NASDAQ: MAT) is having an overwhelmingly strong day in the market today as reports surface that the company may soon be taken over by a massive rival. Of course, this is leading to excitement among investors and sending the stock toward the top. Today, we’ll talk about the takeover chatter, how the stock is reacting to the news, and what we’ll be watching for with regard to MAT ahead.





MAT Heads Up On Takeover Chatter

As mentioned above, Mattel is having an incredibly strong day in the market today as takeover chatter continues to circle around the company. According to various unconfirmed reports, a takeover approach has been made by the company’s rival Hasbro, Inc. (NASDAQ: HAS).




In general, we warn against making moves in the market based on rumors. At the end of the day, rumors are the most common form of market manipulation, and can lead to losses for many if you act on them. However, this particular rumor isn’t like most rumors that we see in the market. In this particular, case, the story of the Barbie and Hotwheels maker being taken over by the owner of brands like Nerf and Monopoly first surfaced on The Wall Street Journal. Considering the source of the rumor, there might actually be something to this one as I doubt that a WSJ contributor would be willing to tarnish their name to publish a bogus rumor.

Many argue that now would be the time for large companies in the toy industry to start to merge. After all, MAT, and others in the industry have seen a massive decline in market cap over the past several years. In fact, even Toys ‘R’ Us frecently filed bankruptcy. However, in a recent statement, Brian Goldener CEO at HAS, had the following to offer about the Toys ‘R’ Us Bankruptcy, suggesting that he doesn’t expect for the bankruptcy to have a profound effect on Hasbro:

[The Toys ‘R’ Us bankruptcy filing] will not be an issue for us in 2018… We paused shipment for a short period as we gain clarity… Our finance and Toys ‘R’ Us commercial teams worked on an agreement we signed a few days ago… We just need to determine what Toys ‘R’ Us can receive in the next few months.”

How The Stock Is Reacting To The News

As we can expect any time rumors break of a potential takeover, Mattel is seeing strong gains in the market today. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:56), MAT is trading at $17.49 per share after a gain of $2.87 per share or 19.63% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on MAT and HAS. After all, we’re interested in learning if this takeover is going to take place. While most rumors in the market tend to lack validity, that doesn’t seem to be the case here. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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JD.Com Inc JD Stock News

JD.Com Inc (ADR) (NASDAQ: JD) is having an overwhelmingly strong day in the market today. In fact, due to the gains we’re seeing on the stock, the company is now getting closer in valuation to rival Alibaba (BABA). So, what’s the deal? The company released earnings, blowing away expectations and leading to excitement among investors. Today we’ll talk about what we saw from the earnings report, how the stock reacted to the news, and what we’ll be watching for with regard to JD ahead.





JD Reports Earnings

As mentioned above, JD.Com is having an overwhelmingly strong day in the market today after reporting its earnings. The report was a very positive one. Here’s what we saw:




  • Profit – In terms of profit, JD did incredibly well. During the quarter, analysts expected that the company would generate a loss in the amount of CNY213 million. However, the company actually reported a profit of CNY1 billion ($151 million), blowing away expectations.
  • Revenue – Revenue also proved to be positive. During the quarter, analysts expected that the company would generate revenue in the amount of 83.6 billion yuan. However, the company actually reported revenue in the amount of 83.8 billion yuan.

In a statement Sidney Huang, CFO at JD, had the following to offer:

We are very encouraged to see another quarter of solid top line growth with record profitability… The scale economies of our model are becoming clearer with every quarter. Looking ahead, we will continue to prioritize investments in technology and leading R&D talent as we execute on our vision to revolutionize China’s retail industry.”

How The Stock Reacted To The News

As we’ve come to expect any time a publicly-traded company releases strong earnings, JD is having an incredibly strong time in the market today. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:28), JD is trading at $42.00 per share after a gain of $2.03 per share (5.09%) thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on JD. In particular, we’re interested in following the growth story as the company continues to gain ground on Alibaba. With China’s biggest shopping day just around the corner, we could see some big news relatively soon. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Youngevity International YGYID Stock News

Youngevity International Inc (NASDAQ: YGYI) is likely to have a strong day in the market today after the company released its earnings for the third quarter as well as the nine months ending on September 30, 2017. To read the full report, click here! Here are the highlights from the report:





YGYI Reports Q3 Financial Results

As mentioned Youngevity International released its earnings for the third quarter this morning. Here are the key highlights from the report:




  • Revenue – In terms of revenue, YGYI did overwhelmingly well in the third quarter., During the quarter, the company generated $44.395 million in revenue. That figure is up 1.9% as compared to $43.562 million generated in the quarter before.
  • International Revenue – In the press release, the company said that international revenue in the Direct Selling Division climbed dramatically. In fact, in this particular area, revenue was up by 36% led by Asia.
  • Coffee Division Revenue – Revenue in the coffee division also saw dramatic growth, gaining 29.2% year over year.

In a statement, Steve Wallach, CEO and Co-Founder at YGYI had the following to offer with regard to the quarter’s performance:

I am pleased to see the performance of our international markets contribute to the top line of our direct selling business. We have invested heavily in establishing a global footprint and we believe that we will begin to enjoy returns on these significant investments in the coming quarters. I am equally pleased to see the revenue growth taking place in our Coffee Division, especially the sales success taking place with our Café La Rica™ Brand. We expect the strength of this brand has significant potential to bring shareholder value.”

The above statement was followed up by Dave Briskie, President and CFO at Youngevity International. Here’s what he had to offer:

We invested heavily in creating a platform that is capable of creating top line revenue growth throughout a number of verticals and in various markets across the globe. We anticipate that we will be able to leverage our platform and drive top line growth. With that said, as we complete 2017 and move through 2018 we will focus on our plans to improve our profitability, expand our liquidity, and strengthen our balance sheet.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on YGYI. In particular, we’re interested in following the growth in international sales as well as the coffee division as the fast paced growth witnessed in Q3 was impressive to say the least. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Thought Leader Discussions

Gevo, Inc. GEVO Stock News

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Gevo, Inc. (NASDAQ: GEVO) Before we get into this interview, I'd like to extend a special thanks to my friend Joey who both set up the...