Company News for Dec 18, 2023
https://www.zacks.com/stock/news/2199341/company-news-for-dec-18-2023?cid=CS-ZC-FT-corporate_summary-2199341
Dec 18, 2023 - Companies in The News Are: AEE, SCHL, INTC, COST
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Southern's (SO) Unit Secures Approval to Cover Cost Overruns
https://www.zacks.com/stock/news/2200382/southern-s-so-unit-secures-approval-to-cover-cost-overruns?cid=CS-ZC-FT-analyst_blog|company_news_-_corporate_actions-2200382
Dec 20, 2023 - Southern's (SO) subsidiary, Georgia Power, secures regulatory approval to pass $7.56 billion Vogtle nuclear project overruns to customers. Delays and cost hikes raise concerns.
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Application Software Segment Aids Roper (ROP) Amid Cost Woes
https://www.zacks.com/stock/news/2201086/application-software-segment-aids-roper-rop-amid-cost-woes?cid=CS-ZC-FT-analyst_blog|zer_report_update-2201086
Dec 21, 2023 - Roper (ROP) stands to benefit from the solid momentum in the Application Software unit, driven by strength across its Deltek and Aderant businesses. However, cost inflation remains a concern.
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Shell (SHEL) Initiates Further Job Cuts in Cost-Cutting Effort
https://www.zacks.com/stock/news/2201397/shell-shel-initiates-further-job-cuts-in-cost-cutting-effort?cid=CS-ZC-FT-analyst_blog|company_news_-_energy_sector-2201397
Dec 22, 2023 - Shell (SHEL) implements a leaner organizational structure, offering options amid division-by-division job cuts, per the CEO's cost-trimming plans.
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Hershey (HSY) on Track With Pricing Actions Amid Higher Costs
https://www.zacks.com/stock/news/2202713/hershey-hsy-on-track-with-pricing-actions-amid-higher-costs?cid=CS-ZC-FT-analyst_blog|rank_focused-2202713
Dec 27, 2023 - Hershey (HSY) is undertaking strategic pricing initiatives to counter a rising cost environment. The company regularly brings innovation to its core brands to meet consumer demand.
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Lennar (LEN) Banks on Strategic Initiatives Amid High Costs
https://www.zacks.com/stock/news/2203201/lennar-len-banks-on-strategic-initiatives-amid-high-costs?cid=CS-ZC-FT-analyst_blog|rank_focused-2203201
Dec 28, 2023 - Lennar (LEN) benefits from accretive business strategies resulting in increased new orders and deliveries. However, high costs and an uncertain economic scenario hurt growth prospects.
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KBR Banks on Solid Backlog Levels Amid High-Cost Environment
https://www.zacks.com/stock/news/2203730/kbr-banks-on-solid-backlog-levels-amid-high-cost-environment?cid=CS-ZC-FT-analyst_blog|rank_focused-2203730
Dec 29, 2023 - Consistent contract wins, primarily in the GS segment, and growing backlog levels aid KBR. However, increased costs are hurting prospects.
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Big Lots (BIG) Gains Momentum by Effective Cost Savings
https://www.zacks.com/stock/news/2203622/big-lots-big-gains-momentum-by-effective-cost-savings?cid=CS-ZC-FT-analyst_blog|rank_focused-2203622
Dec 29, 2023 - Big Lots (BIG) is poised to bolster growth with strategic initiatives, cost management and omnichannel enhancements, despite facing macroeconomic challenges impacting consumer spending.
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Loan Growth Aids Regions Financial (RF) Despite Cost Hike
https://www.zacks.com/stock/news/2204483/loan-growth-aids-regions-financial-rf-despite-cost-hike?cid=CS-ZC-FT-analyst_blog|zer_report_update-2204483
Jan 02, 2024 - Regions Financial's (RF) NII growth will be supported by loan growth and high rates. Yet, escalating expenses and pressure on mortgage income remain woes.
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Industrial Precision Unit Aids Nordson (NDSN) Amid Cost Woes
https://www.zacks.com/stock/news/2205079/industrial-precision-unit-aids-nordson-ndsn-amid-cost-woes?cid=CS-ZC-FT-analyst_blog|zer_report_update-2205079
Jan 03, 2024 - Strength in Industrial Precision Solutions segment and accretive acquisitions augur well for Nordson (NDSN). However, cost inflation remains a concern.
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