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Tag: estimates

Galapagos home to 53 invasive species, 10 times previous estimates

Galapagos home to 53 invasive species, 10 times previous estimates

Science
March 29 (UPI) -- The Galapagos Islands hosts at least 53 invasive species, ten times as many as previously thought. The survey was conducted by a team of scientists with the Smithsonian Environmental Research Center, Williams College and the Charles Darwin Foundation, and published this week in the journal Aquatic Invasions. Researchers began their search for non-native species in 2015 by hanging underwater settlement plates from docks on Santa Cruz and Baltra, two the archipelago's larger islands. Scientists monitored the species that attached to and grew on the plates. The team of ecologists also sampled mangrove roots, as well as searched previous studies of Galapagos invaders. The survey revealed 48 non-native species, mostly sea squirts, marine worms and moss animals, or bryozoans...
Mattel has worst day in nearly 20 years after undercutting analysts' 2019 estimates

Mattel has worst day in nearly 20 years after undercutting analysts' 2019 estimates

Finance
Toymaker Mattel had its worst trading day in nearly 20 years on Friday after the company posted weaker-than-expected full-year 2019 guidance during an analyst meeting in New York. Shares of the company finished the day down more than 18 percent. The company said it expects adjusted EBITDA to be in a range of $ 350 million to $ 400 million for 2019, below analysts' expectations of $ 551.6 million, according to FactSet data. The company also expects sales to be flat in 2019 when adjusted for currency. "Either they are super lowballing or the company is falling apart," Lin...
Value investor Bob Olstein: Quarterly earnings estimates by companies should be 'illegal'

Value investor Bob Olstein: Quarterly earnings estimates by companies should be 'illegal'

Finance
Noted value investor Bob Olstein is 100 percent behind the call by Warren Buffett and Jamie Dimon to end quarterly earnings guidance by companies. "They should make it illegal to make specific quarterly earnings estimates. It leads to nothing that is good. They manipulate earnings to reach it. They take their eye off the football," the chairman and chief investment officer at The Olstein Funds said Thursday on "Closing Bell." Buffett, chairman and CEO of Berkshire Hathaway, and Dimon, chairman and CEO of J.P. Morgan Chase, teamed up in a rare joint interview that aired on CNBC earlier in the day to explain their stance. ...