Strategic Options Boost UGI; Victoria's Secret Misses Estimates
- August 30th, 2023
- 415 views
Shares of UGI Corp. (NYSE: UGI) surged over 5% in after-hours trading as the company said that it has started a process to evaluate potential strategic alternatives to maximize shareholder value, focusing on the LPG businesses.
With advisors Goldman Sachs & Co. LLC and J.P. Morgan Securities, LLC, UGI aims to optimize operations, enhance its balance sheet, and align capital priorities. According to UGI, the timeline remains open, and outcomes are uncertain.
$UGI was trading at $25.25 in the extended session, up $2.13 (+9.21%).
In other news, Victoria's Secret & Co. (NYSE: VSCO) posted second-quarter 2023 earnings of $0.24 per share, falling short of the consensus EPS estimate of $0.26. The company's quarterly sales reached $1.43 billion, slightly below analysts' projected revenue of $1.44 billion.
For Q3 2023, Victoria's Secret anticipates an adjusted loss ranging from $(1.00) to $(0.70) per share, compared to the consensus estimate loss of $(0.14) per share.
$VSCO was trading at $17.48 in after-hours, down $00.46 (-2.56%).
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Key Earnings Ahead for Netflix, Fastenal, and U.S. Bancorp
January 18th, 2026Louisville Thunder Appoints Veteran Coach Mike Reed to Lead Program
January 15th, 2026FDA Approves First Treatment for Children With Menkes Disease
January 13th, 2026January 13th, 2026Wall Street Eyes Bank of America, Wells Fargo, Citi Ahead of Earnings
January 11th, 2026
Member Login