Strategic Options Boost UGI; Victoria's Secret Misses Estimates
- August 30th, 2023
- 435 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
-
NJCP Football League Provides Development and Opportunity for Athletes Pursuing the Next Level
March 20th, 2026March 19th, 2026How High School Graduates Can Kickstart Their Football Career
March 18th, 2026
Member Login