The e-cigarette industry will be watching reaction to JUUL settling thousands of lawsuits, along with reaction to Toll Brothers earnings.
Juul has been in talks with investors, including longtime board members, Hyatt Hotels heir Nick Pritzker, and California investor Riaz Valani, about a financial bailout, first reported by the Journal.The company said profit rose to $640.5 million, or $5.63 per share, compared with $374.3 million, or $3.02 per share, a year ago. Analysts polled by FactSet expected $4.01 per share.
Revenue rose to $3.71 billion from $3.04 billion a year ago, topping the expectation for $3.17 billion. Home sales revenue increased 21% to $3.6 billion.The company delivered 3,765 units in the quarter, up from 3,341 units delivered a year ago, according to Dow Jones. Toll Brothers said backlog value was $8.9 billion with 8,098 homes at the end of the quarter, which is lower from a year ago.The online personal-shopping and styling service's loss widened to $55.9 million, or 50 cents per share.
That compares to a loss of $1.83 million, or two cents per share, a year ago. Analysts polled by FactSet expected a loss per share of 47 cents.The company reported nearly 3.71 million active clients during the period, down 11% from a year ago. Net revenue per active client was flat at $525, the company said.Reports in the morning will include Brown-Forman, Campbell's Soup, and United Natural Foods .
Oil prices have dropped by more than 1% for three straight sessions, giving up most of their gains for the year, according to Reuters.
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