MINNEAPOLIS – Discount retailer Target Corp. said first-quarter profits rose 12 percent, but the results narrowly missed Wall Street estimates and its shares fell 4 percent. Investors were spooked as profit margins shrank and selling and administrative expenses rose faster than sales. Target, the nation’s second-largest discounter behind Wal-Mart Stores Inc., said it earned $554 million, or 63 cents per share, for the quarter ended April 29, up from $494 million, or 55 cents per share, during the same period last year. The latest results were a penny a share below the estimate of analysts polled by Thomson Financial. First-quarter revenue rose 12.1 percent, to $12.86 billion from $11.5 billion a year ago. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBasketball roundup: Sierra Canyon, Birmingham set to face off in tournament quarterfinalsBut selling, general and administrative expenses grew 15.3 percent, to almost $2.9 billion. That can make investors nervous because it suggests that a company might be spending more on advertising and salaries to attract the same sales dollars. Chief Financial Officer Doug Scovanner said the extra expense was because Target opened three distribution centers during the quarter and remodeled more stores than usual. And he said Target’s gross margin for the full year is likely to be as good as last year’s 31.9 percent of sales, or better. He maintained Target’s guidance for the year, saying analyst estimates that it would earn 69 cents per share for the second quarter and $3.11 for the full year “appear reasonable, given our current outlook.” “On balance, our first-quarter performance gives me even greater confidence than 90 days ago in our ability to generate a mid-teen percentage increase in 2006 earnings per share,” he said. Analysts polled by Thomson Financial were expecting earnings per share for the year of $3.12. Target shares fell $2.19, or 4 percent, to close at $50.02 on the New York Stock Exchange – up from $48.10 earlier in the day, which was at the bottom of its range over the past year. It wasn’t exactly a terrible quarter. Target said profits grew on the strength of store revenue and contributions from its credit card business, which added $162 million to earnings before taxes, which was an increase of $60 million, or almost 60 percent, from the same period last year. Target said its credit card profits grew because of higher interest income and the short-term benefit of expenses for bad debts because many people rushed to file for bankruptcy before the rules changed last fall.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!
Posted: March 7, 2018 CAMP PENDLETON (KUSI) — For the first time, female Marines awoke Wednesday to begin their first full day of training at Camp Pendleton’s Marine Combat Training course.The female Marines, who recently graduated boot camp at Marine Corps Recruit Depot Parris Island, in South Carolina, arrived at Camp Pendleton on Tuesday. They are the first enlisted female students to learn war-fighting skills at Camp Pendleton’s Marine Combat Training course, known as MCT-West. The training course is part of Camp Pendleton’s School of Infantry and teaches students basic battlefield skills.At least 40 women are expected to arrive over the next several days at MCT-West, where they’ll be fully integrated with the men who are also starting the 29-day course. Previously, all female Marines were sent to combat training at Camp Lejeune in North Carolina.About 1,700 female Marines are expected to go through combat training each year at Camp Pendleton. Female boot camp graduates recruited from states west of the Mississippi River will be sent here, while the others will continue to be sent to Camp Lejeune.Despite the integrated combat training regimen, men and women will continue to go through separate boot camps. As things stand, all female Marines are sent to the Parris Island boot camp.The policy of separating Marines during boot camp based on gender is a controversial one. Critics say it reinforces a message that women aren’t as tough as men and can’t handle the same training as their male counterparts.Tuesday’s female and male arrivals to Camp Pendleton’s School of Infantry were assigned to Golf Company, Marine Combat Training Battalion, according to the Union-Tribune. The MCT-West program is for non-infantry Marines, with training that includes learning the basics of combat marksmanship, how to react to roadside bombs, lifesaving medical care and other skills.This initiative is part of a Marine Corps effort to enhance the entry-level training program for all Marines and to better reflect how the Marine Corps is structured in the operating forces,” Pena said.While the women who arrived Tuesday are the first to go through combat training at MCT-West, they’re not the fist female Marines to train at the base in northern San Diego County.When the Pentagon opened infantry ranks to women in 2016, several of them went through the School of Infantry’s Infantry Training Battalion, the Union-Tribune reported. That is a 59-day program that’s separate and more grueling than basic combat training. It’s designed for Marines chosen to serve in rifle squads and other infantry groups. KUSI Newsroom, Female Marines begin training at Camp Pendleton for first time March 7, 2018 Categories: Local San Diego News FacebookTwitter KUSI Newsroom
More information: James Stewart, et al. Journal of Morphology, DOI:10.1002/jmor.10877 © 2010 PhysOrg.com (PhysOrg.com) — The yellow-bellied three-toed skink (Saiphos equalis) is one of only three reptiles known to have different methods of reproduction in different places. In the coastal areas of New South Wales (NSW), near Sydney, Australia, the skink lays eggs, while in the northern highlands of NSW, it tends to favor giving birth to live young. Scientists say we are witnessing evolution in action, with the skink half-way in its transformation from an egg-layer to a bearer of live young. Explore further A three-toed skink. Credit: Australian Traveller The skink resembles a small snake, but with miniature legs. It reaches a length of about 18 cm, and is mostly nocturnal, feeding on insects. Biologist James Stewart, of East Tennessee State University, and colleagues in the US and Australia have been studying the skink and have found ‘intermediate’ skinks that retain their eggs internally longer than others. It appears the live-bearers evolved from these.The scientists have also discovered that as they retain their young internally for longer, the thickness of the eggshell is reduced until, for those bearing live young, the shell is merely a thick membrane. Having a thinner shell enables the mother to keep the embryo well fed while the egg is inside her body, but there is less calcium available for the embryo. Stewart and the team found that the uterus in the egg-layers secreted calcium that became incorporated into the embryo. “It’s basically the early stages of the evolution of a placenta in reptiles,” Stewart said.Giving birth to live young is an advantage in colder areas, such as the northern highlands of NSW, since the embryo develops for longer within a warm body. The negative side is that keeping the fetus in the uterus is more physically demanding on the mother. In warmer areas such as coastal regions of NSW, eggs have a better chance of surviving the climate, but the negative is a greater vulnerability to attack from predators.Live birth is known to have evolved 132 times among animals with a backbone, 98 of these in reptiles, which Stewart said suggests that while it seems a complex transition, “it’s looking like it might be much simpler in some cases than we thought.” Two other species of reptiles are known to use both types of reproduction: a European lizard and another species of skink.Stewart’s paper is published in the Journal of Morphology.• PhysOrg.com iPhone / iPad Apps• PhysOrg.com Audio Podcasts / iTunes• PhysOrg.com Android apps (new version available)• Join PhysOrg.com on Facebook!• Follow PhysOrg.com on Twitter! Lizard reveals cancer secrets Citation: Scientists watch evolution in action (2010, September 6) retrieved 18 August 2019 from https://phys.org/news/2010-09-scientists-evolution-action.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
Opinions expressed by Entrepreneur contributors are their own. Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Now March 25, 2016 Looking for the latest headlines in small business, innovation and tech? Our Start Up Your Day recaps are posted every morning to keep you current.Sky riding. Going to Coachella? You can now book a six-seat helicopter through Uber for $4,170, according to Business Insider.Bad robot. Microsoft is “making adjustments” after a Twitter bot it designed to learn from its users turned into a profane sex-crazed racist. The project, created by a Microsoft research team, has been paused, according to The Washington Times.Waste not. This week, Starbucks announced a new program to donate unsold food to food banks at the end of each day. The program will roll out by the end of 2016.Behind the scenes. To show its progress, Tesla invited local media to be among the first to tour the Gigafactory, battery-production facility, says VentureBeat.One year young. Facebook’s version of TimeHop turned one yesterday. The company says it now receives 60 million daily visitors, according to TechCrunch. 1 min read This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience. Enroll Now for Free