Kontoor Brands Beats 1st-Quarter Earnings Projections, but Posts Revenue Miss

Kontoor Models Inc. (NYSE:KTB) unveiled its to start with-quarter outcomes ahead of the sector opened on Might 7. The denim organization that owns the Wrangler and Lee brands posted an earnings beat, but earnings fell quick of expectations.

Earnings and earnings

The organization posted quarterly earnings of 27 cents for every share, down from seventy eight cents in the calendar year-in the past period of time. Analysts had forecasted earnings of 26 cents for every share. Profits declined 22% to $504 million, which was under analysts’ projections.

Reflecting on the firm’s efficiency, President and CEO Scott Baxter stated:

“The COVID-19

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May 06, 2020 – Diamond Hill Capital’s Top 1st-Quarter Buys

Diamond Hill Capital (Trades, Portfolio) not too long ago disclosed its portfolio updates for the initial quarter of 2020, which ended on March 31.

Established in 2000 and headquartered in Columbus, Ohio, Diamond Hill identifies itself as an impartial investment management business that seeks to align employee passions with investor passions by investing in the similar portfolios. Its tactic is to retain a extended-phrase concentrate based on elementary, floor-up investigation of a company’s intrinsic price, as determined by variables these as current market place, competition, management, valuation and expansion potential customers. The funds concentrate on shopping for undervalued companies that

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Top 1st-Quarter Buys of Jerome Dodson’s Parnassus Fund

Jerome Dodson (Trades, Portfolio)’s Parnassus Fund just lately disclosed its portfolio updates for the initially quarter of 2020. The turnover fee for the quarter was twenty five% the fund offered out of its common stock holdings in eleven providers and proven new holdings in 8 providers.

The Parnassus Fund’s system is to look for lengthy-term money appreciation via securities that have vast moats, relevancy above the lengthy term, good quality administration groups and a marketplace price tag beneath intrinsic benefit. It is a contrarian fund that focuses on out-of-favor providers, with the exclusion of individuals involved in the output of

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Invesco European Growth Fund’s 1st-Quarter Buys

Before this 7 days, the Invesco European Advancement Fund (Trades, Portfolio) disclosed its portfolio updates for its noted first quarter of 2020, which ended on Jan. 31.

Invesco is a world-wide economic services enterprise with headquarters in Atlanta and workplaces in 25 nations around the world about the planet. The Invesco European Advancement Fund (Trades, Portfolio) seeks extended-expression publicity to higher-excellent progress options in both of those formulated and rising European marketplaces.

As of the quarter’s conclusion, the equity portfolio consisted of positions in 56 shares valued at $1.22 billion, with a turnover price of five%.

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The fund’s top equity

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