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AvalonBay: Q1 Earnings Snapshot

Published Fri, 01 Nov 2024 06:32:27 GMT

ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — AvalonBay Communities Inc. (AVB) on Wednesday reported a key measure of profitability in its first quarter. The results topped Wall Street expectations.The Arlington, Virginia-based real estate investment trust said it had funds from operations of $360 million, or $2.57 per share, in the period.The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of $2.54 per share.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had net income of $146.9 million, or $1.05 per share.The apartment building owner posted revenue of $674.7 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $665.6 million.For the current quarter ending in June, AvalonBay expects its per-share funds from operations to range from $2.54 to $2.64. Analysts surveyed by ...

Fugees rapper found guilty in multimillion-dollar political conspiracies across two presidencies

Published Fri, 01 Nov 2024 06:32:27 GMT

WASHINGTON (AP) — Fugees rapper found guilty in multimillion-dollar political conspiracies across two presidencies.Source

Springer hurts hand, Blue Jays finish sweep of White Sox 8-0

Published Fri, 01 Nov 2024 06:32:27 GMT

TORONTO (AP) — Yusei Kikuchi struck out eight batters over 5 2/3 innings, Bo Bichette hit a solo home run and the Toronto Blue Jays beat the slumping White Sox 8-0 on Wednesday to complete a three-game sweep, extending Chicago’s losing streak to seven.Blue Jays outfielder George Springer left in the fourth, one inning after he was hit on the right hand by a pitch from White Sox right-hander Michael Kopech (0-3). X-rays did not reveal a fracture.Cavan Biggio pinch hit for Springer but struck out to strand two runners.Manager John Schneider said the Blue Jays will take advantage of Thursday’s off day to give Springer some rest. Springer will be reevaluated before Friday’s home game against Seattle.“Off day comes at a good time for him,” Schneider said.Chicago has lost nine of 10 and 15 of 18. Things aren’t getting any easier for the White Sox, who host MLB-leading Tampa Bay in a four-game series beginning Thursday.“We’re in a funk, and we have to come together as a team and figure out...

Pioneer Natural Resources: Q1 Earnings Snapshot

Published Fri, 01 Nov 2024 06:32:27 GMT

IRVING, Texas (AP) — IRVING, Texas (AP) — Pioneer Natural Resources Co. (PXD) on Wednesday reported first-quarter profit of $1.22 billion.The Irving, Texas-based company said it had profit of $5 per share. Earnings, adjusted for non-recurring costs, were $5.21 per share.The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $4.90 per share.The independent oil and gas company posted revenue of $4.54 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $5.11 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PXD at https://www.zacks.com/ap/PXDSource

Acadia Healthcare: Q1 Earnings Snapshot

Published Fri, 01 Nov 2024 06:32:27 GMT

FRANKLIN, Tenn. (AP) — FRANKLIN, Tenn. (AP) — Acadia Healthcare Co. (ACHC) on Wednesday reported first-quarter profit of $66 million.On a per-share basis, the Franklin, Tennessee-based company said it had net income of 72 cents. Earnings, adjusted for non-recurring costs, came to 75 cents per share.The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.The provider of inpatient behavioral health care services posted revenue of $704.3 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $676.1 million.Acadia Healthcare expects full-year earnings in the range of $3.10 to $3.40 per share, with revenue in the range of $2.82 billion to $2.88 billion.Acadia Healthcare shares have fallen 10% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $74.11, an increase of 10% in the last 12 months._____This stor...

QCR Holdings: Q1 Earnings Snapshot

Published Fri, 01 Nov 2024 06:32:27 GMT

MOLINE, Ill. (AP) — MOLINE, Ill. (AP) — QCR Holdings Inc. (QCRH) on Wednesday reported first-quarter net income of $27.2 million.The bank, based in Moline, Illinois, said it had earnings of $1.60 per share. Earnings, adjusted for non-recurring costs, were $1.65 per share.The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.The bank holding company posted revenue of $120.1 million in the period. Its revenue net of interest expense was $82.7 million, also exceeding Street forecasts._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QCRH at https://www.zacks.com/ap/QCRHSource

Cimpress: Fiscal Q3 Earnings Snapshot

Published Fri, 01 Nov 2024 06:32:27 GMT

DUNDALK COUNTY LOUTH, Ireland (AP) — DUNDALK COUNTY LOUTH, Ireland (AP) — Cimpress plc (CMPR) on Wednesday reported a loss of $49.3 million in its fiscal third quarter.The Dundalk County Louth, Ireland-based company said it had a loss of $1.88 per share. Losses, adjusted for restructuring costs, came to 97 cents per share.The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.17 per share.The marketing materials maker posted revenue of $742.2 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $701.9 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMPR at https://www.zacks.com/ap/CMPRSource

Facebook parent Meta posts solid 1Q results, stock soars

Published Fri, 01 Nov 2024 06:32:27 GMT

Facebook parent company Meta’s first-quarter results surpassed Wall Street’s modest expectations on both profit and revenue, sending its stock soaring in after-hours trading.Meta also reported that the monthly user base of its flagship platform — Facebook — inched close to 3 billion.Meta Platforms Inc. said Wednesday it earned $5.71 billion, or $2.20 per share, in the January-March period. That’s down 19% from $7.47 billion, or $2.72 per share, a year earlier. Revenue climbed 3% to $28.65 billion from $27.91 billion.Analysts, on average, were expecting earnings of $2.02 per share on revenue of $27.67 billion, according to a poll by FactSet.Meta said it has “substantially completed” layoffs it first announced in 2022. It announced a second round of layoffs in March. “Our AI work is driving good results across our apps and business,” CEO Mark Zuckerberg said in a statement. “We’re also becoming more efficient so we can build better products faster and put...

Forest rallies for 3-1 win, moves out of EPL relegation zone

Published Fri, 01 Nov 2024 06:32:27 GMT

NOTTINGHAM, England (AP) — Nottingham Forest climbed out of the Premier League’s relegation zone after rallying to beat Brighton 3-1 on Wednesday.The win was marred, however, by what looked like a serious injury to Forest defender Neco Williams, who was carried off on a stretcher after colliding with teammate Brennan Johnson.Forest ended a four-match losing run to climb above Everton and Leicester and out of the bottom three by one point in a tight relegation race that looks likely to go to the final weekend.Johnson had an 11th-minute penalty saved by Brighton goalkeeper Jason Steele before the visitors went in front, with Facundo Buonanotte — an 18-year-old Argentine making his first Premier League start — tapping in from close range in the 38th after Solly March’s shot was parried out.Forest’s equalizer had a hint of fortune about it, with a cross from left wing back Renan Lodi deflecting in off Brighton’s Pascal Gross’ outstretched boot in the third minute of first-half stoppage ...

Conmed: Q1 Earnings Snapshot

Published Fri, 01 Nov 2024 06:32:27 GMT

LARGO, Fla. (AP) — LARGO, Fla. (AP) — Conmed Corp. (CNMD) on Wednesday reported first-quarter net income of $1.8 million.On a per-share basis, the Largo, Florida-based company said it had profit of 6 cents. Earnings, adjusted for amortization costs and non-recurring costs, came to 66 cents per share.The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.The medical technology company posted revenue of $295.5 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $267.3 million.Conmed expects full-year earnings in the range of $3.30 to $3.50 per share, with revenue in the range of $1.21 billion to $1.25 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNMD at https://www.zacks.com/ap/CNMDSource