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IPG: Q1 Earnings Snapshot

Published Tue, 05 Nov 2024 16:25:18 GMT

OXFORD, Mass. (AP) — OXFORD, Mass. (AP) — IPG Photonics Corp. (IPGP) on Tuesday reported first-quarter profit of $60.1 million.On a per-share basis, the Oxford, Massachusetts-based company said it had net income of $1.26.The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1 per share.The high-powered laser maker posted revenue of $347.2 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $326.5 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IPGP at https://www.zacks.com/ap/IPGPSource

Consolidated Communications: Q1 Earnings Snapshot

Published Tue, 05 Nov 2024 16:25:18 GMT

MATTOON, Ill. (AP) — MATTOON, Ill. (AP) — Consolidated Communications Holdings Inc. (CNSL) on Tuesday reported a loss of $37 million in its first quarter.The Mattoon, Illinois-based company said it had a loss of 42 cents per share. Losses, adjusted for non-recurring costs and stock option expense, came to 28 cents per share.The telecommunications company posted revenue of $276.1 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNSL at https://www.zacks.com/ap/CNSLSource

Brothers and Sisters Day: Chance to celebrate siblings’ lifelong bond

Published Tue, 05 Nov 2024 16:25:18 GMT

Sure, in 2023, there’s a “day” for everything: Tuesday is Brothers and Sisters Day.Don’t confuse Brothers and Sisters Day with International Siblings Day — that was April 10. And, like a lot of these “unofficial holidays,” the history is often vague, and hard to cite, but does it really matter?The gist behind Brothers and Sisters Day is that it’s a chance to reflect on the special bond and shared history between siblings.Now, as adults, there are plenty of reasons for brothers and sisters not to be in touch daily. With new families and responsibilities, life gets busy for siblings who grew up together, usually in the same house.If you live nearby, an invitation for a cup of coffee and a few laughs will no doubt be appreciated. If miles physically separate siblings, a video chat can put you in the same (virtual) room.While there’s no official way to celebrate — who knows if there’s actually a “Brothers and Sisters Day”...

Sysco: Fiscal Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 16:25:18 GMT

HOUSTON (AP) — HOUSTON (AP) — Sysco Corp. (SYY) on Tuesday reported fiscal third-quarter profit of $429.6 million.The Houston-based company said it had profit of 84 cents per share. Earnings, adjusted for one-time gains and costs, came to 90 cents per share.The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.The food distributor posted revenue of $18.88 billion in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $18.73 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SYY at https://www.zacks.com/ap/SYYSource

Franklin Electric: Q1 Earnings Snapshot

Published Tue, 05 Nov 2024 16:25:18 GMT

FORT WAYNE, Ind. (AP) — FORT WAYNE, Ind. (AP) — Franklin Electric Co. (FELE) on Tuesday reported first-quarter net income of $37.3 million.The Fort Wayne, Indiana-based company said it had net income of 79 cents per share.The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.The water and fuel pumping systems company posted revenue of $484.6 million in the period.Franklin Electric expects full-year revenue in the range of $2.15 billion to $2.25 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FELE at https://www.zacks.com/ap/FELESource

Path to Paris Olympics set for European women’s soccer teams

Published Tue, 05 Nov 2024 16:25:18 GMT

NYON, Switzerland (AP) — The path to the 2024 Paris Olympics for European women’s soccer teams was made clearer on Tuesday when UEFA made the group-stage draw for the inaugural Women’s Nations League.Two teams will advance from the top-tier Nations League Finals in February to join Olympic host France in the 12-team lineup in July next year. The Olympic tournament already includes 2019 Women’s World Cup winner the United States, Brazil and Colombia. The Nations League Finals will involve winners of the four League A groups drawn on Tuesday that will play from September to December.European champion England was grouped with Netherlands, the 2019 Women’s World Cup beaten finalist, plus their respective neighbors and rivals Scotland and Belgium.Sweden, the Tokyo Olympics silver medalist, was drawn with Spain, Italy and Switzerland.Germany will play Denmark, Iceland and Wales. France’s group includes Norway, Austria and Portugal.If England advances to the Paris Olympics, the team will r...

Illinois Tool Works: Q1 Earnings Snapshot

Published Tue, 05 Nov 2024 16:25:18 GMT

GLENVIEW, Ill. (AP) — GLENVIEW, Ill. (AP) — Illinois Tool Works Inc. (ITW) on Tuesday reported first-quarter profit of $714 million.On a per-share basis, the Glenview, Illinois-based company said it had net income of $2.33.The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.18 per share.The equipment manufacturer for the transportation, power, food and construction industries posted revenue of $4.02 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $3.96 billion.Illinois Tool Works expects full-year earnings to be $9.45 to $9.85 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ITW at https://www.zacks.com/ap/ITWSource

Federal Signal: Q1 Earnings Snapshot

Published Tue, 05 Nov 2024 16:25:18 GMT

OAK BROOK, Ill. (AP) — OAK BROOK, Ill. (AP) — Federal Signal Corp. (FSS) on Tuesday reported first-quarter net income of $27.4 million.The Oak Brook, Illinois-based company said it had net income of 45 cents per share. Earnings, adjusted for one-time gains and costs, were 46 cents per share.The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.The company that makes products ranging from street sweepers to toll booth technology for government, industrial and commercial customers posted revenue of $385.5 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $371.6 million.Federal Signal expects full-year earnings in the range of $2.21 to $2.43 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSS at https://www.z...

Great Lakes Dredge & Dock: Q1 Earnings Snapshot

Published Tue, 05 Nov 2024 16:25:18 GMT

HOUSTON (AP) — HOUSTON (AP) — Great Lakes Dredge & Dock Corp. (GLDD) on Tuesday reported a loss of $3.2 million in its first quarter.The Houston-based company said it had a loss of 5 cents per share.The provider of dredging and dock-contracting services posted revenue of $158 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GLDD at https://www.zacks.com/ap/GLDDSource

Denver area homeownership highest since 2009

Published Tue, 05 Nov 2024 16:25:18 GMT

DENVER (KDVR) — Denver area homeownership is the highest it's been since the nation was spiraling into the effects of the Great Recession. Colorado real estate, both in and outside the capital metro, has been booming since the early 2010s following the housing market crash of the late 2000s. As Colorado became a popular destination for those looking for a new state, property values and home building rates recovered. Apartment values rise higher than homes in Denver, Boulder Homeownership rates have not recovered smoothly in an era of rapid growth, but they have climbed higher than any point in the last 12 years, according to U.S. Census Bureau data. The Denver metro's homeownership rate was 67.7% in the final quarter of 2022, the highest since the first quarter of 2009.The metro homeownership rate had climbed as high as 67.5% in 2015 but quickly fell again as more and more people poured into Colorado. Still, the homeownership rate is not what it was before the Great Recession. In...