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Calix: Q2 Earnings Snapshot

Published Tue, 05 Nov 2024 11:05:03 GMT

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Calix Inc. (CALX) on Wednesday reported second-quarter net income of $9.4 million.On a per-share basis, the San Jose, California-based company said it had profit of 13 cents. Earnings, adjusted for stock option expense and pretax expenses, came to 36 cents per share.The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.The cloud, software platforms, systems and services provider for communications service providers posted revenue of $261 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $256.3 million.For the current quarter ending in September, Calix expects its per-share earnings to range from 32 cents to 38 cents.The company said it expects revenue in the range of $260 million to $265 million for the fiscal third quarter.Calix shares have decreased 28% since the beginning of t...

Large Pfizer pharmaceutical plant is heavily damaged by tornado in North Carolina, company says

Published Tue, 05 Nov 2024 11:05:03 GMT

ROCKY MOUNT, N.C. (AP) — Large Pfizer pharmaceutical plant is heavily damaged by tornado in North Carolina, company says.Source

Discover: Q2 Earnings Snapshot

Published Tue, 05 Nov 2024 11:05:03 GMT

RIVERWOODS, Ill. (AP) — RIVERWOODS, Ill. (AP) — Discover Financial Services (DFS) on Wednesday reported second-quarter net income of $901 million.On a per-share basis, the Riverwoods, Illinois-based company said it had net income of $3.54.The results fell short of Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $3.66 per share.The credit card issuer and lender posted revenue of $4.99 billion in the period. Its adjusted revenue was $3.88 billion, which beat Street forecasts. Seventeen analysts surveyed by Zacks expected $3.87 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DFS at https://www.zacks.com/ap/DFSSource

United Airlines says it made $1 billion in the second quarter and sees strong remainder of 2023

Published Tue, 05 Nov 2024 11:05:03 GMT

United Airlines said Wednesday it earned more than $1 billion in the second quarter despite canceling 3,800 flights in the last two weeks of June, when it struggled to recover from storms that crippled its key operation in the New York City area.United indicated that it sees no let-up in strong demand for tickets: It raised its forecast of third-quarter and full-year profit.The report underscores how airline revenue and profits are soaring as travel bounces back after the pandemic. Big carriers like United are benefitting especially from the strong recovery in international travel after the lifting of COVID-19-related restrictions. From April through June, more than 2.4 million travelers per day on average went through U.S. airport security checkpoints, virtually identical with numbers from the same period of 2019 and a 10% jump from last year. Airlines at times have struggled to handle those crowds, although they have hired enough new workers to replace ones they encouraged to quit...

Bills and Raccuia part ways months after top executive finishes stadium negotiations

Published Tue, 05 Nov 2024 11:05:03 GMT

BUFFALO, N.Y. (AP) — Ron Raccuia, who played the lead role in negotiating Buffalo’s new $1.54 billion stadium deal, is out as the Bills’ top executive, team owner Terry Pegula announced on Wednesday.In saying the sides had parted ways, Pegula cited a monthslong evaluation of the team’s business side in determining a need to “revamp and improve our structure.” Pegula thanked Raccuia for his many years of hard work and dedication and wished him the best of luck.In making the change, Pegula is taking over the role of team president, which was previously held by his wife. Kim Pegula, who has been away from the team for the past 13 months, is dealing with significant language and memory issues after going into cardiac arrest.As part of the shakeup, Pegula announced John Roth will assume Raccuia’s titles as executive vice president and COO. Roth will now split his duties between the Bills and the Pegula-owned Buffalo Sabres, where he has served as the NHL team’s COO after bein...

F.N.B.: Q2 Earnings Snapshot

Published Tue, 05 Nov 2024 11:05:03 GMT

PITTSBURGH (AP) — PITTSBURGH (AP) — F.N.B. Corp. (FNB) on Wednesday reported second-quarter profit of $142.4 million.The Pittsburgh-based bank said it had earnings of 39 cents per share.The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.The financial holding company posted revenue of $564.5 million in the period. Its revenue net of interest expense was $409.6 million, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $403.6 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FNB at https://www.zacks.com/ap/FNBSource

First Industrial Realty Trust: Q2 Earnings Snapshot

Published Tue, 05 Nov 2024 11:05:03 GMT

CHICAGO (AP) — CHICAGO (AP) — First Industrial Realty Trust Inc. (FR) on Wednesday reported a key measure of profitability in its second quarter. The results exceeded Wall Street expectations.The real estate investment trust, based in Chicago, said it had funds from operations of $83.1 million, or 61 cents per share, in the period.The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 60 cents 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 $54.6 million, or 41 cents per share.The real estate investment trust, based in Chicago, posted revenue of $152.2 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $147.7 million.First Industrial Realty Trust expects full-year funds from operations to be $2.37 to $2.45 per share._____This story wa...

Choi, Triolo spark comeback from 4-run deficit, Pirates top Guardians 7-5 to stop 5-game skid

Published Tue, 05 Nov 2024 11:05:03 GMT

PITTSBURGH (AP) — Ji Man Choi and Jared Triolo hit two-run singles in a five-run seventh inning helped by an overturned call, and the Pittsburgh Pirates rallied from a four-run deficit to beat the Cleveland Guardians 7-5 on Wednesday and stop a five-game losing streak.Pittsburgh trailed 4-0 in the fifth before Nick Gonzales’ run-scoring single and Jake Suwinski’s RBI double against Aaron Civale.Gonzales walked against Nick Sandlin with one out in the seventh, and singles by Endy Rodríguez and Connor Joe off Sam Hentges (1-2) loaded the bases. Rodríguez’s bloop was his first hit in the major leagues following his callup Monday from Triple-A Indianapolis. “I’m really excited because, man, the whole lineup was working and now I get my first hit,” said Rodríguez, who was 0 for 7 with six strikeouts in his first two games. “I don’t know how to explain this emotion. It was really good. … A little pressure. Being in the big leagues for the first time, it’s a l...

Gunfire report at Cherry Creek mall unfounded: Denver Police

Published Tue, 05 Nov 2024 11:05:03 GMT

DENVER (KDVR) -- Denver Police said a report of a shot heard at the Cherry Creek Shopping Center was unfounded.The report was made just before 2 p.m. Wednesday. Police said officers responded to the area and that the call was unfounded as of 2 p.m.SkyFOX was over the scene as police exited the building. There were also people who appeared to be shoppers or employees at the mall standing outside.FOX31's Nicole Fierro talked to a witness who told her they saw a group of teens pop a balloon, which prompted the panic.

1 killed, woman in custody in Highlands Ranch shooting

Published Tue, 05 Nov 2024 11:05:03 GMT

DENVER (KDVR) — Update, July 19: A woman in the home was taken into custody on investigation of second-degree murder, according to the Douglas County Sheriff's Office.Victorine Galvan Grice, 55, walked out of the home and was taken into custody after deputies responded and found someone dead inside, the sheriff's office said. The victim has only been identified so far as a male. His identity will be released by the Douglas County Coroner's Office.Tuesday: One person was killed and another was taken into custody after a shooting in Highlands Ranch.Deputies responded around 8:25 a.m. Tuesday to a reported shooting at a home on Timber Hawk Circle, according to the Douglas County Sheriff's Office. Detectives were on the scene through the morning to investigate.One person was killed, the sheriff's office said. A second person was taken into custody, but no further details were released, including whether they face charges.The sheriff's office said there was no danger to the public.