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Big US sales push up GM’s 1Q profit; company raises guidance

Published Sat, 16 Nov 2024 11:15:38 GMT

DETROIT (AP) — Strong sales in the U.S. helped General Motors increase its first-quarter net profit 19% over a year ago, leading the company to raise its full-year profit guidance based on expectations demand for its vehicles will remain robust.The Detroit automaker said Tuesday that it made $2.37 billion from January through March, up from $1.99 billion in the previous year. Excluding a $900 million charge to pay severance packages to about 5,000 white-collar workers who took buyouts during the quarter, GM made $2.21 per share. That soundly beat analysts’ estimates of $1.72, according to FactSet.Revenue for the quarter came in just shy of $40 million, up 11% from a year ago and beating analysts’ expectations of $38.55 billion. The strong quarter prompted the company to raise its pretax profit guidance for the full year to a range of $11 billion to $13 billion. Previously it was $10.5 billion to $12.5 billion.Chief Financial Officer Paul Jacobson wouldn’t make a pr...

GE HealthCare: Q1 Earnings Snapshot

Published Sat, 16 Nov 2024 11:15:38 GMT

CHICAGO (AP) — CHICAGO (AP) — GE HealthCare Technologies Inc. (GEHC) on Tuesday reported net income of $372 million in its first quarter.On a per-share basis, the Chicago-based company said it had net income of 41 cents. Earnings, adjusted for one-time gains and costs, came to 85 cents per share.The medical technology company posted revenue of $4.71 billion in the period.GE HealthCare expects full-year earnings in the range of $3.60 to $3.75 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 GEHC at https://www.zacks.com/ap/GEHCSource

TransUnion: Q1 Earnings Snapshot

Published Sat, 16 Nov 2024 11:15:38 GMT

CHICAGO (AP) — CHICAGO (AP) — TransUnion (TRU) on Tuesday reported first-quarter earnings of $52.6 million.On a per-share basis, the Chicago-based company said it had profit of 27 cents. Earnings, adjusted for one-time gains and costs, were 80 cents per share.The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.The credit reporting company posted revenue of $940.3 million in the period, also exceeding Street forecasts. Thirteen analysts surveyed by Zacks expected $913.7 million.For the current quarter ending in June, TransUnion expects its per-share earnings to range from 81 cents to 83 cents.The company said it expects revenue in the range of $948 million to $958 million for the fiscal second quarter.TransUnion expects full-year earnings in the range of $3.49 to $3.62 per share, with revenue ranging from $3.83 billion to $3.89 billion._____This story was generated by Automat...

Polaris Inc: Q1 Earnings Snapshot

Published Sat, 16 Nov 2024 11:15:38 GMT

MEDINA, Minn. (AP) — MEDINA, Minn. (AP) — Polaris Inc. (PII) on Tuesday reported first-quarter earnings of $113.4 million.On a per-share basis, the Medina, Minnesota-based company said it had net income of $1.95. Earnings, adjusted for amortization costs and non-recurring costs, were $2.05 per share.The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share.The snowmobile and ATV maker posted revenue of $2.18 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.95 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PII at https://www.zacks.com/ap/PIISource

Spotify: Q1 Earnings Snapshot

Published Sat, 16 Nov 2024 11:15:38 GMT

LUXEMBOURG (AP) — LUXEMBOURG (AP) — Spotify Technology SA (SPOT) on Tuesday reported a loss of $241.4 million in its first quarter.On a per-share basis, the Luxembourg-based company said it had a loss of $1.24.The results missed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of $1.01 per share.The music-streaming service operator posted revenue of $3.26 billion in the period, which also did not meet Street forecasts. Nine analysts surveyed by Zacks expected $3.39 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPOT at https://www.zacks.com/ap/SPOTSource

Dow Inc.: Q1 Earnings Snapshot

Published Sat, 16 Nov 2024 11:15:38 GMT

MIDLAND, Mich. (AP) — MIDLAND, Mich. (AP) — Dow Inc. (DOW) on Tuesday reported a loss of $93 million in its first quarter.On a per-share basis, the Midland, Michigan-based company said it had a loss of 13 cents. Earnings, adjusted for one-time gains and costs, came to 58 cents per share.The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.The materials science posted revenue of $11.85 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $11.34 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DOW at https://www.zacks.com/ap/DOWSource

Armstrong World Industries: Q1 Earnings Snapshot

Published Sat, 16 Nov 2024 11:15:38 GMT

LANCASTER, Pa. (AP) — LANCASTER, Pa. (AP) — Armstrong World Industries Inc. (AWI) on Tuesday reported first-quarter net income of $47.3 million.On a per-share basis, the Lancaster, Pennsylvania-based company said it had profit of $1.04. Earnings, adjusted for pretax expenses, were $1.12 per share.The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.The ceiling and wall systems manufacturer posted revenue of $310.2 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $307.3 million.Armstrong World Industries expects full-year earnings in the range of $4.80 to $5.05 per share, with revenue in the range of $1.26 billion to $1.31 billion.Armstrong World Industries shares have risen slightly more than 6% since the beginning of the year. The stock has decreased 21% in the last 12 months._____This story was generated by Automated Insights (ht...

Sensata: Q1 Earnings Snapshot

Published Sat, 16 Nov 2024 11:15:38 GMT

ATTLEBORO, Mass. (AP) — ATTLEBORO, Mass. (AP) — Sensata Technologies Holding NV (ST) on Tuesday reported first-quarter profit of $86.4 million.The Attleboro, Massachusetts-based company said it had net income of 56 cents per share. Earnings, adjusted for non-recurring costs and pretax expenses, came to 92 cents per share.The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.The maker of sensing, electrical protection, control and power management products posted revenue of $998.2 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $981 million.For the current quarter ending in June, Sensata expects its per-share earnings to range from 88 cents to 98 cents.The company said it expects revenue in the range of $1 billion to $1.04 billion for the fiscal second quarter._____This story was generated by Automated Insights (http://automatedi...

Evening rain in city, snow for Palmer Divide, foothills: Pinpoint Weather Alert Day

Published Sat, 16 Nov 2024 11:15:38 GMT

DENVER (KDVR) — Temperatures will warm into the low 50s Tuesday before rain and snow push into the area in the afternoon and evening in the Denver weather forecast. Winter storm warnings are in effect from noon Tuesday through noon Wednesday. Incoming spring storm could affect trees and plants Tuesday is a Pinpoint Weather Alert Day. Pinpoint Weather: Advisories on April 25. Weather today: Evening rain and snowTuesday starts off with some partial clearing as highs reach the low 50s. Snow pushes into the foothills around noon, with rain in the city in the evening and snow south of the metro.Pinpoint Weather: Daily forecast on April 25. Weather tonight: Rain and snow lingerThe rain and snow will linger overnight Tuesday with a slight swap to snow as the system begins to leave the area. Snow and rain continue to taper in the early morning hours. Pinpoint Weather: Overnight forecast on April 25. Snow totals in the mountains can reach one to two feet, with five to 10 inches in the fo...

Shots fired during robbery at University of Colorado Boulder

Published Sat, 16 Nov 2024 11:15:38 GMT

BOULDER, Colo. (KDVR) — The University of Colorado Boulder police reported an armed robbery with shots fired near dorms on campus early Tuesday morning. A campus-wide emergency alert was sent out at 3:55 a.m. from CU Police about an armed robbery that took place at CU Williams Village. Williams Village is located east of the main campus at 3300 Baseline Road and is home to undergraduate students. According to the alert, two suspects who were dressed in dark clothing fired shots in the area and then fled in a white Jeep Cherokee towards Baseline Road. CU Boulder police investigating reported sexual assault CU Police said no injuries were reported in the armed robbery. They believe the suspects have left the area. No word on whether the suspects stole anything or where in the village the crime was reported. Police are looking for any additional information on the robbery. If you know anything or witnessed the crime, you are asked to contact CU Police at 303-492-6666.This is a develo...