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Legget & Platt: Q2 Earnings Snapshot

Published Tue, 05 Nov 2024 14:01:58 GMT

CARTHAGE, Mo. (AP) — CARTHAGE, Mo. (AP) — Leggett & Platt Inc. (LEG) on Monday reported second-quarter earnings of $54.2 million.On a per-share basis, the Carthage, Missouri-based company said it had profit of 40 cents. Earnings, adjusted for non-recurring gains, were 38 cents per share.The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.The engineered component manufacturer posted revenue of $1.22 billion in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.24 billion.Legget & Platt expects full-year earnings in the range of $1.45 to $1.65 per share, with revenue in the range of $4.75 billion to $4.95 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LEG at https://www.zacks.com/ap/LEGSource

Benchmark: Q2 Earnings Snapshot

Published Tue, 05 Nov 2024 14:01:58 GMT

TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — Benchmark Electronics Inc. (BHE) on Monday reported second-quarter earnings of $14 million.The Tempe, Arizona-based company said it had profit of 39 cents per share. Earnings, adjusted for one-time gains and costs, came to 48 cents per share.The electronic manufacturing services company posted revenue of $733.2 million in the period.For the current quarter ending in September, Benchmark expects its per-share earnings to range from 51 cents to 59 cents.The company said it expects revenue in the range of $680 million to $720 million for the fiscal third quarter.Benchmark shares have declined roughly 1% since the beginning of the year. In the final minutes of trading on Monday, shares hit $26.51, an increase of roughly 4% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BHE at https://www.zacks.com/ap/BHESource

Gaiam: Q2 Earnings Snapshot

Published Tue, 05 Nov 2024 14:01:58 GMT

LOUISVILLE, Colo. (AP) — LOUISVILLE, Colo. (AP) — Gaiam Inc. (GAIA) on Monday reported a loss of $1.7 million in its second quarter.On a per-share basis, the Louisville, Colorado-based company said it had a loss of 8 cents.The lifestyle media company posted revenue of $19.8 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 GAIA at https://www.zacks.com/ap/GAIASource

Republic Services: Q2 Earnings Snapshot

Published Tue, 05 Nov 2024 14:01:58 GMT

PHOENIX (AP) — PHOENIX (AP) — Republic Services Inc. (RSG) on Monday reported second-quarter net income of $427.4 million.The Phoenix-based company said it had net income of $1.35 per share. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, were $1.41 per share.The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.The waste management company posted revenue of $3.73 billion in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $3.7 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RSG at https://www.zacks.com/ap/RSGSource

Western Digital: Fiscal Q4 Earnings Snapshot

Published Tue, 05 Nov 2024 14:01:58 GMT

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Western Digital Corp. (WDC) on Monday reported a loss of $715 million in its fiscal fourth quarter.On a per-share basis, the San Jose, California-based company said it had a loss of $2.27. Losses, adjusted for one-time gains and costs, came to $1.98 per share.The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $2 per share.The maker of hard drives for businesses and personal computers posted revenue of $2.67 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $2.51 billion.For the year, the company reported a loss of $1.71 billion, or $5.44 per share. Revenue was reported as $12.32 billion.For the current quarter ending in September, Western Digital expects its results to range from a loss of $2.10 per share to a loss of $1.80 per share. Analysts surveyed by Zacks had forecast adjusted earnings per share of $...

Trex: Q2 Earnings Snapshot

Published Tue, 05 Nov 2024 14:01:58 GMT

WINCHESTER, Va. (AP) — WINCHESTER, Va. (AP) — Trex Co. (TREX) on Monday reported second-quarter earnings of $77 million.On a per-share basis, the Winchester, Virginia-based company said it had profit of 71 cents.The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.The maker of fencing and decking products posted revenue of $356.5 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $318.9 million.For the current quarter ending in September, Trex said it expects revenue in the range of $280 million to $290 million.The company expects full-year revenue in the range of $1.04 billion to $1.06 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TREX at https://www.zacks.com/ap/TREXSource

Instructure: Q2 Earnings Snapshot

Published Tue, 05 Nov 2024 14:01:58 GMT

SALT LAKE CITY (AP) — SALT LAKE CITY (AP) — Instructure Holdings Inc. (INST) on Monday reported a loss of $11 million in its second quarter.The Salt Lake City-based company said it had a loss of 8 cents per share. Earnings, adjusted for one-time gains and costs, were 19 cents per share.The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 19 cents per share.The education technology company posted revenue of $131.1 million in the period, which beat Street forecasts. Seven analysts surveyed by Zacks expected $129.1 million.For the current quarter ending in September, Instructure said it expects revenue in the range of $132 million to $133 million.The company expects full-year revenue in the range of $524 million to $528 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INST at h...

Eversource: Q2 Earnings Snapshot

Published Tue, 05 Nov 2024 14:01:58 GMT

SPRINGFIELD, Mass. (AP) — SPRINGFIELD, Mass. (AP) — Eversource Energy (ES) on Monday reported second-quarter earnings of $15.4 million.The Springfield, Massachusetts-based company said it had profit of 4 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, came to $1 per share.The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.The New England power provider posted revenue of $2.63 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $2.88 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ES at https://www.zacks.com/ap/ESSource

Brightly flashing ‘X’ sign removed from the former Twitter’s San Francisco headquarters

Published Tue, 05 Nov 2024 14:01:58 GMT

SAN FRANCISCO (AP) — A brightly flashing “X” sign has been removed from the San Francisco headquarters of the company formerly known as Twitter just days after it was installed.The San Francisco Department of Building Inspection said Monday it received 24 complaints about the unpermitted structure over the weekend, including concerns about its structural safety and illumination. The Elon Musk-owned company, which has been rebranded as X, had removed the Twitter sign and iconic blue bird logo from the building last week. That work was temporarily paused because the company did not have the necessary permits. The city of San Francisco had opened a complaint and launched an investigation into the giant “X” sign that was installed Friday on top of the downtown building as Musk continues his rebrand of the social media platform.Representatives for X did not immediately respond to a message for comment Monday. Source

Cleveland Guardians trade pitcher Aaron Civale to Tampa Bay Rays for prospect

Published Tue, 05 Nov 2024 14:01:58 GMT

CLEVELAND (AP) — The Cleveland Guardians traded starting pitcher Aaron Civale to the Tampa Bay Rays for first base prospect Kyle Manzardo on Monday.The Guardians announced the trade on social media one day before the trade deadline.Civale’s name has been thrown around in trade speculation for weeks, which has coincided with the right-hander pitching as well as he has in several seasons. Civale posted a 1.45 ERA in six July starts.On Sunday, Civale pitched six scoreless innings in a win over the Chicago White Sox to improve to 5-2.The move is a bit surprising from Cleveland’s standpoint since the Guardians are just one-half game out of first place in the AL Central and they have several pitchers, including ace Shane Bieber out with injuries.___AP MLB: https://apnews.com/hub/mlbSource