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Ford posts $1.76B 1Q profit largely on gas-powered vehicles

Published Tue, 05 Nov 2024 12:43:08 GMT

DETROIT (AP) — Ford Motor Co. made $1.76 billion last quarter, swinging into the black from a $3.1 billion net loss for the same period a year ago.Most of the profit came from Ford Blue, the company’s internal-combustion engine vehicle unit, which made $2.62 billion before taxes during the quarter. Ford Pro, the commercial vehicle unit, added $1.37 billion. But Model e, Ford’s electric vehicle unit, lost $722 million before taxes.The Dearborn, Michigan, automaker is seeing its fortunes improve, and reiterated its earlier pretax profit guidance for the full year of $9 billion to $11 billion. Excluding one-time items, Ford made 44 cents per share. That beat Wall Street estimates of 42 cents, according to FactSet.Revenue rose 20% to $41.74 billion, soundly beating the $39.25 billion that analysts expected.Previously Ford said it left $2 billion in profits on the table last year due to production losses from computer chip and parts shortages and high operational costs.“This ...

Another Met Gala in the books, so how did they do on theme?

Published Tue, 05 Nov 2024 12:43:08 GMT

NEW YORK (AP) — In vintage couture and a world of Chanel-inspired camellias. In pearls, chains and black ties, especially those worn by women, the A-list crowd at the Met Gala largely passed muster in embracing Karl Lagerfeld, the man of the evening on fashion’s biggest night. Most. Not all. Over-the-top dressing on the first Monday in May isn’t dead. Misinterpreting or outright ignoring the night’s dress code isn’t buried. But this time around, there was an air of respect, a nod to authenticity “in honor of Karl,” as the fundraising party’s visionary, Anna Wintour, requested.“Because the theme was so specific, it practically demanded elegance, which is why so many looked so good. But what was most surprising was to see how other designers paid homage to the master with riffs on his iconic trademarks,” said Hal Rubenstein, a fashion writer, designer and one of the founding editors of InStyle magazine.Lagerfeld, the man, the photographer, the publisher, the de...

Royals add top prospect Garcia before series against Orioles

Published Tue, 05 Nov 2024 12:43:08 GMT

KANSAS CITY, Mo. (AP) — The Kansas City Royals recalled infielder Maikel Garcia, one of the organization’s top prospects, along with catcher Freddy Fermin on Tuesday before opening a three-game series against the Baltimore Orioles.Franmil Reyes was optioned to Triple-A Omaha and infielder Nicky Lopez was placed on the 10-day injured list.The 23-year-old Garcia appeared in nine games with the Royals last season and had a solid spring but began the year at Omaha, where he was hitting .242 with a homer and 17 RBIs in 24 games. He is primarily a shortstop but has played his last six games at third base, and there’s where he will mostly play with the Royals.“The impression I had in spring training was tremendous,” Royals manager Matt Quatraro said. “Great athlete. Moved all over the field, looked natural wherever he was. He came off a really good winter ball. All of those things were extremely positive.”Fermin, who had his first big league hit April 23 against the Angels, was...

Election denier Jim Marchant to run for Senate in Nevada

Published Tue, 05 Nov 2024 12:43:08 GMT

LAS VEGAS (AP) — Jim Marchant, a Nevada Republican who led a movement of candidates who promoted Donald Trump’s lies of a stolen 2020 election, was set to announce Tuesday that he will run for the U.S. Senate against Democratic incumbent Jacky Rosen in the swing state.Marchant advertised a “special announcement” at a Las Vegas church, where screens displayed “Jim Marchant U.S. Senate Nevada.”The entrance of Marchant, who lost last year’s race for Nevada secretary of state, may be another headache for national Republicans who are trying to prevent a repeat of the midterms, when voters in Nevada and other battleground states rejected candidates who ran on election conspiracies, allowing Democrats to increase their hold on the Senate.Democrats face an even tougher environment to keep their slim majority in 2024. Nevada is likely to be one of the nation’s most competitive Senate races after hosting the closest contest of 2022. Democratic incumbent Catherine Corte...

Mister Car Wash: Q1 Earnings Snapshot

Published Tue, 05 Nov 2024 12:43:08 GMT

TUCSON, Ariz. (AP) — TUCSON, Ariz. (AP) — Mister Car Wash Inc. (MCW) on Tuesday reported first-quarter earnings of $21.1 million.The Tucson, Arizona-based company said it had net income of 6 cents per share. Earnings, adjusted for one-time gains and costs, were 8 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 9 cents per share.The car wash operator posted revenue of $226 million in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $231.6 million.Mister Car Wash expects full-year earnings in the range of 30 cents to 35 cents per share, with revenue in the range of $925 million to $960 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCW at https://www.zacks.com/ap/MCWSource

Franco-Nevada: Q1 Earnings Snapshot

Published Tue, 05 Nov 2024 12:43:08 GMT

TORONTO (AP) — TORONTO (AP) — Franco-Nevada Corp. (FNV) on Tuesday reported first-quarter net income of $156.5 million.On a per-share basis, the Toronto-based company said it had profit of 81 cents. Earnings, adjusted for non-recurring gains, were 79 cents per share.The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.The precious metals streaming and royalty company posted revenue of $276.3 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 FNV at https://www.zacks.com/ap/FNVSource

Ashford: Q1 Earnings Snapshot

Published Tue, 05 Nov 2024 12:43:08 GMT

DALLAS (AP) — DALLAS (AP) — Ashford Inc. (AINC) on Tuesday reported first-quarter net income of $1.3 million, after reporting a loss in the same period a year earlier.On a per-share basis, the Dallas-based company said it had profit of $2.59. Earnings, adjusted for non-recurring costs and stock option expense, came to $1.67 per share.The asset management company serving the hospitality industry posted revenue of $185.1 million in the period.Ashford shares have decreased 26% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.34, a decrease of 20% 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 AINC at https://www.zacks.com/ap/AINCSource

Caught on camera: Thieves use rope to pull ATM out of bar

Published Tue, 05 Nov 2024 12:43:08 GMT

DENVER (KDVR) -- Early Tuesday morning near Bayaud and Pennsylvania, three thieves used a truck and rope to pull a bolted-down ATM outside of Spot Bar and Grill. “It's just violating,” Meagan Maly, the bar's general manager, said. The whole thing was caught on camera. The video shows one of the suspects breaking the glass door to get into the bar. The thief never hit the lock on the door, which Maly said is why the alarm wasn't originally triggered.The suspect inside went straight to the ATM and attempted to pick it up before appearing to realize the ATM was bolted to the ground. Maly said while that was happening, a red truck backed up onto the curb just outside the front door and another suspect brings a rope inside. Colorado is dropping in US News and World Report’s best states rankings "He put a little lasso on our ATM and hooked up to the truck and pulled it right out through our door, breaking the door," Maly said.From there the video shows the suspects dragging out the AT...

Denver weather: Highest storm chance on Thursday

Published Tue, 05 Nov 2024 12:43:08 GMT

DENVER (KDVR) — Denver's weather will stay unsettled this week with storm chances each afternoon. High temperatures will stay in the 70s for at least the next seven days. Weather tonight: Isolated showersThere will be a few isolated showers that will stay mostly in the higher elevations west of Denver. Some valleys could get warm enough to see lightning. Showers will wrap up late Tuesday evening. Denver will have a 10% chance of an isolated shower or storm Tuesday night. Overnight low temperatures in Denver will fall into the mid-40s. Floods reported along I-70 near Hanging Lake exit Weather tomorrow: Mild, mostly dryWednesday will be mostly dry with a high temperature in the upper 70s. The Front Range will only have a 10% chance for an isolated storm meaning that most places will stay dry. Looking ahead: Scattered storms ThursdayTemperatures will hit the low 70s on Thursday with scattered showers and storms. This will carry the highest storm chance of the week in Denver. St...

CDOT using explosives to trigger avalanches ahead of Independence Pass reopening

Published Tue, 05 Nov 2024 12:43:08 GMT

TWIN LAKES, Colo. (KDVR) — Colorado Department of Transportation is using explosives to help clear snow from Independence Pass ahead of its scheduled reopening at the end of May.  On Tuesday, CDOT and the Colorado Avalanche Information Center, CAIC, paired up for the annual avalanche mitigation effort on the stretch of Highway 83 that connects Twin Lakes and Aspen. The pass is closed each winter due to multiple factors, including the risk of large avalanches. “The road runs through the track of the path so it doesn’t take a whole lot of snow rolling down the hill to hit that road,” CAIC Director Ethan Greene said.  Cities with the worst commute in Colorado The team uses a helicopter loaded with explosive devices dubbed “turkey bombs” that are dropped on steep slopes above the pass. CDOT says the explosives are much more powerful than they typically use for avalanche mitigation.“We’re putting anywhere from 22 to 30 pounds of explosive payload per shot,” CDOT’s statewide Avalanche C...