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Malibu Boats: Fiscal Q3 Earnings Snapshot

Published Mon, 11 Nov 2024 08:53:56 GMT

LOUDON, Tenn. (AP) — LOUDON, Tenn. (AP) — Malibu Boats Inc. (MBUU) on Wednesday reported fiscal third-quarter profit of $51.9 million.On a per-share basis, the Loudon, Tennessee-based company said it had net income of $2.51. Earnings, adjusted for stock option expense and non-recurring costs, were $2.59 per share.The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.37 per share.The maker of performance sports boats posted revenue of $375.1 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $345.2 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBUU at https://www.zacks.com/ap/MBUUSource

McDonald’s franchisee employed 10-year-olds, US Labor Department says

Published Mon, 11 Nov 2024 08:53:56 GMT

A McDonald’s franchisee in Kentucky employed two 10-year-old children in violation of federal labor laws, the Department of Labor said Tuesday.Bauer Food, LLC, a Louisville-based operator of 10 McDonald’s franchise locations across two states, employed the children, the DOL said in a news release.Officials said the children were not paid, yet sometimes worked as late as 2 a.m. and they “prepared and distributed food orders, cleaned the store, worked at the drive-thru window and operated a register.” Investigators learned that “one of the two children was allowed to operate a deep fryer, a prohibited task for workers under 16 years old.”Bauer Food franchise owner Sean Bauer told CBS News that the children were visiting their parent, who works as a night manager. He said the kids were not approved to be in that part of restaurant by franchisee organization management and that any work the children did was at the direction of, and in the presence of,...

Neurocrine: Q1 Earnings Snapshot

Published Mon, 11 Nov 2024 08:53:56 GMT

SAN DIEGO (AP) — SAN DIEGO (AP) — Neurocrine Biosciences Inc. (NBIX) on Wednesday reported a loss of $76.6 million in its first quarter.On a per-share basis, the San Diego-based company said it had a loss of 79 cents.The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.The biopharmaceutical company posted revenue of $420.4 million in the period, exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $413 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NBIX at https://www.zacks.com/ap/NBIXSource

Horizon Therapeutics: Q1 Earnings Snapshot

Published Mon, 11 Nov 2024 08:53:56 GMT

DUBLIN (AP) — DUBLIN (AP) — Horizon Therapeutics Public Limited Company (HZNP) on Wednesday reported first-quarter profit of $54.7 million.On a per-share basis, the Dublin-based company said it had profit of 23 cents. Earnings, adjusted for non-recurring costs, were 83 cents per share.The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.The drugmaker posted revenue of $832.1 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $896.2 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HZNP at https://www.zacks.com/ap/HZNPSource

Phillips 66: Q1 Earnings Snapshot

Published Mon, 11 Nov 2024 08:53:56 GMT

HOUSTON (AP) — HOUSTON (AP) — Phillips 66 (PSX) on Wednesday reported first-quarter net income of $1.96 billion.On a per-share basis, the Houston-based company said it had net income of $4.20. Earnings, adjusted for non-recurring costs, came to $4.21 per share.The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.58 per share.The oil refiner posted revenue of $35.09 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $29.76 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PSX at https://www.zacks.com/ap/PSXSource

Verisk: Q1 Earnings Snapshot

Published Mon, 11 Nov 2024 08:53:56 GMT

JERSEY CITY, N.J. (AP) — JERSEY CITY, N.J. (AP) — Verisk Analytics Inc. (VRSK) on Wednesday reported first-quarter net income of $56.3 million.On a per-share basis, the Jersey City, New Jersey-based company said it had profit of 37 cents. Earnings, adjusted for one-time gains and costs, were $1.29 per share.The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.The insurance data provider posted revenue of $651.6 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $631.9 million.Verisk expects full-year earnings in the range of $5.20 to $5.50 per share, with revenue in the range of $2.59 billion to $2.63 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRSK at https://www.zacks.com/ap/VRSKSource

HanesBrands: Q1 Earnings Snapshot

Published Mon, 11 Nov 2024 08:53:56 GMT

WINSTON-SALEM, N.C. (AP) — WINSTON-SALEM, N.C. (AP) — HanesBrands Inc. (HBI) on Wednesday reported a loss of $34.4 million in its first quarter.The Winston-Salem, North Carolina-based company said it had a loss of 10 cents per share. Losses, adjusted for non-recurring costs, came to 6 cents per share.The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 6 cents per share.The underwear, T-shirt and sock maker posted revenue of $1.39 billion in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.38 billion.For the current quarter ending in June, HanesBrands said it expects revenue in the range of $1.42 billion to $1.47 billion.The company expects full-year earnings in the range of 31 cents to 42 cents per share, with revenue ranging from $6.05 billion to $6.2 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using da...

Denver metro home prices continue rising

Published Mon, 11 Nov 2024 08:53:56 GMT

DENVER (KDVR) — Spring has sprung, and with it the return of record Denver metro housing prices. Denver metro home prices have reached levels approaching their record highs from 2022 before the Federal Reserve's series of interest rate hikes cooled off rising prices. The Denver Metro Association of Realtor's May housing report shows a rebound in some of the market signs from last summer. Typically, homes get scarcer and more expensive in the spring as more buyers look to purchase. Colorado is dropping in US News and World Report’s best states rankings Buyers had been rushing to purchase Denver area and Colorado real estate during the COVID pandemic's national housing space race. In April 2022, the median sales price of a Denver metro detached single-family home grew to $680,000. This April, the median single-family home price was $640,000, which is around the listing price from last July and August. Prices had been falling since April 2022, dropping to $595,000 by January. Since ...

Planning a trip to RMNP? You won't need cash

Published Mon, 11 Nov 2024 08:53:56 GMT

DENVER (KDVR) -- If you are planning your summer adventures, changes are on the way next month to Rocky Mountain National Park.The National Park Service said that starting on June 1, RMNP will transition to a fully cashless fee system. When that happens, the park will only accept mobile or electronic payments for entrance and permit fees. Hiking at Rocky Mountain National Park? There’s a shuttle for that If you are visiting and are only able to pay with cash, you may buy a prepaid pass from the Rocky Mountain Conservancy Nature Store at the Beaver Meadows, Fall River, or Kawuneeche Visitor centers."The move to a cashless system allows parks to be better stewards of visitor dollars by reducing the amount of time park staff spend managing cash, increasing the amount of fee revenue available to support critical projects and visitor services, and improving accountability and reducing risk," RMNP said in a statement.Hiker ShuttleAnother change coming to RMNP is the Hiker Shuttle, which...

Police searching for shooter after man found with gunshot wound in Miami Gardens

Published Mon, 11 Nov 2024 08:53:56 GMT

The Miami Gardens Police Department is searching for a shooter after they found a man shot in a neighborhood.Officials said the man was found with a gunshot wound in the area of Northwest 38th Avenue and 208th Street, Tuesday night.He was airlifted to Jackson Memorial Hospital, but his condition was unknown.