Author: Press Room
Check out the companies making headlines in after-hours trading: Netflix — The streaming stock popped more than 4% after third-quarter earnings topped expectations. Netflix earned $5.40 per share on $9.83 billion in revenue, while analysts forecast $5.12 a share and $9.77 billion in revenue. The company also said its ad-tier memberships jumped 35% quarter over quarter. Intuitive Surgical — Shares jumped about 5% after the maker of the da Vinci surgical robot posted better-than-expected third-quarter results. Intuitive Surgical earned $1.84 per share on $2.04 billion in revenue. Analysts surveyed by LSEG had estimated earnings of $1.63 per share on $2…
Losses from Hurricane Milton could reach as high as $34 billion, according to an early estimate of both flood and wind damage from research firm CoreLogic, with between $4 billion to $6 billion of those losses being uninsured flood damage. And that is only an estimate of losses caused directly by the hurricane itself, and it doesn’t include any damage from at least nine tornados that accompanied the storm. The storm is believed to be responsible for at least 24 deaths across Florida. Still, despite the destruction and tens of billions of losses, the damage could have been worse, according…
Alcoa Corporation (NYSE:AA) Q3 2024 Earnings Conference Call October 16, 2024 5:00 PM ET Company Participants Louis Langlois – SVP, Treasury & Capital MarketsWilliam Oplinger – President & CEOMolly Beerman – EVP & CFO Conference Call Participants Timna Tanners – Wolfe ResearchChristopher LaFemina – JefferiesLucas Pipes – B. Riley SecuritiesWilliam Peterson – JPMorganMichael Dudas – Vertical ResearchKatja Jancic – BMO Capital MarketsJohn Tumazos – John Tumazos Very Independent ResearchCarlos De Alba – Morgan StanleyLachlan Shaw – UBS Operator Good afternoon, and welcome to the Alcoa Corporation Third Quarter 2024 Earnings Presentation and Conference Call. All participants will be in listen-only…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Gambling hub Macau has rolled the dice on a Beijing-backed former top judge as its new leader, in a move that analysts said could intensify Chinese authorities’ push for the former Portuguese colony to diversify its economy away from the gaming sector.Beijing- and Portugal-educated Sam Hou Fai will take office in December after being elected unopposed on Sunday, with 394 votes from a 400-member selection committee mostly comprising pro-Beijing politicians and businesspeople and representing less than 1 per cent of Macau’s population.Outgoing…
He made a documentary about the January 6 Capitol riot. He is worried we may be headed there again CNN’s Erin Burnett talks to documentary filmmaker Nick Quested, who made a documentary examining the 64 days between the 2020 election and the January 6 Capitol riot, about the rhetoric around the 2024 election and his concerns about the transfer of power in 2025. Read the full article here
The Medicare Prescription Payment Plan (MPPP, M3P or MP3) will take effect January 1, 2025. It will allow those who have Part D prescription drug coverage to spread the costs out over the year, instead of paying all at once. As with anything that is brand-new, this plan can be confusing. Because drug plan enrollees need to decide whether or not to enroll (participation is voluntary), getting a handle on how it will work is very important. The Medicare Plan Finder has a link on the plan details page to show what each enrollee’s drug costs would be with and…
Billionaire investor Stanley Druckenmiller said on Wednesday that his decision to sell out of Nvidia this year was a “big mistake.””I’ve made so many mistakes in my investment career — one of them was I sold all my Nvidia probably somewhere between $800 and $950,” Druckenmiller said in an interview on Bloomberg. “I own none and I owned none the last 400 points.”Druckenmiller’s comments do not reflect Nvidia’s 10-for-1 stock split, which went into effect in June. The stock closed Wednesday at $135.72. On a split-adjusted basis, his sales would have taken place at between $80 and $95.Nvidia has been…
Check out the companies making headlines in extended trading: Discover Financial — Shares inched lower by 1%. The financial services company posted third-quarter results that surpassed expectations, with earnings of $3.69 per share on $4.45 billion of revenue. Analysts polled by LSEG were calling for earnings of $3.42 per share and revenue of $4.35 billion. CSX — The rail transportation company lost 4% after third-quarter results fell short of Wall Street’s forecasts. CSX reported earnings of 46 cents per share on revenue of $3.62 billion, while analysts polled by LSEG anticipated 48 cents per share in earnings and revenue of…
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J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Q3 2024 Earnings Conference Call October 15, 2024 5:00 PM ET Company Participants Brad Delco – SVP of FinanceShelley Simpson – President and CEOJohn Kuhlow – CFOSpencer Frazier – EVP of Sales and MarketingNick Hobbs – COO and President, Contract ServicesDarren Field – President, IntermodalBrad Hicks – President, Highway Services and EVP of People Conference Call Participants Ken Hoexter – Bank of AmericaBrian Ossenbeck – JPMorganJon Chappell – Evercore ISIJordan Alliger – Goldman SachsDaniel Imbro – Stephens, Inc.Scott Group – Wolfe ResearchRavi Shanker – Morgan StanleyTom Wadewitz – UBSChris Wetherbee – Wells FargoDavid Zazula…
