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Axcelis: Q3 Earnings Snapshot

Published Wed, 27 Nov 2024 10:38:39 GMT

BEVERLY, Mass. (AP) — BEVERLY, Mass. (AP) — Axcelis Technologies Inc. (ACLS) on Wednesday reported third-quarter profit of $65.9 million.The Beverly, Massachusetts-based company said it had profit of $1.99 per share.The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share.The semiconductor services company posted revenue of $292.3 million in the period.For the current quarter ending in December, Axcelis said it expects revenue in the range of $295 million.The company expects full-year revenue of $1.1 billion.Axcelis shares have increased 61% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $127.50, more than doubling 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 ACLS at https://www.zacks.com/ap/ACLSSource

C.H. Robinson: Q3 Earnings Snapshot

Published Wed, 27 Nov 2024 10:38:39 GMT

EDEN PRAIRIE, Minn. (AP) — EDEN PRAIRIE, Minn. (AP) — C.H. Robinson Worldwide Inc. (CHRW) on Wednesday reported third-quarter profit of $81.9 million.On a per-share basis, the Eden Prairie, Minnesota-based company said it had profit of 68 cents. Earnings, adjusted for restructuring costs, came to 84 cents per share.The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share.The trucking company posted revenue of $4.34 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $4.37 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHRW at https://www.zacks.com/ap/CHRWSource

Northern Oil and Gas: Q3 Earnings Snapshot

Published Wed, 27 Nov 2024 10:38:39 GMT

MINNETONKA, Minn. (AP) — MINNETONKA, Minn. (AP) — Northern Oil and Gas Inc. (NOG) on Wednesday reported third-quarter earnings of $26.1 million.On a per-share basis, the Minnetonka, Minnesota-based company said it had net income of 28 cents. Earnings, adjusted for non-recurring costs, came to $1.73 per share.The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.The independent oil and gas company posted revenue of $314 million in the period. Its adjusted revenue was $511.7 million, beating Street forecasts. Seven analysts surveyed by Zacks expected $504 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOG at https://www.zacks.com/ap/NOGSource

Revolve Group: Q3 Earnings Snapshot

Published Wed, 27 Nov 2024 10:38:39 GMT

CERRITOS, Calif. (AP) — CERRITOS, Calif. (AP) — Revolve Group Inc. (RVLV) on Wednesday reported third-quarter net income of $3.2 million.On a per-share basis, the Cerritos, California-based company said it had net income of 4 cents.The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.The online women’s fashion retailer posted revenue of $257.6 million in the period, which beat Street forecasts. Nine analysts surveyed by Zacks expected $255.1 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RVLV at https://www.zacks.com/ap/RVLVSource

Coldest night of the season — by far — expected Wednesday in DC region

Published Wed, 27 Nov 2024 10:38:39 GMT

Don’t let the leftover Halloween décor fool you. It may only be Nov. 1, but Wednesday night is expected to bring an early taste of winter, with the coldest temperatures of the season so far prompting a freeze warning in the D.C. area.Wednesday was already shaping up to be the coolest day this week with temperatures forecast to be in the 30s to 40s during the evening hours and wind gusts up to 30 mph. Highs during the day only reached around 50 degrees — far below the average high for this time of year of 62 degrees.“Don’t be fooled by the sunshine this afternoon. Even though we’ll see a lot of it, it is going to be very very chilly,” said 7 News First Alert Meteorologist Steve Rudin.After dark, lows are expected to dip into the 20s and 30s making it easily the coldest night of the season so far and winds will calm down to 2-5 mph.That chill has prompted the National Weather Service to issue a freeze warning for the D.C. area for effect Thursday morning ...

DC Council works on cracking down on consequences for convicted drunken drivers

Published Wed, 27 Nov 2024 10:38:39 GMT

During a hearing Wednesday morning on new bills aimed at cracking down on dangerous driving, the D.C. Council expressed concern over a lack of enforcement of a current law to prevent drunken driving.As council members were preparing for a hearing on four proposed bills to keep dangerous drivers off District streets, it was discovered that only eight D.C. residents convicted of driving under the influence have interlocking devices on their vehicles.The other 335 people who are required to have them to drive, do not have them installed.“Three-hundred and thirty-five people fell through the cracks here,” said D.C. Council member Charles Allen.D.C. made the Breathalyzer ignition program mandatory for drunken driving offenses last year in order to get a reinstated license. The driver must blow into the device and if their breath alcohol level is at 0.020 or above, the vehicle will not start.“We’ve got to crack down on this a lot harder and a lot faster, with a muc...

Sunrun: Q3 Earnings Snapshot

Published Wed, 27 Nov 2024 10:38:39 GMT

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Sunrun Inc. (RUN) on Wednesday reported a loss of $1.07 billion in its third quarter.The San Francisco-based company said it had a loss of $4.92 per share. Earnings, adjusted for asset impairment costs, were 40 cents per share.The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.The solar energy products distributor posted revenue of $563.2 million in the period, also surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $559.7 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RUN at https://www.zacks.com/ap/RUNSource

DoorDash orders surge 24% in the third quarter, helping the company narrow its losses

Published Wed, 27 Nov 2024 10:38:39 GMT

DoorDash on Wednesday reported better-than-expected sales in the third quarter as it gained users and they ordered more frequently.The San Francisco delivery company said its total orders grew 24% to 543 million in the July-September period compared to the same period a year earlier. That was well above the 521 million orders Wall Street had forecast, according to analysts polled by FactSet.DoorDash said revenue jumped 27% to $2.16 billion, also ahead of the $2.09 billion analysts were expecting.DoorDash shares jumped more than 7% in after-hours trading.The company said its monthly active users — or customers who have placed at least one order in the past month – increased at double-digit percentage rates in September, with strong demand from both the U.S. and international markets. Growth in order frequency also accelerated from the second quarter, the company said.It is also gaining subscribers to its DashPass and Wolt+ subscription programs, which provide free deliveries on many ...

Edison International: Q3 Earnings Snapshot

Published Wed, 27 Nov 2024 10:38:39 GMT

ROSEMEAD, Calif. (AP) — ROSEMEAD, Calif. (AP) — Edison International (EIX) on Wednesday reported third-quarter profit of $212 million.On a per-share basis, the Rosemead, California-based company said it had net income of 40 cents. Earnings, adjusted for non-recurring costs, were $1.38 per share.The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.The electric power provider posted revenue of $4.7 billion in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $5.39 billion.Edison International expects full-year earnings in the range of $4.55 to $4.85 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 EIX at https://www.zacks.com/ap/EIXSource

Catcher Luke Maile guaranteed $3.5 million from contract with Cincinnati Reds

Published Wed, 27 Nov 2024 10:38:39 GMT

CINCINNATI (AP) — Catcher Luke Maile is guaranteed $3.5 million under his one-year contract with the Cincinnati Reds, which prevents him from becoming a free agent after the World Series.Maile gets $3 million next year, and the Reds have a $3.5 million option for 2025 with a $500,000 buyout under the deal announced Oct. 19.The 32-year-old hit .235 with six homers and 25 RBIs in 74 games this year as a backup to Tyler Stephenson.Maile has a .212 career average with 19 homers and 105 RBIs for Tampa Bay (2015-16), Toronto (2017-19), Milwaukee (2021) and Cleveland (2022), He missed the pandemic-shortened 2020 season after breaking his right index finger.Source