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Madrigal: Q2 Earnings Snapshot

Published Fri, 01 Nov 2024 20:29:26 GMT

WEST CONSHOHOCKEN, Pa. (AP) — WEST CONSHOHOCKEN, Pa. (AP) — Madrigal Pharmaceuticals Inc. (MDGL) on Tuesday reported a loss of $85.8 million in its second quarter.On a per-share basis, the West Conshohocken, Pennsylvania-based company said it had a loss of $4.69.The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $4.47 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 MDGL at https://www.zacks.com/ap/MDGLSource

Core Molding Technologies: Q2 Earnings Snapshot

Published Fri, 01 Nov 2024 20:29:26 GMT

COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Core Molding Technologies Inc. (CMT) on Tuesday reported net income of $7.9 million in its second quarter.The Columbus, Ohio-based company said it had net income of 91 cents per share.The maker of fiber reinforced plastics posted revenue of $97.7 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 CMT at https://www.zacks.com/ap/CMTSource

The right plants and some TLC can help your garden get through the heat

Published Fri, 01 Nov 2024 20:29:26 GMT

With record-breaking heat striking many places across the country and around the world, my social media feeds are filling up with gardeners’ laments – and photos of their fallen annuals and perennials.Although my tomatoes in suburban New York have been stalled at green for the past few weeks, my flower garden is thriving. This despite having to endure 100-degree temperatures, mainly without supplemental irrigation (I’ve watered my flower beds and borders just twice this summer, and even then, only as a precaution).But I’m not doing anything special to turn my plants into superheroes. All I did was select the right ones at planting time – and plant them with TLC.CHOOSING HEAT-TOLERANT PLANTSIn extreme heat, especially when that heat is dry, soil moisture evaporates quickly, and plants turn to their own limited moisture reserves to rehydrate. This requires them to direct their energy, which should be spent on growth, flowering, fruiting and reproducing, toward cooling and hydrating. T...

UPS lowers 2023 revenue outlook citing labor deal with 340,000 unionized workers, falling volume

Published Fri, 01 Nov 2024 20:29:26 GMT

Revenue declined at UPS in the second quarter and the package delivery company lowered its full-year revenue expectations by $4 billion as package volumes decline, and after reaching a tentative labor contract reached late last month with its 340,000 unionized workers.Package volume has been in decline for all shippers and fell significantly for UPS during the quarter. Shares for the Atlanta company slid about 5% before the opening bell Tuesday. Domestic revenue slid 6.9% during the quarter as average daily package volume fell 9.9%. The company offset that decline somewhat, however, booking a 3.3% increase in revenue per piece.UPS reached a tentative deal with the International Brotherhood of Teamsters, potentially averting a strike that threatened to disrupt package deliveries for millions of businesses and households nationwide.Under the agreement, which still needs to be approved by union members, full- and part-time union workers will get $2.75 more per hour in 2023, and $7.50 m...

Dish: Q2 Earnings Snapshot

Published Fri, 01 Nov 2024 20:29:26 GMT

ENGLEWOOD, Colo. (AP) — ENGLEWOOD, Colo. (AP) — Dish Network Corp. (DISH) on Tuesday reported second-quarter net income of $200.3 million.On a per-share basis, the Englewood, Colorado-based company said it had profit of 31 cents.The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.The satellite television provider posted revenue of $3.91 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $3.92 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DISH at https://www.zacks.com/ap/DISHSource

Medical Properties: Q2 Earnings Snapshot

Published Fri, 01 Nov 2024 20:29:26 GMT

BIRMINGHAM, Ala. (AP) — BIRMINGHAM, Ala. (AP) — Medical Properties Trust Inc. (MPW) on Tuesday reported a key measure of profitability in its second quarter. The results surpassed Wall Street expectations.The Birmingham, Alabama-based real estate investment trust said it had funds from operations of $285.3 million, or 48 cents per share, in the period.The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 38 cents per share.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had a loss of $42 million, or 7 cents per share.The health care real estate investment trust, based in Birmingham, Alabama, posted revenue of $337.4 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $352.8 million.Medical Properties expects full-year funds from operations in the range of $1.53 to $1.57 ...

Expeditors International: Q2 Earnings Snapshot

Published Fri, 01 Nov 2024 20:29:26 GMT

SEATTLE (AP) — SEATTLE (AP) — Expeditors International of Washington Inc. (EXPD) on Tuesday reported second-quarter earnings of $196.8 million.On a per-share basis, the Seattle-based company said it had net income of $1.30.The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.The logistics services provider posted revenue of $2.24 billion 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 EXPD at https://www.zacks.com/ap/EXPDSource

L.B. Foster: Q2 Earnings Snapshot

Published Fri, 01 Nov 2024 20:29:26 GMT

PITTSBURGH (AP) — PITTSBURGH (AP) — L.B. Foster Co. (FSTR) on Tuesday reported earnings of $3.5 million in its second quarter.The Pittsburgh-based company said it had profit of 32 cents per share.The railroad track manufacturer posted revenue of $148 million in the period.L.B. Foster expects full-year revenue in the range of $520 million to $550 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSTR at https://www.zacks.com/ap/FSTRSource

Going 45 in a school zone is cause for jail time

Published Fri, 01 Nov 2024 20:29:26 GMT

DENVER (KDVR) — Summer is over for some districts and school is back in session. The default speed limit in Denver changed from 25 to 20 mph earlier this year, and school zones are even slower with twice the fine if you get pulled over. School traffic safety Most school zone speed limits range from a minimum of 20 mph during school hours, which is usually around 7 a.m. to 4 p.m. While this isn't much of a change from Denver's new speed limit, the penalty for breaking the limit is doubled in school zones, which can be easy to do on main roads. Fines for speeding 1 mph to 24 mph over the speed limit vary from $35-$200. However, driving anything over 25 mph has a minimum sentence of 10 days in jail and a maximum sentence of one year. And that's for non-school zone areas. What are the rules on student seclusion in Colorado schools? Going 25 mph over the speed limit in a school zone seems impossible, but there are almost 200 public schools in Denver, and many of them are on main ro...

Lakewood votes on controversial growth cap

Published Fri, 01 Nov 2024 20:29:26 GMT

LAKEWOOD, Colo. (KDVR) — Lakewood City Council has voted to put the brakes on housing and development in the city, at least for a while.On Monday, city council members passed an emergency ordinance that will limit new housing and residential units from being built. Members approved the measure by an 8-3 vote.The city’s growth plan comes as a new state law, HB23-1255, forbids cities from enforcing anti-growth policies. The law was signed by Gov. Jared Polis in early June.    21-and-up gun law blocked in federal court Voters approved a strategic growth plan for the city in 2019. Supporters believe controlling growth can control housing costs and keep families from leaving Lakewood.Moves to block growth are not new in Colorado, Boulder and Golden have had similar laws on the books.The Lakewood anti-growth measure will remain in effect until 2026.