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Eaton: Q1 Earnings Snapshot

Published Mon, 16 Dec 2024 18:45:28 GMT

DUBLIN (AP) — DUBLIN (AP) — Eaton Corp. PLC (ETN) on Tuesday reported first-quarter profit of $638 million.The Dublin-based company said it had profit of $1.59 per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, came to $1.88 per share.The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.The power management company posted revenue of $5.48 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $5.23 billion.For the current quarter ending in June, Eaton expects its per-share earnings to range from $2.04 to $2.14. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.06.The company expects full-year earnings in the range of $8.30 to $8.50 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research....

Restaurant Brands: Q1 Earnings Snapshot

Published Mon, 16 Dec 2024 18:45:28 GMT

TORONTO (AP) — TORONTO (AP) — Restaurant Brands International (QSR) on Tuesday reported first-quarter profit of $189 million.The Toronto-based company said it had net income of 61 cents per share. Earnings, adjusted for non-recurring costs, came to 75 cents per share.The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.The operator of Burger King and Tim Hortons restaurant chains posted revenue of $1.59 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $1.55 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QSR at https://www.zacks.com/ap/QSRSource

Zimmer: Q1 Earnings Snapshot

Published Mon, 16 Dec 2024 18:45:28 GMT

WARSAW, Ind. (AP) — WARSAW, Ind. (AP) — Zimmer Biomet Holdings Inc. (ZBH) on Tuesday reported first-quarter net income of $232.5 million.The Warsaw, Indiana-based company said it had net income of $1.11 per share. Earnings, adjusted for amortization costs and restructuring costs, came to $1.89 per share.The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.The orthopedic device maker posted revenue of $1.83 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $1.7 billion.Zimmer expects full-year earnings in the range of $7.40 to $7.50 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 ZBH at https://www.zacks.com/ap/ZBHSource

Thomson Reuters: Q1 Earnings Snapshot

Published Mon, 16 Dec 2024 18:45:28 GMT

TORONTO (AP) — TORONTO (AP) — Thomson Reuters Corp. (TRI) on Tuesday reported first-quarter profit of $756 million.On a per-share basis, the Toronto-based company said it had net income of $1.59. Earnings, adjusted for non-recurring gains and to account for discontinued operations, came to 82 cents per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.The news and financial information company posted revenue of $1.74 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 TRI at https://www.zacks.com/ap/TRISource

Graphic Packaging: Q1 Earnings Snapshot

Published Mon, 16 Dec 2024 18:45:28 GMT

ATLANTA (AP) — ATLANTA (AP) — Graphic Packaging Holding Co. (GPK) on Tuesday reported first-quarter net income of $207 million.The Atlanta-based company said it had profit of 67 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were 77 cents per share.The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.The packaging company posted revenue of $2.44 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $2.39 billion.Graphic Packaging expects full-year earnings in the range of $2.70 to $3.10 per share, with revenue expected to be $10 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPK at https://www.zacks.com/ap/GPKSource

Más alto que la Torre Eiffel: India construye el puente ferroviario más alto del mundo en Cachemira

Published Mon, 16 Dec 2024 18:45:28 GMT

(CNN) — India tiene ahora el puente ferroviario más alto del mundo, unos 35 metros más alto que la Torre Eiffel. Se trata del puente Chenab, que está a 359 metros sobre el río Chenab en la controvertida región de Jammu y Cachemira en la India.Después de décadas de construcción, el puente en el norte de la India estará abierto a los visitantes a fines de diciembre de 2023 o enero de 2024, dijo el Ministerio de Ferrocarriles en un comunicado en marzo.El puente de 1.315 metros de largo es parte de un proyecto más amplio para hacer que el valle de Cachemira sea accesible a través de la red ferroviaria india. Además del puente Chenab, el proyecto del enlace ferroviario Udhampur-Srinagar-Baramulla (USBRL) incluye lo que se convertirá en el túnel de transporte más largo del país y el primer puente de cable de Indian Railways.Para el primer ministro de la India, Narendra Modi, quien llegó al poder en 2014 con una promesa de nacionalismo y de grandeza futura, las inversiones en infraes...

Giant opening new distribution facility near Manassas; company pledges same-day delivery throughout region

Published Mon, 16 Dec 2024 18:45:28 GMT

Giant will open its grocery delivery facility outside Manassas next week. (Courtesy InsideNoVa)This article was written by WTOP’s news partner InsideNoVa.com and republished with permission. Sign up for InsideNoVa.com’s free email subscription today.Giant is gearing up to ship grocery orders all over Northern Virginia.The supermarket chain’s new 80,000-square-foot distribution center just outside the Manassas city limits is preparing for its grand opening next week, at which point it will start shipping grocery deliveries to homes throughout the region.The distribution facility — the latest to open in the Cushing Road light industrial complex opened by Matan in 2021 — soon will have about 200 people working in it, according to a company spokesperson, and it will make about 10,000 grocery deliveries per week.“The reason [for opening the center] is to have same-day delivery for Virginia customers so they can order their groceries within three hours, and have beer and wine available, w...

Logitech: Fiscal Q4 Earnings Snapshot

Published Mon, 16 Dec 2024 18:45:28 GMT

LAUSANNE, Switzerland (AP) — LAUSANNE, Switzerland (AP) — Logitech International SA (LOGI) on Monday reported fiscal fourth-quarter profit of $41.5 million.On a per-share basis, the Lausanne, Switzerland-based company said it had net income of 26 cents. Earnings, adjusted for one-time gains and costs, were 50 cents per share.The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.The maker of keyboards, webcams and other computer accessories posted revenue of $960.1 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $895.1 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LOGI at https://www.zacks.com/ap/LOGISource

Enterprise Products: Q1 Earnings Snapshot

Published Mon, 16 Dec 2024 18:45:28 GMT

HOUSTON (AP) — HOUSTON (AP) — Enterprise Products Partners L.P. (EPD) on Tuesday reported first-quarter profit of $1.39 billion.On a per-share basis, the Houston-based company said it had profit of 63 cents. Earnings, adjusted for asset impairment costs, were 64 cents per share.The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.The provider of midstream energy services posted revenue of $12.44 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $14.06 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EPD at https://www.zacks.com/ap/EPDSource

Lyft’s new CEO tackles a job requiring some heavy lifting

Published Mon, 16 Dec 2024 18:45:28 GMT

SAN FRANCISCO (AP) — Even before he joined Lyft’s board in 2021, David Risher had taken hundreds of trips as a passenger so he felt like he knew a lot about the ride-hailing service. But he never expected to be thrust into the driver’s seat at a time when Lyft was running like a jalopy. “I really was gobsmacked,” Risher said during an interview with The Associated Press as he recalled being recently asked to replace Lyft co-founder Logan Green as CEO.Risher quickly shook off his initial shock and is now making an effort to reverse the San Francisco company’s mounting losses and sagging stock price. Just days after taking over as CEO, Risher came up with a restructuring plan that includes laying off nearly 1,100 employees whose job losses could help him attain stock price incentives potentially worth nearly $1 billion.Like any mass layoff, the payroll purge will uproot the lives of those suddenly out of a job while sowing uncertainty among Lyft’s remaining 3,0...