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Phillips 66: Q1 Earnings Snapshot

Published Mon, 16 Dec 2024 11:30:03 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, 16 Dec 2024 11:30:03 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, 16 Dec 2024 11:30:03 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, 16 Dec 2024 11:30:03 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, 16 Dec 2024 11:30:03 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, 16 Dec 2024 11:30:03 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.

Kremlin claims Ukraine tried to kill Putin in Moscow drone attack

Published Mon, 16 Dec 2024 11:30:03 GMT

Russia says it foiled a Ukrainian-backed plot to target President Vladimir Putin’s official residence with overnight drone strikes, the Kremlin’s press service said Wednesday.“We consider these actions to be a planned terrorist attack and attempt on the life of the President,” the statement said, adding that Putin was “not injured [and] the schedule of his work has not changed.”The Kremlin did not give any evidence that Ukraine had carried out the attack and POLITICO was unable to independently verify the claims.“The Russian side reserves the right to take retaliatory measures where and when it sees fit,” Putin’s office said, adding that two drones headed toward the Kremlin had been destroyed by the Russian military and special services.Ukrainian authorities have not publicly reacted to the news.A series of unverified videos has since been published online purporting to show anti-aircraft fire over the Kremlin.In a statement Wedn...

Brussels unveils plan to boost EU defense industry

Published Mon, 16 Dec 2024 11:30:03 GMT

BRUSSELS — European Commission industry chief Thierry Breton has urged European defense companies to get into “war economy mode” as he unveiled a new plan to boost weapons manufacturing across the EU.The Act in Support of Ammunition Production (ASAP) agreed Wednesday by the European Commission will pump some €500 million from the EU budget into European shell factories to boost weapons manufacturing — matched with co-financing of around €500 million from member countries and other sources. The aim is to produce 1 million rounds of ammunition within one year.“In Europe, we still have a real production capacity. It’s there,” Breton said in announcing the plan Wednesday. “What we need to do now is to bring up capacity.”The framework would controversially allow dipping into new pots of EU money originally intended for boosting development around the Continent. In visiting a dozen-plus producers across the EU, the French commissioner says that many sites already have the infras...

PMQs scorecard: Sunak and Starmer mark King Charles’ coronation by … fighting about mortgages

Published Mon, 16 Dec 2024 11:30:03 GMT

Prime minister’s questions: a shouty, jeery, very occasionally useful advert for British politics. Here’s what you need to know from this week’s session in POLITICO U.K.’s weekly run-through.National unity moment: Labour’s Keir Starmer and Prime Minister Rishi Sunak took the chance to wish King Charles III all the best ahead of the coronation this weekend, which was nice of them. But that was as chummy as it got.What they sparred about: With local elections looming, the two leaders soon stepped it back up. Starmer honed in on Britain’s chronic housing shortage and the woes facing people who have, or are seeking, a mortgage in the U.K. amid rising interest rates. Sunak in turn talked up his plans to give communities more control over house building targets.Back to the future: But it all felt a bit … 2015. Starmer, for the second week in a row, opted to quote former Tory Chancellor George Osborne — who described Liz Truss’ very-short-lived Conservative regime a...

City of Cambridge to combat income inequality by giving $500 per month to low-income families

Published Mon, 16 Dec 2024 11:30:03 GMT

The City of Cambridge is combatting income inequality by giving money to low-income families.Certain households will receive $500 per month for 18 months.Qualifying families must have at least one child under the age of 21. Families of two must have a qualifying income of below $49,300 and families of five must earn below $87,850.Applications will be available starting June 1.