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Nextdoor to lay off 25% of its staff as part of cost reduction plan

Published Mon, 16 Dec 2024 13:49:24 GMT

SAN FRANCISCO (KRON) -- San Francisco-based Nextdoor will lay off 25% of its staff, the company announced in a financial report posted Tuesday. The job cuts are part of a broader cost reduction plan that targets reducing the neighborhood network social media company's personnel expenses by $60 million."This reduction in our team is the hardest decision we have had to make at Nextdoor," said Nextdoor CEO Sarah Friar. "While our opportunity and belief in the transformative power of community remains unwavering, and our business is financially strong with a healthy balance sheet, we must follow through on our commitment to our shareholders." Series of violent robberies leaves Walnut Creek residents on edge "This means right sizing our business and aligning our team and other expenses with our near term revenue expectations," Friar continued. "We expect that these actions will position us to reach quarterly free cash flow breakeven by the end of 2025."In the financial report, the comp...

PlayAGS: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 13:49:24 GMT

LAS VEGAS (AP) — LAS VEGAS (AP) — PlayAGS Inc. (AGS) on Tuesday reported a third-quarter loss of $156,000, after reporting a profit in the same period a year earlier.The Las Vegas-based company said it had a loss of less than 1 cent on a per-share basis.The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.The gaming industry supplier posted revenue of $89.4 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $88.1 million.PlayAGS shares have increased 62% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $8.27, a rise of 16% 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 AGS at https://www.zacks.com/ap/AGSSource

Griezmann and Morata lead Atletico to 6-0 rout of 10-man Celtic in Champions League

Published Mon, 16 Dec 2024 13:49:24 GMT

MADRID (AP) — Antoine Griezmann and Álvaro Morata have come through for Atletico Madrid again.The red-hot duo scored two goals each in a 6-0 rout of 10-man Celtic on Tuesday, leaving Atletico top of Group E in the Champions League.It was Atletico’s biggest win in a UEFA club competition since its first-ever European match, when it beat Irish team Drumcondra 8-0 in the first leg of the preliminary round of the European Cup in 1958.The home victory left Atletico with eight points from four matches, one point ahead of Lazio and two in front of Feyenoord. Winless Celtic stayed last with one point. Lazio beat Feyenoord 1-0 at home in the other group match.“It will be a fight until the end, it will be tough,” Atletico coach Diego Simeone said. “The group is very tight.”Celtic, seeking its first win in the group stage of the Champions League since 2017, played a man down after forward Daizen Maeda was sent off with a straight red card for a hard foul in the 23rd minute. The Japan internati...

SoundThinking: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 13:49:24 GMT

FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — SoundThinking, Inc. (SSTI) on Tuesday reported a loss of $1.9 million in its third quarter.On a per-share basis, the Fremont, California-based company said it had a loss of 15 cents. Losses, adjusted for costs related to mergers and acquisitions and non-recurring costs, were 9 cents per share.The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.The maker of gunfire detection systems posted revenue of $24 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $23.8 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SSTI at https://www.zacks.com/ap/SSTISource

Amid controversy, the Portland Timbers introduce Phil Neville as their new head coach

Published Mon, 16 Dec 2024 13:49:24 GMT

PORTLAND, Ore. (AP) — Phil Neville was introduced as the new head coach of the Portland Timbers amid concerns from the Major League Soccer team’s fan base over some of his past posts on social media, as well as his coaching record. Neville, who has apologized before for sexist Twitter posts from more than a decade ago, addressed them during a press conference Tuesday.“The tweets that I put out were wrong in 2011 and they’re wrong today,” the former Manchester United and Everton defender said. The tweets have since been deleted. Neville, who coached Inter Miami before his dismissal in June, signed a deal with Portland that will keep him as the head coach through the 2026 season. When word of his hiring leaked last week, fans of the team were critical. The Timbers Army supporters group issued a statement asking the club to reconsider. “We are deeply disappointed that the club has reportedly settled on a finalist for head coach who has a history of sexist public statements that r...

Smart Sand: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 13:49:24 GMT

SPRING, Texas (AP) — SPRING, Texas (AP) — Smart Sand, Inc. (SND) on Tuesday reported profit of $6.7 million in its third quarter.On a per-share basis, the Spring, Texas-based company said it had profit of 18 cents.The company posted revenue of $76.9 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 SND at https://www.zacks.com/ap/SNDSource

Masimo: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 13:49:24 GMT

IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Masimo Corp. (MASI) on Tuesday reported third-quarter earnings of $10.6 million.On a per-share basis, the Irvine, California-based company said it had net income of 20 cents. Earnings, adjusted for one-time gains and costs, came to 63 cents per share.The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.The medical technology company posted revenue of $478.9 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $502.4 million.For the current quarter ending in December, Masimo expects its per-share earnings to range from 74 cents to 94 cents.The company said it expects revenue in the range of $526 million to $576 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $186.1 million.Masimo expects full-year earnings in the range of $2.85 to $3.05 per share...

Unbeaten No. 21 James Madison writes NCAA seeking remediation for two-year bowl ban

Published Mon, 16 Dec 2024 13:49:24 GMT

HARRISONBURG, Va. (AP) — James Madison, in its second year of transitioning from the Bowl Subdivision to the Championship Subdivision, has written to the NCAA asking that the rule preventing the Dukes from participating in a bowl game be changed.In a letter, signed by president Jonathan Alger, Rector Maribeth Herod and athletic director Jeffrey Bourne, the school noted that the No. 21 Dukes (9-0) are one of seven FBS programs that are unbeaten this season and highlighted that their academic achievement mirrors that of its football team. In the letter, James Madison also noted that while its previous request for a waiver was denied, it has met all the conditions set forth by the NCAA for the transition and suggests that the school has gone “above and beyond” recommended particulars and that the request is a matter of “student welfare.”It describes the postseason experience as a “fundamental element” of the student-athlete experience and suggests that Dukes football players could have...

Las propuestas de Javier Milei para llegar a la presidencia de Argentina

Published Mon, 16 Dec 2024 13:49:24 GMT

(CNN Español) — Javier Milei fue el primero de los candidatos presidenciales de la actual campaña electoral en Argentina en presentar su plan de gobierno, que consta de un programa de tres etapas, que abarcaría 35 años, si llega a ganar las elecciones presidenciales.Mapa de resultados en vivo de las elecciones en Argentina 2023 por provincias y departamentosResultados de Massa, Milei, Bullrich, Schiaretti, Bregman en las elecciones presidenciales de Argentina 2023Con el acercamiento de Mauricio Macri y Patricia Bullrich tras la primera vuelta electoral, se puso sobre la mesa si alguno de los planes del candidato de La Libertad Avanza estaba en cuestión. Incluso Bullrich, en su lectura de la declaración de apoyo, hizo la salvedad de no estar de acuerdo con la tenencia de armas, la comercialización de órganos, a la vez que ratificó su apoyo a la educación pública.Sin embargo, tanto Milei como Macri se ocuparon de subrayar públicamente que el acompañamiento era sin condicionamien...

PetIQ: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 13:49:24 GMT

EAGLE, Idaho (AP) — EAGLE, Idaho (AP) — PetIQ Inc. (PETQ) on Tuesday reported third-quarter profit of $451,000.The Eagle, Idaho-based company said it had net income of 2 cents per share. Earnings, adjusted for restructuring costs and stock option expense, came to 42 cents per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.The pet medications and products maker posted revenue of $277 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $230.1 million.PetIQ expects full-year revenue in the range of $1.06 billion to $1.08 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PETQ at https://www.zacks.com/ap/PETQSource