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Latham Group: Q1 Earnings Snapshot

Published Fri, 27 Dec 2024 11:45:15 GMT

LATHAM, N.Y. (AP) — LATHAM, N.Y. (AP) — Latham Group Inc. (SWIM) on Tuesday reported a loss of $14.4 million in its first quarter.On a per-share basis, the Latham, New York-based company said it had a loss of 13 cents.The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.The swimming pool maker posted revenue of $137.7 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $123.5 million.Latham Group expects full-year revenue in the range of $565 million to $615 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SWIM at https://www.zacks.com/ap/SWIMSource

Voyager Therapeutics: Q1 Earnings Snapshot

Published Fri, 27 Dec 2024 11:45:15 GMT

CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — Voyager Therapeutics Inc. (VYGR) on Tuesday reported profit of $124 million in its first quarter.The Cambridge, Massachusetts-based company said it had net income of $2.94 per share.The gene therapy company posted revenue of $150.5 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 VYGR at https://www.zacks.com/ap/VYGRSource

AMC Networks: Q1 Earnings Snapshot

Published Fri, 27 Dec 2024 11:45:15 GMT

NEW YORK (AP) — NEW YORK (AP) — AMC Networks Inc. (AMCX) on Tuesday reported first-quarter earnings of $103.6 million.On a per-share basis, the New York-based company said it had profit of $2.36. Earnings, adjusted for amortization costs and restructuring costs, came to $2.62 per share.The owner of cable channels including AMC and IFC posted revenue of $717.4 million in the period.AMC Networks shares have fallen 2.5% since the beginning of the year. The stock has declined 53% 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 AMCX at https://www.zacks.com/ap/AMCXSource

AxoGen: Q1 Earnings Snapshot

Published Fri, 27 Dec 2024 11:45:15 GMT

ALACHUA, Fla. (AP) — ALACHUA, Fla. (AP) — AxoGen Inc. (AXGN) on Tuesday reported a loss of $7.1 million in its first quarter.On a per-share basis, the Alachua, Florida-based company said it had a loss of 17 cents. Losses, adjusted for stock option expense, were 10 cents per share.The regenerative medicine company posted revenue of $36.7 million in the period.AxoGen expects full-year revenue in the range of $154 million to $159 million.AxoGen shares have dropped 3% since the beginning of the year. The stock has increased 7% 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 AXGN at https://www.zacks.com/ap/AXGNSource

Royalty Pharma: Q1 Earnings Snapshot

Published Fri, 27 Dec 2024 11:45:15 GMT

NEW YORK (AP) — NEW YORK (AP) — Royalty Pharma (RPRX) on Tuesday reported first-quarter profit of $341 million.The New York-based company said it had profit of 56 cents per share. Earnings, adjusted for non-recurring costs, came to $1.60 per share.The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.The company posted revenue of $684 million in the period. Its adjusted revenue was $1.13 billion, which also topped Street forecasts. Three analysts surveyed by Zacks expected $914.7 million.Royalty Pharma expects full-year revenue in the range of $2.85 billion to $2.95 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RPRX at https://www.zacks.com/ap/RPRXSource

Gilat: Q1 Earnings Snapshot

Published Fri, 27 Dec 2024 11:45:15 GMT

PETAH TIKVA, Israel (AP) — PETAH TIKVA, Israel (AP) — Gilat Satellite Networks Ltd. (GILT) on Tuesday reported net income of $5.6 million in its first quarter.The Petah Tikva, Israel-based company said it had profit of 10 cents per share. Earnings, adjusted for non-recurring gains, were 7 cents per share.The satellite broadband communications company posted revenue of $59 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 GILT at https://www.zacks.com/ap/GILTSource

Cerence: Fiscal Q2 Earnings Snapshot

Published Fri, 27 Dec 2024 11:45:15 GMT

BURLINGTON, Mass. (AP) — BURLINGTON, Mass. (AP) — Cerence Inc. (CRNC) on Tuesday reported a loss of $26.1 million in its fiscal second quarter.The Burlington, Massachusetts-based company said it had a loss of 65 cents per share. Losses, adjusted for stock option expense and restructuring costs, were 4 cents per share.The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.The automotive artificial intelligence developer posted revenue of $68.4 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $66.3 million.For the current quarter ending in June, Cerence said it expects revenue in the range of $58 million to $62 million.The company expects full-year revenue in the range of $280 million to $290 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a ...

TransDigm: Fiscal Q2 Earnings Snapshot

Published Fri, 27 Dec 2024 11:45:15 GMT

CLEVELAND (AP) — CLEVELAND (AP) — TransDigm Group Inc. (TDG) on Tuesday reported fiscal second-quarter net income of $304 million.The Cleveland-based company said it had net income of $5.32 per share. Earnings, adjusted for one-time gains and costs, came to $5.98 per share.The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $5.46 per share.The aircraft components maker posted revenue of $1.59 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.5 billion.TransDigm expects full-year earnings in the range of $23.31 to $24.19 per share, with revenue in the range of $6.41 billion to $6.5 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TDG at https://www.zacks.com/ap/TDGSource

Police believe deadly Tesla shooting began as a road rage

Published Fri, 27 Dec 2024 11:45:15 GMT

DENVER (KDVR) — The argument between two Tesla drivers that ended with one being shot and killed may have begun as a road rage incident.Police in Edgewater are now asking for any witnesses who may have seen a possible road rage incident between the two drivers to come forward.The deadly shooting took place at the Tesla charging station at the Edgewater Public Market, located at West 20th Avenue and Depew Street, on May 3. Investigators believe the two Tesla drivers got into an argument and one was fatally shot.    The alleged shooter drove away at first, but he later contacted police and turned himself in. So far, he has not been arrested or charged. Colorado passes property tax bill Now, police are asking anyone who witnessed any sort of road rage incident between a red Tesla and a silver Tesla, both sedans, to contact them.       Investigators believe the incident may have occurred around 9:40 a.m. on May 3 along Sheridan Boulevard from West 6th Avenue to Interstate 70, or somew...

FTX founder Sam Bankman-Fried seeks dismissal of indictment

Published Fri, 27 Dec 2024 11:45:15 GMT

NEW YORK (AP) — FTX founder Sam Bankman-Fried sought a dismissal of criminal charges against him in a court filing late Monday, saying prosecutors have improperly made federal crimes out of civil and regulatory issues that resulted from an industrywide collapse of cryptocurrency markets dubbed the “crypto winter.”Lawyers for the onetime head of a multibillion dollar cryptocurrency exchange said in papers in Manhattan federal court that the U.S. government had a “dramatic — and troubling” response to a broad market crash in cryptocurrency last year that affected every corner of the market.They said Bankman-Fried’s non-U.S. FTX company lasted far longer than others in the industry before it entered bankruptcy in November when the global exchange ran out of money after the equivalent of a bank run. A trial is tentatively set for the fall.Prosecutors alleged in December that Bankman-Fried cheated investors and looted customer deposits on FTX to make lavish real estate purchases, donate ...