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CAE: Fiscal Q2 Earnings Snapshot

Published Mon, 16 Dec 2024 18:42:32 GMT

ST-LAURENT, Quebec (AP) — ST-LAURENT, Quebec (AP) — CAE Inc. (CAE) on Tuesday reported fiscal second-quarter net income of $43.5 million.The St-Laurent, Quebec-based company said it had net income of 13 cents per share. Earnings, adjusted for non-recurring costs, were 20 cents per share.The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.The civil and military flight simulator company posted revenue of $811.4 million in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $783.1 million.CAE shares have climbed 13% since the beginning of the year. The stock has increased almost 1% 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 CAE at https://www.zacks.com/ap/CAESource

Staffing 360: Q2 Earnings Snapshot

Published Mon, 16 Dec 2024 18:42:32 GMT

NEW YORK (AP) — NEW YORK (AP) — Staffing 360 Solutions, Inc. (STAF) on Tuesday reported a loss of $2.9 million in its second quarter.On a per-share basis, the New York-based company said it had a loss of 77 cents.The company posted revenue of $62.1 million in the period.Staffing 360 expects full-year revenue in the range of $250 million to $265 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STAF at https://www.zacks.com/ap/STAFSource

Stock market today: Wall St. quiet with US inflation data, earnings and a US-China summit

Published Mon, 16 Dec 2024 18:42:32 GMT

Wall Street was slow to engage early Tuesday ahead of potentially market-moving developments, including a U.S.-China summit, new data on inflation, and a host of retail earnings reports. Futures for the Dow Jones industrials and S&P 500 are essentially unchanged before the bell.President Joe Biden will meet with Chinese leader Xi Jinping this week on the sidelines of a Pacific Rim summit in California. It will be the first face-to-face encounter in a year between the leaders of the world’s two biggest economies. In corporate news, Home Depot shares got a small bounce after the home improvement chain beat Wall Street forecasts but narrowed its full-year outlook. Its shares rose less than 1% before the bell. The Atlanta retailer said consumers are reticent to purchase big-ticket appliances, often bought on credit, which has grown very expensive as a result of the fight by the U.S. Federal Reserve to rein in inflation. Target, Macy’s and bellwether Walmart report later this w...

Renowned Canadian-born Israeli peace activist Vivian Silver is confirmed killed in Hamas attack

Published Mon, 16 Dec 2024 18:42:32 GMT

JERUSALEM (AP) — Vivian Silver, a Canadian-born Israeli activist who devoted her life to seeking peace with the Palestinians, was confirmed killed in Hamas’ Oct. 7 incursion into southern Israel.For 38 days, Silver, who had moved to Israel in the 1970s and made her home in Kibbutz Be’eri, had been believed to be among the nearly 240 hostages held in the Gaza Strip. But identification of some of the most badly burned remains has gone slowly, and her family was notified of her death on Monday.Silver was a dominant figure in several groups that promoted peace between Israel and the Palestinians, as well as a prominent Israeli human rights group. She also volunteered with a group that drove Gaza cancer patients to Israeli hospitals for medical care.“On the one hand, she was small and fragile. Very sensitive,” her son Yonatan Zeigen told Israel Radio on Tuesday. “On the other hand, she was a force of nature. She had a giant spirit. She was very assertive. She had very strong core beliefs...

US consumer inflation eased in October, reflecting a cooling of price pressures

Published Mon, 16 Dec 2024 18:42:32 GMT

WASHINGTON (AP) — US consumer inflation eased in October, reflecting a cooling of price pressures.Source

SouthGobi Resources: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 18:42:32 GMT

VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — SouthGobi Resources Ltd. (SGQRF) on Tuesday reported net income of $29.3 million in its third quarter.The Vancouver, British Columbia-based company said it had net income of 10 cents per share.The coal mining company posted revenue of $98 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 SGQRF at https://www.zacks.com/ap/SGQRFSource

Liberia’s leader Weah is facing a tight runoff vote for a second term against challenger Boakai

Published Mon, 16 Dec 2024 18:42:32 GMT

MONROVIA, Liberia (AP) — Liberian President George Weah faced a tight runoff election Tuesday as he seeks to defeat a repeat challenger and win a second term in the West African nation.The former international soccer star easily defeated Joseph Boakai in the 2017 runoff, but results from the first round of balloting last month showed the two neck and neck. Weah took 43.83% while Boakai brought in 43.44% of the total.“We are going to an election where nobody has a competitive edge with a wide margin,” said Ibrahim Nyei, executive director at the Ducor Institute for Social and Economic Research.In the weeks since the Oct. 10 first round, the candidates actively sought the endorsements of the other opposition parties. Boakai won the backing of the third, fourth and fifth-place finishers. While that amounts to only 5.6% of the vote, it could tilt the runoff in Boakai’s favor.Weah has received the support of two other opposition parties.Liberia’s 2.47 million regi...

Talis: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 18:42:32 GMT

REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Talis Biomedical Corp. (TLIS) on Tuesday reported a loss of $15.7 million in its third quarter.On a per-share basis, the Redwood City, California-based company said it had a loss of $8.62.The infectious disease diagnostics company posted revenue of $140,000 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 TLIS at https://www.zacks.com/ap/TLISSource

Home Depot sales continue to slide but the biggest home improvement chain still tops expectations

Published Mon, 16 Dec 2024 18:42:32 GMT

Home Depot sales continue to slide as Americans wrestle with persistent inflation and the company narrowed its outlook for the year. But the nation’s biggest home improvement retailer still topped expectations for the quarter. Home Depot now expects an earnings per share to decline between 9% and 11% in 2023 and same store sales to fall 3% to 4%. The company previously anticipated an earnings per share drop between 7% and 13% and a same-store sales decline of 2% to 5%.It’s the first time that Home Depot has projected a decline in annual sales since 2009, when the U.S. economy was decimated by a massive housing bubble. Inflation is hitting Home Depot on a number of fronts. Americans are more closely watching where they spend money as costs rise. The average receipt at Home Depot declined 0.3% from last year during the same period, and customer transactions are down 2.4%. It is also getting more expensive to put big-ticket items on credit cards or to take out a loan to buy...

Police searching for suspect in deadly Aurora double shooting

Published Mon, 16 Dec 2024 18:42:32 GMT

DENVER (KDVR) — Police are searching for a suspect who was allegedly involved in a deadly double shooting Monday night. According to the Aurora Police Department, the shooting happened around 6:30 p.m. in the 14000 block of East Iowa Drive. The area is in the Sable Ridge neighborhood, west of The Medical Center of Aurora. Two victims were shot and taken to a local hospital. Colorado’s 3-day waiting period for gun sales to stand while lawsuit plays out Hours later at 7 a.m. on Tuesday, police confirmed that an unidentified male died at the hospital from the injuries he sustained in the shooting.The Aurora Major Crime Homicide Unit is now investigating.Detectives are interested in any information about a white or gray Nissan Frontier that was seen fleeing from the scene.Anyone with information on the shooting or the suspect vehicle is asked to contact the Metro Denver Crime Stoppers at 720-913-7867. Tipsters can remain anonymous and still be eligible for a cash reward.