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Stock market today: Wall Street steady as earnings season winds down

Published Mon, 16 Dec 2024 20:48:25 GMT

Wall Street was slow to gain traction early Monday as earnings season begins to wind down and little economic data out of Washington this week on inflation or U.S. employment. Futures for the Dow Jones Industrials were unchanged before the bell while the S&P 500 dipped about 0.1%.Oil prices gained after Saudi Arabia and Russia reiterated their commitment to maintaining oil supply cuts of more than 1 million barrels per day until the end of the year.Also, the Israeli military announced late Sunday that it had encircled Gaza City and cut the besieged coastal strip in two almost a month into the deepening conflict. In European trading, Germany’s DAX lost 0.3% and the CAC 40 in Paris fell 0.5%. Britain’s FTSE 100 edged 0.2% lower.Recent surveys of factory managers showed a deterioration in business activity, reinforcing concerns over slowing growth in Germany, France and other major economies. In Asia, stocks surged Monday after Wall Street benchmarks were buoyed last week by hopes ...

Genie Energy: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 20:48:25 GMT

NEWARK, N.J. (AP) — NEWARK, N.J. (AP) — Genie Energy Ltd. (GNE) on Monday reported profit of $14.5 million in its third quarter.The Newark, New Jersey-based company said it had net income of 53 cents per share. Earnings, adjusted to account for discontinued operations, came to 54 cents per share.The provider of oil and gas energy services posted revenue of $125 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 GNE at https://www.zacks.com/ap/GNESource

V2X: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 20:48:25 GMT

MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — V2X, Inc. (VVX) on Monday reported a loss of $6.4 million in its third quarter.On a per-share basis, the McLean, Virginia-based company said it had a loss of 21 cents. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were 73 cents per share.The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.The government services company posted revenue of $1 billion in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $967.8 million.V2X expects full-year earnings in the range of $3.50 to $3.75 per share, with revenue in the range of $3.9 billion to $3.95 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VVX at https://www.zacks.com/ap/VVXSource

Napco: Fiscal Q1 Earnings Snapshot

Published Mon, 16 Dec 2024 20:48:25 GMT

AMITYVILLE, N.Y. (AP) — AMITYVILLE, N.Y. (AP) — Napco Security Technologies Inc. (NSSC) on Monday reported earnings of $10.5 million in its fiscal first quarter.The Amityville, New York-based company said it had net income of 28 cents per share.The security products and software company posted revenue of $41.7 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 NSSC at https://www.zacks.com/ap/NSSCSource

22nd Century: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 20:48:25 GMT

BUFFALO, N.Y. (AP) — BUFFALO, N.Y. (AP) — 22nd Century Group Inc. (XXII) on Monday reported a loss of $72.7 million in its third quarter.On a per-share basis, the Buffalo, New York-based company said it had a loss of $3.68. Losses, adjusted for asset impairment costs and restructuring costs, were 78 cents per share.The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 91 cents per share.The plant biotechnology company posted revenue of $17.8 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $20.1 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XXII at https://www.zacks.com/ap/XXIISource

Air Lease: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 20:48:25 GMT

LOS ANGELES (AP) — LOS ANGELES (AP) — Air Lease Corp. (AL) on Monday reported third-quarter profit of $132.5 million.The Los Angeles-based company said it had net income of $1.10 per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.The company that leases planes to airlines posted revenue of $659.4 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $659.2 million.Air Lease shares have decreased 4% since the beginning of the year. The stock has risen almost 5% 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 AL at https://www.zacks.com/ap/ALSource

Aid trickles in as survivors salvage belongings from rubble in Nepal villages struck by earthquake

Published Mon, 16 Dec 2024 20:48:25 GMT

KATHMANDU, Nepal (AP) — Aid trickled in to villages Monday in Nepal’s northwest mountains flattened by a strong earthquake over the weekend as villagers searched through the rubble of their collapsed homes to salvage what was left of their belongings.The magnitude 5.6 temblor struck just minutes before midnight Friday, killing 157 people, injuring scores and leaving thousands homeless. The U.S. Geological Survey said that the quake occurred at a depth of 11 miles (18 kilometers). Nepal’s National Earthquake Monitoring and Research Center confirmed that the epicenter was in Jajarkot, about 400 kilometers (250 miles) northeast of the capital, Kathmandu.Authorities on Monday pressed on with efforts to bring food and other supplies, tents and medicines to the remote villages, many only reachable by foot. Roads were also blocked by landslides triggered by the earthquake. Soldiers could be seen trying to clear blocked roads.Later in the afternoon, the ground shook again with a magnitude 5...

Maryland man has a lofty adventure goal: Achieve the Explorer’s Grand Slam

Published Mon, 16 Dec 2024 20:48:25 GMT

For years, Seb Audy has visualized achieving the ‘Explorer’s Grand Slam.’ Also known as “Adventurers Grand Slam,” the quest includes scaling the world’s highest seven mountain peaks and reaching the North and South poles.To say it’s difficult is an understatement, Audy said. But the Chevy Chase, Maryland, resident has a strategy.“There’s a simple equation. You need to have a vision,” he said. “Then you need to have a strategy and a plan. And then execute with discipline and consistency.”Fewer than 70 people worldwide have achieved the Grand Slam. Audy has already climbed the mountains, from Everest to Vinson. Last year, he braved bone-chilling temperatures to reach the South Pole on skis.The last leg in his adventure goal, a ski expedition to the North Pole, has been canceled three years in a row. He plans to try again in April.“It’s very disappointing,” said Audy, who lives and trains in Maryland. “It’s a little bit like if you’re an Olympic athlete and two weeks before the Olympic...

Mirati: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 20:48:25 GMT

SAN DIEGO (AP) — SAN DIEGO (AP) — Mirati Therapeutics Inc. (MRTX) on Monday reported a loss of $161.9 million in its third quarter.On a per-share basis, the San Diego-based company said it had a loss of $2.49.The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of $2.92 per share.The biopharmaceutical company posted revenue of $16.4 million in the period, falling short of Street forecasts. Eight analysts surveyed by Zacks expected $19 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MRTX at https://www.zacks.com/ap/MRTXSource

Affiliated Managers: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 20:48:25 GMT

WEST PALM BEACH, Fla. (AP) — WEST PALM BEACH, Fla. (AP) — Affiliated Managers Group Inc. (AMG) on Monday reported third-quarter profit of $217 million.The West Palm Beach, Florida-based company said it had profit of $5.48 per share. Earnings, adjusted for non-recurring gains, came to $4.08 per share.The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.78 per share.The asset manager posted revenue of $525.2 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $514.7 million.Affiliated Managers shares have fallen 19% since the beginning of the year. The stock has risen slightly more than 3% 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 AMG at https://www.zacks.com/ap/AMGSource