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American Tower: Q1 Earnings Snapshot

Published Wed, 25 Dec 2024 20:10:52 GMT

BOSTON (AP) — BOSTON (AP) — American Tower Corp. (AMT) on Wednesday reported a key measure of profitability in its first quarter. The results topped Wall Street expectations.The real estate investment trust, based in Boston, said it had funds from operations of $1.19 billion, or $2.54 per share, in the period.The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of $2.38 per share.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had net income of $335.8 million, or 72 cents per share.The wireless communications infrastructure company posted revenue of $2.77 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $2.74 billion.American Tower expects full-year funds from operations in the range of $9.53 to $9.76 per share.The company’s shares have decreased almost ...

Alkermes: Q1 Earnings Snapshot

Published Wed, 25 Dec 2024 20:10:52 GMT

DUBLIN (AP) — DUBLIN (AP) — Alkermes PLC (ALKS) on Wednesday reported a loss of $41.8 million in its first quarter.On a per-share basis, the Dublin-based company said it had a loss of 25 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 1 cent per share.The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.The drugmaker posted revenue of $287.6 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $284.2 million.Alkermes shares have increased 17% since the beginning of the year. The stock has risen 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 ALKS at https://www.zacks.com/ap/ALKSSource

Healthcare Services: Q1 Earnings Snapshot

Published Wed, 25 Dec 2024 20:10:52 GMT

BENSALEM, Pa. (AP) — BENSALEM, Pa. (AP) — Healthcare Services Group Inc. (HCSG) on Wednesday reported first-quarter earnings of $12.7 million.The Bensalem, Pennsylvania-based company said it had profit of 17 cents per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.The provider of housekeeping, laundry and dietary services to health care facilities posted revenue of $417.2 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $423.1 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HCSG at https://www.zacks.com/ap/HCSGSource

Beasley: Q1 Earnings Snapshot

Published Wed, 25 Dec 2024 20:10:52 GMT

NAPLES, Fla. (AP) — NAPLES, Fla. (AP) — Beasley Broadcast Group Inc. (BBGI) on Wednesday reported a loss of $3.5 million in its first quarter.On a per-share basis, the Naples, Florida-based company said it had a loss of 12 cents.The radio broadcaster posted revenue of $57.8 million in the period.The company’s shares closed at 77 cents. A year ago, they were trading at $1.75._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BBGI at https://www.zacks.com/ap/BBGISource

CME: Q1 Earnings Snapshot

Published Wed, 25 Dec 2024 20:10:52 GMT

CHICAGO (AP) — CHICAGO (AP) — CME Group Inc. (CME) on Wednesday reported first-quarter net income of $883.8 million.The Chicago-based company said it had net income of $2.43 per share. Earnings, adjusted for one-time gains and costs, were $2.42 per share.The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.36 per share.The parent company of the Chicago Board of Trade and other exchanges posted revenue of $1.44 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $1.42 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CME at https://www.zacks.com/ap/CMESource

Masco: Q1 Earnings Snapshot

Published Wed, 25 Dec 2024 20:10:52 GMT

LIVONIA, Mich. (AP) — LIVONIA, Mich. (AP) — Masco Corp. (MAS) on Wednesday reported first-quarter net income of $205 million.The Livonia, Michigan-based company said it had profit of 90 cents per share. Earnings, adjusted for non-recurring gains, were 87 cents per share.The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.The maker of Behr paint, Delta faucets and other building products posted revenue of $1.98 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $1.92 billion.Masco expects full-year earnings in the range of $3.10 to $3.40 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MAS at https://www.zacks.com/ap/MASSource

Old Dominion: Q1 Earnings Snapshot

Published Wed, 25 Dec 2024 20:10:52 GMT

THOMASVILLE, N.C. (AP) — THOMASVILLE, N.C. (AP) — Old Dominion Freight Line Inc. (ODFL) on Wednesday reported first-quarter earnings of $285 million.On a per-share basis, the Thomasville, North Carolina-based company said it had profit of $2.58.The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.69 per share.The trucking company posted revenue of $1.44 billion in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $1.49 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ODFL at https://www.zacks.com/ap/ODFLSource

General Dynamics: Q1 Earnings Snapshot

Published Wed, 25 Dec 2024 20:10:52 GMT

RESTON, Va. (AP) — RESTON, Va. (AP) — General Dynamics Corp. (GD) on Wednesday reported first-quarter earnings of $730 million.On a per-share basis, the Reston, Virginia-based company said it had net income of $2.64.The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.56 per share.The defense contractor posted revenue of $9.88 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $9.32 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GD at https://www.zacks.com/ap/GDSource

Penske: Q1 Earnings Snapshot

Published Wed, 25 Dec 2024 20:10:52 GMT

BLOOMFIELD HILLS, Mich. (AP) — BLOOMFIELD HILLS, Mich. (AP) — Penske Automotive Group Inc. (PAG) on Wednesday reported first-quarter earnings of $298.3 million.The Bloomfield Hills, Michigan-based company said it had net income of $4.31 per share.The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.03 per share.The auto dealership chain posted revenue of $7.34 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $6.83 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAG at https://www.zacks.com/ap/PAGSource

Teledyne: Q1 Earnings Snapshot

Published Wed, 25 Dec 2024 20:10:52 GMT

THOUSAND OAKS, Calif. (AP) — THOUSAND OAKS, Calif. (AP) — Teledyne Technologies Inc. (TDY) on Wednesday reported first-quarter profit of $178.7 million.The Thousand Oaks, California-based company said it had net income of $3.73 per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, came to $4.53 per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $4.43 per share.The defense and aerospace industry supplier posted revenue of $1.38 billion in the period.For the current quarter ending in June, Teledyne expects its per-share earnings to range from $4.56 to $4.66.The company expects full-year earnings in the range of $19 to $19.20 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TDY at https://www.zacks.com/ap/TDYSource