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Airbnb posts $4.4 billion profit with help from tax break, revenue surge

Published Tue, 05 Nov 2024 10:32:51 GMT

Airbnb said Wednesday it earned $4.37 billion in the third quarter as it booked a large tax benefit and posted higher-than-expected revenue during the summer travel season.However, the rental giant’s forecast of fourth-quarter revenue fell short of Wall Street expectations. Its shares fell more than 2% in after-hours trading.Airbnb said that excluding the tax benefit, net income would have been $1.6 billion, up from $1.2 billion a year earlier.Related ArticlesBusiness | ‘Airbnb becomes machine gunBNB,’ cops say after 11 guns found at teen’s birthday party Business | Airbnb host’s ‘tenant from hell’ also lived rent-free in an Oakland house Business | An Airbnb, Vrbo or other rental host ghosted you. Now what? Business | Airbnb is fundamentally broken, its CEO says. He plans to fix it Revenue rose 18% to $3.4 billion as the company saw a 14% increase in bookings and slightly higher average prices for sho...

See Disneyland Jungle Cruise boat towed to safety — and the skipper never misses a joke

Published Tue, 05 Nov 2024 10:32:51 GMT

The jokes continued flying from the skipper of a stranded Jungle Cruise tramp steamer as a rescue boat arrived to tow the castaways to safety after the Disneyland attraction broke down and left riders stuck along the tropical rivers of the world.A video posted by the Disney Food Blog to social media on Tuesday, Oct. 31 shows a Disneyland cast member lashing a rope to the bow of the marooned Jungle Cruise boat and tugging it along the winding river course as the skipper continued with his comedic spiel.The shipwrecked skipper cracked jokes about checking the service engine light and saving on gasoline throughout the ordeal.Trouble over on the Jungle Cruise in Disneyland as one of the boats broke down and had to be towed through the rest of the attraction!Thanks to DFB reader Barb Close for sharing with us! pic.twitter.com/h4lD842UZc— Disney Food Blog (@DisneyFoodBlog) October 31, 2023Related ArticlesEntertainment | Voices of Disneyland and Disney California Adventure...

Before Joining White House, Karine Jean-Pierre Slammed Netanyahu For Alleged War Crimes Against Gazans

Published Tue, 05 Nov 2024 10:32:51 GMT

During the 2020 presidential campaign, Karine Jean-Pierre applauded the decision by every Democratic candidate to skip the annual conference put on by the American Israel Public Affairs Committee, better known as AIPAC. She slammed it for “racist, Islamophobic” rhetoric and for inviting Prime Minister Benjamin Netanyahu to speak. Netanyahu, Jean-Pierre correctly noted, was facing allegations of war crimes and a raft of corruption charges.Though Netanyahu still faces those allegations, and many more, Jean-Pierre has defended Netanyahu’s bombardment of Gaza in her current role as press secretary for President Joe Biden.“Netanyahu not only has personal charges levied against him—he’s been indicted on both bribery and fraud charges—but under his leadership of Israel, according to the United Nations, Israel may have committed war crimes in its attacks on Gazan protesters,” Jean-Pierre wrote in a March 2019 column in Newsweek.“It’s time to call a spade a spade,” she continued....

Lancaster Colony: Fiscal Q1 Earnings Snapshot

Published Tue, 05 Nov 2024 10:32:51 GMT

WESTERVILLE, Ohio (AP) — WESTERVILLE, Ohio (AP) — Lancaster Colony Corp. (LANC) on Thursday reported profit of $44 million in its fiscal first quarter.On a per-share basis, the Westerville, Ohio-based company said it had net income of $1.59. Earnings, adjusted for non-recurring costs, came to $1.70 per share.The specialty food maker posted revenue of $461.6 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 LANC at https://www.zacks.com/ap/LANCSource

Milk carton shortage has schools scrambling for options

Published Tue, 05 Nov 2024 10:32:51 GMT

NEW YORK - SEPTEMBER 16: Cartons of milk are seen for sale September 16, 2003 in New York City. Milk prices have risen over the summer and jumped up 21 percent from August to September. (Photo by Mario Tama/Getty Images)(Getty Images/Mario Tama) NEW YORK - SEPTEMBER 16: Cartons of milk are seen for sale September 16, 2003 in New York City. Milk prices have risen over the summer and jumped up 21 percent from August to September. (Photo by Mario Tama/Getty Images)(Getty Images/Mario Tama) Milk does a body good — and that’s why schools nationwide are scrambling for options to ensure students don’t miss a precious drop during a paper carton shortage.Some schools have followed federal guidelines issued ...

Crocs: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 10:32:51 GMT

BROOMFIELD, Colo. (AP) — BROOMFIELD, Colo. (AP) — Crocs Inc. (CROX) on Thursday reported third-quarter profit of $177 million.On a per-share basis, the Broomfield, Colorado-based company said it had profit of $2.87. Earnings, adjusted for non-recurring costs, were $3.25 per share.The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.09 per share.The footwear company posted revenue of $1.05 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $1.03 billion.Crocs expects full-year earnings in the range of $11.55 to $11.85 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 CROX at https://www.zacks.com/ap/CROXSource

Karyopharm Therapeutics: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 10:32:51 GMT

NEWTON, Mass. (AP) — NEWTON, Mass. (AP) — Karyopharm Therapeutics Inc. (KPTI) on Thursday reported a loss of $34.5 million in its third quarter.On a per-share basis, the Newton, Massachusetts-based company said it had a loss of 30 cents.The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.The pharmaceutical company posted revenue of $36 million in the period, also falling short of Street forecasts. Seven analysts surveyed by Zacks expected $37.3 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KPTI at https://www.zacks.com/ap/KPTISource

Thermon Group: Fiscal Q2 Earnings Snapshot

Published Tue, 05 Nov 2024 10:32:51 GMT

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Thermon Group Holdings Inc. (THR) on Thursday reported profit of $14.7 million in its fiscal second quarter.On a per-share basis, the Austin, Texas-based company said it had profit of 43 cents. Earnings, adjusted for non-recurring costs, were 49 cents per share.The maker of heat tracing products posted revenue of $123.7 million in the period.Thermon Group expects full-year earnings in the range of $1.84 to $1.94 per share, with revenue in the range of $478 million to $498 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on THR at https://www.zacks.com/ap/THRSource

ICE: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 10:32:51 GMT

ATLANTA (AP) — ATLANTA (AP) — IntercontinentalExchange Group Inc. (ICE) on Thursday reported third-quarter profit of $541 million.The Atlanta-based company said it had profit of 96 cents per share. Earnings, adjusted for one-time gains and costs, were $1.46 per share.The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.The owner of the New York Stock Exchange and other stock markets posted revenue of $2.43 billion in the period. Its adjusted revenue was $2 billion, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $2.01 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ICE at https://www.zacks.com/ap/ICESource

Distribution Solutions: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 10:32:51 GMT

CHICAGO (AP) — CHICAGO (AP) — Distribution Solutions Group, Inc. (DSGR) on Thursday reported a loss of $1.6 million in its third quarter.The Chicago-based company said it had a loss of 3 cents per share. Earnings, adjusted for non-recurring costs, came to 17 cents per share.The industrial products and tools maker posted revenue of $438.9 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 DSGR at https://www.zacks.com/ap/DSGRSource