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SiTime: Q1 Earnings Snapshot

Published Sat, 02 Nov 2024 10:30:30 GMT

SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — SiTime Corporation (SITM) on Wednesday reported a loss of $16.5 million in its first quarter.The Santa Clara, California-based company said it had a loss of 76 cents per share. Earnings, adjusted for stock option expense, were 9 cents per share.The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.The company posted revenue of $38.3 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $38 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SITM at https://www.zacks.com/ap/SITMSource

Ghana national pleads not guilty to defrauding Wisconsin GOP

Published Sat, 02 Nov 2024 10:30:30 GMT

MADISON, Wis. (AP) — A Ghana national pleaded not guilty in federal court Wednesday to stealing about $2.4 million from the Wisconsin Republican Party in a wire fraud scheme. Paul Williams Anti, 59, was charged in February with embezzlement, online court records show. According to court documents, scammers manipulated state GOP employees’ email accounts in October 202 to divert funds meant for vendors into the scammers’ bank accounts. Williams Anti allegedly controlled two of those accounts. A cybersecurity firm that the state GOP hired to investigate found that an employee’s email account had been altered so that any message with the words “invoice,” “wire transfer” or “bank” would automatically move to an email folder the scammers could access. The scammers then increased the amount charged as well as the payee account information, then sent the messages to another GOP employee. That worker unknowingly sent the money to fraudulent accounts, according to court records. Court ...

PDC Energy: Q1 Earnings Snapshot

Published Sat, 02 Nov 2024 10:30:30 GMT

DENVER (AP) — DENVER (AP) — PDC Energy Inc. (PDCE) on Wednesday reported first-quarter profit of $414.1 million.The Denver-based company said it had profit of $4.64 per share. Earnings, adjusted for non-recurring gains, were $2.61 per share.The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.91 per share.The independent oil and gas company posted revenue of $957.7 million in the period, which topped Street forecasts. Six analysts surveyed by Zacks expected $776.9 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PDCE at https://www.zacks.com/ap/PDCESource

Utah law requiring porn sites verify user ages takes effect

Published Sat, 02 Nov 2024 10:30:30 GMT

SALT LAKE CITY (AP) — You may soon be required to prove you’re older than 18 to watch porn in Utah.A new state law requiring adult websites verify the ages of their users took effect on Wednesday, making the state at least the second to enact an age verification law to shield kids from sexually explicit materials that have become increasingly accessible online.“It’s part of our job as society — and maybe a subset of my job as a lawmaker — to try to protect children now,” state Sen. Todd Weiler, the measure’s Republican sponsor, said. “I’m not gonna blame all of society’s ills on pornography, but I don’t think it’s helpful when a kid is forming their impressions of sex and gender to have all of this filth and lewd depictions on their mind.”It’s currently illegal to show children pornography in Utah, however it’s rarely enforced. The law is Utah’s latest move to crack down on access to pornography and dovetails with lawmakers’ other efforts to restr...

Ramaco Resources: Q1 Earnings Snapshot

Published Sat, 02 Nov 2024 10:30:30 GMT

LEXINGTON, Ky. (AP) — LEXINGTON, Ky. (AP) — Ramaco Resources, Inc. (METC) on Wednesday reported profit of $25.3 million in its first quarter.The Lexington, Kentucky-based company said it had net income of 57 cents per share.The company posted revenue of $166.4 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 METC at https://www.zacks.com/ap/METCSource

Advanced Energy: Q1 Earnings Snapshot

Published Sat, 02 Nov 2024 10:30:30 GMT

DENVER (AP) — DENVER (AP) — Advanced Energy Industries Inc. (AEIS) on Wednesday reported first-quarter earnings of $30.9 million.On a per-share basis, the Denver-based company said it had net income of 82 cents. Earnings, adjusted for one-time gains and costs, were $1.24 per share.The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.The maker of power-conversion products posted revenue of $425 million in the period.For the current quarter ending in June, Advanced Energy expects its per-share earnings to range from 75 cents to $1.25.The company said it expects revenue in the range of $390 million to $430 million for the fiscal second quarter.Advanced Energy shares have climbed 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $87.46, an increase of 11% in the last 12 months._____This story was generated by Automated Insights (http://automa...

City regains top spot as Haaland breaks EPL scoring record

Published Sat, 02 Nov 2024 10:30:30 GMT

MANCHESTER, England (AP) — A new Premier League goals record for Erling Haaland and three more points for title-chasing Manchester City.The Norway striker has scored 35 times in his first season playing in English soccer’s top division — surpassing the previous single-season record that was jointly held by Alan Shearer and Andy Cole before Haaland tied them Sunday.Haaland still has five more games to add to his remarkable total and left the field to a guard of honor from his teammates after the final whistle.While the Golden Boot for the country’s leading scorer is certain to come his way, bigger prizes are also in sight, with City edging closer to a third-straight title after a 3-0 win against West Ham.Haaland’s goal in the 70th-minute put City 2-0 up after Nathan Ake had opened the scoring in the 50th.Substitute Phil Foden added a third with a deflected effort in the 85th.The win moved City back to the top of the table, a point above Arsenal, which had gone to th...

Anywhere Real Estate: Q1 Earnings Snapshot

Published Sat, 02 Nov 2024 10:30:30 GMT

MADISON, N.J. (AP) — MADISON, N.J. (AP) — Anywhere Real Estate Inc. (HOUS) on Wednesday reported a loss of $138 million in its first quarter.The Madison, New Jersey-based company said it had a loss of $1.26 per share. Losses, adjusted for one-time gains and costs, came to 96 cents per share.The real estate brokerage operator posted revenue of $1.13 billion 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 HOUS at https://www.zacks.com/ap/HOUSSource

Rimini Street: Q1 Earnings Snapshot

Published Sat, 02 Nov 2024 10:30:30 GMT

LAS VEGAS (AP) — LAS VEGAS (AP) — Rimini Street, Inc. (RMNI) on Wednesday reported net income of $5.6 million in its first quarter.The Las Vegas-based company said it had net income of 6 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 11 cents per share.The company posted revenue of $105.5 million in the period.For the current quarter ending in June, Rimini Street said it expects revenue in the range of $105 million to $107 million.The company expects full-year revenue in the range of $420 million to $430 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RMNI at https://www.zacks.com/ap/RMNISource

Bristow Group: Q1 Earnings Snapshot

Published Sat, 02 Nov 2024 10:30:30 GMT

HOUSTON (AP) — HOUSTON (AP) — Bristow Group Inc. (VTOL) on Wednesday reported a loss of $1.5 million in its first quarter.On a per-share basis, the Houston-based company said it had a loss of 5 cents.The provider of helicopter transportation services posted revenue of $302 million in the period.Bristow Group expects full-year revenue in the range of $1.2 billion to $1.31 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VTOL at https://www.zacks.com/ap/VTOLSource