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Apple’s earnings top analysts’ forecasts, but year-over-year sales drop for third straight quarter

Published Tue, 05 Nov 2024 14:32:40 GMT

Apple’s eked out a slightly higher profit last quarter even though sales dipped during the period, a showing that may not be enough to sustain investor enthusiasm that recently made the iPhone maker the first publicly held U.S. company to be valued at $3 trillion.The results released Thursday covered April through June, the third consecutive quarter that the Cupertino, California, company has posted a year-over-year decline in revenue. That’s its longest stretch of falling sales in nearly seven years. Apple also indicated revenue for the current July through September quarter is expected to decline, despite the anticipated release of the next iPhone. The disappointing forecast, coupled with the lukewarm results for the past quarter, caused Apple’s stock to fall 2% in Thursday’s extended trading.If the shares behave similarly during Friday’s regular trading session, it will push Apple’s market value below the $3 trillion threshold it eclipsed in late June.Reve...

Air Transport Services: Q2 Earnings Snapshot

Published Tue, 05 Nov 2024 14:32:40 GMT

WILMINGTON, Ohio (AP) — WILMINGTON, Ohio (AP) — Air Transport Services Group Inc. (ATSG) on Thursday reported second-quarter earnings of $38 million.The Wilmington, Ohio-based company said it had profit of 49 cents per share. Earnings, adjusted for non-recurring costs, were 57 cents per share.The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.The air cargo company posted revenue of $529.3 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $514.6 million.Air Transport Services expects full-year earnings in the range of $1.65 to $1.80 per share.Air Transport Services shares have declined 23% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19.99, a drop of 39% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks I...

Tutor Perini: Q2 Earnings Snapshot

Published Tue, 05 Nov 2024 14:32:40 GMT

SYLMAR, Calif. (AP) — SYLMAR, Calif. (AP) — Tutor Perini Corp. (TPC) on Thursday reported a loss of $37.5 million in its second quarter.On a per-share basis, the Sylmar, California-based company said it had a loss of 72 cents.The construction company posted revenue of $1.02 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 TPC at https://www.zacks.com/ap/TPCSource

49ers receiver Brandon Aiyuk is emerging as a star in training camp

Published Tue, 05 Nov 2024 14:32:40 GMT

SANTA CLARA, Calif. (AP) — Brandon Aiyuk’s time in coach Kyle Shanahan’s dog house is firmly in the past.The way the San Francisco 49ers offense has looked so far in training camp with Aiyuk outshining higher-profile teammates every day, he appears ready to have a breakout season and fulfill his offseason promise of having his career “take off.”“This is my fourth year in this offense,” Aiyuk said. “The work that I felt like I put in, and then also the success that I’ve had in the years, put it all together and that’s what you get for sure.”Aiyuk’s journey from a first-round pick in 2020 to being on the verge of stardom in 2023 hasn’t been a smooth one. He arrived in the NFL during the COVID offseason, limiting his practice time and ability to acclimate as a pro.He showed flashes as a rookie with 60 catches for 748 yards and five TDs in 12 games but didn’t realize how much work he needed to put in the next offseason and fell behind early in training camp...

IndyCar Series moving season finale, awards to Nashville starting in 2024

Published Tue, 05 Nov 2024 14:32:40 GMT

NASHVILLE, Tenn. (AP) — IndyCar loves racing through the streets of Music City so much that the series is making Nashville the final race of the season and the stage for its annual awards starting in 2024. Mark Miles, president and CEO of Penske Entertainment Corp., announced Thursday that the combination of Nashville and the Big Machine Music City Grand Prix will help elevate the IndyCar Series even higher globally. “Next year’s race in Nashville will be an unbridled celebration of the most fierce and competitive motorsport on the planet, set against the backdrop of an innovative and breathtaking stage that includes one of the premier global entertainment districts in the world,” Miles said. The change takes effect in 2024 with the Big Machine Grand Prix capping the series schedule Sept. 15. IndyCar’s Victory Lap Celebration will be held Sept. 16 at the Schermerhorn Symphony Center. The Big Machine Music City Grand Prix concludes its original three-year contract with Su...

Marin Software: Q2 Earnings Snapshot

Published Tue, 05 Nov 2024 14:32:40 GMT

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Marin Software Inc. (MRIN) on Thursday reported a loss of $5.9 million in its second quarter.The San Francisco-based company said it had a loss of 34 cents per share. Losses, adjusted for one-time gains and costs, were 27 cents per share.The cloud-based digital advertising management company posted revenue of $4.4 million in the period.For the current quarter ending in September, Marin Software said it expects revenue in the range of $4 million to $4.4 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MRIN at https://www.zacks.com/ap/MRINSource

Denver weather: More evening thunderstorms ahead of a cooler weekend

Published Tue, 05 Nov 2024 14:32:40 GMT

DENVER (KDVR) — Thunderstorms will stay in Denver's weather forecast Thursday evening, and return Friday afternoon. A severe thunderstorm watch remains in effect until 9 p.m. The biggest concerns with thunderstorms will be large hail and strong, damaging wind gusts. Weather tonight: Storms ending Evening thunderstorms will continue to push east. This will leave behind clearing clouds and a low of around 60 degrees. Weather tomorrow: Another round of afternoon stormsFriday will look similar to Thursday. Denver will start off with morning sunshine. Then, as high temperatures climb to the upper 80s, clouds will build in during the afternoon followed by a few afternoon and evening thunderstorms. Looking ahead: Drier and cooler A slight chance for afternoon showers and thunderstorms continues this weekend alongside cooler temperatures. Saturday, morning sunshine will help temperatures quickly climb back up to the mid-80s, followed by increasing clouds in the afternoon and a few af...

Denver minimum wage rises to $18.29 in 2024, one of nation's highest

Published Tue, 05 Nov 2024 14:32:40 GMT

DENVER (KDVR) -- Denver's minimum wage is rising in January and will once more be near the top of the nation's."The City and County of Denver’s local minimum wage will increase one dollar per hour to $18.29 from $17.29 beginning on January 1, 2024," according to a release. "The minimum wage for tipped food and beverage workers will be $15.27 per hour provided they earn at least $3.02 in actual tips." Denver weather: Strong evening storms along Eastern Plains The raise comes from a statute passed in 2019 that ties the city's minimum wage to Denver's cost of living as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers. This year, Denver has had the nation's second-highest minimum wage. Only Seattle has a higher one, with a minimum wage of $18.69 per hour.Not all cities have their own minimum wages. Most abide by the state-mandated minimum wage, which in Colorado is $13.65, again one of the nation's highest. Minimum wages are highest in places with the h...

Outdoor Colorado: One-of-a-kind summer camp for kids

Published Tue, 05 Nov 2024 14:32:40 GMT

HIGHLANDS RANCH, Colo. (KDVR) — There is a summer camp for kids that sits on over 8,000 acres of unspoiled wilderness.They say it is the only one of its kind in the country — and what shocks parents most is its location. Outdoor Colorado: Veterans learn rock climbing to help with PTSD There is just something about being in the outdoors that is freeing. And as far as AnnaKate Hein is concerned, the younger the camper, the better."A lot of these children these days don’t have a type of childhood that we think of as having like we might have had growing up — where you are running, free in the wild and unsupervised by an adult. Parents say, ‘Be back by dinner time.' Exploring the woods, crossing the creek, that kind of childhood," said Hein, the backcountry wilderness youth program coordinator at Highlands Ranch Community Association.Welcome to Camp Backcountry."If kids aren’t out exploring, tangible — you know, holding a frog, seeing a snake, catching a cricket — how are they ever go...

90-year-old donates 90th gallon of blood

Published Tue, 05 Nov 2024 14:32:40 GMT

DENVER (KDVR) -- A 90-year-old man donated his 90th gallon of blood Thursday, totaling the equivalent of about 720 donations throughout his lifetime.Virgil Olson is from Louisville and is one of just a handful of people to donate 90 gallons of blood to Vitalant in Colorado, according to a press release from Vitalant. Coloradans made more in real dollars during Great Depression than now He first started donating when he was 18 and doesn't plan to stop anytime soon.A 90-year-old man donated his 90th gallon of blood Thursday, totaling the equivalent of about 720 donations throughout his lifetime. (Photo courtesy of Vitalant)A 90-year-old man donated his 90th gallon of blood Thursday, totaling the equivalent of about 720 donations throughout his lifetime. (Photo courtesy of Vitalant)A 90-year-old man donated his 90th gallon of blood Thursday, totaling the equivalent of about 720 donations throughout his lifetime. (Photo courtesy of Vitalant)“I like to encourage people to start donatin...