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Penske: Q2 Earnings Snapshot

Published Wed, 26 Feb 2025 10:13:55 GMT

BLOOMFIELD HILLS, Mich. (AP) — BLOOMFIELD HILLS, Mich. (AP) — Penske Automotive Group Inc. (PAG) on Wednesday reported second-quarter earnings of $300.8 million.The Bloomfield Hills, Michigan-based company said it had profit of $4.41 per share.The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.08 per share.The auto dealership chain posted revenue of $7.47 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $7.06 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

HBCUs in Maryland, Virginia among schools to get $33 million for agriculture projects

Published Wed, 26 Feb 2025 10:13:55 GMT

This content was republished with permission from WTOP’s news partners at Maryland Matters. Sign up for Maryland Matters’ free email subscription today.The U.S. Department of Agriculture on Monday announced $33 million in funding to support research and education projects at 19 historically Black colleges and universities designated as land-grant institutions, including the University of Maryland Eastern Shore.The funding through USDA’s National Institute of Food and Agriculture will support 82 projects in sustainable farming practices such as reducing use of plastics, enhancing nutritional value in vegetables and addressing shortages in sunflower seed oil.“The work these universities will take on as a result of this funding have ripple effects far beyond the walls of their laboratories and classrooms,” Agriculture Deputy Secretary Xochitl Torres Small said in a statement.Torres Small said the investments will help “deliver real-life, applicable s...

Prosperity Bancshares: Q2 Earnings Snapshot

Published Wed, 26 Feb 2025 10:13:55 GMT

HOUSTON (AP) — HOUSTON (AP) — Prosperity Bancshares Inc. (PB) on Wednesday reported second-quarter net income of $86.9 million.The Houston-based bank said it had earnings of 94 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were $1.21 per share.The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.The financial holding company posted revenue of $400.1 million in the period. Its revenue net of interest expense was $276.1 million, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $282 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PB at https://www.zacks.com/ap/PBSource

Central Pacific Financial: Q2 Earnings Snapshot

Published Wed, 26 Feb 2025 10:13:55 GMT

HONOLULU (AP) — HONOLULU (AP) — Central Pacific Financial Inc. (CPF) on Wednesday reported net income of $14.5 million in its second quarter.The bank, based in Honolulu, said it had earnings of 53 cents per share.The operator of Central Pacific Bank posted revenue of $79.8 million in the period. Its revenue net of interest expense was $63.2 million, which did not meet Street forecasts._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPF at https://www.zacks.com/ap/CPFSource

Materialise: Q2 Earnings Snapshot

Published Wed, 26 Feb 2025 10:13:55 GMT

LEVUEN, Belgium (AP) — LEVUEN, Belgium (AP) — Materialise NV (MTLS) on Wednesday reported a loss of $530,000 in its second quarter.The Levuen, Belgium-based company said it had a loss of 1 cent per share.The 3D printing software and medical and industrial products company posted revenue of $70.4 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 MTLS at https://www.zacks.com/ap/MTLSSource

ANÁLISIS | China está borrando la mención de su exministro de Relaciones Exteriores, Qin Gang. Pero todavía no ha dicho por qué

Published Wed, 26 Feb 2025 10:13:55 GMT

(CNN) — Hace cinco semanas, el mundo vio cómo el ministro de Relaciones Exteriores de China, Qin Gang, se reunía con el secretario de Estado de EE.UU., Antony Blinken, en Beijing para mantener conversaciones de alto nivel entre las dos potencias.Pero cualquiera que busque una referencia a ese importante evento en el sitio web del Ministerio de Relaciones Exteriores de China se sentirá decepcionado, ya que esa reunión, y todas las actividades de Qin como ministro de Relaciones Exteriores, se borraron del registro luego de una reorganización vertiginosa del liderazgo este martes que vio a Qin ser reemplazado abruptamente por su predecesor Wang Yi.La sorpresiva destitución, aprobada por un órgano superior dentro de la legislatura de sello de goma de China, había seguido semanas de preguntas y especulaciones sobre el destino de Qin después de que desapareció de la vista del público a fines de junio, sin una explicación clara.El último giro en la saga, el borrado completo del manda...

Navient: Q2 Earnings Snapshot

Published Wed, 26 Feb 2025 10:13:55 GMT

WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — Navient Corp. (NAVI) on Wednesday reported second-quarter net income of $66 million.On a per-share basis, the Wilmington, Delaware-based company said it had profit of 52 cents. Earnings, adjusted for non-recurring costs, were 70 cents per share.The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.The student loan servicing company posted revenue of $1.23 billion in the period. Its adjusted revenue was $221 million, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $228.5 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NAVI at https://www.zacks.com/ap/NAVISource

Denver weather: Heat continues with afternoon storms

Published Wed, 26 Feb 2025 10:13:55 GMT

DENVER (KDVR) — Temperatures along the Font Range will be in the lower 90s Wednesday, with isolated storms in the afternoon and evening in the Denver weather forecast.Weather today: Hot and stormyPartly to mostly sunny skies will be over Denver for the first half of the day Wednesday before some afternoon storms fire up. Sweltering temperatures have air condition technicians swamped High temperatures will top out in the middle to lower 90s with an afternoon breeze. Storms will push into the plains this evening.Pinpoint Weather: Daily forecast on July 26.Weather tonight: Partly cloudy, warmWinds will begin to slow overnight with some clouds sticking around. Low temperatures will dip into the middle 60s, keeping the Front Range above average for this time of year.Pinpoint Weather: Overnight forecast on July 26. Looking ahead: Storm chances continueThe above-average temperatures will stay through the rest of the week with highs in the lower to middle 90s on Thursday and Friday. C...

Platteville cop says she didn't notice train tracks when putting suspect in car

Published Wed, 26 Feb 2025 10:13:55 GMT

GREELEY, Colo. (AP) — A Colorado police officer on trial for putting a handcuffed woman in a parked police vehicle that was hit by a freight train testified Tuesday that she did not realize the officer who had arrived before her had parked it on the tracks.After racing to the scene, Officer Jordan Steinke said, she quickly parked her patrol vehicle behind the other one and got out because it was the quickest way “to get a gun in the fight” — hers. She explained that she was surprised the other officer was still sitting in his vehicle. Woman in back of police car hit by train files lawsuit Steinke also said she did not notice the tracks or the ground when she squatted down to arrest a kneeling Yareni Rios-Gonzalez after the suspect was ordered out of her pickup truck. The tracks and railroad crossing signs can be seen in her body camera video from the Sept. 16, 2022, incident.When pressed by Deputy District Attorney Christopher Jewkes, Steinke replied “I am sure I saw the tracks si...

Rockies place outfielder Kris Bryant on 10-day injured list with fractured finger

Published Wed, 26 Feb 2025 10:13:55 GMT

WASHINGTON (AP) — The Colorado Rockies placed outfielder Kris Bryant on the 10-day injured list with a fractured left index finger.The team said Tuesday the move is retroactive to Saturday.Bryant was hit by a pitch on his left hand in the fourth inning Saturday against the Marlins. Initial X-rays were negative. Manager Bud Black said Bryant experienced soreness, and further imaging was conducted in Washington, where the Rockies are playing the Nationals, indicating the fracture. Could a cooler July mean a better season for the Rockies? Bryant is hitting .251 with eight homers and 23 RBIs in 65 games.The Rockies recalled infielder Elehuris Montero and right-handed pitcher Riley Pint from Triple-A Albuquerque, while right-hander pitcher Karl Kauffmann, who earned his first major league win Monday night, was optioned to Albuquerque.Montero hit .198 with two homers and 13 RBIs in two prior stints with Colorado this season. Pint, a rookie, appeared in one game for the Rockies earlier t...