Tuesday, 1 Dec 2020

Align Technology Inc. Q3 adjusted earnings Beat Estimates

Trump says he doesn't see agreement with Democrats on stimulus

U.S. President Donald Trump walks to speak to reporters as he departs from the White House to travel to North Carolina for an election rally, in Washington, U.S., October 21, 2020. REUTERS/Al Drago

WASHINGTON (Reuters) – President Donald Trump said on Wednesday he did not see any way House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer “will be willing to do what is right for our great American workers, or our wonderful USA itself, on Stimulus.”

This $30M duplex wows with the largest outdoor space in Manhattan

Looking to hide away in an enchanted secret garden? Try the terrace duplex at 100 E. 53rd St. On the market for $29.75 million, it boasts the largest private, continuous outdoor space in Manhattan.

The 5,272-square-foot terrace is complemented by a 6,646-square-foot, four-bedroom condo on the 10th and 11th floors of a 63-story tower developed by Aby Rosen. The duplex boasts a Norman Foster-designed sculptural staircase, a double-height entry, a chef’s kitchen and private elevator access. The listing broker is Leonard Steinberg of Compass.

“It’s the biggest private terrace in Manhattan,” he says. “Your very own private Central Park!”

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Jennifer Connelly, Paul Bettany’s former Brooklyn mansion asks $12.9M

We hear the former home of Oscar-winning actress Jennifer Connelly and her Marvel-man husband Paul Bettany is (unofficially) back on the market for $12.9 million. The 25-foot-wide limestone mansion, built in 1899, faces Prospect Park. Its previous sale in 2015 set real estate records at the time.

The home’s 6,500 square feet include seven bedrooms and three-and-a-half bathrooms along with exquisite details: original stained glass, mahogany columns, herringbone floors, carved mantels and five working gas fireplaces. There’s even a 600-bottle wine cellar hidden under the home’s front stoop, along with a chef’s kitchen, an entire children’s floor and an outdoor kitchen. A dumbwaiter offers old-school charm, while integrated sound and security systems keep things modern.

When Connelly and Bettany bought the mansion for $3.7 million back in 2003, they were considered Brooklyn pioneers. They sold it in 2008 for $8.45 million to a Google exec, who in turn sold it for $12.4 million to a family trust linked to Apollo Global Management. It was listed again last February but yanked off the market due to COVID-19, sources say.

“Everyone who has owned this home has improved it,” notes Douglas Elliman broker Lindsay Barton Barrett, who reps the home’s current finance family owners. “The level of detail and how the home has evolved over time is really special.”

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Continental AG: Impairments, Restructuring Expenses To Result In Negative Value For Q3 Reported EBIT

Continental AG (CTTAY.PK) reported preliminary consolidated sales of the Group for the third quarter of fiscal 2020 of EUR 10.295 billion, versus EUR 11.103 billion in the prior year quarter. Adjusted EBIT margin for the quarter was 8.1%.

Sales in Automotive Technologies declined to EUR 4.101 billion, whereas Sales in Rubber Technologies was down slightly to EUR 4.333 billion. Sales in Powertrain Technologies were EUR 1.909 billion.

Continental AG said its financial results in the quarter are above current average analyst expectations. However, the company expects impairments and restructuring expenses to result in a negative value for reported EBIT and also result in a negative value for net income attributable to shareholders.

The company expects to recognize goodwill impairments of EUR 649 million in the Vehicle Networking and Information business area. Additionally, restructuring expenses and asset impairments that are part of the expanded “Transformation 2019-2029” structural program resulted in expenses of EUR 687 million in the quarter.

Rudy Giuliani’s ‘Borat 2’ Appearance Arouses Interest Of Twitter Users

Rudy Giuliani’s appearance in “Borat 2” is arousing a lot of interest on Twitter.

In one scene of the film, which officially premieres Friday on Amazon Prime, the former New York City mayor is seen touching himself in the presence of a woman who’s posing as a conservative reporter.

The woman is Bulgarian actress Maria Bakalova, 24, who in the movie portrays Borat’s teenage daughter.

The scene ends when star Sacha Baron Cohen, playing Borat, bursts into the room and says, “She’s 15, she’s too old for you!”

Yes, we know: Pictures or it didn’t happen.

Naturally, Twitter users had strong opinions.

Some imagined the conversations going on right now in the Trump camp.

Some drew comparisons between Giuliani and CNN legal affairs analyst and New Yorker staff writer Jeffrey Toobin, who was suspended on Monday for exposing himself during a Zoom meeting.

Giuliani hasn’t commented on his onscreen touchiness, but he told the New York Post in early July that he’d been pranked by Baron Cohen.

“This guy comes running in, wearing a crazy, what I would say was a pink transgender outfit,” Giuliani said at the time. “It was a pink bikini, with lace, underneath a translucent mesh top, it looked absurd. He had the beard, bare legs, and wasn’t what I would call distractingly attractive.”

Align Technology Inc. Q3 adjusted earnings Beat Estimates

Align Technology Inc. (ALGN) announced a profit for its third quarter that advanced from last year.

The company’s bottom line totaled $139.37 million, or $1.76 per share. This compares with $102.52 million, or $1.28 per share, in last year’s third quarter.

Excluding items, Align Technology Inc. reported adjusted earnings of $177.86 million or $2.25 per share for the period.

Analysts had expected the company to earn $0.54 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 20.9% to $734.14 million from $607.34 million last year.

Align Technology Inc. earnings at a glance:

-Earnings (Q3): $177.86 Mln. vs. $118.44 Mln. last year.
-EPS (Q3): $2.25 vs. $1.48 last year.
-Analysts Estimate: $0.54
-Revenue (Q3): $734.14 Mln vs. $607.34 Mln last year.

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