Wednesday, 9 Oct 2024

Crown Holdings Inc. Q1 adjusted earnings Beat Estimates

Capitol riot cop died of natural causes – not allergic reaction to chemicals

Gonzaga star freshman guard Jalen Suggs declares for the NBA draft

The talent pool in the NBA draft just got a lot deeper.

Gonzaga star guard Jalen Suggs, who just completed his freshman season with the Bulldogs, announced Monday that he would be declaring for the draft.

Suggs, who is just 19 years old, made the announcement on ESPN's "The Jump" from his home in Minneapolis.

"I'm super excited," Suggs said during the broadcast. "I can't wait to take this next step in my journey. This has been something I have dreamed about since I've been a little kid. To be here now is surreal and I'm ready to get going."

Medical examiner says Capitol officer suffered a stroke, died of natural causes on Jan. 6

The D.C. medical examiner’s office says Capitol Police Officer Brian Sicknick, who was injured during the Jan. 6 insurrection, suffered a stroke and has ruled the officer died from natural causes.

Sicknick was among five people who died after the riot.

Two men have been charged with assaulting Sicknick during the riot, spraying him with bear spray.

Investigators initially believed he was hit in the head with a fire extinguisher, based on statements collected early in the investigation, according to two people familiar with the case.

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International Business Machines Q1 Profit Beats Street, Revenues Gain

International Business Machines Corp. (IBM) Monday reported an earnings for the first quarter that trumped Wall Street estimates, after the company returned to sales growth after four quarters.

Armonk, New York-based IBM reported first-quarter profit of $955 million or $1.06 per share, down from $1.18 billion or $1.32 per share last year.

Excluding items, IBM’s adjusted earnings were $1.77 per share for the period, down from $1.84 per share last year. Analysts polled by Thomson Reuters expected earnings of $1.63 per share. Analysts’ estimates typically exclude special items.

IBM’s first-quarter revenues rose 1 percent to $17.73 billion from $17.57 billion last year. Analysts had a consensus revenue estimate of $17.34 billion for the quarter.

Total cloud revenue was $6.5 billion, up 21 percent.

“Strong performance this quarter in cloud, driven by increasing client adoption of our hybrid cloud platform, and growth in software and consulting enabled us to get off to a solid start for the year,” said CEO Arvind Krishna. “While we have more work to do, we are confident we can achieve full-year revenue growth and meet our adjusted free cash flow target in 2021.”

Looking forward, the company said it expects to grow revenues for the full year 2021 based on mid-April foreign exchange rates.

IBM closed Monday’s trading at $133.12, down $0.47 or 0.35%, on the Nasdaq. The stock, however, gained $3.44 or 2.58%, in the after-hours trading.

Takeaways from the closing arguments of the Derek Chauvin trial.

By Will Wright

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Crown Holdings Inc. Q1 adjusted earnings Beat Estimates

Crown Holdings Inc. (CCK) reported a profit for its first quarter that climbed from last year.

The company’s earnings came in at $211 million, or $1.57 per share. This compares with $88 million, or $0.65 per share, in last year’s first quarter.

Excluding items, Crown Holdings Inc. reported adjusted earnings of $246 million or $1.83 per share for the period.

Analysts had expected the company to earn $1.39 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 11.6% to $3.08 billion from $2.76 billion last year.

Crown Holdings Inc. earnings at a glance:

-Earnings (Q1): $246 Mln. vs. $153 Mln. last year.
-EPS (Q1): $1.83 vs. $1.13 last year.
-Analysts Estimate: $1.39
-Revenue (Q1): $3.08 Bln vs. $2.76 Bln last year.

-Guidance:
Next quarter EPS guidance: $1.70 to $1.80
Full year EPS guidance: $6.60 to $6.80

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