Ryder System Inc. Q4 adjusted earnings Miss Estimates

Below are the earnings highlights for Ryder System Inc. (R):

-Earnings: $25.6 million in Q4 vs. -$53.5 million in the same period last year.
-EPS: $0.48 in Q4 vs. -$1.02 in the same period last year.
-Excluding items, Ryder System Inc. reported adjusted earnings of $43.9 million or $0.83 per share for the period.
-Analysts projected $0.95 per share
-Revenue: $2.21 billion in Q4 vs. $2.28 billion in the same period last year.

-Guidance:
Next quarter EPS guidance: $0.50 – $0.60

Bitcoin surges to all-time high after BNY Mellon embraces cryptocurrencies

LONDON (Reuters) – Bitcoin on Thursday jumped over 8% to an all-time high of $48,481 after Bank of NY Mellon said it had formed a new unit to help clients hold, transfer and issue digital assets.

The new unit at BNY Mellon, called the Digital Assets unit, is expected to roll out the offerings later this year, the bank said.

Bitcoin was last up 5.7% at $47,387.

Two shot, one dead in Wednesday night Green Valley Ranch shooting

Two were shot in Denver’s Green Valley Ranch neighborhood before 8 p.m. on Wednesday.

One man was pronounced dead at a hospital, while another remains in critical condition.

The incident occurred on the corner of Green Valley Ranch Parkway and Memphis Street.

Denver Police are still investigating the shooting. No information has been made available about either of the men who were shot.

Police are asking anyone with information to call 720-913-2000.

Cohu Q4 Profit Tops Estimates

Cohu, Inc. (COHU) reported fourth-quarter adjusted profit per share of $0.73 compared to a loss of $0.01, prior year. On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.61, for the quarter. Analysts’ estimates typically exclude special items.

Fourth-quarter sales were $202.4 million compared to $142.0 million, a year ago. Analysts expected revenue of $197.76 million, for the quarter.

Cohu expects first quarter sales to be between $212 million and $232 million.

National Retail Properties Issues 2021 Guidance

National Retail Properties, Inc. (NNN), a real estate investment trust, announced 2021 core FFO guidance of $2.55 to $2.62 per share and estimated AFFO to be $2.77 to $2.84 per share. The Core FFO guidance equates to net earnings of $1.42 to $1.49 per share, plus $1.13 per share of expected real estate depreciation and amortization and excludes any gains from the sale of real estate, and any charges for impairments.

Fourth quarter net earnings per common share was $0.33 compared to $0.34, a year ago. Revenues declined to $163.28 million from $173.38 million.

Police declare 'mass casualty event' after 100 cars crash in huge Texas pile-up

A horrific crash involving at least 100 cars in Texas has been declared as a ‘mass casualty event’.

Icy conditions during the morning rush hour has led to a deadly pile-up on a freeway in Forth Worth.

The fire department has said that multiple people are trapped in vehicles following the incident at 7am.

This is a breaking story, more to follow…

Bitcoin surges to all-time high after BNY Mellon embraces cryptocurrencies

LONDON (Reuters) – Bitcoin on Thursday jumped over 8% to an all-time high of $48,481 after Bank of NY Mellon said it had formed a new unit to help clients hold, transfer and issue digital assets.

The new unit at BNY Mellon, called the Digital Assets unit, is expected to roll out the offerings later this year, the bank said.

Bitcoin was last up 5.7% at $47,387.

Kellogg Company Q4 adjusted earnings of $0.86 per share

Kellogg Company (K) reported earnings for its fourth quarter that rose from the same period last year.

The company’s profit totaled $205 million, or $0.59 per share. This compares with $152 million, or $0.42 per share, in last year’s fourth quarter.

The company’s revenue for the quarter rose 7.5% to $3.46 billion from $3.22 billion last year.

Kellogg Company earnings at a glance:

-Earnings (Q4): . vs. . last year.
-EPS (Q4): $0.86 vs. $0.91 last year.
-Revenue (Q4): $3.46 Bln vs. $3.22 Bln last year.

Elon Musk's brother Kimbal sells $25 million worth of Tesla shares

Kimbal Musk, brother of Tesla CEO Elon Musk, sold 30,000 shares of the electric car maker this month for roughly $25.6 million, according to a securities filing.

The younger Musk is a member of the board at the pioneering automaker. Another director, Antonio Gracias, sold more than 150,000 shares earlier this month, according to securities filings.

The sales come after a dramatic run for Tesla, which joined the S&P 500 late last year. Its stock price is up more than 400% in the past 12 months but has stalled in recent weeks and is down slightly over the past month.

Kimbal Musk's sales came at just above $850 per share, according to securities filings. Tesla's stock closed at just under $805 per share on Wednesday.

The sale represents about 5% of the younger Musk's stake in Tesla. He held 600,000 shares as of October, according to FactSet, making him the fifth largest insider stockholder. He also sold a large amount of stock last September.

Musk, a restaurateur, was previously a board member for Chipotle Mexican Grill.