Kelly Services Q4 adjusted earnings of $0.41 per share

Kelly Services (KELYB) reported earnings for its fourth quarter that increased from the same period last year.

The company’s earnings totaled $23.4 million, or $0.59 per share. This compares with $17.0 million, or $0.43 per share, in last year’s fourth quarter.

Excluding items, Kelly Services reported adjusted earnings of $16.5 million or $0.41 per share for the period.

The company’s revenue for the quarter fell 7.5% to $1.24 billion from $1.34 billion last year.

Kelly Services earnings at a glance:

-Earnings (Q4): $16.5 Mln. vs. $28.4 Mln. last year.
-EPS (Q4): $0.41 vs. $0.71 last year.
-Revenue (Q4): $1.24 Bln vs. $1.34 Bln last year.

Waste Management Inc Q4 adjusted earnings Beat Estimates

Waste Management Inc (WM) announced earnings for fourth quarter that dropped from the same period last year.

The company’s profit totaled $438 million, or $1.03 per share. This compares with $447 million, or $1.05 per share, in last year’s fourth quarter.

Excluding items, Waste Management Inc reported adjusted earnings of $481 million or $1.13 per share for the period.

Analysts had expected the company to earn $1.09 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 5.7% to $4.07 billion from $3.85 billion last year.

Waste Management Inc earnings at a glance:

-Earnings (Q4): $481 Mln. vs. $507 Mln. last year.
-EPS (Q4): $1.13 vs. $1.19 last year.
-Analysts Estimate: $1.09
-Revenue (Q4): $4.07 Bln vs. $3.85 Bln last year.

Cold weather payment: DWP triggers £25 payment today – full list of affected postcodes

Universal Credit: DWP rollout 'Confirm Your Identity' service

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Cold weather payment recipients will get £25 for every seven day period of very cold weather between November and March. The triggers for these payments are issued by the DWP and today, they have released their latest alerts.

The following area/postcodes were triggered for the period between February 11 to 17:

Strathallan

• FK8, FK11-19,
• G63,
• KY4-5, KY13-14,
• PH1-7, PH13

more to follow…

CrowdStrike To Acquire Humio For About $400 Mln – Quick Facts

CrowdStrike Holdings, Inc. (CRWD), a provider of cloud-delivered endpoint and cloud workload protections, said Thursday it has agreed to acquire Humio, a provider of high-performance cloud log management and observability technology.

Under the terms of the deal, CrowdStrike will pay about $400 million to acquire Humio, subject to adjustments. The purchase price will be paid predominantly in cash, with a portion delivered in the form of rollover equity awards in exchange for unvested Humio equity.

The acquisition is expected to close during CrowdStrike’s fiscal first quarter 2022.

CrowdStrike noted that the acquisition of Humio will enable it to further expand its eXtended Detection and Response or XDR capabilities by ingesting and correlating data from any log, application or feed to deliver actionable insights and real-time protection.

“The combination of real-time analytics and smart filtering built into CrowdStrike’s proprietary Threat Graph and Humio’s blazing-fast log management and index-free data ingestion dramatically accelerates our XDR capabilities beyond anything the market has seen to date,” said George Kurtz, co-founder and chief executive officer of CrowdStrike.

Atlas Air Worldwide Expects Q1 Adjusted Net Income Growth Of About 60% To 65%

While reporting its financial results for the fourth quarter on Thursday, Atlas Air Worldwide Holdings, Inc. (AAWW) said it is not providing fiscal 2021 earnings outlook at this time due to the ongoing uncertainty related to the pandemic and associated market dynamics.

However, the company said it expects first-quarter 2021 adjusted net income to grow about 60 percent to 65 percent compared with adjusted net income of $29.9 million in the first quarter of 2020.

The company added it expects to fly about 85,000 block hours in the first quarter, with revenue of about $820 million, and adjusted EBITDA of about $150 million.

Atlas Air Worldwide Holdings Inc. Q4 adjusted earnings Beat Estimates

Below are the earnings highlights for Atlas Air Worldwide Holdings Inc. (AAWW):

-Earnings: $183.97 million in Q4 vs. -$410.25 million in the same period last year.
-EPS: $6.15 in Q4 vs. -$15.86 in the same period last year.
-Excluding items, Atlas Air Worldwide Holdings Inc. reported adjusted earnings of $143.22 million or $4.83 per share for the period.
-Analysts projected $3.50 per share
-Revenue: $932.48 million in Q4 vs. $747.05 million in the same period last year.

European Economics Preview: ECB Minutes Due

The minutes of the policy-setting meeting of the European Central Bank is due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, January foreign trade data is due from Switzerland. The trade surplus totaled CHF 3.05 billion in December.

At 3.30 am ET, Statistics Sweden is scheduled to issue consumer price data for January. Inflation is forecast to rise to 1.5 percent from 0.5 percent in December.

At 4.00 am ET, industrial production and producer price figures are due from Poland. Production is expected to rise 0.6 percent on year in January, slower than the 11.2 percent increase in December.

At 6.00 am ET, Turkey’s central bank announces its interest rate decision. The bank is expected to hold its one-week repo rate at 17.00 percent.

At 7.30 am ET, the ECB releases the account of the monetary policy meeting of the governing council held on January 20 and 21. At the meeting, policymakers had decided to leave its key interest rates and asset purchases unchanged, and reaffirmed its willingness to adjust the policy tools when needed.