1 Teen Dead, Another Critically Injured During Shooting At Regal Theater In Corona, CA

The Corona Police Department reported that at approximately 11:45 p.m. on Monday night its officers responded to a call for service at The Regal Edwards Corona Crossings RPX theater.

Upon arrival, officers located a male and female both suffering from gunshot wounds. The 19-year-old male, from Corona, was transported to a local hospital with life-threatening injuries. The 18-year-old female, also from Corona, succumbed to her injuries at the scene. Their identification is being held pending notification to the next of kin.

A spokesperson for Regal issued the following statement to Deadline: “We have received confirmation of an incident at our Corona Crossings theatre last night. We are currently working with the local authorities regarding the investigation. Our primary concern is for the safety and security of our guests and staff.”

The Corona Police Department is taking the lead on the investigation. Riverside County Sheriff’s Department Major Crimes Bureau – Forensic Services is assisting with the investigation. At this time, no additional information is available.

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Anyone with information about this investigation is encouraged to call the Corona Police Department at 951-736-2330, option 3, or Senior Detective Dan Neagu at 951-739-4916 or email [email protected].

The Regal Edwards Corona Crossings RPX theater is located at 2650 Tuscany Street in Corona.

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Apple Q3 Results Beat Street View On IPhone Sales

California-based tech giant Apple Inc (AAPL), Tuesday reported strong results for the third-quarter driven largely by the success of the iPhone. Both earnings and revenue managed to beat analysts’ estimates.

Apple said its third-quarter profit surged to $21.74 billion or $1.30 per share from $11.25 billion or $0.65 per share last year. Twenty-eight analysts polled by Thomson Reuters predicted earnings of $1.00 per share for the quarter.

Third-quarter revenues rose to $81.43 billion from $59.68 billion last year. Twenty-five analysts estimated revenues of $72.93 billion for the quarter.

The revenue was primarily driven by an increase in the sales of iPhones year-over-year. Apple, for the first time, launched a line-up of four iPhone variants with their iPhone 12 followed by the iPhone SE 2 in latter months. Sales of iPhones was $39.57 billion, compared to $26.41 billion last year. Apple’s cloud services also increased to $17.48 billion from $13.15 billion year-over-year.

While sales increased in the US and Europe, the $5.44 billion jump to $14.76 billion from $9.32 billion in Greater China has propelled the figures.

CFO of Apple, Luca Maestri said, “We generated $21 billion of operating cash flow. returned nearly $29 billion to our shareholders during the quarter, and continued to make significant investments across our business to support our long-term growth plans.”

The shares are currently trading $143.49, down $3.28 or 2.23%. The shares closed regular trading at $146.77, down $2.22 or 1.49%.

Advanced Micro Devices Inc. Q2 adjusted earnings Beat Estimates

Advanced Micro Devices Inc. (AMD) announced earnings for its second quarter that advanced from the same period last year.

The company’s profit came in at $710 million, or $0.58 per share. This compares with $157 million, or $0.13 per share, in last year’s second quarter.

Excluding items, Advanced Micro Devices Inc. reported adjusted earnings of $778 million or $0.63 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 99.5% to $3.85 billion from $1.93 billion last year.

Advanced Micro Devices Inc. earnings at a glance:

-Earnings (Q2): $778 Mln. vs. $216 Mln. last year.
-EPS (Q2): $0.63 vs. $0.18 last year.
-Analysts Estimate: $0.54
-Revenue (Q2): $3.85 Bln vs. $1.93 Bln last year.

-Guidance:
Next quarter revenue guidance: $4.0 – $4.2 Bln

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Extra Space Storage Q2 FFO Rises

Self-storage facilities operator Extra Space Storage Inc. (EXR) on Tuesday reported funds from operations or FFO of $232.3 million or $1.64 per share in the second quarter, up from $166.8 million or $1.21 per share in the same period last year.

Adjusted FFO was same in 2021 while last year it stood at $169.9 million or $1.23 per share.

The company’s profit totaled $167.95 million or $1.25 per share, higher than $102.91 million or $0.80 per share, in last year’s second quarter. Analysts had expected the company to earn $1.06 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 15.7 percent to $378.63 million from $327.25 million last year.

Looking ahead, for full year 2021, the company expects FFO and adjusted FFO between $6.60 and $6.45.

Language learning app Duolingo prices IPO at $102 per share

July 27 (Reuters) – Language learning app Duolingo said on Tuesday it priced its initial public offering of Class A common stock at $102 per share.

The company said it is offering 3.7 million shares of Class A common stock while stockholders are offering 1.4 million shares of Class A common stock. (refini.tv/3747rzb)

On Monday, the company raised the price target range for its IPO to between $95 and $100 per share from the previously set range of $85 to $95 per share.