Tuesday, 29 Sep 2020

NetApp Inc. Q1 adjusted earnings Beat Estimates

China floods raise concerns over Three Gorges Dam's efficacy

Record high water levels and devastating floods in the south have reignited the debate over the dam’s efficacy.

Record high water levels and devastating floods in the south have reignited the debate over the dam’s efficacy.

Al Jazeera’s Katrina Yu has this report.

Portugal anti-racism rally: Anger at shooting of Black actor

A white man in his 80s has been charged with his murder.

The killing of a Black actor in Portugal has sparked anti-racism protests.

A white man in his 80s has been charged with the murder.

Al Jazeera’s Barbara Angopa reports.

Chile's $4.5bn stimulus: Boost follows months of mass protests

The demonstrations of discontent from lower-income areas are becoming increasingly violent.

Chile’s president has announced a $4.5bn boost for the economy to help soften the blow of the coronavirus pandemic.

Sebastian Pinera made the announcement during his state of the nation address.

Al Jazeera’s Lucia Newman reports from Santiago, Chile.

Milwaukee Bucks Playoff Game Delayed As Team Protests Kenosha Police Shooting

Today’s NBA playoff game between the Milwaukee Bucks and Orlando Magic has been delayed after the Bucks players and coaches refused to take the court in protest of Sunday’s shooting of Jacob Blake by police in nearby Kenosha, WI.

Game 5 of Milwaukee and Orlando’s first-round playoff game was scheduled to start at 1 p.,m. CT. The Magic came out on the court to warm up, but the Bucks didn’t and the Magic players eventually left. The Bucks’ arena, Furtiv Forum, is about 45 minutes from Kenosha.

Bucks SVP Alex Lasry tweeted: “Some things are bigger than basketball. The stand taken today by the players and org shows that we’re fed up. Enough is enough. Change needs to happen. I’m incredibly proud of our guys and we stand 100% behind our players ready to assist and bring about real change.”

Rebecca Haarlow, a reporter for NBA TV, which is airing the game, tweeted this from the arena:

Enraged Los Angeles Lakers star LeBron James tweeted in all caps: “F*CK THIS MAN!!!! WE DEMAND CHANGE. SICK OF IT.”

MORE TO COME…

Gaza declares lockdown after first COVID-19 cases found

There is worry Gaza’s healthcare system, already crippled by Israel’s blockade of the Palestinian territory, will not be able to cope if the disease becomes widespread.

A 48-hour lockdown has been declared in Gaza after the first few cases of the coronavirus community transmission were found.

There is worry Gaza’s healthcare system will not be able to cope if the disease becomes widespread.

Al Jazeera’s Harry Fawcett has more.

Japan coronavirus: Theatre resumes in Tokyo amid surge in cases

As Tokyo’s governor considers ordering a new state of emergency, the theatre is at risk of closing once more.

Japan is facing a resurgence in COVID-19 cases.

Tokyo confirmed a record 472 coronavirus infections on Saturday and the capital’s governor says a citywide state of emergency may have to be imposed.

It is a step that has already been taken in Okinawa.

Infections appear to have originated at a US military base.

In the midst of the surge in cases, many are welcoming the opening of theatres, but they may not be open for long.

Al Jazeera’s Laura Burdon-Manley reports.

Lebanon poverty: Agency says 500,000 children are going hungry

Decades of corruption and mismanagement are blamed for running the economy into the ground.

International aid agencies say a rising number of Lebanese families are losing their income and sinking into poverty.

Save the Children says half a million children are hungry in Beirut only.

It is urging the government to help the vulnerable.

Al Jazeera’s Zeina Khodr reports from Beirut, Lebanon.

Eid al-Adha: Low-key celebrations for Muslims amid pandemic

About 1.8 billion Muslims celebrate Eid amid a pandemic that has so far infected more than 16 million people.

Millions of Muslims worldwide are celebrating the Eid al-Adha holiday.

It marks the end of one of the five pillars of Islam – the Hajj pilgrimage in Mecca.

But events in Saudi Arabia and elsewhere are quite different this year because of COVID-19.

Al Jazeera’s Sara Khairat reports.

Northern England: Restrictions reimposed as COVID-19 cases surge

The prime minister has warned of the need to act fast to prevent a possible second wave.

Coronavirus restrictions have been reimposed in parts of northern England after an increase in infections.

Pubs, restaurants, cafes and gyms remain open, but some people feel being targeted.

Al Jazeera’s Jonah Hull reports from Oldham, near Manchester.

Single-engine plane with one person aboard crashes near Meadow Lake Airport

A single-engine plane with one person aboard crashed Wednesday morning near Meadow Lake Airport in Falcon, the Federal Aviation Authority said.

The crash occurred shortly after 11:30 a.m., around one mile south of the regional airport, with the Cessna T210 catching fire after impact, Allen Kenitzer, an FAA spokesman, said via email.

The FAA and National Transportation Safety Board will lead the investigation, and neither agency could immediately determine the cause of the crash.

The individual flying the plane has not been identified. The FAA also would not say what injuries the pilot suffered.

NetApp Inc. Q1 adjusted earnings Beat Estimates

NetApp Inc. (NTAP) announced earnings for first quarter that fell from last year.

The company’s earnings came in at $77 million, or $0.35 per share. This compares with $103 million, or $0.42 per share, in last year’s first quarter.

Excluding items, NetApp Inc. reported adjusted earnings of $163 million or $0.73 per share for the period.

Analysts had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 4.8% to $1.30 billion from $1.24 billion last year.

NetApp Inc. earnings at a glance:

-Earnings (Q1): $163 Mln. vs. $157 Mln. last year.
-EPS (Q1): $0.73 vs. $0.65 last year.
-Analysts Estimate: $0.41
-Revenue (Q1): $1.30 Bln vs. $1.24 Bln last year.

-Guidance:
Next quarter EPS guidance: $0.66 – $0.74
Next quarter revenue guidance: $1.225 – $1.375 Bln

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