Fire bans issued in Cochrane, Rocky View County following grass fires in area

Two of Calgary’s surrounding municipalities have issued fire bans on Monday, less than 24 hours after a grass fire entered city limits.

The municipal district of Rocky View County cited dry and windy conditions as the reason for the fire ban.

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Guns, ammunition seized in raid near Melita, Man.

A joint investigation by Winnipeg police and RCMP led to a large seizure of illegal guns and ammunition earlier this month.

Officers raided a home just outside Melita, Man., on April 18, seizing more than 30 prohibited, restricted and non-restricted guns, ammunition, and a small amount of cocaine.

The raid followed an investigation by Virden and Melita RCMP, the force’s national weapons enforcement support team, and Winnipeg police.

Coronavirus: USask program helping those with neurological conditions stay active

The University of Saskatchewan has launched a virtual online program to provide those with neurological conditions with a way to stay active during the coronavirus pandemic.

NeuroSask: Stay Active and Connect, which started on April 23, offers hour-long sessions from researchers and medical experts at the university, divided into two parts.

Amkor Technology Q1 Results Tops Street; Shares Up 8%

Shares of Amkor Technology, Inc. (AMKR) gained over 8% on extended session Monday after the company reported a first-quarter earnings and revenues that trumped Wall Street estimates.

AMKR closed Monday’s regular trading at $10.19, up $0.78 or 8.29%, on the Nasdaq. The stock further gained $0.83 or 8.15% in the after-hours trading.

Commenting on the results, CEO Steve Kelley said, “First quarter revenue grew almost 30% year-on-year, driven by strength in the communications and consumer markets. Our factory team executed remarkably well in a challenging environment.”

Tempe, Arizona-based Amkor reported first-quarter profit to $64 million or $0.26 per share from last year’s loss of $23 million or $0.10 per share. Analysts polled by Thomson Reuters expected earnings of $0.15 per share. Analysts’ estimates typically exclude special items.

Revenues for the quarter rose 30% to $1.153 billion from $895 million last year. Analysts had a consensus revenue estimate of $1.10 billion.

“Strong year over year revenue growth drove profitability well above year-ago levels,” said CFO Megan Faust. “We will continue to make strategic investments to support growth in our target markets while being cautious with discretionary spending.”

Looking forward to the second quarter, Amkor expects sales of $1.00 billion to $1.10 billion million and to report between a loss of $0.13 to an earnings of $0.08 per share. Analysts currently estimate earnings of $0.11 per share and revenues of $996.15 million.

PPG Industries Inc. Q1 adjusted earnings Beat Estimates

PPG Industries Inc. (PPG) reported earnings for first quarter that fell from last year.

The company’s earnings came in at $243 million, or $1.02 per share. This compares with $312 million, or $1.31 per share, in last year’s first quarter.

Excluding items, PPG Industries Inc. reported adjusted earnings of $282 million or $1.19 per share for the period.

Analysts had expected the company to earn $1.18 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 6.6% to $3.38 billion from $3.62 billion last year.

PPG Industries Inc. earnings at a glance:

-Earnings (Q1): $282 Mln. vs. $330 Mln. last year.
-EPS (Q1): $1.19 vs. $1.38 last year.
-Analysts Estimate: $1.18
-Revenue (Q1): $3.38 Bln vs. $3.62 Bln last year.

Celanese Corp. Q1 adjusted earnings Beat Estimates

Celanese Corp. (CE) announced earnings for first quarter that decreased from last year.

The company’s earnings came in at $218 million, or $1.82 per share. This compares with $337 million, or $2.63 per share, in last year’s first quarter.

Excluding items, Celanese Corp. reported adjusted earnings of $275 million or $2.29 per share for the period.

Analysts had expected the company to earn $2.25 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 13.6% to $1.46 billion from $1.69 billion last year.

Celanese Corp. earnings at a glance:

-Earnings (Q1): $275 Mln. vs. $336 Mln. last year.
-EPS (Q1): $2.29 vs. $2.62 last year.
-Analysts Estimate: $2.25
-Revenue (Q1): $1.46 Bln vs. $1.69 Bln last year.

Principal Financial Group Inc. Q1 adjusted earnings Beat Estimates

Principal Financial Group Inc. (PFG) released earnings for first quarter that decreased from last year.

The company’s earnings totaled $288.9 million, or $1.04 per share. This compares with $429.9 million, or $1.53 per share, in last year’s first quarter.

Excluding items, Principal Financial Group Inc. reported adjusted earnings of $319.6 million or $1.15 per share for the period.

Analysts had expected the company to earn $1.13 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

Principal Financial Group Inc. earnings at a glance:

-Earnings (Q1): $319.6 Mln. vs. $400.3 Mln. last year.
-EPS (Q1): $1.15 vs. $1.43 last year.
-Analysts Estimate: $1.13