Thursday, 2 Feb 2023

Qantas flight to Sydney issues mayday, reports mid-air engine trouble

Denver metro area school closures for Jan. 18, 2023

On days with severe weather, school closures and government office closures will be updated throughout the day.

A status of “Other” means there is an early closing or some cancellations — check the website by clicking the name in the list.

To submit closure or delay information to The Denver Post, email [email protected]

Progress Software Corp Q4 Profit Increases, beats estimates

Progress Software Corp (PRGS) reported earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company’s bottom line totaled $23.71 million, or $0.54 per share. This compares with $14.93 million, or $0.33 per share, in last year’s fourth quarter.

Excluding items, Progress Software Corp reported adjusted earnings of $49.24 million or $1.12 per share for the period.

Analysts on average 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 12.1% to $157.13 million from $140.13 million last year.

Progress Software Corp earnings at a glance (GAAP) :

-Earnings (Q4): $23.71 Mln. vs. $14.93 Mln. last year.
-EPS (Q4): $0.54 vs. $0.33 last year.
-Analyst Estimate: $1.09
-Revenue (Q4): $157.13 Mln vs. $140.13 Mln last year.

-Guidance:
Next quarter EPS guidance: $1.04 – $1.08
Next quarter revenue guidance: $157 – $161 Mln

European Economics Preview: Italy Retail Sales Data Due

Retail sales from Italy and industrial production from Spain are the top economic news due on Wednesday, headlining a very light day for the European economic news.

At 3.00 am ET, Spain’s INE releases industrial production for November. Production had increased 2.5 percent annually in October.

In the meantime, the Czech Statistical Office is scheduled to issue consumer prices for December. Inflation is forecast to rise to 16.4 percent from 16.2 percent in November.

At 4.00 am ET, November retail sales data is due from Italy. Sales had decreased 0.4 percent on month in October.

At 6.00 am ET, Ireland’s unemployment data is due for December.

HANCOCK WHITNEY CORP Q4 income in line with estimates

HANCOCK WHITNEY CORP (HWC) revealed earnings for fourth quarter in line with the Street estimates.

The company’s earnings totaled $143.8 million, or $1.65 per share. This compares with $1377 million, or $1.55 per share, in last year’s fourth quarter.

Analysts on average had expected the company to earn $1.65 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

HANCOCK WHITNEY CORP earnings at a glance (GAAP) :

-Earnings (Q4): $143.8 Mln. vs. $1377 Mln. last year.
-EPS (Q4): $1.65 vs. $1.55 last year.
-Analyst Estimates: $1.65

Man’s body found on Arvada sidewalk near bus stop

The body of a man was found Tuesday morning on a sidewalk in Arvada, police said.

A passerby spotted the man at about 8 a.m. Tuesday in the 9800 block of West 58th Avenue, near a bus stop, and called 911, police said. Emergency responders determined that the man was dead at the scene.

An investigation is ongoing.

 

Continental Expects To Achieve 2022 Sales, Adj. Margin Outlook, Despite Unsatisfactory Cash Flow

Automotive supplier and tire manufacturer Continental (CTTAY.PK) said it expects to achieve its 2022 consolidated sales and adjusted margin outlook, despite the unsatisfactory cash flow situation as at the reporting date.

The Continental Group’s preliminary consolidated sales were around 10.3 billion euros in the fourth quarter and about 39.4 billion euros for fiscal 2022 compared to annual outlook of around 38.3 billion euros to 40.1 billion euros.

Adjusted EBIT margin is expected to be around 4.8% in the fourth quarter and around 5.0% for fiscal 2022 compared to annual outlook of around 4.7% to 5.7%.

Adjusted free cash flow for the Continental Group is expected to be around 1.6 billion euros in the fourth quarter and around 200 million euros for the year, compared to annual outlook of around 600 million euros to 800 million euros.
The main reason for the negative deviation is the lower-than-expected cash inflow, resulting in a correspondingly high level of receivables in the Continental Group. Another reason is the lower-than-expected earnings in the ContiTech group sector.

The company said it will publish preliminary financial results for fiscal 2022 on March 8, 2023 and its annual report on March 22, 2023.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Qantas flight to Sydney issues mayday, reports mid-air engine trouble

A Qantas flight to Sydney from New Zealand has issued a mayday alert after suffering engine trouble in the air.

Flight QF144 from Auckland, a twin-jet Boeing 737-800, is due to land at Sydney Airport at 3.25pm on Wednesday.

Emergency services were told the aircrew reported engine trouble and will meet the aircraft on the tarmac. It is expected to land safely.

A Sydney Airport spokesperson said the airport had notified Fire and Rescue, NSW Police and NSW Ambulance as a precautionary measure but could not comment on the specifics of the mayday alert.

The Qantas flight from Auckland to Sydney after it issued a mayday call.Credit:FlightRadar24

The airport does not expect the event to impact other flights at this stage.

More to come.

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