Thursday, 3 Dec 2020

Rent-A-Center Q3 Profit Surges

Annaly Capital Management Inc. Q3 adjusted earnings Beat Estimates

Below are the earnings highlights for Annaly Capital Management Inc. (NLY):

-Earnings: $1.02 billion in Q3 vs. -$747.06 billion in the same period last year.
-EPS: $0.70 in Q3 vs. -$0.54 in the same period last year.
-Excluding items, Annaly Capital Management Inc. reported adjusted earnings of $446.81 million or $0.32 per share for the period.
-Analysts projected $0.26 per share

Pinterest beats quarterly sales estimates, shares jump 15%

Why Pinterest stock is a coronavirus lockdown winner

Joyance Partners investment partner Holly Jacobus provides insight into social media and DIY app Pinterest’s success and the strategy of investing in ‘companies that create delightful moments.’

Image-sharing company Pinterest Inc beat Wall Street estimates for third-quarter revenue on Wednesday, helped by a rebound in spending on advertisement by businesses after a deep slump in the early months of the COVID-19 pandemic.

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Shares of the company were up 15% in extended trading.

PINTEREST IS PROHIBITING CULTURALLY INAPPROPRIATE HALLOWEEN COSTUMES

Monthly active users jumped 37% to 442 million during the third quarter, as more individuals turned to the social network to stay connected and entertained during the pandemic.

Pinterest generates revenue by placing advertisements next to the Pins, or posts, uploaded on the site by users.

The company said it grew active advertiser base, and noted demand was broad based, as businesses increasingly adapt to the post-pandemic environment.

Revenue in the United States, the company’s largest market, jumped 49% to $374 million.

It reported average revenue of $1.03 per user, above FactSet estimates of 90 cents.

Pinterest’s total revenue soared 58% to $443 million, well ahead of analysts’ average estimate of $383.5 million, according to IBES data from Refinitiv.

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Expert-Approved Ways for Helping a Friend Get Out of a Qanon Rabbit Hole

This has been the year of QAnon, the viral conspiracy theory whose supporters spread false information about things like the 2020 election, Black Lives Matter, sex-trafficking, vaccines, and the coronavirus pandemic—and believe that President Donald Trump is the national savior. The movement has gotten so dangerous that the FBI has officially declared it a domestic terror threat and tech giants like Facebook, Etsy, Twitter, and YouTube are now outright banning QAnon content on their platforms. But conspiracy theories have been around since the dawn of time (looking at you, flat earthers), so what makes QAnon especially threatening, particularly in the months leading up to the election?

To put it simply, our president refuses to condemn the believers because they support him. Trump has applauded the conspiracists for “loving their country,” and in August, when he was asked whether he would disavow the Q conspiracy theory, he said, “I don’t know much about the movement other than I understand they like me very much, which I appreciate.”

The theory has infiltrated the lives of thousands, if not millions, of Americans, so if your friend has started tagging you in Q-related memes or sending you links that seem alarming, you’re not alone.

Stoneridge Inc. Q3 adjusted earnings of $0.18 per share

Stoneridge Inc. (SRI) revealed a profit for its third quarter that climbed from last year.

The company’s profit totaled $6.71 million, or $0.25 per share. This compares with $6.66 million, or $0.24 per share, in last year’s third quarter.

Excluding items, Stoneridge Inc. reported adjusted earnings of $4.9 million or $0.18 per share for the period.

The company’s revenue for the quarter fell 13.6% to $175.76 million from $203.39 million last year.

Stoneridge Inc. earnings at a glance:

-Earnings (Q3): $4.9 Mln. vs. . last year.
-Revenue (Q3): $175.76 Mln vs. $203.39 Mln last year.

-Guidance:
Next quarter EPS guidance: ($0.05) to $0.05

Waste Connections Q3 Profit Down

Waste Connections, Inc. (WCN) Wednesday reported third-quarter net income of $158.0 million or $0.60 per share, compared with last year’s profit of $159.1 million or $0.60 per share.

Adjusted income in the third quarter was $188.6 million or $0.72 per share, down from $192.9 million or $0.73 per share last year.

Revenues for the third quarter dropped to $1.39 billion from $1.41 billion last year.

Analysts polled by Thomson Reuters expected earnings of $0.66 per share on revenues of $1.38 billion. Analysts’ estimates typically exclude special items.

O`Reilly Automotive Inc. Q3 Profit Climbs

O`Reilly Automotive Inc. (ORLY) announced earnings for its third quarter that climbed from the same period last year.

The company’s bottom line came in at $527.25 million, or $7.07 per share. This compares with $391.29 million, or $5.08 per share, in last year’s third quarter.

Analysts had expected the company to earn $6.19 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 20.2% to $3.21 billion from $2.67 billion last year.

O`Reilly Automotive Inc. earnings at a glance:

-Earnings (Q3): $527.25 Mln. vs. $391.29 Mln. last year.
-EPS (Q3): $7.07 vs. $5.08 last year.
-Analysts Estimate: $6.19
-Revenue (Q3): $3.21 Bln vs. $2.67 Bln last year.

Rent-A-Center Q3 Profit Surges

Rent-A-Center Inc. (RCII) Wednesday reported third-quarter net income of $64.0 million or $1.15 per share, up from $31.3 million or $0.56 per share last year.

Adjusted earnings were $1.04 per share, up from $0.47 per share last year.

Revenues for the quarter increased 9.6% to $712.0 million from $649.4 million last year, primarily due to an increase in same store sales revenue of 12.9 percent in the Rent-A-Center Business segment and a 9.3 percent increase in total revenues in the Preferred Lease segment.

Analysts polled by Thomson Reuters expected earnings of $0.96 per share on revenues of $702.76 million.

Looking forward to full-year 2020, the company now expects adjusted earnings of $3.35 to $3.50 per share and revenues of $2.795 billion to $2.825 billion. Previously, the company expected adjusted earnings of $3.15 to $3.45 per share and revenues of $2.78 billion to $2.83 billion. Analysts currently expect earnings of $3.28 per share on revenues of $2.80 billion.

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