Stock Alert: NXP Semiconductors Hits New 52-week High On Upbeat Quarterly Results

Shares of NXP Semiconductors N.V. (NXPI) are rising almost 4 percent or $6.74 in Tuesday’s morning trade at $178.27, after hitting a new 52-week high of $183.00.

Monday, NXP Semiconductors said its net income for the fourth quarter surged to $309 million or $1.08 per share from $114 million or $0.40 per share in the year-ago period. Total revenue for the quarter grew 9 percent to $2.51 billion from $2.30 billion in the prior-year quarter.

For the first quarter, NXP Semiconductors forecast revenue in a range of $2.475 billion to $2.625 billion, representing an increase of 22 percent to 30 percent year-over-year.

NXP Semiconductors has traded in a range of $58.41 to $183.00 in the past 52 weeks.

Stock Alert: Atkore International Group Touches New High Following Q1 Results, Outlook

Shares of Electrical Raceway products maker Atkore International Group Inc. (ATKR) are climbing more than 12% Tuesday morning on better-than-expected first-quarter results. The company also raised its full-year outlook.

Net income in the first quarter increased to $85.07 million or $1.75 per share compared with $34.79 million or $0.71 per share in the same quarter a year ago.

On an adjusted basis, EPS was $1.88 per share, that beat the average estimate of analysts polled by Thomson Reuters at $1.2 per share.

Net sales for the quarter were up 14.2% year-over-year at $511.1 million. The consensus estimate was for $456.79 million.

Looking forward to the full year, Atkore expects revenue to increase between 16% and 20% and EPS to be in the range of $5.65 – $5.95. Analysts see earnings of $4.19 per share on revenue growth of 5.6% for the period.

ATKR hit a new 52-week high of $53.58 this morning and currently trading at $52.

Stock Alert: Harley-Davidson Slides 19% After Quarterly Results Miss Estimates

Shares of Harley-Davidson, Inc. (HOG) are losing almost 19 percent or $7.52 in Tuesday’s morning trade at $32.63 after the motorcycle maker’s fourth-quarter results missed analysts’ estimates.

Tuesday, Harley-Davidson reported fourth-quarter net loss of $96.40 million or $0.63 per share compared to net income of $13.50 million or $0.09 per share in the year-ago period. Adjusted loss was $0.44 per share, compared to adjusted earnings of $0.20 per share in the prior-year quarter. Consolidated revenue for the quarter fell 32 percent to $725 million from $1.07 billion last year. Revenue from the Motorcycles and Related products segment dropped 39 percent to $531 million.

Analysts polled by Thomson Reuters had a consensus estimate for earnings of $0.14 per share for the quarter on revenues of $772.96 million.

Harley-Davidson has traded in a range of $14.31 to $43.47 in the past 52 weeks.

Herald morning quiz: February 3

Test your brains with the Herald’s morning quiz. Be sure to check back on nzherald.co.nz at 3pm for the afternoon quiz.

To challenge yourself with more quizzes, CLICK HERE.

Stock Alert: Harley-Davidson Slides 19% After Quarterly Results Miss Estimates

Shares of Harley-Davidson, Inc. (HOG) are losing almost 19 percent or $7.52 in Tuesday’s morning trade at $32.63 after the motorcycle maker’s fourth-quarter results missed analysts’ estimates.

Tuesday, Harley-Davidson reported fourth-quarter net loss of $96.40 million or $0.63 per share compared to net income of $13.50 million or $0.09 per share in the year-ago period. Adjusted loss was $0.44 per share, compared to adjusted earnings of $0.20 per share in the prior-year quarter. Consolidated revenue for the quarter fell 32 percent to $725 million from $1.07 billion last year. Revenue from the Motorcycles and Related products segment dropped 39 percent to $531 million.

Analysts polled by Thomson Reuters had a consensus estimate for earnings of $0.14 per share for the quarter on revenues of $772.96 million.

Harley-Davidson has traded in a range of $14.31 to $43.47 in the past 52 weeks.

Rockies trade Nolan Arenado live blog: Updates from Colorado’s news conference – The Denver Post

The Colorado Rockies host a news conference on Tuesday, Feb. 2, 2021, a day after completing the trade of star third baseman Nolan Arenado to the St. Louis Cardinals.

Mobile users, if you can’t see the live blog, tap here.

SAG-AFTRA’s Gabrielle Carteris Urges Members To Lobby Congress For $1.9 Trillion Covid-19 Relief Package

SAG-AFTRA president Gabrielle Carteris is urging the union’s 160,000 members to contact their representatives in Congress and tell them to support the $1.9 trillion American Rescue Plan. “Your participation is needed,” she said in a posting on the union’s website. “Please let your representatives and senators know today how important Covid-19 economic relief is.”

“Elections are over, your votes have been counted, and we ask those elected to honor the promises made to help those in need,” she wrote. “We applaud the Biden administration’s American Rescue Plan and we ask that Congress take action on it expeditiously.”

The benefits in the Plan include: $1,400 direct stimulus payments; an increase in the federal stipend for unemployment insurance from $300 a week to $400 a week through September; an extension of the Pandemic Unemployment Assistance program and the Pandemic Emergency Unemployment Compensation program through September, and a federal subsidy through September of COBRA premiums for those who lost their work-based health insurance.

The benefits of the $900 billion Economic Relief Bill adopted in December are set to expire in March, but Carteris noted that “Covid-19 will not expire in March.”

Contact information for members of the House of Representatives can be found here.

Contact information for members of the U.S. Senate can be found here.

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