EARNINGS SUMMARY: Details of Curis Inc Q4 Earnings Report

Below are the earnings highlights for Curis Inc (CRIS):

-Earnings: -$8.61 million in Q4 vs. -$5.94 million in the same period last year.
-EPS: -$0.26 in Q4 vs. -$0.18 in the same period last year.
-Revenue: $3.29 million in Q4 vs. $2.76 million in the same period last year.

Cintas Corporation Q3 adjusted earnings Beat Estimates

Cintas Corporation (CTAS) released earnings for its third quarter that increased from the same period last year.

The company’s earnings came in at $234.52 million, or $2.16 per share. This compares with $203.33 million, or $1.85 per share, in last year’s third quarter.

Analysts had expected the company to earn $2.02 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 7.7% to $1.81 billion from $1.68 billion last year.

Cintas Corporation earnings at a glance:

-EPS (Q3): $2.16 vs. $1.84 last year.
-Analysts Estimate: $2.02
-Revenue (Q3): $1.81 Bln vs. $1.68 Bln last year.

L.A. County Confirms Second Death From Coronavirus – Watch Update

Los Angeles County public health officials have confirmed a second person in the county has died from coronavirus.

The person who died lived in a “small community” near Pasadena, was between 30 and 50 years old and had an unspecified underlying health conditions, said Dr. Barbara Ferrer, head of the county Department of Public Health.

The county has 40 new cases of coronavirus, bringing the total to 230, not including two new cases reported this morning in Long Beach, which brings its total to 12.

During a video update this morning, official noted that drive-through testing has been ramped up in the county.

Officials also issued a plea for blood donations, saying there is currently a critical shortage.

Several counties in the state have implemented shelter-in-place orders, but so far L.A. County is not among them. In addition to eight counties in the San Francisco Bay area, shelter-in-place mandates are in place in San Luis Obispo, Monterey, Fresno and Yolo counties.

The State Department also is warning U.S. citizens not to travel abroad due to the coronavirus pandemic, issuing its highest level travel alert.

You can watch the LA County Public Health Department’s daily video update below.

Tech Darlings Back in Charge While Traders Bet on Old Winners

Technology heavyweights are back in the driver’s seat as the stock market struggles to get off the ropes.

The NYFANG Index, which contains the tech quartet as well as the likes of Apple Inc., Nvida Corp. and Twitter Inc., is posting gains of about 4% in trading Thursday. Gains in expensive software stocks as well as Microsoft Corp. aren’t far behind. And shares of Tesla Inc. are up more than 13% one day after having erased gains of nearly 120% in 2020.

The tech-heavy Nasdaq 100 Index is up more than 1% with the S&P 500 Index little changed as of 11:03 a.m. in New York.

High-growth stocks were the key contributors to the S&P 500’s advance to fresh all-time highs earlier this year. Investors bottom-feeding in these names may be a sign that investors are betting these names will be the ones to help rescue stocks from the coronavirus-induced bear market.

Amazon halts grocery orders to restock amid surging demand

Amazon worker tests positive for coronavirus in New York

An Amazon warehouse worker has tested positive for coronavirus in Queens, New York. FOX Business’ Susan Li with more.

Amazon.com Inc said on Thursday it has halted its Prime Pantry delivery service in the United States to restock groceries, following a surge in online orders by shoppers worried about the coronavirus pandemic.

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"Amazon Pantry is not accepting new orders at this time while we work to fulfill open orders and restock items following increased demand," a company spokesperson said.

CORONAVIRUS PRICE-GOUGING COMPLAINTS SURGE

The service, which sells non-perishable groceries from cereals to soaps, has seen huge demand despite consumers thronging supermarkets and grocery stores for everything from toilet papers and canned foods.

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Amazon did not say when the service will be back, but said it was working with partners to get the items back in stock as quickly as possible.

The move comes after the company resorted to receive only vital supplies at its U.S. and UK and other European warehouses until April 5, as it tries to free up space for medical and household goods in high demand.

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Coronavirus death toll in Turkey rises to four, 359 confirmed cases – health minister

ISTANBUL (Reuters) – The death toll in Turkey due to the coronavirus rose to four, Health Minister Fahrettin Koca said late on Thursday, adding there was a total of 359 confirmed cases in the country.

The number of confirmed cases was 191 on Wednesday. Koca said 1,981 tests had been conducted in the past 24 hours, 168 of which came back positive.

US bond fund outflows set weekly record – Lipper

March 19 (Reuters) – U.S.-based taxable bond funds shed $55.9 billion in the week to Wednesday, the largest weekly outflow on record according to Lipper data dating back to 1992.

U.S. equity funds posted $7.45 billion in outflows, while money market funds attracted a record $148 billion as fear of the coronavirus economic impact roiled financial markets and sent investor running into cash.

Lipper also revealed a municipal bond funds outflow of $12.4 billion in the latest week, while high-yield muni funds saw $5.3 billion of withdrawals. (Reporting by Alden Bentlet; Editing by Sandra Maler)