PHOTOS: Colorado Avalanche knocked off by Seattle Kraken in Game 7, NHL Stanley Cup Playoffs – The Denver Post

The Colorado Avalanche lost to the Seattle Kraken in Game 7 of their NHL Stanley Cup Playoffs series at Ball Arena in Denver on Sunday night, April 30, 2023. The defending Stanley Cup champions fell 2-1 to the underdog Kraken.

Check Point Software Technologies Ltd Q1 Profit Increases, beats estimates

Check Point Software Technologies Ltd (CHKP) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.

The company’s earnings came in at $184.1 million, or $1.52 per share. This compares with $169.4 million, or $1.30 per share, in last year’s first quarter.

Excluding items, Check Point Software Technologies Ltd reported adjusted earnings of $217.9 million or $1.80 per share for the period.

Analysts on average had expected the company to earn $1.74 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 4.3% to $566.2 million from $542.7 million last year.

Check Point Software Technologies Ltd earnings at a glance (GAAP) :

-Earnings (Q1): $184.1 Mln. vs. $169.4 Mln. last year.
-EPS (Q1): $1.52 vs. $1.30 last year.
-Analyst Estimate: $1.74
-Revenue (Q1): $566.2 Mln vs. $542.7 Mln last year.

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Global Payments Inc. Q1 Earnings Summary

Below are the earnings highlights for Global Payments Inc. (GPN):

Earnings: -$11.04 million in Q1 vs. $244.73 million in the same period last year.
EPS: -$0.04 in Q1 vs. $0.87 in the same period last year.
Excluding items, Global Payments Inc. reported adjusted earnings of $631.26 million or $2.40 per share for the period.

Analysts projected $2.30 per share
Revenue: $2.29 billion in Q1 vs. $2.16 billion in the same period last year.

-Guidance:
Full year EPS guidance: $10.32 – $10.44
Full year revenue guidance: $8.635 – $8.735 Bln

KBR Inc Q1 Earnings Summary

Below are the earnings highlights for KBR Inc (KBR):

Earnings: $86 million in Q1 vs. -$71 million in the same period last year.
EPS: $0.56 in Q1 vs. -$0.51 in the same period last year.
Excluding items, KBR Inc reported adjusted earnings of $0.67 per share for the period.

Analysts projected $0.58 per share
Revenue: $1.703 billion in Q1 vs. $1.714 billion in the same period last year.

-Guidance:
Full year EPS guidance: $2.76 – $2.96
Full year revenue guidance: $6.9Bln-$7.1Bln

U.S. Consumer Sentiment Index For April Unrevised, Matching Expectations

Revised data released by the University of Michigan on Friday continued to show a modest improvement in U.S. consumer sentiment in the month of April.

The report said the consumer sentiment index for April was unrevised at 63.5, which was up from 62.0 in March. Economists had expected the reading to be unrevised.

The current economic conditions index rose to 68.2 in April from 66.3 in March, while the index of consumer expectations inched up to 60.5 from 59.2.

“Despite the increasingly negative news on business conditions heard by consumers, their short and long-run economic outlook improved modestly from last month,” said Surveys of Consumers Director Joanne Hsu.

She added, “These improvements were balanced by worsening assessments of personal finances due to higher expenses, reflecting the ongoing pain stemming from continued high prices.”

Meanwhile, the University of Michigan said year-ahead inflation expectations jumped to 4.6 percent in April from 3.6 percent in March.

Five-year inflation expectations also crept up to 3.0 percent in April from 2.9 percent in the previous month.

Oil Plunges Amidst Worries Over Fed, China

Crude oil prices plunged close to 2 percent on Monday as fears of further monetary tightening by the Fed triggered worries about economic growth and the potential demand for crude oil. Weak PMI data from China exacerbated the negative sentiment, draining out the euphoria surrounding OPEC’s output cut that took effect this month.

The CME FedWatch tool, currently indicates that markets have priced in an 89.5 percent probability for a 25-basis points rate hike by the Fed in the forthcoming review on Wednesday. The same was 83.9 percent a day earlier and 90.5 percent a week earlier.

Data released from China on Saturday had shown NBS Manufacturing PMI fall to 49.2, from 51.9 in the previous month and expectations of 51.4 percent. Services PMI dropped to 56.4 from 58.2 earlier.

Amidst rate hike worries, Dollar Index (DXY), a measure of the Dollar’s strength against a basket of 6 currencies, gained 0.23 percent overnight to 101.90.

Brent Oil Futures for July settlement traded between $78.58 and $79.86. It is currently at $78.78, down 1.93 percent from the previous close.

West Texas Intermediate Crude Oil Futures for June settlement too traded tight, between a high of $76.69 and a low of $75.02. The current price of $75.15 represents a loss of 2.12 percent from the previous close.

WEC Energy Group Announces Retreat In Q1 Income, but beats estimates

WEC Energy Group (WEC) reported a profit for first quarter that decreased from the same period last year but beat the Street estimates.

The company’s bottom line came in at $507.5 million, or $1.61 per share. This compares with $565.9 million, or $1.79 per share, in last year’s first quarter.

Analysts on average had expected the company to earn $1.59 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 0.7% to $2.89 billion from $2.91 billion last year.

WEC Energy Group earnings at a glance (GAAP) :

-Earnings (Q1): $507.5 Mln. vs. $565.9 Mln. last year.
-EPS (Q1): $1.61 vs. $1.79 last year.
-Analyst Estimates: $1.59
-Revenue (Q1): $2.89 Bln vs. $2.91 Bln last year.

-Guidance:
Full year EPS guidance: $4.58 to $4.62