NVR Inc. Announces Rise In Q1 Bottom Line, Beats estimates

NVR Inc. (NVR) revealed a profit for its first quarter that increased from last year and beat the Street estimates.

The company’s earnings came in at $426.10 million, or $116.56 per share. This compares with $248.76 million, or $63.21 per share, in last year’s first quarter.

Analysts on average had expected the company to earn $96.98 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 17.9% to $2.31 billion from $1.96 billion last year.

NVR Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $426.10 Mln. vs. $248.76 Mln. last year.
-EPS (Q1): $116.56 vs. $63.21 last year.
-Analyst Estimate: $96.98
-Revenue (Q1): $2.31 Bln vs. $1.96 Bln last year.

Kuehne + Nagel Q1 Profit Surges

Kuehne + Nagel International AG (KHNGY), a transport and logistics company, on Tuesday posted a significant surge in its earnings for the first quarter, citing strong demand leading to improvement in all key figures compared to last year.

For the first quarter of the fiscal 2022, the Swiss company reported its earnings at CHF 832 million or CHF 6.50 per share, compared with CHF 318 million or CHF 2.64 per share, reported for the same period a year ago.

Profit before tax was CHF 1.12 billion, compared with CHF 430 million of last year. The Group’s EBIT for the period was also moved up to CHF 1.12 billion, from CHF 431 million of the previous year.

Owing to strong demand for the company’s services, the Swiss firm generated an EBITDA of CHF 1.30 billion, versus CHF 611 million, reported for the first quarter of 2021.

Amidst persisting war in Ukraine and its impact, the logistic company registered a net turnover of CHF 10.15 billion, higher than CHF 6.03 billion, reported a year ago.

Cassava Sciences Stock Gains 4%

Shares of Cassava Sciences, Inc. (SAVA) are gaining over 4% on Tuesday morning.

SAVA is currently trading at $21.45, up $0.84 or 4.07%, on the Nasdaq, on a volume of 2.4 million shares, above average volume of $1.7 million shares. The stock had opened its trading at $20.64 after closing Monday’s trading at $20.61.

Cassava Sciences is a clinical stage biotechnology company that develops drugs for neurodegenerative diseases. Its lead therapeutic product candidate is simufilam, a small molecule drug, which is completed Phase 2b clinical trial; and investigational diagnostic product candidate is SavaDx, a blood-based biomarker/diagnostic to detect Alzheimer’s disease.

JE Cleantech Stock Down 16%

Shares of JE Cleantech Holdings Limited (JCSE) are slipping over 16% on Tuesday morning despite no stock related news statement from the company.

JCSE is currently trading at $15.60, down $3.01 or 16.18%, on the Nasdaq. The stock opened its trading at $15.99 after closing Monday’s trading at $18.61. The stock has traded between $11.25 and $23.99 in the past 52 week period.

JE Cleantech Holdings, an investment holding company, designs, develops, manufactures, and sells cleaning systems for various industrial end-use applications in Singapore, Malaysia, and internationally.

The Singapore-based company went public on April 22, raising $12 million. The stock soared nearly 400% during its market debut.

Universal Health Services Down 9%

Universal Health Services Inc. (UHS) shares are sliding more than 9 percent on Tuesday morning trade after the company reported lower profit for the first quarter and missed estimates.
The shares have been on a bearish trend after reaching an year to date high on April 21.
Currently shares are at $124.96, down 9.88 percent from the previous close of $148.76 on a volume of 1,295,835. For the 52 week period, the shares have traded in a range of $118.23 to $165.00 on average volume of 679,078

O-I Glass Uptrend Continues

O-I Glass, Inc. (OI) shares are gaining more than 7percent on Tuesday morning trade continuing a rally for the last several weeks. The stocks were pushed further higher on yesterday after the company raised its full-year 2022 earnings.

The shares have traded in a range of $10.64 to $14.88 on average volume of 1,038,409 for the last 52-week period.

Currently, shares are at $14.22, up 7.29 percent from the previous close of $13.25 on a volume of 518,333.

Inmate dies in the El Paso County jail early Tuesday morning.

An inmate was found dead Tuesday morning in his El Paso County jail cell.

At about 1:15 a.m. the man was “found unresponsive in his assigned cell,” the sheriff’s office said in a news release. Life-saving measures were taken by jail staff and emergency responders with the Colorado Springs Fire Department. The man was pronounced dead at the jail.

His name was not released Tuesday pending notification of family. An investigation into the cause of his death is ongoing.

Boy injured after being hit by car on Bellaire Street, Thornton police say

A boy was injured last night after being hit by a car near the 12700 block of Bellaire Street in Thornton.

Police responded to a call reporting gunshots around 9 p.m. Monday and found the injured juvenile, who had been struck by a car and was transported to the hospital, a spokesman for the Thornton Police Department said.

The investigation is ongoing and there is currently no suspect in custody. The current condition of the boy is unknown.

Zillow Group Down 8%

Shares of digital real estate company Zillow Group, Inc. (ZG) are down 8 percent on Tuesday’s trading after reports that analysts had lowered its price objective from $70.00 to $65.00.

Zillow Group operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages.

Currently at $39.34, the stock has traded between $39.26 and $144.84 during the past 52 weeks.