Devon Energy Corp. Q3 adjusted earnings of $0.26 per share

Devon Energy Corp. (DVN) announced earnings for third quarter that decreased from last year.

The company’s bottom line came in at $0.11 billion, or $0.27 per share. This compares with $2.54 billion, or $5.14 per share, in last year’s third quarter.

Excluding items, Devon Energy Corp. reported adjusted earnings of $103 million or $0.26 per share for the period.

The company’s revenue for the quarter fell 14.4% to $1.85 billion from $2.16 billion last year.

Devon Energy Corp. earnings at a glance:

-Revenue (Q3): $1.85 Bln vs. $2.16 Bln last year.

Dow, Nasdaq end at records, while S&P 500 consolidates

Stocks ended mostly higher, with the Dow Jones Industrial Average and the Nasdaq Composite edging higher to close at records Tuesday, while the S&P 500 ended slightly lower a day after all three major indexes closed in record territory. Positive expectations around a potential "phase one" trade agreement between the U.S. and China continued to buoy stocks, analysts said. The Dow DJIA, +0.11% rose around 30 points, or 0.1%, to end near 27,492, according to preliminary figures, while the Nasdaq COMP, +0.02% gained by around 1.5 points to end near 8,435, a rise of less than 0.1%. The S&P 500 lost around 4 points, or 0.1%, to end near 3,075.

U.S. government says 'no evidence' of hacking against local elections on Tuesday

(Reuters) – The Justice Department and six U.S. security agencies said on Tuesday, when state and local elections took place around the country, they had found no evidence of any foreign government successfully compromising or disrupting voting.

Century Aluminum Co Q3 adjusted earnings of -$0.39 per share

Below are the earnings highlights for Century Aluminum Co (CENX):

-Earnings: -$20.7 million in Q3 vs. -$20.3 million in the same period last year.
-EPS: -$0.23 in Q3 vs. -$0.23 in the same period last year.
-Excluding items, Century Aluminum Co reported adjusted earnings of -$37.4 million or -$0.39 per share for the period.
-Revenue: $438.0 million in Q3 vs. $481.8 million in the same period last year.

Naloxone use by London police saves 103 lives so far in 2019

London police are releasing information on the force’s use of the overdose-reversing drug, naloxone.

According to police, officers have administered 192 doses of naloxone to 111 people since the start of 2019, 76 per cent of whom were male.

In total, police say 103 people survived — a 92 per cent success rate.

Columbia Care to acquire Colorado weed company for $140 million in mostly stock deal

Cannabis producer Columbia Care Inc. CCHWF, +1.48% said late Tuesday that it was buying The Green Solution for $140 million. The company said the deal includes $110 million of Columbia Care stock, $15 million in secured debt, a $15 million seller’s note and the "potential" for a "additional milestone payment in 2021." The Green Solution is a vertically integrated cannabis company that operates 21 dispensaries in Colorado, reporting $73 million in sales for the 12 months that ended in September. Columbia Care also released earnings late Tuesday, reporting net losses of $19.9 million on sales of $22.1 million. The company said it had $84.5 million in cash on hand at the end of September and no debt.

Plantronics stock plunges more than 25% after earnings guidance slashed

Plantronics Inc. PLT, -3.10% shares dove more than 25% in extended trading Tuesday, after the company slashed its earnings guidance more than 40% and said it would pull back on pushing product into sales channels for the holiday season. The company, known for headsets and other communications gear, reported fiscal second-quarter losses of $25.9 million, or 65 cents a share, on sales of $461.7 million, down from $483.1 million a year ago. After removing stock-based compensation and several other costs, Plantronics said it had earnings of $1.24 a share, down from $1.51 a share a year ago. Analysts on average had expected adjusted earnings of $1.34 a share on sales of $482.9 million, according to FactSet. Plantronics expects the pain is just beginning, though, as it pulled down its annual forecast as it expects to choke sales in the current quarter. "As we analyze inventory levels across our value chain, in light of the evolving macroeconomic conditions and significant product transitions underway, we believe it is prudent to reduce channel inventory at this time by reducing sales to channel partners," Chief Financial Officer Chuck Boynton said in the announcement. Plantronics reduced its annual guidance for adjusted earnings to a range of $2.94 to $3.74 a share, after previously predicting $5.35 to $6.35 a share, and net revenue to a forecast of $1.72 billion to $1.81 billion from a previous range of $1.87 billion to $1.97 billion. After closing with a 3.1% decline at $39.44, Plantronics shares fell to less than $30 in after-hours trading.

Otelco Inc. Bottom Line Retreats In Q3

Otelco Inc. (OTEL) revealed earnings for third quarter that dropped from the same period last year.

The company’s bottom line totaled $1.82 million, or $0.53 per share. This compares with $2.33 million, or $0.67 per share, in last year’s third quarter.

The company’s revenue for the quarter fell 3.0% to $15.76 million from $16.25 million last year.

Otelco Inc. earnings at a glance:

-Earnings (Q3): $1.82 Mln. vs. $2.33 Mln. last year.
-EPS (Q3): $0.53 vs. $0.67 last year.
-Revenue (Q3): $15.76 Mln vs. $16.25 Mln last year.

Executive who prompted Deadspin’s entire staff to quit has quit too

NEW YORK — Days after the entire staff of the popular website Deadspin quit in a revolt, the manager who prompted the exodus said Tuesday that he’s leaving, too.

Paul Maidment, editorial director of G/O Media said it was “the right moment for me to leave to pursue an entrepreneurial opportunity.”

Sixteen staff writers and editors, along with two weekend contributors, quit in protest of G/O Media’s edict that the website stick to covering sports and cast aside stories on politics, popular culture and the media.

The site’s former editor in chief, Megan Greenwell, had quit in August after complaining about management. A deputy editor, Barry Petchesky, said last week that he had been fired for refusing the order to “stick to sports.”

Maidment also supervised sister websites like Gizmodo, The Root and Jezebel that were bought earlier this year by the financial equity firm Great Hills Partners. Several of the sites were part of Gawker Media, which had declared bankruptcy and shut down.

Maidment said in a statement that “I am certain that the sites will grow and thrive in the future.”

On Tuesday afternoon, the last posting on Deadspin — a story about former NFL tight end Kellen Winslow Jr.’s plea deal — had been there since the night before.