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OPENLANE: Q3 Earnings Snapshot

Published Tue, 18 Feb 2025 09:07:11 GMT

CARMEL, Ind. (AP) — CARMEL, Ind. (AP) — OPENLANE, Inc. (KAR) on Wednesday reported third-quarter earnings of $12.7 million.On a per-share basis, the Carmel, Indiana-based company said it had net income of 1 cent. Earnings, adjusted for amortization costs and pretax expenses, came to 18 cents per share.The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.The used and salvaged vehicle auctioneer posted revenue of $416.3 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $409.3 million.OPENLANE expects full-year earnings in the range of 60 cents to 70 cents per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KAR at https://www.zacks.com/ap/KARSource

Park-Ohio: Q3 Earnings Snapshot

Published Tue, 18 Feb 2025 09:07:11 GMT

CLEVELAND (AP) — CLEVELAND (AP) — Park-Ohio Holdings Corp. (PKOH) on Wednesday reported profit of $11.1 million in its third quarter.On a per-share basis, the Cleveland-based company said it had net income of 88 cents. Earnings, adjusted to account for discontinued operations, were 99 cents per share.The industrial supply-chain logistics company posted revenue of $418.8 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PKOH at https://www.zacks.com/ap/PKOHSource

Coca-Cola Bottling: Q3 Earnings Snapshot

Published Tue, 18 Feb 2025 09:07:11 GMT

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Coca-Cola Bottling Co. (COKE) on Wednesday reported net income of $92.1 million in its third quarter.On a per-share basis, the Charlotte, North Carolina-based company said it had profit of $9.80. Earnings, adjusted for non-recurring costs, came to $17.53 per share.The Coca-Cola bottler posted revenue of $1.71 billion in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COKE at https://www.zacks.com/ap/COKESource

Zillow: Q3 Earnings Snapshot

Published Tue, 18 Feb 2025 09:07:11 GMT

SEATTLE (AP) — SEATTLE (AP) — Zillow Group Inc. (ZG) on Wednesday reported a loss of $28 million in its third quarter.The Seattle-based company said it had a loss of 12 cents per share. Earnings, adjusted for stock option expense and asset impairment costs, were 33 cents per share.The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.The online real estate marketplace posted revenue of $496 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $484.4 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZG at https://www.zacks.com/ap/ZGSource

Watts Water: Q3 Earnings Snapshot

Published Tue, 18 Feb 2025 09:07:11 GMT

NORTH ANDOVER, Mass. (AP) — NORTH ANDOVER, Mass. (AP) — Watts Water Technologies Inc. (WTS) on Wednesday reported third-quarter net income of $65.8 million.On a per-share basis, the North Andover, Massachusetts-based company said it had profit of $1.96. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs, were $2.04 per share.The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.83 per share.The maker of valves for plumbing, heating and water needs posted revenue of $504.3 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $503.4 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WTS at https://www.zacks.com/ap/WTSSource

Jury selected after almost 10 months for rapper Young Thug’s trial on gang, racketeering charges

Published Tue, 18 Feb 2025 09:07:11 GMT

ATLANTA (AP) — Nearly 10 months after jury selection began, a panel of Georgia citizens was selected Wednesday for the trial of rapper Young Thug and several other people accused of participating in a criminal street gang responsible for violent crimes.The Atlanta-based artist, who’s given name is Jeffery Lamar Williams, and six others are now set to stand trial beginning Nov. 27 after prosecutors and defense attorneys chose 12 jurors and six alternates, The Atlanta Journal-Constitution reported. The trial is expected to last months.The sprawling indictment returned in May included more than two dozen defendants. But eight — including rapper Gunna, whose real name is Sergio Kitchens — took plea deals and 12 others will be tried separately, the newspaper reported.Jury selection for the trial began in January and faced numerous challenges that caused delays: getting defendants housed in different jails to court each day, contraband brought to court, and the arrests of a defense ...

Kaman: Q3 Earnings Snapshot

Published Tue, 18 Feb 2025 09:07:11 GMT

BLOOMFIELD, Conn. (AP) — BLOOMFIELD, Conn. (AP) — Kaman Corp. (KAMN) on Wednesday reported profit of $1.5 million in its third quarter.The Bloomfield, Connecticut-based company said it had net income of 5 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, came to 10 cents per share.The industrial distribution aircraft components company posted revenue of $183 million in the period.Kaman expects full-year earnings in the range of 40 cents to 60 cents per share, with revenue in the range of $765 million to $775 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KAMN at https://www.zacks.com/ap/KAMNSource

Denver's mayor, 4 others, want to meet with Biden on migrants

Published Tue, 18 Feb 2025 09:07:11 GMT

WASHINGTON (AP) — The mayors of Chicago, Denver, Houston, Los Angeles and New York are pressing to meet with President Joe Biden about getting federal help in managing the surge of migrants they say are arriving in their cities with little to no coordination, support or resources from his administration.The Democratic leaders say in a letter obtained by The Associated Press on Wednesday that while they appreciate Biden's efforts so far, much more needs to be done to ease the burden on their cities. Trump ballot trial in Colorado turns to history of ‘insurrection’ clause Migrants are sleeping in police station foyers in Chicago. In New York, a cruise ship terminal was turned into a shelter. In Denver, the number of migrants arriving has increased tenfold and available space to shelter them has withered. With fewer available work authorizations, these migrants cannot find work that would allow them to get into proper housing. Denver Mayor Mike Johnston, who is leading the coalition,...

Home sellers win $1.8B case against real estate industry over inflated fees

Published Tue, 18 Feb 2025 09:07:11 GMT

LOS ANGELES (AP) — A series of court challenges seek to upend longstanding real estate industry practices that determine the commissions agents receive on the sale of a home — and who foots the bill. A federal jury in one of those cases on Tuesday ordered the National Association of Realtors along with some of the nation's biggest real estate brokerages to pay almost $1.8 billion in damages, after finding they artificially inflated commissions paid to real estate agents. How much do houses cost in Colorado? See the list by county The verdict in the 2019 case in Missouri stated that the defendants “conspired to require home sellers to pay the broker representing the buyer of their homes in violation of federal antitrust law.”If treble damages — which allows plaintiffs to potentially receive up to three times actual or compensatory damages — are awarded, then the defendants may have to pay more than $5 billion.“This matter is not close to being final as we will appeal the jury’s ver...

Trump ballot trial in Colorado turns to history of 'insurrection' clause

Published Tue, 18 Feb 2025 09:07:11 GMT

DENVER (AP) — The effort to ban former President Donald Trump from the ballot under the Constitution's “insurrection clause” turned to distant history on Wednesday, when a law professor testified about how the post-Civil War provision was indeed intended to apply to presidential candidates.Gerard Magliocca, of Indiana University, said there was scant scholarship on Section Three of the 14th Amendment when he began researching it in late 2020, but said he uncovered evidence in 150-year-old court rulings, congressional testimony and presidential executive orders that it applied to presidents and to those who simply encouraged an insurrection rather than physically participated in one. FOX31 Newsletters: Sign up to get breaking news sent to your inbox Magliocca didn't mention Trump by name, but the plaintiffs in the case have argued that Colorado must ban him from the ballot because his role in the Jan. 6, 2021, assault on the U.S. Capitol, which was intended to halt Congress' certif...