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Armada Hoffler Properties: Q2 Earnings Snapshot

Published Fri, 21 Feb 2025 18:00:21 GMT

VIRGINIA BEACH, Va. (AP) — VIRGINIA BEACH, Va. (AP) — Armada Hoffler Properties Inc. (AHH) on Thursday reported a key measure of profitability in its second quarter. The results exceeded Wall Street expectations.The real estate investment trust, based in Virginia Beach, Virginia, said it had funds from operations of $28.3 million, or 32 cents per share, in the period.The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 31 cents per share.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had net income of $11.7 million, or 13 cents per share.The real estate company posted revenue of $165.9 million in the period. Its adjusted revenue was $60 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $58.3 million.Armada Hoffler Properties expects full-year funds from operations in the ran...

Patria Investments: Q2 Earnings Snapshot

Published Fri, 21 Feb 2025 18:00:21 GMT

GRAND CAYMAN, Cayman Islands (AP) — GRAND CAYMAN, Cayman Islands (AP) — Patria Investments Ltd. (PAX) on Thursday reported net income of $35.7 million in its second quarter.The Grand Cayman, Cayman Islands-based company said it had profit of 25 cents per share. Earnings, adjusted for non-recurring costs, came to 30 cents per share.The private-market investment firm posted revenue of $78.6 million in the period. Its adjusted revenue was $60.8 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAX at https://www.zacks.com/ap/PAXSource

Walker & Dunlop: Q2 Earnings Snapshot

Published Fri, 21 Feb 2025 18:00:21 GMT

BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Walker & Dunlop Inc. (WD) on Thursday reported earnings of $27.6 million in its second quarter.On a per-share basis, the Bethesda, Maryland-based company said it had net income of 82 cents. Earnings, adjusted for non-recurring costs, were 98 cents per share.The provider of commercial real estate financial services posted revenue of $272.6 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 WD at https://www.zacks.com/ap/WDSource

Johnson Outdoor: Fiscal Q3 Earnings Snapshot

Published Fri, 21 Feb 2025 18:00:21 GMT

RACINE, Wis. (AP) — RACINE, Wis. (AP) — Johnson Outdoors Inc. (JOUT) on Thursday reported net income of $14.8 million in its fiscal third quarter.On a per-share basis, the Racine, Wisconsin-based company said it had profit of $1.44.The outdoor gear company posted revenue of $187 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 JOUT at https://www.zacks.com/ap/JOUTSource

Global Net Lease: Q2 Earnings Snapshot

Published Fri, 21 Feb 2025 18:00:21 GMT

NEW YORK (AP) — NEW YORK (AP) — Global Net Lease Inc. (GNL) on Thursday reported a key measure of profitability in its second quarter.The real estate investment trust, based in New York, said it had funds from operations of $41.4 million, or 40 cents per share, in the period.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.The company said it had a loss of $31.4 million, or 30 cents per share.The real estate investment trust, based in New York, posted revenue of $95.8 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 GNL at https://www.zacks.com/ap/GNLSource

Wesco International: Q2 Earnings Snapshot

Published Fri, 21 Feb 2025 18:00:21 GMT

PITTSBURGH (AP) — PITTSBURGH (AP) — Wesco International Inc. (WCC) on Thursday reported second-quarter net income of $193.1 million.The Pittsburgh-based company said it had net income of $3.41 per share. Earnings, adjusted for non-recurring costs, were $3.71 per share.The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.46 per share.The maker of electrical and industrial maintenance supplies and construction materials posted revenue of $5.75 billion in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $5.95 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WCC at https://www.zacks.com/ap/WCCSource

BrightView: Fiscal Q3 Earnings Snapshot

Published Fri, 21 Feb 2025 18:00:21 GMT

BLUE BELL, Pa. (AP) — BLUE BELL, Pa. (AP) — BrightView Holdings Inc. (BV) on Thursday reported fiscal third-quarter profit of $16.8 million.On a per-share basis, the Blue Bell, Pennsylvania-based company said it had net income of 18 cents. Earnings, adjusted for amortization costs and non-recurring costs, came to 44 cents per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.The investment company posted revenue of $766 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $777.4 million.For the current quarter ending in September, BrightView said it expects revenue in the range of $730 million to $750 million.The company expects full-year revenue in the range of $2.8 billion to $2.82 billion.BrightView shares have risen 15% since the beginning of the year. The stock has declined 38% in the last 12 months._____This st...

Retired Denver detective allegedly pointed gun at man at Southwest Plaza Mall

Published Fri, 21 Feb 2025 18:00:21 GMT

DENVER (KDVR) — A former Denver police detective was arrested after allegedly pointing a gun at a man at the Southwest Plaza Mall food court.Just after 7 p.m. on Wednesday, the Jefferson County Sheriff's Office said two men got into an altercation in the food court at the mall, located at 8501 W. Bowles Ave. in Littleton. Deputies said the altercation began earlier when the two men allegedly got into a verbal fight on a bus. When the suspect, Martin Vigil, 67, got off the bus, he accidentally left his phone behind.The sheriff's office said Vigil called his phone and the other man picked up and claimed he would not give Vigil his phone back unless he paid him money. Deputies said the two men agreed to meet at the food court in the mall. Colorado prison escapee caught living ‘flashy’ assumed identity in Florida During the argument, Vigil allegedly pulled out a gun and pointed it at the other man.The sheriff's office said mall security confronted Vigil, and he claimed he was a peace ...

Denver weather: Strong evening storms along Eastern Plains

Published Fri, 21 Feb 2025 18:00:21 GMT

DENVER (KDVR) — It'll be another mild Thursday morning along the Front Range before afternoon storms fire up in the Denver weather forecast. The storms will become stronger as they push out into the plains.Weather today: Severe risks for afternoon thunderstormsPartly cloudy skies will allow the highs in Denver to reach the upper 80s again. A light wind will also stick around throughout the metro. Toxic algae prompts swimming closures, warnings at Colorado reservoirs and lakes Be prepared for this afternoon. Once again, storms will form over Interstate 25 between 2-3 p.m. and push out into the plains where they will turn more severe. Pinpoint Weather: Daily forecast on Aug. 3. The risk for severe storms that could produce gusty winds and some hail will increase as the storms move across the Eastern Plains later in the afternoon. The plains through the eastern border are under an enhanced risk for those severe storms.The gusty winds will be the biggest concern for Thursday.Half of ...

Bank of England raises key rate to 5.25 percent

Published Fri, 21 Feb 2025 18:00:21 GMT

The Bank of England raised its key interest rate by a quarter point on Thursday to the highest since 2008, saying that while inflation has begun to fall and the economy is growing with unemployment low “inflation is still too high”. Six out of nine members of the monetary policy committee voted in favor of the move.The hike takes the Bank Rate to 5.25 percent and is the 14th straight rise in a campaign of monetary policy tightening to head off the worst bout of inflation in 40 years. While it has come down from a peak of over 11 percent, headline inflation was still running at nearly 8 percent in July, nearly four times the level that the Bank defines as price stability.It threatens more pain for those with mortgages and tenants who face sharp increases in their rents as landlords try to pass on the increase in the costs of their own loans. Average two-year U.K. mortgage rates are now nearly 7 percent, according to real estate website Rightmove.The Bank repeated tha...