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T. Rowe: Q2 Earnings Snapshot

Published Thu, 20 Feb 2025 19:56:26 GMT

BALTIMORE (AP) — BALTIMORE (AP) — T. Rowe Price Group Inc. (TROW) on Friday reported second-quarter earnings of $476.4 million.On a per-share basis, the Baltimore-based company said it had net income of $2.06. Earnings, adjusted for non-recurring gains, came to $2.02 per share.The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share.The financial services firm posted revenue of $1.61 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $1.58 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TROW at https://www.zacks.com/ap/TROWSource

Stellar Bancorp: Q2 Earnings Snapshot

Published Thu, 20 Feb 2025 19:56:26 GMT

HOUSTON (AP) — HOUSTON (AP) — Stellar Bancorp, Inc. (STEL) on Friday reported second-quarter profit of $35.2 million.The bank, based in Houston, said it had earnings of 66 cents per share.The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.The bank holding company posted revenue of $152.4 million in the period. Its revenue net of interest expense was $113.8 million, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $117 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STEL at https://www.zacks.com/ap/STELSource

Newell Brands: Q2 Earnings Snapshot

Published Thu, 20 Feb 2025 19:56:26 GMT

ATLANTA (AP) — ATLANTA (AP) — Newell Brands Inc. (NWL) on Friday reported second-quarter net income of $18 million.On a per-share basis, the Atlanta-based company said it had profit of 4 cents. Earnings, adjusted for restructuring costs and non-recurring costs, were 24 cents per share.The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.The consumer products company posted revenue of $2.2 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $2.15 billion.For the current quarter ending in September, Newell Brands expects its per-share earnings to range from 20 cents to 24 cents.The company said it expects revenue in the range of $2.11 billion to $2.16 billion for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $2.26 billion.Newell Brands expects full-year earnings in the range of 80 cents to 90 cents per sh...

Virtus: Q2 Earnings Snapshot

Published Thu, 20 Feb 2025 19:56:26 GMT

HARTFORD, Conn. (AP) — HARTFORD, Conn. (AP) — Virtus Investment Partners Inc. (VRTS) on Friday reported earnings of $30.3 million in its second quarter.On a per-share basis, the Hartford, Connecticut-based company said it had profit of $4.10. Earnings, adjusted for one-time gains and costs, came to $5.43 per share.The asset management company posted revenue of $213.5 million in the period. Its adjusted revenue was $190.6 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRTS at https://www.zacks.com/ap/VRTSSource

Dana: Q2 Earnings Snapshot

Published Thu, 20 Feb 2025 19:56:26 GMT

MAUMEE, Ohio (AP) — MAUMEE, Ohio (AP) — Dana Inc. (DAN) on Friday reported second-quarter profit of $30 million.On a per-share basis, the Maumee, Ohio-based company said it had profit of 21 cents. Earnings, adjusted for pretax expenses and non-recurring costs, were 37 cents per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.The automotive equipment supplier posted revenue of $2.75 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $2.73 billion.Dana expects full-year earnings in the range of 65 cents to $1.05 per share, with revenue in the range of $10.45 billion to $10.95 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DAN at https://www.zacks.com/ap/DANSource

Blachem: Q2 Earnings Snapshot

Published Thu, 20 Feb 2025 19:56:26 GMT

MONTVALE, N.J. (AP) — MONTVALE, N.J. (AP) — Balchem Corp. (BCPC) on Friday reported second-quarter earnings of $30.1 million.On a per-share basis, the Montvale, New Jersey-based company said it had net income of 93 cents.The chemical company posted revenue of $231.3 million in the period.Blachem shares have increased slightly more than 5% since the beginning of the year. The stock has decreased nearly 4% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BCPC at https://www.zacks.com/ap/BCPCSource

P&G: Fiscal Q4 Earnings Snapshot

Published Thu, 20 Feb 2025 19:56:26 GMT

CINCINNATI (AP) — CINCINNATI (AP) — Procter & Gamble Co. (PG) on Friday reported fiscal fourth-quarter net income of $3.38 billion.On a per-share basis, the Cincinnati-based company said it had net income of $1.37.The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.The world’s largest consumer products maker posted revenue of $20.55 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $20.02 billion.P&G expects full-year earnings to be $6.25 to $6.43 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 PG at https://www.zacks.com/ap/PGSource

Charter: Q2 Earnings Snapshot

Published Thu, 20 Feb 2025 19:56:26 GMT

STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Charter Communications Inc. (CHTR) on Friday reported second-quarter earnings of $1.22 billion.The Stamford, Connecticut-based company said it had profit of $8.05 per share.The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $7.66 per share.The cable provider posted revenue of $13.66 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $13.85 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHTR at https://www.zacks.com/ap/CHTRSource

Costamare: Q2 Earnings Snapshot

Published Thu, 20 Feb 2025 19:56:26 GMT

MONACO (AP) — MONACO (AP) — Costamare Inc. (CMRE) on Friday reported profit of $67.4 million in its second quarter.On a per-share basis, the company said it had net income of 52 cents. Earnings, adjusted for non-recurring costs, were 56 cents per share.The shipping company posted revenue of $367.4 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 CMRE at https://www.zacks.com/ap/CMRESource

STORY REMOVED: US–Trump-Classified Documents-7th-Ld-Writethru

Published Thu, 20 Feb 2025 19:56:26 GMT

WASHINGTON (AP) — Please disregard Trump-Classified-Documents, 7th Ld-Writethru, published on July 28, 2023, and datelined in WASHINGTON. It was inadvertently filed.Source