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Axis Capital: Q2 Earnings Snapshot

Published Sat, 22 Feb 2025 13:30:30 GMT

PEMBROKE, Bermuda (AP) — PEMBROKE, Bermuda (AP) — Axis Capital Holdings Ltd. (AXS) on Tuesday reported second-quarter earnings of $150.7 million.The Pembroke, Bermuda-based company said it had net income of $1.67 per share. Earnings, adjusted for non-recurring costs, were $2.23 per share.The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share.The insurance company posted revenue of $1.38 billion in the period. Its adjusted revenue was $1.41 billion.Axis Capital shares have increased almost 2% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $55.13, an increase of 13% 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 AXS at https://www.zacks.com/ap/AXSSource

Aspen Technology: Fiscal Q4 Earnings Snapshot

Published Sat, 22 Feb 2025 13:30:30 GMT

BEDFORD, Mass. (AP) — BEDFORD, Mass. (AP) — Aspen Technology, Inc. (AZPN) on Tuesday reported fiscal fourth-quarter earnings of $27.3 million.On a per-share basis, the Bedford, Massachusetts-based company said it had net income of 42 cents. Earnings, adjusted for one-time gains and costs, came to $2.13 per share.The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.19 per share.The software maker posted revenue of $320.6 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $324.8 million.For the year, the company reported a loss of $107.8 million, or $1.67 per share, swinging to a loss in the period. Revenue was reported as $1.04 billion.Aspen Technology shares have decreased 12% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $180.71, a fall of 12% in the last 12 months._____This story was generated by Aut...

Hudson Pacific: Q2 Earnings Snapshot

Published Sat, 22 Feb 2025 13:30:30 GMT

LOS ANGELES (AP) — LOS ANGELES (AP) — Hudson Pacific Properties Inc. (HPP) on Tuesday reported a key measure of profitability in its second quarter. The results beat Wall Street expectations.The Los Angeles-based real estate investment trust said it had funds from operations of $34.5 million, or 24 cents per share, in the period.The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 23 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 a loss of $36.2 million, or 26 cents per share.The real estate investment trust, based in Los Angeles, posted revenue of $245.2 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $237.6 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investmen...

North Carolina hit-and-run that injured 6 migrant workers was accidental, police say

Published Sat, 22 Feb 2025 13:30:30 GMT

LINCOLNTON, N.C. (AP) — Police determined Tuesday that a car crash that injured a group of migrant workers in North Carolina was accidental, but the driver has been charged with a felony hit-and-run for fleeing the scene.New evidence led police to change their original assessment that the crash was intentional, said Maj. Brian Greene, interim chief of the Lincolnton Police Department.Daniel Gonzalez, 68, turned himself in to the police a day after he allegedly drove his black SUV into the workers, injuring six, while trying to park Sunday outside a Walmart in Lincolnton. Family members who accompanied Gonzalez to the police department told detectives that he had hit the gas pedal accidentally and left the scene in a panic.“Based on the statements and after consulting with the District Attorney’s Office we are treating this as accidental,” Greene said Tuesday. “People were still injured, and he left the scene, so he was charged with felony hit-and-run” with a $50,000 secure bond.The ...

Denver weather: Thunderstorms to deliver more rain in the coming days

Published Sat, 22 Feb 2025 13:30:30 GMT

DENVER (KDVR) — Rainfall on the last day of July was enough to make for a normal month in Denver's weather. That few inches of rain has kept the total for the year well ahead of normal amounts. And there's more rain to come to start the month of August, according to Pinpoint Weather, Colorado’s Most Accurate Forecast.With more monsoon rain in the forecast, Tuesday is a Pinpoint Weather Alert Day.Latest rain totals for DenverWeather tonight: Showers end followed by clearing skiesShowers and thunderstorms will move from west to east across Denver and the Front Range Tuesday evening. Some thunderstorms could contain heavy rain and small hail. There could be localized flooding of streets and small streams and creeks could rise if the rain hovers in one spot.Forecast lows by Wednesday morningWeather tomorrow: A warm day with more rain possibleWe will have additional showers and thunderstorms on Wednesday across Colorado. The number of storms will be less than the previous days. Ther...

Denver Public Schools to tackle resegregation 

Published Sat, 22 Feb 2025 13:30:30 GMT

DENVER (KDVR) -- Forced busing to integrate Denver Public Schools ended in 1995.Eight months ago, the Latino Education Coalition commissioned a study and found that segregation has returned to DPS and some students are not receiving equitable educations."Segregation is pervasive in DPS," said DPS Superintendent Alex Marrero. Lead author Kim Carrazco Strong explained, "Students, based off of things like race, ethnicity, class, and language are receiving disparate educational experiences."She said students at segregated schools were less likely to be identified as gifted and talented and the four-year completion rates were lower. Douglas County School District implements rolling bus cancellations Milo Marquez is the chair of the LEC. "We would all want to see diverse learning environments for our kids," he said. "What we really want to do is focus on these disparities that we are seeing as far as class and race, and making sure that it is equitable for all of our students, making su...

Trump indicted for bid to overturn 2020 election result

Published Sat, 22 Feb 2025 13:30:30 GMT

Federal prosecutors have charged Donald Trump with conspiring to seize a second term after losing the 2020 election, alleging a sweeping campaign of deceit and abuses that threatened the foundations of American democracy.In a 45-page indictment unveiled Tuesday, special counsel Jack Smith charged Trump with four felony counts, including conspiracy to defraud the United States and conspiracy to obstruct an official proceeding.“Despite having lost, the Defendant was determined to remain in power,” the indictment said. “So for more than two months following election day on November 3, 2020, the Defendant spread lies that there had been outcome-determinative fraud in the election and that he had actually won. These claims were false, and the Defendant knew that they were false.”The indictment identified six individuals as co-conspirators in Trump’s effort to overturn the election, but none of those people were charged Tuesday. Though the alleged co-conspirators were not named,...

Supermoon Tonight, Nice Few Days Ahead

Published Sat, 22 Feb 2025 13:30:30 GMT

Editor’s Note: Tonight’s blog was written by 7Weather intern Tyler Hughes.August is off to a great start – an extremely comfortable day in the books so far. In fact, with dew points dropping into the 40s tonight, this officially is the least humid it’s been since June 7th! Humidity looks to stay low tomorrow as well Also tonight, take a moment to look up for the supermoon! August’s full moon rises tonight at 8:36pm and skies will be clear, perfect for viewing. Tonight’s moon is also known as the Sturgeon Moon – Native American tribes named it for the abundance of fish during the month of August.The supermoon occurs when the moon reaches the closest point to us in its orbit around Earth. The moon appears larger than usual, but this closer distance can also have an effect on the tides. We are expecting an astronomical high tide tonight and tomorrow evening – a Coastal Flood Statement is now in effect along our coastlines for lo...

Mets trade OF Tommy Pham to Diamondbacks, send reliever Dominic Leone to Angels

Published Sat, 22 Feb 2025 13:30:30 GMT

The Mets’ fire sale continued right up to the end of Tuesday’s trade deadline.Outfielder Tommy Pham was dealt to the Arizona Diamonds in exchange for shortstop prospect Jeremy Rodriguez, according to reports.A few minutes later, the team reportedly sent righty reliever Dominic Leone to the Los Angeles Angels. In exchange, the Mets received infield prospect Jeremiah Jackson.None of the teams confirmed the deals yet.The reported deals continued a fire sale that previously wasn’t expected out of a team that entered the season with the highest payroll in the major leagues. Pham arrived in Queens after signing a one-year deal worth $6 million in the offseason. The outfielder was expected to be a veteran figure in the clubhouse while adding depth to the roster.He slashed .268/.348/.472 in with 10 home runs and 36 RBI in 79 games with the Mets. The 10-year veteran now departs Queens in exchange for Rodriguez, who is a 17-year-old shortstop currently playing in the Dominic...

Boston hospital enrolls patients for Long COVID study: ‘Hopefully we can get some answers’

Published Sat, 22 Feb 2025 13:30:30 GMT

As millions of people across the country continue to suffer from long COVID, a Boston hospital is launching phase 2 clinical trials to test potential treatments for the debilitating condition.Brigham and Women’s Hospital is the first site to enroll and begin phase 2 clinical trials for the National Institutes of Health “Researching COVID to Enhance Recovery” (RECOVER) Initiative.The phase 2 clinical trials will evaluate at least four potential treatments for long COVID, with additional clinical trials to test seven more treatments in the coming months. Treatments will include drugs, biologics, medical devices and other therapies.“Long COVID is a real bear, and a lot of our patients are suffering from this complicated condition,” Lindsey Baden, VP of clinical research at the Brigham, told the Herald on Tuesday.“We’re hoping we can enroll this quickly,” Baden added. “Hopefully we can get some answers, so we know how to treat our pa...