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Alignment Healthcare: Q2 Earnings Snapshot

Published Thu, 14 Nov 2024 12:14:51 GMT

ORANGE, Calif. (AP) — ORANGE, Calif. (AP) — Alignment Healthcare Inc. (ALHC) on Thursday reported a loss of $28.5 million in its second quarter.The Orange, California-based company said it had a loss of 15 cents per share.The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.The Medicare Advantage insurer posted revenue of $462.4 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $436.9 million.Alignment Healthcare shares have declined 51% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.76, a decrease of 65% 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 ALHC at https://www.zacks.com/ap/ALHCSource

PTC Therapeutics: Q2 Earnings Snapshot

Published Thu, 14 Nov 2024 12:14:51 GMT

SOUTH PLAINFIELD, N.J. (AP) — SOUTH PLAINFIELD, N.J. (AP) — PTC Therapeutics Inc. (PTCT) on Thursday reported a loss of $198.9 million in its second quarter.On a per-share basis, the South Plainfield, New Jersey-based company said it had a loss of $2.66.The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of $1.58 per share.The biopharmaceutical company posted revenue of $213.8 million in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $214 million.PTC Therapeutics expects full-year revenue in the range of $940 million to $1 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PTCT at https://www.zacks.com/ap/PTCTSource

Texas A&M and Black journalist reach $1M settlement after backlash over her diversity work sabotaged employment offer

Published Thu, 14 Nov 2024 12:14:51 GMT

AUSTIN, Texas (AP) — Texas A&M and Black journalist reach $1M settlement after backlash over her diversity work sabotaged employment offer.Source

Agilon: Q2 Earnings Snapshot

Published Thu, 14 Nov 2024 12:14:51 GMT

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Agilon Health Inc. (AGL) on Thursday reported a loss of $16.7 million in its second quarter.The Austin, Texas-based company said it had a loss of 4 cents per share.The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.The senior-focused health care company posted revenue of $1.15 billion in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $1.11 billion.For the current quarter ending in September, Agilon said it expects revenue in the range of $1.13 billion to $1.14 billion.The company expects full-year revenue in the range of $4.53 billion to $4.54 billion.Agilon shares have increased 18% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19.04, a decrease of 28% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights...

Cirrus Logic: Fiscal Q1 Earnings Snapshot

Published Thu, 14 Nov 2024 12:14:51 GMT

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Cirrus Logic Inc. (CRUS) on Thursday reported fiscal first-quarter profit of $15.6 million.The Austin, Texas-based company said it had net income of 28 cents per share. Earnings, adjusted for one-time gains and costs, were 67 cents per share.The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.The chipmaker posted revenue of $317 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $290.6 million.For the current quarter ending in September, Cirrus Logic said it expects revenue in the range of $430 million to $490 million. Analysts surveyed by Zacks had expected revenue of $555.6 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRUS at https://www.zacks.com/ap/CRUSSource

Xencor: Q2 Earnings Snapshot

Published Thu, 14 Nov 2024 12:14:51 GMT

PASADENA, Calif. (AP) — PASADENA, Calif. (AP) — Xencor Inc. (XNCR) on Thursday reported a loss of $22 million in its second quarter.On a per-share basis, the Pasadena, California-based company said it had a loss of 37 cents.The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 91 cents per share.The biotech developing antibodies for severe autoimmune/allergic diseases and cancer posted revenue of $45.5 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $20.7 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XNCR at https://www.zacks.com/ap/XNCRSource

Whistleblower exposes alleged 'incarceration room' at a Denver school

Published Thu, 14 Nov 2024 12:14:51 GMT

DENVER (KDVR) -- A room with locks on doors and windows that would prevent people from leaving a middle school room has been discovered at McAuliffe International School.That information came from Auon’tai Anderson, the vice president of the Denver Public Schools Board of Education, during a news conference at district headquarters Thursday. $1 awarded for illegal search verdict: Lawsuit follows Colorado police reform law Anderson said he received photos and video of the room and locks from an anonymous staff member Tuesday night after a meeting at the school addressing problems with the school’s principal, Kurt Dennis."The fact that the room was called an 'incarceration room' by a staff member at the school in a work order to have it removed says enough," Anderson said.Photos of the lock were then shared during Anderson's news conference.An anonymous staff member sent this photo to Denver Public Schools Board of Education Vice President Auon'tai Anderson, claiming it shows a barr...

SUV crashes into side of cafe, hits gas meter in Hialeah; no injuries reported

Published Thu, 14 Nov 2024 12:14:51 GMT

An out-of-control drive in Hialeah ended with a restaurant wreck.A Cadillac SUV slammed into the side wall of the Caribe Cafe Restaurant near West 68th Street and 17th Court, Thursday afternoon. The driver jumped the curb before the impact. No one at the restaurant was injured. But there was another problem: the SUV struck a gas meter. Firefighters and the gas company worked to get a handle on the damage and make repairs.

Leah Remini sues Church of Scientology and its leader, alleging harassment, stalking and defamation

Published Thu, 14 Nov 2024 12:14:51 GMT

(CNN) — The actress Leah Remini has filed a lawsuit against the Church of Scientology and its leader, David Miscavige, claiming she has suffered years of harassment, intimidation and defamation as part of an organized campaign of retaliation for her criticism of the church since leaving it a decade ago.The 60-page lawsuit – filed Tuesday in Los Angeles County Superior Court, according to a statement by Remini’s representatives – seeks a trial by jury and unspecified compensatory and punitive damages, as well as a requirement that the church “cease and desist” its “unlawful conduct.”“For 17 years, Scientology and David Miscavige have subjected me to what I believe to be psychological torture, defamation, surveillance, harassment, and intimidation, significantly impacting my life and career,” Remini said in a news release she shared on Substack. “I believe I am not the first person targeted by Scientology and its operations, but I intend to be the la...

BSO seeks driver involved in fatal hit-and-tun crash in Oakland Park

Published Thu, 14 Nov 2024 12:14:51 GMT

Detectives from the Broward Sheriff’s Office Traffic Homicide Unit are on the lookout for the driver responsible for a hit-and-run crash that tragically claimed the life of a pedestrian in Oakland Park.According to officials, the incident occurred on Tuesday, August 1, around 10:12 p.m. An adult female was attempting to cross West Oakland Park Boulevard from the north side of the roadway to the south side, in an area without designated crosswalks when an unidentified vehicle traveling eastbound on West Oakland Park Boulevard approached the 2400 block. The vehicle struck the pedestrian within the center thru lane, causing her to be projected in a southeasterly direction, where she came to rest along the south side of the roadway.Following the collision, the driver fled the scene, continuing eastbound toward Interstate 95. Upon receiving the report, BSO deputies and Oakland Park Fire Rescue responded to the scene, but the pedestrian was pronounced deceased at the site of the crash.Inv...