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Southwest Airlines quarterly profit slides 30% and says growth will slow next year

Published Fri, 22 Nov 2024 05:52:59 GMT

DALLAS (AP) — Southwest Airlines’ third-quarter profit fell 30% to $193 million despite record revenue as leisure travel boomed over the summer.The airline’s labor costs rose sharply, however, more than offsetting the increase in revenue.Southwest predicted Thursday that a key measure of pricing power will fall sharply in the fourth quarter and it will scale back its aggressive growth plans early next year.The results, and particularly Southwest’s plans to throttle back on growth, are likely to add to concerns that demand for domestic travel, the heart of Southwest’s business, could weaken. Shares of Southwest Airlines Co. slid nearly 5% before the opening bell. The airline’s profit is down from $277 million a year ago and, excluding special items, worked out to 38 cents per share. That matched Wall Street expectations, according to a FactSet survey of analysts.Revenue rose $305 million, or 5%, to $6.52 billion, just short of projections for $6.56 billion.Sou...

FTI Consulting: Q3 Earnings Snapshot

Published Fri, 22 Nov 2024 05:52:59 GMT

WASHINGTON (AP) — WASHINGTON (AP) — FTI Consulting Inc. (FCN) on Thursday reported third-quarter profit of $83.3 million.On a per-share basis, the Washington-based company said it had profit of $2.34.The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.84 per share.The business advisory firm posted revenue of $893.3 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $847.5 million.FTI Consulting expects full-year earnings to be $6.70 to $7.20 per share, with revenue in the range of $3.33 billion to $3.4 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FCN at https://www.zacks.com/ap/FCNSource

Vulcan: Q3 Earnings Snapshot

Published Fri, 22 Nov 2024 05:52:59 GMT

BIRMINGHAM, Ala. (AP) — BIRMINGHAM, Ala. (AP) — Vulcan Materials Co. (VMC) on Thursday reported third-quarter profit of $276.5 million.On a per-share basis, the Birmingham, Alabama-based company said it had profit of $2.07. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $2.29 per share.The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.24 per share.The construction materials company posted revenue of $2.19 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $2.18 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VMC at https://www.zacks.com/ap/VMCSource

Insmed: Q3 Earnings Snapshot

Published Fri, 22 Nov 2024 05:52:59 GMT

BRIDGEWATER, N.J. (AP) — BRIDGEWATER, N.J. (AP) — Insmed Inc. (INSM) on Thursday reported a loss of $158.9 million in its third quarter.On a per-share basis, the Bridgewater, New Jersey-based company said it had a loss of $1.11. Losses, adjusted for non-recurring costs, came to $1.10 per share.The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.06 per share.The biopharmaceutical developing inhaled treatments for patients battling rare lung diseases posted revenue of $79.1 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $78.9 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INSM at https://www.zacks.com/ap/INSMSource

Witch way to the treats? Bowie dog park hosts pet pantry event and costume contest

Published Fri, 22 Nov 2024 05:52:59 GMT

This is part of WTOP’s continuing coverage of people making a difference from our community authored by Stephanie Gaines-Bryant. Read more of that coverage.Halloween isn’t just for children. You and your pet can have a doggone good time at the Howl-o-Ween 2: Electric Pupaloo event at the City of Bowie Dog Park in Bowie, Maryland.The event on Friday, Oct. 27, will run from 4 – 6 p.m.They’ll have treats for both humans and dogs, but the purpose of the event is to help pet owners in the community.“We’re going to be putting a pet pantry at the dog park,” said Officer Jessica Gaunt with the City of Bowie Animal Control Office. She said people are being asked to donate dog training tools to the pantry like collars, leashes, clickers, food and treats to support our pet owners. She said they want to help people who don’t always have the money to get the necessary tools to help train their dogs.She added the focus will be on filling their animal control vans, “so that we’ll have plenty...

Study: Colorado clinics feeling impact of Dobbs decision on abortion

Published Fri, 22 Nov 2024 05:52:59 GMT

DENVER (KDVR) — A brand new study released earlier this week sheds light on the impact the Dobbs decision has had on states like Colorado.Many states that still offer legal access to reproductive health care are feeling a surge.The study done by the Society of Family Planning compared abortion volume data from April and May 2022 as the pre-Dobbs period, to data from the 12 months after — July 2022 through June 2023 – as the post-Dobbs period. The number of states where abortion has been completely banned increased from nine to 14 states in that same time period. Record number of abortions in Colorado last year due to out-of-state visitors The monthly average number of abortion procedures in Colorado was more than 1,600 pre-Dobbs and just over 2,100 post-Dobbs, according to the study. FOX31 reached out to Planned Parenthood of the Rocky Mountains and they said they’ve seen triple the amount of out-of-state patients since the ruling. "Never before have our providers needed to ask ab...

Over 136K people attended events at Levitt Pavilion this summer

Published Fri, 22 Nov 2024 05:52:59 GMT

DENVER (KDVR) — Levitt Pavilion Denver, a nonprofit that offers free summer concerts, brought thousands of people together through music with another successful year.The venue operates on a mission to bridge cultural gaps and embrace differences in the community, and it does so by making live music available to all with free concerts, according to its website.This summer was the venue's sixth year of free summertime shows. Throughout the course of about six months, the venue held a total of 63 events, 48 of which were free for all attendees. Papa Roach donates $155K at Denver show for suicide prevention Over 120 groups performed on the stage this summer. Some 60% of the headlining artists that performed during the 48 free shows were fronted by persons of color, the venue reports.The events covered a diverse range of genres and sounds throughout this summer, with 23.1% of the shows classified as rock, 19.2% as Latin, 15.4% hip hop, 13.5% Americana/bluegrass, 7.7% reggae, 7.7% elect...

MDFR responds to house fire in Miami Springs; 1 dog dead

Published Fri, 22 Nov 2024 05:52:59 GMT

Miami-Dade Fire Rescue (MDFR) rushed to tackle a raging house fire in Miami Springs. Although no injuries were reported, a dog inside the burning building died. The blaze broke out around 4:24 a.m. Thursday, off 36th Street and Northwest 32nd Avenue, when it engulfed the residence in heavy flames and thick smoke. One adult and three children living in the house were already outside when fire crews arrived. MDFR firefighters were seen in action, working to control the fire, with some scaling the roof to address the situation. The wind spread the flames, posing additional challenges for fire units who were on the scene. “Our units found heavy fire coming from the garage side of the house. The wind exasperated the fire, made it a little more difficult,” said Mark Chavers,MDFR Division Chief. “We had seven units respond to the fire. It’s a large house. It equivalent to fighting a building fire or a small warehouse.” According to officials, the fire rapidly...

‘Worst nightmare’: Maine mass shooting suspect is certified firearms instructor, US Army reservist

Published Fri, 22 Nov 2024 05:52:59 GMT

Lewiston, Maine (WHDH) — The suspect in two mass shootings in Maine that left at least 16 people dead has experience with high-powered firearms, police warn in a message to area residents to stay in their homes and consider him “armed and dangerous.”Robert Card, 40, is a certified firearms instructor who is in the US Army Reserve and is assigned to a facility in Saco, Maine. A police bulletin said he was committed to a mental health facility for two weeks over the summer after reporting hearing voices and threatening to shoot up his military base.Former Boston Police Commissioner Ed Davis said Card’s training and military background makes him particularly dangerous to officers working to track him down.Davis called Card “very lethal” and “the type of person who is probably a police officer’s worst nightmare to go up against.”This is a developing news story; stay with 7NEWS on-air and online for the latest details.

Residents on edge after Maine mass killing suspect’s vehicle found in Lisbon

Published Fri, 22 Nov 2024 05:52:59 GMT

Lisbon, MAINE (WHDH) – Residents in Lisbon, Maine have been warned to be on alert and stay in their homes after the vehicle belonging to a suspect in a series of mass shootings in nearby Lewiston was found in their town.Heavily armed police officers could be seen fanned out around the area after the vehicle belonging to Robert Card, 40, was found abandoned in the area of Main and Milk Street. Card, a US Army reservist and certified firearms instructor, should be considered armed and dangerous. If you see him call 911 immediately.No additional information was immediately available.This is a developing news story; stay with 7NEWS on-air and online for the latest details.