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Europe’s inflation eased to 2.9% in October thanks to lower fuel prices. But growth has vanished.

Published Sat, 22 Feb 2025 03:47:44 GMT

FRANKFURT, Germany (AP) — The inflation that has been wearing on European consumers fell sharply to 2.9% in October, its lowest in more than two years as fuel prices fell and rapid interest rate hikes from the European Central Bank took hold.But that encouraging news was balanced by official figures showing economic output in the 20 countries that use the euro shrank by 0.1% in the July-September quarter.Inflation fell from an annual 4.3% in September as fuel prices fell by 11.1% and painful food inflation slowed, to 7.5%. The drop to under 3% is down from the peak of over 10% in October 2022 and puts the inflation figure at least within shouting distance of the European Central Bank’s target of 2% considered best for the economy. But growth disappeared as output shrank after months of stagnation near zero. Germany, the largest of the 20 countries that use the euro, saw its economy output fall by 0.1%, while No. 2 economy France only scraped out 0.1% growth, slowing from 0.6% ...

Granite Construction: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 03:47:44 GMT

WATSONVILLE, Calif. (AP) — WATSONVILLE, Calif. (AP) — Granite Construction Inc. (GVA) on Tuesday reported earnings of $57.6 million in its third quarter.The Watsonville, California-based company said it had profit of $1.13 per share. Earnings, adjusted for non-recurring costs, were $1.69 per share.The contractor and construction materials producer posted revenue of $1.12 billion in the period.Granite Construction expects full-year revenue in the range of $3.35 billion to $3.45 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GVA at https://www.zacks.com/ap/GVASource

CorVel: Fiscal Q2 Earnings Snapshot

Published Sat, 22 Feb 2025 03:47:44 GMT

FORT WORTH, Texas (AP) — FORT WORTH, Texas (AP) — CorVel Corp. (CRVL) on Monday reported earnings of $19.9 million in its fiscal second quarter.The Fort Worth, Texas-based company said it had profit of $1.15 per share.The health care management company posted revenue of $195.5 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 CRVL at https://www.zacks.com/ap/CRVLSource

Enterprise Products: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 03:47:44 GMT

HOUSTON (AP) — HOUSTON (AP) — Enterprise Products Partners L.P. (EPD) on Tuesday reported third-quarter net income of $1.32 billion.The Houston-based company said it had net income of 60 cents per share.The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.The provider of midstream energy services posted revenue of $12 billion in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $12.34 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EPD at https://www.zacks.com/ap/EPDSource

Ares Management: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 03:47:44 GMT

LOS ANGELES (AP) — LOS ANGELES (AP) — Ares Management LP (ARES) on Tuesday reported third-quarter net income of $61.8 million, after reporting a loss in the same period a year earlier.The Los Angeles-based company said it had net income of 30 cents per share. Earnings, adjusted for non-recurring costs, were 83 cents per share.The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.The private equity firm posted revenue of $671.3 million in the period. Its adjusted revenue was $681.2 million, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $777.7 million.Ares Management shares have climbed 48% since the beginning of the year. The stock has risen 32% 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 ARES at https:/...

Sensata: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 03:47:44 GMT

ATTLEBORO, Mass. (AP) — ATTLEBORO, Mass. (AP) — Sensata Technologies Holding NV (ST) on Tuesday reported third-quarter earnings of $62.8 million.On a per-share basis, the Attleboro, Massachusetts-based company said it had net income of 41 cents. Earnings, adjusted for one-time gains and costs, came to 91 cents per share.The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.The maker of sensing, electrical protection, control and power management products posted revenue of $1 billion in the period, matching Street forecasts.For the current quarter ending in December, Sensata expects its per-share earnings to range from 79 cents to 89 cents.The company said it expects revenue in the range of $950 million to $1 billion for the fiscal fourth quarter._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access ...

Leidos: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 03:47:44 GMT

RESTON, Va. (AP) — RESTON, Va. (AP) — Leidos Holdings Inc. (LDOS) on Tuesday reported a loss of $399 million in its third quarter.On a per-share basis, the Reston, Virginia-based company said it had a loss of $2.91. Earnings, adjusted for asset impairment costs and amortization costs, were $2.03 per share.The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.64 per share.The security and engineering company posted revenue of $3.92 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $3.78 billion.Leidos expects full-year earnings in the range of $6.80 to $7.10 per share, with revenue in the range of $15.1 billion to $15.3 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LDOS at https://www.zacks.com/ap/LDOSSource

Perficient: Q3 Earnings Snapshot

Published Sat, 22 Feb 2025 03:47:44 GMT

ST. LOUIS (AP) — ST. LOUIS (AP) — Perficient Inc. (PRFT) on Tuesday reported third-quarter net income of $22.6 million.The St. Louis-based company said it had profit of 63 cents per share. Earnings, adjusted for one-time gains and costs, were 92 cents per share.The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 92 cents per share.The information technology consulting firm posted revenue of $223.2 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $221.9 million.For the current quarter ending in December, Perficient expects its per-share earnings to range from 98 cents to $1.03.The company said it expects revenue in the range of $221 million to $226 million for the fiscal fourth quarter.Perficient expects full-year earnings in the range of $3.94 to $3.99 per share, with revenue ranging from $907 million to $912 million._____This story was generated by ...

Colorado Springs man sentenced for actions during Jan. 6 Capitol breach

Published Sat, 22 Feb 2025 03:47:44 GMT

COLORADO SPRINGS, Colo. (KXRM) — A Colorado Springs man has been sentenced on felony and misdemeanor charges after his actions on Jan. 6, 2021, during the breach of the U.S. Capitol.Thirty-four-year-old Jacob Travis Clark of Colorado Springs was sentenced to 33 months in prison and 12 months of supervised release after he was found guilty of one felony and five misdemeanors on Jan. 30. According to the U.S. Department of Justice (DOJ), Clark was found guilty of obstruction of an official proceeding, a felony offense, and misdemeanor offenses of entering or remaining in a restricted building or grounds; disorderly or disruptive conduct in a restricted building or grounds; engaging in physical violence in a restricted building or grounds; disorderly or disruptive conduct in a Capitol building or grounds; and parading, demonstrating, or picketing in a Capitol building. Trump indicted on Jan. 6 charges The DOJ said, "Clark's criminal conduct on Jan. 6 was captured in his text message...

Denver weather: Sunny and cool for Halloween

Published Sat, 22 Feb 2025 03:47:44 GMT

DENVER (KDVR) — There will be plenty of sunshine across the state on Halloween as temperatures stay cool and below average in the Denver weather forecast.Pinpoint Weather: Trick or treat forecast on Halloween, Oct. 31Weather today: Sunny and coolThere will be abundant sunshine through Tuesday afternoon which will continue to melt snow across the Front Range. This Colorado town got the most snow this weekend Highs are still a few degrees below average in the upper 40s with light winds.Pinpoint Weather: Daily forecast on Oct. 31 Weather tonight: Mainly clearSkies stay clear overnight Tuesday with a few passing clouds. Winds will be light as lows dip below freezing into the middle 20s. Pinpoint Weather: Overnight forecast on Oct. 31 Looking ahead: Slow warming, dryMainly sunny skies stick around for the middle of the week as highs near seasonal averages. Highs will be in the upper 50s on Wednesday afternoon, near the seasonal average of 60 degrees. Independence Pass closes for th...