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Genworth Financial Inc. Q3 adjusted earnings Beat Estimates

The Remaining Vote in Pennsylvania Appears to Be Overwhelmingly for Biden

The president leads by nearly 700,000 votes, but there are 1.4 million absentee votes outstanding.

By Nate Cohn

A Split Decision for Democrats

Weary voters appeared willing to give former Vice President Joseph R. Biden Jr. a chance, but they shied away from putting Democrats in full control of Washington.


By Carl Hulse

Stock Alert: Supernus Pharmaceuticals Jumps 22% On Quarterly Results, Sales View

Shares of drug maker Supernus Pharmaceuticals, Inc. (SUPN) are rising more than 22% Wednesday morning on upbeat third quarter results. The company has also raised its full-year product sales outlook.

Net earnings in the third quarter were $39.997 million or $0.74 per share compared with $28.86 million or $0.54 per share in the same quarter a year ago due to 52% year-over-year growth in product sales.

Total revenues were $155.14 million compared with $100.03 million in the same quarter a year ago.

Supernus has raised its full-year sales outlook to the range of $500 million to $525 million from $460 million- $500 million provided earlier.

Supernus shares are currently at $22.15 and have been trading in the range of $13.12- $29.36 in the last one year.

Election Day voting is over. Here’s the likelihood of a second $1,200 stimulus check being passed by January

Election Day voting may be over, but Congress is still on hiatus.

Regardless of the eventual results, any potential second stimulus bill will most likely be delayed until at least January, according to Garrett Watson, a senior policy analyst at the Tax Foundation. 

Check out this video to learn how likely Congress is to pass a stimulus bill in the coming months and to see what the results of the election mean for future coronavirus relief legislation.

More from Invest in You:
'Predictably Irrational' author says this is what investors should be doing during the pandemic
Coronavirus forced this couple into a 27-day quarantine amid their honeymoon cruise
How to prepare for a family member with Covid-19

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.

The Remaining Vote in Pennsylvania Appears to Be Overwhelmingly for Biden

The president leads by nearly 700,000 votes, but there are 1.4 million absentee votes outstanding.

By Nate Cohn

Kinross Gold Corp. Q3 adjusted earnings Beat Estimates

Kinross Gold Corp. (K.TO) reported earnings for its third quarter that increased from last year.

The company’s earnings totaled $240.7 million, or $0.19 per share. This compares with $60.9 million, or $0.05 per share, in last year’s third quarter.

Excluding items, Kinross Gold Corp. reported adjusted earnings of $310.2 million or $0.25 per share for the period.

Analysts had expected the company to earn $0.21 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 28.4% to $1.13 billion from $0.88 billion last year.

Kinross Gold Corp. earnings at a glance:

-Earnings (Q3): $310.2 Mln. vs. $104.0 Mln. last year.
-EPS (Q3): $0.25 vs. $0.08 last year.
-Analysts Estimate: $0.21
-Revenue (Q3): $1.13 Bln vs. $0.88 Bln last year.

Almost 20% Of New York City Residents Infected With COVID-19–New Study

A new study from Icahn School of Medicine at Mount Sinai shows that slightly less than 20% of New York City residents have been infected by COVID-19, a figure much higher than any official numbers. If accurate, it almost certainly means the U.S. count is too low.

The test was conducted by an analysis of anti-SARS-CoV-2 spike antibodies in weekly intervals from the start of February through July 2020 and utilized more than 10,000 plasma samples from patients at Mount Sinai Hospital in NYC. The start of the analysis period means that COVID-19 had started to spread earlier in New York than most official figures show.

The study looked at two groups which were an “‘urgent care’ (UC) group, enriched for COVID-19 cases during the epidemic, and a ‘routine care’ group (RC), which more closely represents the general population.” The tests were based on data taken weekly.

Because the study ended in July, the final results are now three months old, which means the figure is almost certainly much higher.

Meijer Wins Amash’s House Seat in Michigan; Republican Pickup

Republican Army veteran Peter Meijer won his bid to represent Michigan’s third district, which includes Grand Rapids, the Associated Press projected.

Meijer, whose family owns a Midwest supermarket chain, beat Democrat Hillary Scholten for the House seat of Justin Amash, wholeft the Republican party in 2019 amid disputes with President Donald Trump didn’t run for re-election.

Genworth Financial Inc. Q3 adjusted earnings Beat Estimates

Genworth Financial Inc. (GNW) announced a profit for its third quarter that advanced from last year.

The company’s earnings totaled $418 million, or $0.82 per share. This compares with $18 million, or $0.04 per share, in last year’s third quarter.

Excluding items, Genworth Financial Inc. reported adjusted earnings of $132 million or $0.26 per share for the period.

Analysts had expected the company to earn $0.07 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 19.8% to $2.42 billion from $2.02 billion last year.

Genworth Financial Inc. earnings at a glance:

-Earnings (Q3): $132 Mln. vs. $123 Mln. last year.
-EPS (Q3): $0.26 vs. $0.24 last year.
-Analysts Estimate: $0.07
-Revenue (Q3): $2.42 Bln vs. $2.02 Bln last year.