Nasdaq Q2 Results Top Estimates – Quick Facts
Nasdaq Inc. (NDAQ) reported Wednesday that its net income for the second quarter grew to $341 million or $2.05 per share from $241 million or $1.45 per share in the prior-year quarter.
Excluding items, adjusted net income for the quarter was $316 million or $1.90 per share, compared to $256 million or $1.54 per share in the year-ago quarter.
On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of $1.70 per share for the quarter. Analysts’ estimates typically exclude special items.
Net revenues for the quarter rose 21 percent to $846 million from last year’s $699 million. Analysts expected revenues of $810.54 million for the quarter.
Solutions segments revenues increased 26 percent, and Market Services revenues increased 13 percent from last year.
Baffling Marjorie Taylor Greene Comment Becomes Instant Meme
Rep. Marjorie Taylor Greene (R-Ga.) gave an odd excuse for not disclosing her vaccination status Tuesday that became fast fodder for social media memes.
The far-right lawmaker held a press conference after she was temporarily suspended from Twitter for spreading COVID-19 misinformation, an activity she makes a habit of both online and off.
She was asked by a reporter if she had been vaccinated and whether she agreed with House Minority Whip Steve Scalise (R-La.), who announced over the weekend he had received his first dose of the Pfizer shot and was confident in vaccine safety and efficacy.
Greene apparently didn’t want to share her own vaccination information. A vaccination announcement, like Scalise’s, could encourage hesitant supporters to take the vaccine as the highly contagious delta variant surges around the country.
“Your first question is a violation of my HIPAA rights,” Greene replied. “You see, with HIPAA rights, we don’t have to reveal our medical records and that also involves our vaccine records.”
That’s not correct. HIPAA applies to medical providers, insurers and other health care entities that have access to medical records. It gives individuals rights and limits over what entities can access their health information.
It doesn’t prevent a reporter from asking about your medical history. And it doesn’t prevent anyone from saying whether they’ve been vaccinated.
But hey, if Greene can use it to duck questions, why can’t everybody else?
Starwood Capital sweetens bid for Monmouth Real Estate
(Reuters) – U.S. investment firm Starwood Capital Group on Wednesday sweetened its offer for Monmouth Real Estate Investment Corp to $19.51 per share from its previous bid of $18.70.
The consideration includes a termination fee of $0.63 per share owed to Equity Commonwealth.
Seagate Q4 Results Top Estimates – Quick Facts
Data storage maker Seagate Technology Holdings plc (STX) reported Wednesday that net income for the fourth quarter soared to $482 million or $2.07 per share from $166 million or $0.64 per share in the prior-year quarter.
Excluding items, adjusted earnings for the quarter was $2.00, compared to $1.20 in the year-ago quarter. On average, 24 analysts polled by Thomson Reuters expected the company to report earnings of $1.84 per share for the quarter. Analysts’ estimates typically exclude special items.
Revenue for the quarter grew to $3.01 billion from $2.52 billion in the same quarter last year. Analysts expected revenue of $2.95 billion for the quarter.
The Board of Directors of the Company also declared a quarterly cash dividend of $0.67 per share, which will be payable on October 6, 2021 to shareholders of record as of the close of business on September 22, 2021.
Looking ahead the first quarter, the company expects adjusted earnings per share of $2.20, plus or minus $0.15, on revenues of $3.1 billion, plus or minus $150 million. The Street is currently looking for earnings of $1.85 per share on annual revenues of $2.94 billion.
Broncos WR Preview: Courtland Sutton returns from ACL injury to lead young group of receivers – The Denver Post
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Interpublic Q2 Results Top Estimates – Quick Facts
Interpublic Group of Cos, Inc. (IPG) reported Wednesday that net income available to IPG common stockholders for the second quarter was $263.3 million or $0.66 per share, compared to a loss of $45.6 million or $0.12 per share in the prior-year quarter.
Excluding items, adjusted earnings for the quarter were $0.70 per share, compared to $0.23 per share in the year-ago quarter.
Net revenue for the quarter increased 22.5 percent to $2.27 billion from $1.85 billion in the same quarter last year. Total revenue was up 23.9 percent from last year to $2.51 billion. Organic net revenue growth was 19.8 percent.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.42 per share on revenues of $2.08 billion for the quarter. Analysts’ estimates typically exclude special items.
He wants to bring a billion people to digital payments
New York (CNN Business)Venmo is getting rid of the feed that shows users’ payments to strangers. It’s part of a drastic redesign that’s rolling out in the coming weeks.
The mobile payment app, owned by PayPal (PYPL), announced the changes Tuesday, explaining that getting rid of the global feed is part of its “ongoing efforts to continually evolve the Venmo platform.” Moving forward, users will only see payments between friends when they open the app.
“The Venmo community has grown to more than 70 million customers, so this change allows customers to connect and share meaningful moments and experiences with the people who matter most,” the company said in blog post.
Venmo’s global feed has been the focus of privacy concerns. In 2018, PayPal settled with the Federal Trade Commission for an undisclosed sum following complaints about the app’s privacy controls of their transactions. Despite having some privacy settings, the federal agency said that the app “misled consumers about how those settings work.”
Venmo also announced expanded privacy controls in Tuesday’s changes. For example, users can also select if they want to have their profile to appear on the friend’s feed or stay hidden.
In other changes, users will see a redesigned bottom navigation toolbar allowing them to toggle between the friends’ feed, their personal profile and Venmo’s growing suite of products. Venmo recently added crypto support that lets people buy bitcoin, ethereum, litecoin and bitcoin cash for as little as $1.