I-70 eastbound closed from Aurora to Kansas due to high winds, blowing snow
High winds and blowing snow closed several highways in eastern Colorado, but the have all reopened.
Interstate 70 eastbound was closed for several hours from Aurora to the Kansas border but reopened about 7:40 a.m. The westbound lanes of the interstate were also closed from Limon to Deer Trail, but those reopened as well.
Colo. 86 Interstate 70 to Kiowa and U.S. 24 from Limon to Falcon have also reopened.
The Colorado State Patrol in Limon advised drivers to be aware on the roads as the snow and wind make morning commutes difficult.
Unity Software Climbs 12%
Shares of Unity Software Inc. (U) are gaining more than 12 percent on Thursday morning trade after the company announced a major update to its mobile game publishing solution Supersonic. The platforms included Level Analytics, Crash Center, Marketability Tool, and Wisdom Next SDK.
The company said the update will give hyper-casual game developers increased access to data, insights, and knowledge to help them make more informed decisions.
Currently, shares are at $40.92, up 12.65 percent from the previous close of $36.33 on a volume of 6,505,805.
Cardiovascular Systems Spikes On Narrower Q2 Loss
Cardiovascular Systems, Inc. (CSII) shares are gaining more than 48 percent higher on Thursday morning trade after the medical devices manufacturer reported second-quarter loss narrower than the prior year, supported by higher revenue.
The quarterly loss was $7.89 million or $0.20 per share compared to loss of $8.97 million or $0.23 per share a year ago.
On average, six analysts polled by Thomson Reuters expected the company to report loss of $0.14 per share. Analysts estimates usually exclude special items.
Second-quarter revenue increased to $61.45 million from $59.14 million in the prior year. Analysts were looking for $64.83 million.
Currently, shares are at $19.71, up 48.11 percent from the previous close of $13.31 on a volume of 3,339,404.
U.S. Factory Orders Show Notable Rebound In December
After reporting a steep drop in new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Thursday showing a notable rebound in factory orders in the month of December.
The Commerce Department said factory orders jumped by 1.8 percent in December after plunging by a revised 1.9 percent in November.
Economists had expected factory orders to surge by 2.2 percent compared to the 1.8 percent slump originally reported for the previous month.
The rebound by factory orders came as durable goods orders spiked by 5.6 percent in December after tumbling by 1.8 percent in November, with orders for transportation equipment leading the rebound.
Meanwhile, the report said orders for non-durable goods slumped by 1.9 percent in December after plunging by 2.1 percent in November.
The Commerce Department also said shipments of manufactured goods slid by 0.7 percent in December following a 0.9 percent decrease in November.
Inventories of manufactured goods rose by 0.4 percent in December after coming in virtually unchanged in the previous month.
With inventories rising and shipments falling, the inventories-to-shipments rate edged up to 1.49 in December from 1.47 in November.
National Retail Properties Guides FY23 In Line With Estimates – Update
While reporting financial results for the fourth quarter on Thursday, real estate investment trust National Retail Properties, Inc. (NNN) initiated its Core FFO, AFFO and net earnings guidance for the full-year 2023.
For fiscal 2023, the company now projects core FFO in a range of $3.14 to $3.20 per share, AFFO in a range of $3.19 to $3.25 per share and net earnings in a range of $1.87 to $1.93 per share, plus $1.27 per share of expected real estate depreciation and amortization and excludes any gains from the sale of real estate, charges for impairments and executive retirement costs.
On average, six analysts polled by Thomson Reuters expect the company to report earnings of $1.92 per share for the year. Analysts’ estimates typically exclude special items.
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MDU Resources Q4 Profit Increases, beats estimates
MDU Resources (MDU) announced earnings for its fourth quarter that increased from last year and beat the Street estimates.
The company’s bottom line came in at $117.1 million, or $0.57 per share. This compares with $86.5 million, or $0.42 per share, in last year’s fourth quarter.
Excluding items, MDU Resources reported adjusted earnings of $125.7 million or $0.61 per share for the period.
Analysts on average had expected the company to earn $0.52 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 28.8% to $1.859 billion from $1.443 billion last year.
MDU Resources earnings at a glance (GAAP) :
-Earnings (Q4): $117.1 Mln. vs. $86.5 Mln. last year.
-EPS (Q4): $0.57 vs. $0.42 last year.
-Analyst Estimate: $0.52
-Revenue (Q4): $1.859 Bln vs. $1.443 Bln last year.
Huntington Ingalls Industries, Inc. Q4 Profit Climbs, but misses estimates
Huntington Ingalls Industries, Inc. (HII) announced earnings for its fourth quarter that increased from the same period last year but missed the Street estimates.
The company’s earnings totaled $123 million, or $3.07 per share. This compares with $120 million, or $2.99 per share, in last year’s fourth quarter.
Analysts on average had expected the company to earn $3.29 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 5.0% to $2.812 billion from $2.677 billion last year.
Huntington Ingalls Industries, Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $123 Mln. vs. $120 Mln. last year.
-EPS (Q4): $3.07 vs. $2.99 last year.
-Analyst Estimate: $3.29
-Revenue (Q4): $2.812 Bln vs. $2.677 Bln last year.