General Motors Q4 Profit Tops Estimates; Issues FY21 Earnings Outlook
General Motors Co. (GM) reported fourth-quarter adjusted profit per share of $1.93 compared to $0.05, prior year. On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $1.64, for the quarter. Analysts’ estimates typically exclude special items.
Fourth-quarter revenue was $37.5 billion, an increase of $6.7 billion from prior year. Analysts expected revenue of $36.12 billion, for the quarter.
For fiscal 2021, the company projects: adjusted EPS in a range of $4.50 – $5.25.
Cold Weather Payment: DWP announces new postcode trigger today as snow warnings continue
Cold Weather Payments: Guide to government-run scheme
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Today, the DWP confirmed another Cold Weather Payment has been triggered. This particular trigger relates to the weather station Lerwick.
“As well as Cold Weather Payments, we also run the Warm Home Discount Scheme and Winter Fuel Payments, so we have a number of schemes in place to help.”
More to follow…
Kamala Harris Runs Up Lincoln Memorial Steps In Viral Video
Vice President Kamala Harris is proving that she’s fit for office in more ways than one.
A fellow jogger filmed the new veep running up and down the steps of the Lincoln Memorial on Saturday, and the video has gone viral.
The memorial has 58 steps from chamber to plaza. That might have been a few too many for one Secret Service agent, spotted trying to catch up to Harris as she ascended near the statue.
Harris was greeted with a high-five at the top by a man who’s presumably her husband, Doug Emhoff, according to Bobby Tran, who shot a video of Harris’ training session. Tran posted the clip to his Instagram along with a selfie with his girlfriend and the vice president.
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Harris, as they say, is a heartbeat away from the presidency, so it’s good to see she’s taking care of her health. She has said she’s partial to morning workouts and, when she couldn’t visit a gym during the pandemic, she improvised hand weights with filled 1-liter bottles.
And as long as she’s using the Lincoln Memorial stairs for cardio, she can visit the new broken-glass art installation in front of it that honors her shattering of the glass ceiling in politics.
H/T The Hill
Stock Alert: Bio-Path Holdings Surges On Receiving Third Patent Related To Platform Technology
Shares of Bio-Path Holdings, Inc. (BPTH) are surging more than 295% Wednesday morning on the news of it receiving third U.S. patent related to manufacture of platform technology.
The new patent, granted by the United States Patent and Trademark Office, titled “P-ethoxy nucleic acids for liposomal formulation” builds on prevoius patents that protect the platform technology for DNAbilize, the company’s novel RNAi nanoparticle drugs.
“We continue our efforts to build a fortress of protection around our technology as it safeguards our platform technology and target-specific technology, is a deterrent to would-be competitors and creates value around our core competencies,” said Peter Nielsen, President and Chief Executive Officer of Bio-Path Holdings.
BPTH touched a new 52-week high of $24.34 this morning.
Twitter says Trump's ban will never be lifted — even if he runs for president again
- The CFO of Twitter told CNBC’s “Squawk Box” that Donald Trump would not be returning to the platform.
- Trump was removed from Twitter for inciting violence in January.
- Visit the Business section of Insider for more stories.
Twitter CFO Ned Segal confirmed that Donald Trump’s ban from the platform is a permanent one — even if the former president decides to seek public office again.
In a Wednesday interview with “Squawk Box”‘s Becky Quick on CNBC, Segal said that anyone “inciting violence” on Twitter would not be allowed to return.
He continued that Trump “was removed when he was president, and there’d be no difference for anybody who’s a public official once they’ve been removed from the service.”
Segal summed up the policy by saying, “When you’re removed from the platform, you’re removed from the platform.”
Trump was removed from the platform on January 8, 2021. The day before, Facebook had done the same. Twitter determined that Trump’s posts during the Capitol riots on January 6 incited violence, a violation of its terms of service.
Despite deplatforming the former president, Twitter has seen strong earnings this quarter. On Wednesday, Markets Insider reported that shares of the tech company were up 9%. Twitter’s user numbers grew to 192 million, but Markets Insider reported that the 2020 presidential election caused a “small but measurable hit” to user growth, resulting in daily active user numbers falling short of analyst projections.
Stock Alert: Crown Holdings Rises To New 52-week High On Upbeat Q4 Results
Shares of Crown Holdings, Inc. (CCK), a manufacturer of packaging products and equipment for consumer goods and industrial products, are gaining more than 7 percent or $6.85 in Wednesday’s morning trade at $99.58. The stock earlier hit a new 52-week high of $101.95 as the company’s fourth-quarter earnings beat analysts’ estimates.
Tuesday, Crown Holdings said its fourth-quarter net income surged to $151 million or $1.12 per share from $87 million or $0.64 per share in the year-ago period. Adjusted earnings were $1.50 per share, while analysts polled by Thomson Reuters had a consensus estimate for earnings of $1.27 per share. Net sales rose 6.1 percent to $2.96 billion from $2.79 billion last year.
Looking ahead, Crown Holdings currently expects first quarter and full-year 2021 adjusted earnings to be in the ranges of $1.35 to $1.40 per share, and $6.60 to $6.80 per share, respectively. The company also said it intends to initiate a regular quarterly dividend of at least $0.20 per share, beginning with a payment in the first quarter of 2021.
Crown Holdings has traded in a range of $42.97 to $101.95 in the past 52 weeks.