Stock Yards Bancorp Inc. Profit Rises In Q3, Beats estimates

The Brink`s Co Profit Rises In Q3

Below are the earnings highlights for The Brink`s Co (BCO):

-Earnings: $19.0 million in Q3 vs. -$23.8 million in the same period last year.
-EPS: $0.38 in Q3 vs. -$0.47 in the same period last year.
-Excluding items, The Brink`s Co reported adjusted earnings of $57.4 million or $1.14 per share for the period.
-Revenue: $1.08 billion in Q3 vs. $0.97 billion in the same period last year.

Full year EPS guidance: 4.50 – 4.60
Full year revenue guidance: 4100 – 4200 Mln

Nurix Therapeutics Shares Gain 14% On Initial Data From Early-Stage Study Of Lead Drug Candidate

Shares of Nurix Therapeutics, Inc. (NRIX) are gaining nearly 14% on Wednesday morning after the company announced initial data from the first Phase 1a dose escalation trial of its lead drug candidate NX-2127 in patients with relapsed or refractory B-cell malignancies.

NRIX is currently trading at $32.97, up $4.01 or 13.83%, on the Nasdaq, on a volume of 800 thousand shares, far above average volume of 310 thousand shares. The stock has traded between $21.53 and $52.38 in the 52 week period.

Initial data from the first two completed cohorts of 100 mg and 200 mg, which included a total of six patients, showed Bruton’s tyrosine kinase (BTK) levels in peripheral blood significantly decreased in all patients in the trial starting on day 1 and remained suppressed throughout the dosing period.

European Economics Preview: UK Inflation Data Due

Consumer and producer prices data from the UK is due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for September. Consumer price inflation is seen unchanged at 3.2 percent in September. Economists forecast output prices to climb 6.8 percent annually after rising 5.9 percent in August.

In the meantime, producer price figures are due from Germany. Producer price inflation is expected to rise to 12.7 percent in September from 12 percent in August.

At 3.00 am ET, industrial production and producer prices are due from Poland. Economists forecast industrial production to grow 8 percent annually after rising 13.2 percent in August.

At 4.00 am ET, the European Central Bank releases current account data for August. The current account surplus totaled EUR 21.6 billion in July.

At 5.00 am ET, Eurostat is slated to issue euro area final consumer prices for September. According to flash estimate, inflation advanced to 3.4 percent in September from 3.0 percent in August.

Silicon Labs Guides Q4 Well Above Estimates – Quick Facts

While reporting financial results for the third quarter on Wednesday, wireless technology firm Silicon Labs Inc. (SLAB) provided earnings and revenue guidance for the fourth quarter, well above analysts’ expectations.

For the fourth quarter, the company expects loss in a range of $0.41 to $0.31 per share and adjusted earnings in a range of $0.50 to $0.60 per share on revenues between $195 million and $205 million.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.19 per share on revenues of $179.83 million for the quarter. Analysts’ estimates typically exclude special items.

In connection with its previously announced $400 million share repurchase authorization, the company intends to enter into an accelerated share repurchase (ASR) agreement with an investment bank under which it will repurchase $400 million of its common stock on terms to be negotiated, subject to customary adjustments. The final settlement of the ASR is expected to be completed in the first quarter of 2022.

DoorDash Stock Slips Over 5%

Shares of DoorDash, Inc. (DASH) are slipping over 5% on Wednesday morning despite no stock-specific news from the delivery service company to hurt the shares.

DASH is currently trading at $201.57, down $11.36 or 5.34%, on the Nasdaq, on a volume of 1.8 million shares, below average volume of 2.6 million shares. The stock has traded between $110.13 and $256.09 in the 52 weeks period. The stock has gained over 40% in the year-to-date period.

On Tuesday, Uber Technologies Inc. (UBER) announced that it is expanding its partnership with French grocery chain Carrefour SA to offer rapid delivery of groceries from nine micro-fulfillment centers across Paris.

Review: ‘Colin in Black & White’ Finds Kaepernick Before He Took a Knee

This inventive Netflix docudrama, created by Colin Kaepernick and Ava DuVernay, is a coming-of-age story in the rearview mirror of an activist adulthood.

By James Poniewozik

Robinhood Markets Tumbles 9 Percent On Wider-than-expected Q3 Loss

Shares of financial services company Robinhood Markets, Inc. (HOOD) fell 9 percent on Wednesday’s trading as the company posted wider-than-expected loss in the third quarter.

In the third quarter, net loss was $1.32 billion, or $2.06 per share, compared with net loss of $11 million, or $0.05 per share in the same period last year. Analysts were looking for net loss of $1.37 per share in the period.

Total revenues climbed 35 percent to $365 million from $270 million in the third quarter of 2020.

Currently at $35.99, the stock has traded between $33.25 and $85.00 during the past 52 weeks.

Stock Yards Bancorp Inc. Profit Rises In Q3, Beats estimates

Stock Yards Bancorp Inc. (SYBT) revealed earnings for its third quarter that rose from the same period last year.

The company’s bottom line totaled $23.16 million, or $0.86 per share. This compares with $14.53 million, or $0.64 per share, in last year’s third quarter.

Analysts had expected the company to earn $0.76 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

Stock Yards Bancorp Inc. earnings at a glance:

-Earnings (Q3): $23.16 Mln. vs. $14.53 Mln. last year.
-EPS (Q3): $0.86 vs. $0.64 last year.
-Analysts Estimate: $0.76