Life

UDR, Inc. Q1 adjusted earnings Beat Estimates

MetLife Inc. Q1 adjusted earnings Beat Estimates

MetLife Inc. (MET) revealed a profit for its first quarter that rose from the same period last year.

The company’s earnings came in at $4.37 billion, or $4.75 per share. This compares with $1.35 billion, or $1.40 per share, in last year’s first quarter.

Excluding items, MetLife Inc. reported adjusted earnings of $1.45 billion or $1.58 per share for the period.

Analysts had expected the company to earn $1.44 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 0.6% to $15.54 billion from $15.45 billion last year.

MetLife Inc. earnings at a glance:

-Earnings (Q1): $1.45 Bln. vs. $1.42 Bln. last year.
-EPS (Q1): $1.58 vs. $1.48 last year.
-Analysts Estimate: $1.44
-Revenue (Q1): $15.54 Bln vs. $15.45 Bln last year.

Chipotle Offers 5 New Lifestyle Bowls

Chipotle Mexican Grill (CMG) is launching five new “Lifestyle Bowls” in an effort to provide healthy menu items during this COVID-19 lockdown period.

The Mexican-themed fast casual restaurant chain said the new “Lifestyle Bowls” were inspired by wellness experts and the Chipotle Together Wellness Live-Streams to help fans get back on track with their health and fitness goals.

Chipotle said its joint study with YouGov found over a third of Americans surveyed are struggling to maintain healthy lifestyles, and over four in ten aren’t maintaining a regular workout schedule since spending more time at home.

Diets have fallen victim to increased snacking and consumption of processed foods as the study found that over a third of those surveyed have been eating more “junk food” during this period.

The five new bowl include Chris Brickley Bowl, Cody Rigsby Salad, Dr. Mark Hyman Salad, Tia-Clair Toomey Bowl and Mat Fraser Bowl.

“Our fully customizable menu featuring only real ingredients is an ally for consumers looking to reignite their commitment to a healthier lifestyle,” said Chris Brandt, Chief Marketing Officer. “While we have existing Lifestyle Bowls for specific diets, we’re encouraging our fans to eat healthy their way with new menu options inspired by orders from some of our most influential fans in the fitness world.”

PayPal Holdings, Inc. Q1 adjusted earnings of $0.66 per share

PayPal Holdings, Inc. (PYPL) released a profit for first quarter that declined from last year.

The company’s profit totaled $84 million, or $0.07 per share. This compares with $667 million, or $0.56 per share, in last year’s first quarter.

Excluding items, PayPal Holdings, Inc. reported adjusted earnings of $786 million or $0.66 per share for the period.

The company’s revenue for the quarter rose 11.9% to $4.62 billion from $4.13 billion last year.

PayPal Holdings, Inc. earnings at a glance:

-Earnings (Q1): $786 Mln. vs. $786 Mln. last year.
-EPS (Q1): $0.66 vs. $0.66 last year.
-Revenue (Q1): $4.62 Bln vs. $4.13 Bln last year.

Crude Oil Futures Snap 5-day Winning Streak, Settle Sharply Lower

After five successive days of gains, crude oil futures fell on Wednesday amid renewed concerns about excess supply in the market and worries about the outlook for near term energy demand.

West Texas Intermediate Crude oil futures for June ended down $0.57, or about 2.3%, at $23.99 a barrel, after hitting a high of $26.08 in early trades.

Brent crude futures declined by about 4% to $29.72.

According to the data released by the Energy Information Administration (EIA) this morning, crude inventories in the U.S. increased by 4.6 million barrels in the week ended May 1, much less than an expected increase of 8.7 million barrels.

Gasoline stockpiles were down by 3.2 million barrels last week, as compared to expectations for an increase of about 43,000 barrels.

Meanwhile, distillate stockpiles rose sharply by 9.5 million barrels, much higher than an expected increase.

The EIA report also said that crude oil output dropped to a 15-month low of 11.9 million barrels per day last week.

The American Petroleum Institute (API) report showed on Tuesday that U.S. crude inventories rose by 8.4 million barrels last week, as the demand destruction continues and storage space nears its upper limits.

Ameriprise Financial Inc. Q1 adjusted earnings Beat Estimates

Ameriprise Financial Inc. (AMP) announced earnings for its first quarter that increased from last year.

The company’s earnings totaled $2.04 billion, or $15.88 per share. This compares with $0.40 billion, or $2.82 per share, in last year’s first quarter.

Excluding items, Ameriprise Financial Inc. reported adjusted earnings of $694 million or $5.41 per share for the period.

Analysts had expected the company to earn $3.94 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 3.8% to $3.00 billion from $3.12 billion last year.

Ameriprise Financial Inc. earnings at a glance:

-Earnings (Q1): $694 Mln. vs. $525 Mln. last year.
-EPS (Q1): $5.41 vs. $3.75 last year.
-Analysts Estimate: $3.94
-Revenue (Q1): $3.00 Bln vs. $3.12 Bln last year.

UDR, Inc. Q1 adjusted earnings Beat Estimates

UDR, Inc. (UDR) reported a profit for first quarter that declined from the same period last year.

The company’s profit totaled $4.16 million, or $0.01 per share. This compares with $23.49 million, or $0.08 per share, in last year’s first quarter.

Excluding items, UDR, Inc. reported adjusted earnings of $164.49 million or $0.51 per share for the period.

Analysts had expected the company to earn $0.03 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 18.8% to $321.48 million from $270.67 million last year.

UDR, Inc. earnings at a glance:

-Earnings (Q1): $164.49 Mln. vs. $144.64 Mln. last year.
-EPS (Q1): $0.51 vs. $0.47 last year.
-Analysts Estimate: $0.03
-Revenue (Q1): $321.48 Mln vs. $270.67 Mln last year.