Taiwan's Foxconn shares rise more than 4% after EV deal with Fisker
TAIPEI (Reuters) – Shares of Taiwan’s Foxconn rose as much as 4.5% on Thursday, after the company said it will work with Fisker Inc to produce more than 250,000 electric vehicles a year beginning in late 2023.
Foxconn, Apple’s main iPhone maker, has ramped up its interest in electric vehicles over the past year or so, announcing deals with Chinese electric-car maker Byton and automakers Zhejiang Geely Holding Group and Stellantis NV’s Fiat Chrysler unit.
Radian Group Inc Q4 adjusted earnings Beat Estimates
Radian Group Inc (RDN) reported a profit for fourth quarter that dropped from the same period last year.
The company’s bottom line totaled $148.01 million, or $0.76 per share. This compares with $161.18 million, or $0.79 per share, in last year’s fourth quarter.
Excluding items, Radian Group Inc reported adjusted earnings of $171.0 million or $0.69 per share for the period.
Analysts had expected the company to earn $0.64 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter fell 4.7% to $369.86 million from $388.02 million last year.
Radian Group Inc earnings at a glance:
-Earnings (Q4): $171.0 Mln. vs. $224.0 Mln. last year.
-EPS (Q4): $0.69 vs. $0.86 last year.
-Analysts Estimate: $0.64
-Revenue (Q4): $369.86 Mln vs. $388.02 Mln last year.
Cramer's lightning round: Buy Advanced Micro Devices
- It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.
Enphase Energy: "I really like that company. I thought it was a good quarter. … They are one of the keepers. SunPower is the one we don't want."
Vuzix: "I have to do more work."
Lululemon Athletica: "I think it's done going down."
Advanced Micro Devices: "You've just gotta buy this stock."
Abbott Laboratories: "I think Abbott can still go higher. Abbott, Danaher, Illumina, Thermo Fisher — that's the four."
Disclosure: Cramer's charitable trust owns shares of Abbott Laboratories.
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Opinion | School Closures Have Failed America’s Children
As many as three million children have gotten no education for nearly a year.
By Nicholas Kristof
Colorado snow totals for Feb. 24-25, 2021
The following Colorado snow totals have been reported by the National Weather Service for Feb. 24, 2021, as of 8:30 p.m. Thursday.
Boulder, CO — 1.6 inches at 6:15 p.m.
Colorado Springs, CO — 1.3 inches at 8:10 p.m.
Erie, CO — 1 inch at 6:07 p.m.
Golden, CO — 1.5 inches at 6:20 p.m.
Peterson Afb, CO — 1.2 inches at 8 p.m.
Sunshine, CO — 1 inch at 5:07 p.m.
Rent-A-Center Q4 Results Top Estimates
Rent-A-Center Inc. (RCII) reported that its fourth-quarter net earnings rose to $56.3 million or $1.00 per share from $40.5 million or $0.72 per share last year.
Non-GAAP fourth quarter 2020 earnings per share were $1.03 compared to $0.58 in the fourth quarter of 2019. Analysts polled by Thomson Reuters expected the company to report earnings of $1.02 per share for the quarter. Analysts’ estimates typically exclude special items.
On a GAAP basis, the company generated $54.6 million in operating profit in the fourth quarter of 2020 compared to $67.8 million in the fourth quarter of 2019, with the decrease primarily due to the gain on the sale-leaseback of corporate headquarters in 2019.
Total revenues increased by 7.3 percent to $716.5 million, from last year, primarily due to an increase in same store sales revenue of 13.7 percent in the Rent-A-Center Business segment and a 4.8 percent increase in total revenues in the Preferred Lease segment, partially offset by a lower store count in the Rent-A-Center Business as a result of refranchising efforts and the rationalization of our Rent-A-Center Business store base. Analysts expected revenue of $712.94 million for the quarter.
For 2021, the company expects Non-GAAP earnings per share to be in the range of $5.00 to $5.55, and revenues of $4.305 billion to $4.455 billion. Wall Street currently is looking for fiscal year 2021 earnings of $3.92 per share on annual revenues of $3.16 billion.
PHOTOS: Winter storm moves through the Denver area
Snow begin falling in the Denver region around 5 p.m. Wednesday as a storm arrives that could make the evening commute and Thursday morning’s drive to work a bit messy, forecasters said.
A winter weather advisory is being expanded to Denver and some western areas of Adams and Arapahoe counties, according to the National Weather Service. This advisory will be in effect from 5 p.m. Wednesday until 8 a.m. Thursday.
Get up to date snow totals for Colorado here.
Adecco Group Q4 EBITA Excl. One-offs Down 2% Organically – Quick Facts
The Adecco Group (AHEXY.PK,ADO.L) reported fourth quarter net income attributable to shareholders of 149 million euros, compared to 256 million euros, a year ago. Earnings per share was 0.92 euros compared to 1.57 euros. The company said the year-on-year decline in reported net income was primarily driven by the favourable impact from the gain on sale relating to the divestment of Soliant in the fourth quarter of 2019. EBITA excluding one-offs was 260 million euros compared to 290 million euros.
Fourth quarter revenues were 5.41 billion euros, down 9% year-on-year on a reported basis and down 5% organically and trading days adjusted.