Deutsche Boerse Q1 Profit Rises

‘Rust’ Investigators Say They Await Ballistics and Phone Evidence

The criminal investigation of Alec Baldwin’s fatal shooting of a cinematographer on a film set cannot be completed without the evidence, the Santa Fe County sheriff said.

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By Graham Bowley and Julia Jacobs

Oil Futures Plunge Sharply, Settle At 2-week Low

Crude oil prices fell sharply on Monday, pushing the most active crude futures contract to a 2-week closing low, as a resurgence in Covid cases in China raised concerns about energy demand.

A strong U.S. dollar amid rising prospects of a series of sharp interest rate hikes by the Federal Reserve weighed as well on crude oil prices.

West Texas Intermediate Crude oil futures for June ended down by $3.53 or about 3.5% at $98.54 a barrel.

Brent crude futures were down $3.47 or 3.27% at $102.68 a barrel a little while ago.

Covid cases are on the rise in Shanghai with the city reporting over 19,000 new infections in the last 24 hours. Also, reports indicate a possibility of Beijing imposing fresh lockdown measures in several areas to curb the spread of the virus.

In Beijing, many people have reportedly begun stockpiling food, fearing a lockdown after the emergence of a few cases of COVID-19.

European Shares Set For Cautious Open

European stocks may open flat to slightly lower on Tuesday as traders return to their desks after a long holiday weekend.

Growth worries may weigh on markets at open after China reported mixed economic data and the World Bank reduced its global growth forecast for 2022 by nearly a full percentage point.

Asian stocks traded mixed despite growing worries over the risk of recession and China’s latest crackdown on tech sector.

The Russia-Ukraine conflict showed no signs of easing, with Moscow refocusing its efforts on eastern Ukraine and Ukrainian President Volodymyr Zelenskiy vowing to fight on.

On the earnings front, Netflix, Tesla and Johnson & Johnson are all reporting their earnings this week, with investors waiting to see how the Ukraine war and a spike in inflation has impacted net profit margins.

The dollar was up in Asian trade on the back of surging U.S. bond yields amid expectations the Federal Reserve will press ahead with an aggressive tightening of monetary policy.

Gold prices were little changed while oil steadied after settling at a more than three-week high on Monday, as outages in Libya deepened concern over tight global supply.

U.S. stocks fluctuated before ending slightly lower overnight as a bond sell-off continued and investors looked ahead to a big week of earnings reports.

The Dow and the Nasdaq Composite both slipped around 0.1 percent while the S&P 500 ended largely unchanged with a negative bias.

European markets were closed for Easter Monday.

Cathay General Bancorp Q1 Income Climbs, Beats estimates

Cathay General Bancorp (CATY) released a profit for its first quarter that increased from the same period last year and beat the Street estimates.

The company’s bottom line came in at $75.0 million, or $0.99 per share. This compares with $73.4 million, or $0.92 per share, in last year’s first quarter.

Analysts on average had expected the company to earn $0.91 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

Cathay General Bancorp earnings at a glance (GAAP) :

-Earnings (Q1): $75.0 Mln. vs. $73.4 Mln. last year.
-EPS (Q1): $0.99 vs. $0.92 last year.
-Analyst Estimate: $0.91

Simpson Manufacturing Co Inc Q1 Profit Climbs, Beats estimates

Simpson Manufacturing Co Inc (SSD) announced earnings for its first quarter that increased from last year and beat the Street estimates.

The company’s earnings came in at $94.6 million, or $2.18 per share. This compares with $50.4 million, or $1.16 per share, in last year’s first quarter.

Analysts on average had expected the company to earn $1.67 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 42.0% to $493.6 million from $347.6 million last year.

Simpson Manufacturing Co Inc earnings at a glance (GAAP) :

-Earnings (Q1): $94.6 Mln. vs. $50.4 Mln. last year.
-EPS (Q1): $2.18 vs. $1.16 last year.
-Analyst Estimate: $1.67
-Revenue (Q1): $493.6 Mln vs. $347.6 Mln last year.

Crane Co. Reports Fall In Q1 Bottom Line, but beats estimates

Crane Co. (CR) revealed a profit for first quarter that decreased from the same period last year but beat the Street estimates.

The company’s bottom line came in at $105.0 million, or $1.81 per share. This compares with $108.4 million, or $1.84 per share, in last year’s first quarter.

Analysts on average had expected the company to earn $1.68 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 2.8% to $801.1 million from $779.6 million last year.

Crane Co. earnings at a glance (GAAP) :

-Earnings (Q1): $105.0 Mln. vs. $108.4 Mln. last year.
-EPS (Q1): $1.81 vs. $1.84 last year.
-Analyst Estimates: $1.68
-Revenue (Q1): $801.1 Mln vs. $779.6 Mln last year.

Deutsche Boerse Q1 Profit Rises

Deutsche Boerse AG (DBOEY.PK,DBOEF.PK) reported first-quarter net profit of 420.8 million euros or 2.29 euros per share, up from 317.3 million euros or 1.73 euros per share last year.

Earnings before interest, tax, depreciation and amortization amounted to 687.4 million euros, up from 521.2 million euros last year.

First-quarter revenues rose 21% to 1.30 billion euros from 1.08 billion euros last year.