European Economics Preview: UK Inflation Data Due

Firefighters battle house fire in northwest Denver on Tuesday morning.

Firefighters took on a two-alarm fire in northwest Denver on Tuesday morning.

The fire broke out before 11 a.m. near West 44th Avenue and Tennyson Street, according to the Denver Fire Department. At one point, firefighters had to pull away from the structure and take a “defensive” position because of the intensity of the fire.

No one was injured, and the cause of the fire is under investigation.

 

Netflix Inc. Announces Retreat In Q1 Income, but beats estimates

Netflix Inc. (NFLX) revealed a profit for first quarter that decreased from last year but beat the Street estimates.

The company’s bottom line totaled $1.60 billion, or $3.53 per share. This compares with $1.71 billion, or $3.75 per share, in last year’s first quarter.

Analysts on average had expected the company to earn $2.90 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 9.9% to $7.87 billion from $7.16 billion last year.

Netflix Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $1.60 Bln. vs. $1.71 Bln. last year.
-EPS (Q1): $3.53 vs. $3.75 last year.
-Analyst Estimates: $2.90
-Revenue (Q1): $7.87 Bln vs. $7.16 Bln last year.

Omnicom Group Inc. Q1 Profit Decreases, but beats estimates

Omnicom Group Inc. (OMC) reported a profit for first quarter that decreased from last year but beat the Street estimates.

The company’s earnings came in at $173.8 million, or $0.83 per share. This compares with $287.8 million, or $1.33 per share, in last year’s first quarter.

Excluding items, Omnicom Group Inc. reported adjusted earnings of $292.0 million or $1.39 per share for the period.

Analysts on average had expected the company to earn $1.30 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 0.6% to $3.41 billion from $3.43 billion last year.

Omnicom Group Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $173.8 Mln. vs. $287.8 Mln. last year.
-EPS (Q1): $0.83 vs. $1.33 last year.
-Analyst Estimates: $1.30
-Revenue (Q1): $3.41 Bln vs. $3.43 Bln last year.

Father Doesn’t Know Best at New Directors/New Films

Returning to an in-person event, this year’s adventurous festival is filled with discoveries that use families to explore contemporary life.

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By Manohla Dargis

Tiny Love Stories: ‘We Sent Love Through Our Thumbs’

Modern Love in miniature, featuring reader-submitted stories of no more than 100 words.

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International Business Machines Corp. Q1 Profit Drops

International Business Machines Corp. (IBM) released earnings for first quarter that decreased from the same period last year

The company’s bottom line came in at $733 million, or $0.81 per share. This compares with $955 million, or $1.06 per share, in last year’s first quarter.

Excluding items, International Business Machines Corp. reported adjusted earnings of $1.27 billion or $1.40 per share for the period.

The company’s revenue for the quarter rose 7.7% to $14.20 billion from $13.19 billion last year.

International Business Machines Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $733 Mln. vs. $955 Mln. last year.
-EPS (Q1): $0.81 vs. $1.06 last year.
-Revenue (Q1): $14.20 Bln vs. $13.19 Bln last year.

Grass fire breaks out in Boulder west of the Gunbarrel area.

A grass fire has broken out Tuesday afternoon in Boulder in the Red Fox Hills area just south of the Twin Lakes.

Firefighters are on scene and are fighting the fire near Tally Ho Trail and Red Fox Trail.

Evacuation orders are posted for some area residents, according to the sheriff’s office. Authorities urge people to avoid the area if possible so firefighters and work unencumbered. Some roads in the area are being closed off to traffic.

A red flag warning for elevated fire safety concerns is posted for the area until 8 p.m. Tuesday.

This story will be updated.  

European Economics Preview: UK Inflation Data Due

Consumer and factory gate prices from the UK are 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 March.

UK consumer price inflation is expected to climb to 6.7 percent from 6.2 percent in February. Output prices are forecast to advance 11.1 percent annually, following a 10.1 percent rise in the prior month.

At 3.00 am ET, Spain’s INE publishes revised consumer and harmonized inflation data. The statistical office is expected to confirm 9.8 percent consumer price inflation for March.

In the meantime, industrial production figures are due from Hungary.

At 4.00 am ET, Italy’s Istat releases industrial production figures for February. Economists expect output to climb 1.4 percent month-on-month after falling 3.4 percent in January.